TAIWAN’S TEXTILE MAKERS REAP THE REWARDS OF HIGH-TECH MULTI-FUNCTIONALITY
November 1st, 2012
BY JENS KASTNER, IN TAIPEI
Facing a fragile global economy, rival South Korea's aggressive free trade agreement (FTA) strategy, as well as an appreciating local currency, Taiwan's textile and apparel manufacturers have placed their bets on innovation. And indeed, their strong focus on upgraded and functional textiles appears to be paying off. The industry's export earnings in 2011 came to USD12.7 billion, up from 2010's USD11.3 billion; for 2012, overall production value is expected to grow by 2% to 3% to more than USD17.1 billion. These figures are 10 year ...
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