Category: Emerging Markets
Investment invited for textile and garment zone in Myanmar
Myanmar’s Ministry of Industry is inviting both local and foreign investment to develop a specialised textile and clothing zone in Shwe Taung, Bano region.
Thai Bedding to diversify into hotel market
Thai Bedding, a producer of mattresses and bedding products, is diversifying into the hotel business, allocating at least THB1bn (US$28.
Kolon subsidiary approved for US$220m plant in Vietnam
South Korea’s Kolon Industries has received approval to invest US$220m in a factory manufacturing KVT-1 industrial fabric for automobile tyres in the southern Vietnamese province...
EU Council scraps import quotas for Belarusian textiles
The Council of the EU has abolished import quotas for Belarusian textile products.
New workwear plant in Latvia to employ 120 people by year end
The new Lindström workwear plant in Tukums, Latvia, currently employs 100 people, but by the end of the year the number of employees will be...
Retail chains compete with global nonwovens producers in Russia
Global producers of nonwovens-based personal care products may face serious competition from retailers over the next few years owing to the plans of the latter...
ALC Bulgaria expands production
ALC Bulgaria is about to open a third factory in Bulgaria.
Turkey’s Ormo opening yarn factory in Serbia
Zoran Ilic, president of the municipality of Lebane, Serbia, said the yarn factory in the municipality will most probably restart production by the end of...
Bosnian sock producer looks for foreign business partner
Gordan Milinić, director of the Agency for Foreign Investment Promotion, has visited the Kljuc sock factory in Sarajevo to discuss the company’s business plans with...
Vietnamese clothing producer to halt production, sell shares
Phu Thinh-Nha Be Garment is to halt its apparel manufacturing business, as well as to delist all its 2.
Thai textile producer orders Brückner stenter
Nan Yang Textile, a leading textile producer in Thailand and one of the largest vertically integrated apparel companies in Asia, has ordered a Brückner stenter...
Insolvent Cambodian clothing firm liquidates ink stock
Cambodian clothing manufacturer Royal Crowntex International has held a public auction for its unused fabric ink as the company looks to liquidate its assets after...
Human rights violations criticised in Myanmar
In its World Report 2017, Human Rights Watch (HRW) has criticised Myanmar for human rights violations.
ES FiberVisions’ Rayong fibre plant opens
ES FiberVisions, the world’s largest producer of polyolefin bicomponent fibres, has started operating its newest plant in Thailand’s Rayong province with a production capacity of...
Unifi expands recycled fibre production in Vietnam
Century Synthetic Fiber is now a licensed manufacturer of Repreve, Unifi’s recycled fibre, and will now manufacture, sell and distribute Repreve filament yarn in Vietnam.
Bank approves funding for new synthetic fibre plant in Russia
Vnesheconombank, one of Russia’s largest state-owned banks, has finally approved a 13-year RUB20bn (US$306m) loan for a new synthetic fibre plant in the Ivanovo region,...