Category: Emerging Markets
Slovenian clothing maker declared bankrupt
Slovenian clothing maker Aha Mura, which emerged from the remnants of the former Mura, has gone into bankruptcy after failing to settle its tax bill.
Orders increasing for Lithuanian acetate yarn maker
New orders for Lithuanian acetate yarn manufacturer Korelita are growing again this year after a decline in 2012. Sales grew by 5% to LTL98.
Bulgarian clothing companies offer jobs to Syrian refugees
Bulgarian clothing companies want to hire Syrian refugees and have announced around 100 job vacancies.
Revised plan for BioCotton project in Kyrgyzstan
Helvetas Swiss Intercooperation, one of the largest development organisations in Switzerland, has revised its business and financial plans for its BioCotton project with the support…
Indonesian textile exports forecast to rise this year
Indonesian textile exports reached US$697.
Conflicting reports over Cambodian clothing workers’ strike
Conflicting reports have emerged of the support given to a week-long stay-at-home protest by Cambodia’s clothing workers, who are demanding a living wages.
Rising costs hit Indonesian fashion retailers’ profits
Publicly listed Indonesian fashion retailers Mitra Adiperkasa (MAP) and Ramayana Lestari Sentosa saw their profits decrease last year, affected by rising costs and currency depreciation.
Creating a global centre of excellence for the production of jeans
Jeanologia, the Spanish sustainable textile technology firm, has said that Vietnam is set to become the key hub for its laser and ozone based garment…
Albania to introduce textile economic package
Albanian Prime Minister Edi Rama attended a meeting last month to discuss a support package for the textile industry.
Leading global clothing retailers leaving Crimea
Leading global clothing retailers are leaving Crimea, which recently voted to become part of the Russian Federation.
Bulgarian personal protection apparel producer to invest
Gabrovo, Bulgaria-based producer of personal protection apparel Mak, one of the oldest textile companies in Bulgaria, plans to again invest its profit for the previous…
Serbian lingerie manufacturer opens new production facility
Serbian lingerie manufacturer Jasmil opened a production facility in Plandiste in April.
Hong Kong clothing makers shift production to benefit from cheap labour
A group of Hong Kong clothing manufacturers have signed a deal to set up their first industrial park in Yangon, which they expect will reduce…
Grand Twins sets listing date on Cambodia Stock Exchange
Taiwanese clothing manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange on 8 May after spending several…
Indonesia's Pan Brothers profits up 50% on increasing sales
Publicly listed Indonesian clothing producer Pan Brothers has achieved a substantial rise in profits last year on the back of surging domestic sales and Asian…
Myanmar's textile and clothing industry needs 'completely rebuilding’
German textile machinery manufacturer of complete finishing lines Interspare was able to acquire a good appraisal of the textile and clothing industry in Myanmar when…