Home / Knowledge / News / Apparel/Garments / Garment companies closing down manufacturing facilities
Garment companies closing down manufacturing facilities
30
Dec '08
Many of the Taiwanese garment companies, in order to cope with the global financial meltdown are pulling down their shutters of production bases located in different countries.

Makalot Industrial Co Ltd, with principal activities of manufacturing, processing, wholesaling and exporting apparel, is for the first time facing negative pressure of revenue growth since its inception.

To deal with the current crisis the Company has decided to close its plants in Cambodia, the Philippines and in China laying off nearly 1,500 people. Makalot Industrial Co Ltd manufactures active wear, blouse, dress, knit top, pants, skirt and sleep wear.

In addition to this, another company Tainan Garment Factory also closed its factory in Jordan; Nien Hsing Textile Co Ltd has gradually shut down five garment factories in Nicaragua, and has transferred all their production bases to Vietnam in order to reduce costs.

It highlights the impact of global economic recession on garment factories. Enterprises are forced to slash down part of their overseas production lines to weather through this cold market scenario, due to substantial drop of orders.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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