Home / Knowledge / News / Apparel/Garments / Garment Co Jerasia to balance its trade between US & Europe
Garment Co Jerasia to balance its trade between US & Europe
29
Aug '08
Jerasia Capital Bhd, a leading garment manufacturer and retailer has plans to increase its exports to Europe with the objective of balancing the ratio between US and Europe to 50:50.

Presently, around 85-90 percent of the company's garments are exported to the US while the remaining is traded with Europe. After an annual general meeting of the company on August 27, Mr Pronob Sengupta, Executive Director of Jerasia, told the media, “We want to increase the exports to the European market, without decreasing our exports to the US. We are currently in talks with two buyers from France and Spain. Our talks are in advanced stage now, and we hope to conclude them by year-end.”

The annual production capacity of Jerasia is said to be 20 million pieces and achieving a 50:50 export target for Europe and the US would be possible in medium term.

Mr Sengupta further informed that, “Global uncertainties, the US credit chunk, higher oil prices and commodity prices have affected our exports. We will see flat growth in exports in the second and third quarter, but we expect exports to pick up by the fourth.”

Profits in the first quarter ending June'08, experienced a drop of 12.05 percent to RM1 million from RM1.15 million recorded a year earlier. Turnover also saw a marginal plunge of R63.6 million as against RM63.7 posted in the previous fiscal.

Slowdown in the economic conditions of key markets, weaker demand in line with declining consumer spending and lowering in income from exports when converted to local currency due to the devaluating US dollar led to a drop of 28.3 percent in export turnover or RM8.8 million to touch RM22.2 million.

However, the company's retail presence with over 60 stores in Malaysia for international and local brands was not impacted adversely. Some of its international brands include MNG Mango, Naf Naf, Calvin Klein and Nike while its homegrown brands encompasses Ladylike, Charlie, Milani and Ureka.


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives
Textile & apparel bodies

The decision is transformational

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

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

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

December 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
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

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
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

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
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

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
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


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