Category: Emerging Markets
Heng Huat invests in fibre manufacturing facility in Malaysia
Heng Huat Resources Group, an integrated manufacturer of oil palm and coconut biomass products, will invest MYR35m (US$9.
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).
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...
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.
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.
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...
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...
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.
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...
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...
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...
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.
Turkish textile group to invest in Georgia
Turkish textile producer Kaya Group is setting up a textile project in Georgia and will export products produced in the plant to EU countries.
Slam Clothing to invest US$1m in clothing plant in Vidin
Slam Clothing plans to invest BGN2m (US$1. 12m) in a clothing plant in Vidin, north-western Bulgaria, according to district governor Momchil Stankov.
Vietnam may impose 2% duty on polyester staple fibre
Press reports from Vietnam suggest the government is considering a 2% duty on imports of polyester staple fibre to encourage domestic production.
Cambodia's first quarter clothing exports up 11%
Cambodia’s clothing exports for the first quarter of 2014 grew by 11% year-on-year, according to the latest figures from the Ministry of Commerce, indicating a...