Category: General

Consolidation for garment companies?
Economic Times, India

BANGALORE: This will go down as the mother of all deals in India’s garment industry. Although the size of the deal (Rs 682.1 crore, assuming the entire 20% open offer goes through) is not large, it is a watershed event, nonetheless.

The buyout of Gokaldas Exports by Blackstone comes close on the heels of the $38-million buyout of Leela Scottish Lace’s garment business by Bombay Rayon Fashions. Read more about Consolidation for garment companies? …

Business Standard, India
Press Trust Of India / Erode (tamil Nadu) August 19, 2014, 12:37 IST
Textile and garment manufacturers and exporters in the district were expecting a bright future in the days to come as more international buyers were turning their attention to Indian markers following hike in prices of textile and garmernts in China, which had the largest share in the export market.
Read more about Textile industry expects bright future …

China : Yiwu garment firms make a mark at German fair
August 17, 2014
Fibre2fashion.com, India

Recently, 8 garment enterprises of Yiwu city participated in the Germany Dusseldorf International Clothing Exposition, one of the biggest clothing fair in the world. They exhibited seamless underwear, shirts, socks and other latest designs in the clothing sector.

However, of the many grades that the European market is divided into, the 8 Chinese clothing firms mainly aimed at the middle grade market as a way to enter Europe. This was because though both the low and middle grade markets are huge, profits in the former is too thin Read more about China : Yiwu garment firms make a mark at German fair …

PAKISTAN: Government approves new textile policy
BharatTextile.com (subscription), India

KARACHI: The Prime Minister has approved the new Textile Policy (NTP) which will help increase the output of textile products, improve global competitiveness and generate employment in the industry.

The new policy targets a 40 percent increase in exports and meet the growing domestic demand. It will help create 3.5 million new jobs.

The government will continue to support the private sector in its efforts to modernize itself, increase productivity and competitiveness of its products, the Prime Minister said. We need to produce value-added products, particularly garments, so as to create jobs and higher exports, he added. Read more about PAKISTAN: Government approves new textile policy …

www.fibre2fashion.com
One of the major problems that the once thriving textile sector of Turkey is facing, is tough competition from Chinese counterpart, who at present is dominating international market.
Read more about Govt comes to rescue trembling textile industry …

BharatTextile.com (subscription), India
During the exhibition “Interstoff Asia” from October 8th-10th, a seminar block about “Eco-textiles certification” will be held.
Read more about ASIA: IWTO to speak at ‘Eco-textiles certification’ Seminar …

VIETNAM NATIONAL TEXTILE AND GARMENT GROUP EQUITISED
Asia Pulse via Yahoo!7 Finance
Wednesday August 16, 2014, 1:24 pm

HANOI, Aug 16 Asia Pulse – The Vietnam National Textile and Garment Group (Vinatex) has equitised 53 of its subsidiaries, reports deputy director Vu Duc Giang.

Capital for the programme had totalled VND1.2 trillion (US$75 million) and it was planned to have all the groups affiliates equitised by next year, he said.

The average yearly dividend paid by the equitised affiliates was 12 per cent.

But the Hung Long, Ho Guom, Nha Be, Phuong Dong companies had recorded average revenue growth of 20-50 per cent and paid a yearly dividend of 25 per cent. Read more about VIETNAM NATIONAL TEXTILE AND GARMENT GROUP EQUITISED …

Garment Gallery to stay open with volunteers
Evening Observer, NY

8/15/2014 – A few weeks ago, Natalie, the reliable woman who managed Rural Ministry Garment Gallery (137 Central Ave., Dunkirk) for more than a year, had a bicycle accident and was unable to do intense work for several months. Rural Ministry needed to close the shop until staff workers readjusted their work-time to open Garment Gallery. Read more about Garment Gallery to stay open with volunteers …

CESO expert assists local garment makers
Visayan Daily Star, Philippines

A consultant from the Canadian Executive Service Organization is providing assistance to local garment manufacturers on sewing production teamwork concept for productivity improvement.

Alex Vega, expert adviser on garments from Ottawa, will work with the Garment Manufacturers Association of Negros Occidental until August 18 under a six-week module in coordination with the Department of Trade and Industry Provincial Office and the Negros Occidental Provincial Government. Read more about CESO expert assists local garment makers …

Disturbance in the garment sector
The Daily Star, Bangladesh
Fulfil the commitments

It appears that unrest is again simmering in the RMG sector. And when we had thought that the month-long unrest in this sector that flared up in May had finally subsided, we were surprised to see several thousand garment workers resorting to siege of roads and damaging of public and private vehicles. The recurrence of violence in the garment sector is reprehensible, even more so when the grievances are expressed through violence that causes huge traffic snarl-up and untold sufferings to the commuters. Read more about Disturbance in the garment sector …