Home / Knowledge / News / Apparel/Garments / Turkish firm to up apparel imports from Bangladesh
Turkish firm to up apparel imports from Bangladesh
20
Dec '11
Tema Group, a leading Turkish company, has said it would raise its annual woven and knitwear imports from Bangladesh over the next few years to cross the US$ 500 million-mark by 2015.

However, the nearly US$ 1 billion Group urged Bangladeshi apparel suppliers to focus on quality aspect to rule out delays in shipments.

Addressing the company's annual suppliers' meeting, Edward Southall, an Executive Member of Tema Group, said it is no longer enough to be good for both Tema and Bangladesh to remain competitive.

He added that problems related to quality lead to late delivery of goods, resulting in an increase in the cost of sourcing apparels.

He said quality assumes importance at a time when the demand for apparels is declining owing to the eurozone crisis and fears of recession.

The Tema Group's apparel imports from Bangladesh would increase owing to the weakening of Bangladesh currency Taka and sourcing from China becoming costlier, Mr. Southall said.

Tema Group's annual revenue has risen from a mere US$ 7 million in 2004 to about US$ 1 billion at present.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 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