Search Results for: Bangladesh

For manufacturers looking for a cost effective fibre in current global markets, cotton prices are at last stabilising following the last few years’ price distortions and increases, said Mark Messura, US-based Cotton Incorporated’s senior vice president of global supply chain marketing.…

World fibre production, especially for cotton, is strong, with cotton prices stabilising after experiencing a few years of high prices. Yet, the apparel and textile trade landscape is shifting as production moves away from China and domestic demand in Asia is set to boom, which will put more pressure on existing fibres and fabrics production worldwide.…

China’s textile industry must create new competitive advantages to compete with emerging low-cost producers such as Vietnam and Bangladesh in today’s tough export climate, according to a senior official with the China National Textile and Apparel Council.

“It’s clear from the trade data that apparel exports in low-cost countries including Vietnam and Bangladesh are growing faster than those in China and we must increasingly look to expand the value of exports rather than rely on bulk selling at low prices,” said Liu Yaozhong of the council’s international trade office at a seminar during the Intertextile Shanghai Apparel Fabrics trade show Tuesday.…

CAMBODIA’S garment industry has long had a cost advantage over its competitors: paying some of the lowest wages in the world. Growth in the garment sector in 2013 has been robust, with exports growing 32% year-on-year over the first six months, with exports reaching US dollars USD1.56 billion, said the Cambodia commerce ministry.…

THE BANGLADESH garment industry is worried about rumours swirling Dhaka about a potential hike in national insurance rates for fire and marine services, saying it would hurt the sector amidst pressure to raise factory standards and wages for garment workers. 

It would be “too much to absorb” for the industry, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) director Fazlul Hoque told just-style.…

Turkey’s textile and garment sector is aiming to significantly expand its sales to key global markets outside of Europe, such as the US, while continuing to grow exports to European Union (EU) countries over the next few years, WTiN.com has been told.…

THE INDONESIAN textile industry is being targeted by Italian machinery suppliers, who are aiming for further strong growth in sales to Indonesia over the next few years noting that the south-east Asian country’s textile industry is set to update much of its plant.…

THE COST of making Bangladeshi garment factories safe would add USD0.10 cents to each garment shipped out of Bangladesh over the next five years, Ismat Jahan, the ambassador of Bangladesh to the European Union (EU) said yesterday.

Speaking in a meeting of the European Parliament’s international trade committee organised to take stock of the progress in Bangladesh following the Rana Plaza factory collapse in April, Jahan said the overall cost of making her country’s factories fully compliant with structural and fire safety rules would be about USD3 billion (EUR2.24 billion).…

A PARTNER at advisors McKinsey has argued that Bangladesh’s advantages in low cost and convenience for brands will ensure its clothing and textile sector keeps growing, despite the Rana Plaza disaster.

Dr Achim Berg led a study released at last week’s World Fashion Convention, Shanghai, which concluded that about 72% of the total 29 chief purchasing officers (CPO) surveyed are planning to move orders from China to other Asian countries in the next five years, although China will still remain as the largest sourcing market.…

INTERNATIONAL clothing and textile experts gathered near Shanghai last week (September 23-7) to discuss solutions to China’s twin challenges – dealing with less foreign demand, while managing rising production costs.

Speaking at the 29th World Fashion Convention, Shanghai, staged in nearby Kunshan, Texhong CEO Hong Tianzhu told delegates it was time for Chinese manufacturers to upgrade their plant and processes, while moving some production outside China.…