Home / Knowledge / News / Apparel/Garments / Datang cluster emerges as the socks capital of the world
Datang cluster emerges as the socks capital of the world
16
Aug '08
Datang, a small town in China has emerged as the leading socks production base in the world with an annual output of 13.5 billion pairs. The hosiery industrial cluster, with Datang as its base, is built around 12 townships, accounting for 22 percent of the total industrial output value of Zhuji.

Under the backdrop of general downturn of the textile industry, the data emanating regarding the hosiery manufacturing cluster is a surprise. As of June this year, the entire hosiery cluster accumulated industrial output value of 19 billion yuan, sales income of 18.3 billion yuan and profits of 1.66 billion yuan, representing a year-on-year increase of 17, 15 and 14 percent, respectively.

However, experts fear that the future does not hold a very bright prospect for the hosiery industries in the cluster, because with the expiry of the US quotas by the end of 2008, companies in the region will have to worry about imposition of anti-dumping tariffs against Chinese textile goods.

Although some of the companies have already started hedging their foreign exchange transactions and making settlements in Euro to cope with RMB appreciation, these measure might not be the ultimate solution to the critical times, the industries might face 2009 onwards.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search