EU GARMENT SECTOR WILL MEET THE ENERGY CRISIS CHALLENGE, SAY EXPERTS
February 22nd, 2023
DESPITE sky-high energy prices, currently six times higher than the USA, China and other Asian production hubs, causing loss of competitiveness and closures, European clothing companies will survive, European Union (EU) experts have told Just Style. EU electricity prices are often around EUR0.56/KWh at present, compared to USD0.10/KWh in competing industrial centres, according to EU data.
Partly as a result, European apparel and textile confederation (Euratex) senior policy officer for trade and industry Paolo Sandri warned EU clothing and textile imports ...
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