Home / Knowledge / News / Apparel/Garments / About 100 jeans companies in Junan closed
About 100 jeans companies in Junan closed
24
Aug '11
About 100 jeans manufacturing companies in Junan town in Foshan city of China's Guangdong province have been closed down in the past six months, as per the statistics of the Bureau of Economic Promotion.

However, the actual number of jeans producing companies that collapsed would be even higher as the Bureau of Economic Promotion does not have data about the companies that were functioning without license or registration and have now closed down.

Junan town produces around 20,000 jeans every year and the factors leading to the closure of jeans companies include increase in production costs, and appreciation of Chinese currency.

The latest to shutdown is a reputed denim clothing company, which closed this month leaving 67 workers unemployed. The company owes 280,000 Yuan of wages to its employees and was scheduled to pay June wages in the first week of this month.

But the factory owner fled, leaving behind the manufacturing equipment in workshop. The owner left a letter for his employees thanking them and expressing his inability to continue operation of the unit. He, however, committed that the wages would be paid after auctioning of the factory equipment.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search