TAIWAN’S KNITWEAR INDUSTRY BEATS THE BLUES WITH R&D AND AN EXTRA-GENEROUS DASH OF GREEN
December 1st, 2012
THE KNITWEAR manufacturers of Taiwan are being challenged by headwinds from the global economic downturn, which has undermined their smart high-end export strategy. Last year was not a good one - as indicated by drops in exports of circular-knit fabric and knitted clothing apparel of 2.74% to USD1.265 billion and 10.97% to USD178 million respectively in the first eight months compared to the corresponding period of 2011. This comes against the backdrop of a simultaneous 9% decrease in overall textile outbound shipments.To compete with nearby rivals in low labour ...
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