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Taiwan hosiery industry gearing up to meet challenges
06
Jan '12
After nearly seven decades of development, Taiwan's hosiery industry is now facing a challenge due to factors like rising globalization of trade and foreign competition along with ever-decreasing retail prices.

The country's hosiery industry is also confronted with issues like rising raw material and labour costs, generational gap in talents, lack of innovation and brand development, intensifying overseas competition and over-dependence on producing as OEMs.

In order to counter these challenges, the Industrial Technology Research Institute's (ITRI's) Material and Chemical Research Laboratories (MCL) have advocated data collection and analysis, field evaluation on needs of the industry, helping firms in applying for Smile MIT (Made-in-Taiwan) certification, increasing design competence, mentoring next generation talents to bridge the talent gap, promoting quality certified products in B2B as well as B2C modes and reinforcing brands with better designs and packaging.

The Industrial Development Bureau under the Ministry of Economic Affairs kicked off its efforts to adjust the industry needs as per the market trends with the unveiling of the Hosiery Industry Development Centre (HIDC) in Shetou Township in May 2011.

For long the Shetou Township has remained a centre of hosiery production in Taiwan. The HIDC aims to help the hosiery industries to upgrade to production of high value-margin goods and carry out their operations in a vertically integrated, sustainable way.

The HIDC looks forward to revive the domestic hosiery industry by creating awareness regarding fashion and by easing the process from R&D to marketing, and also through quality control, training of workers, integration of academic resources and product certification.

In order to support revitalization of the Taiwanese hosiery industry, the Chienkuo Technology University and Feng Chia University have extended their dyeing, finishing and mechanical engineering expertise, while the Asia University and Mingdao University have provided their design talents.

Fibre2fashion News Desk - India

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