Category: Emerging Markets

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Investing in the Ruse apparel sector

Bulgaria has long been known as one of the best places in Europe for the production of clothing.

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Techtextil Russia to be held annually

Technical textiles and equipment for their production are recognised key factors for the development of the Russian textile industry.

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Ferrari Investment East buys AHA Mura Prvi Maj

Ferrari Investment East Europe of Backa Palanka, Serbia, has bought the bankrupt Pirot-based AHA Mura Prvi Maj for RSD284m (US$2.

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Martini Vesto to open plant in Bosnia and Herzegovina

Martini Vesto plans to open its first production plant in Bijeljina, north-eastern Bosnia and Herzegovina and a new plant in Serbia’s Leskovac in a bid...

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Designers’ outlet opens in Kazakhstan

Designers City, the first fashion house of Kazakh designers, opened last month in Almaty.

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Five clothing companies to create 6,000 jobs in Myanmar

Five apparel companies that will operate under the cut-make-pack system are set to create nearly 6,000 jobs in Myanmar.

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Cambodia's clothing sector minimum wage set at US$153 a month

The Cambodian government has set the new minimum wage in the country’s clothing sector at US$153 a month, a 9% increase in an industry that...

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Cambodian clothing makers struggling with wage increases

Cambodia’s clothing sector, although still expanding, will remain in a precarious position unless global brands significantly raise the prices they pay to manufacturers or the...

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Indonesia aims to become one of top five textile exporters

Indonesia is aiming to become one of the world’s top five textile exporters over the next few years, according to Minister of Industry Airlangga Hartarto.

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Turkey may impose high anti-dumping duty on Vietnamese yarn

Turkey could impose an anti-dumping duty of more than 72% on polyester textured yarn imports from Vietnam, according to the Vietnam Competition Authority, part of...

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South Korean company starts operations in Ben Tre

Unisoll Vina, a subsidiary of South Korea’s Hansoll Textile, has begun operating in the Giao Long industrial park, Chau Thanh district, in the southern Vietnamese...

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Strenesse takeover folds as Polish investor withdraws

A Polish takeover of the ailing German fashion brand Strenesse has failed, leaving the future of the company with 240 employees uncertain.

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New Mayer & Cie factory building opened in Czech Republic

Albstadt, Germany-based Mayer & Cie has opened its Czech subsidiary’s new factory hall in Vsetín.

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Latvian fibreglass maker sells stake in US subsidiary

Latvian fibreglass maker Valmieras Stikla Skiedra has signed an agreement with parent company P-D Management Industries-Technologies for the sale of a 33% stake in Valmiera...

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Large Turkish investors operating in Georgia's apparel sector

Clothing exports from Georgia fell by 13. 1% to US$77. 5m in 2015, the first year-on-year decline since 2011. Apparel imports decreased by 18.

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Azerbaijan hopes for revival of cotton sector

In the midst of economic problems, Azerbaijan President Ilham Aliyev (pictured) has pinned hopes on a revival of the cotton sector to bring the country’s...

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