Archive: 2015

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US billionaire to invest in the Vietnamese clothing industry

American investor Wilbur Ross (pictured) has signed a co-operation agreement in various fields with the Vietnam National Textile and Garment Group (Vinatex).

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Turkey’s textile hub hopes to recoup losses from Russian crisis

Despite a significant decline in Russian business that is integral to Turkey’s textile industry, the sector is hopeful it will make up for its losses...

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Belarusian linen mill may open clothing joint venture in Slovakia

Orsha Linen Mill of Belarus is looking to open apparel factories in the EU, particularly, in Slovakia, according to director general Vladimir Nesterenko.

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Greek companies to open branches in Bulgaria

With the difficult financial situation in Greece, many Greek businesses are looking for a way to circumvent banking restrictions and rising taxes.

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Bosnian fashion brand starts expansion to the Swedish market

Bosnian men’s fashion brand Granoff has started expanding to foreign markets, mainly in Western Europe, particularly the Swedish market, according to company founder and owner...

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Johnson Controls to exit automotive seating business

Johnson Controls has announced it is “exploring strategic options for the separation of its automotive business”.

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Aunde velvet fabric used in Grenoble tramway refurbishment

Beginning in 2013, the refurbishment of the 38 trams in Grenoble, France, was conducted in the ACC workshops in Clermont-Ferrand.

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‘Quantum leap’ for inner dashes and floor insulators

Switzerland-based Autoneum has launched a new technology for inner dashes and floor insulators that offers “excellent shapeability, light weight and a high acoustic performance”.

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Bus passengers surveyed about seat fabrics

Public transport textiles producer Camira Fabrics has conducted a survey to find out what passengers really think about material types on bus seats.

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Fines imposed over price-fixing cartel for acoustic components

The Bundeskartellamt (German Federal Cartel Office) has imposed fines totalling €75m on account of price fixing agreements on five manufacturers of acoustic components for the...

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D&Y Group to invest US$100m for factory expansion in Malaysia

China-based textile manufacturer Shandong Daiyin Textile & Garment Group (D&Y Group) will invest about US$100m to expand its spinning facility in Sedenak, Johor, by the...

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Gap and H&M support labour law reform in Myanmar

Retail fashion giants Gap and H&M have come out in support of proposals to reform the labour law in Myanmar.

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New facility helps put Philippine tropical fabrics in mainstream market

The Philippine Textile Research Institute of the Department of Science and Technology is hoping to push tropical fabrics, such as those made from piña and...

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Indonesian textile producers face weak sales and higher costs

Indonesian textile producers are urging the government to take swift action to help the industry survive amid weak sales and rising production costs, otherwise they...

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Buyers to take over assets of Hungarian clothing manufacturer

A foreign and a Hungarian strategic investor, along with the local council of Szombathely, in western Hungary, will assume ownership of the assets of clothing...

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Kalinel to invest in new production base in Troyan

Kalinel, a supplier of home textiles for IKEA stores worldwide, will invest BGN6m (US$3. 4m) in a new production base in Troyan, Bulgaria.

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