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Textile sector in Spain lacks modernization: Report
05
Sep '13
The textile industry in Spain is mainly composed of small and medium enterprises which significantly limit the investment capacity of the sector, according to a latest study conducted by city council of Barcelona.
 
The study ‘Textile Industry Sector Report 2013’ conducted in collaboration with Leitat Technological Center, says, “The family nature of most companies in Spain’s Catalonia region, the lack of entrepreneurial vision and poor motivation are the reasons for the slow growth in the textiles sector.”
 
The implementation of new strategies is limited due to the textile companies being small and medium-sized, which results into a decline in operating margins of the whole sector, the report states.
 
According to the report, lack of funding opportunities and specialized personnel are also reasons that are affecting modernization in the Spanish textile sector.
 
This scenario has led to shutdown of many companies that have failed to adapt to changing market situations, the report adds.
 
According to the report, one of the major threats faced by the Spanish textile sector is the relocation of the production activity towards emerging countries, particularly in Asia.
 
The restrictions on textile imports (quotas) were removed during the process of liberalization of trade in 2005, which has established Chinese leadership in the textile world, the report states.
 
The traditional commercial structure and the difficulty of access to new distribution channels has led to a high degree of fragmentation in the Spanish textile sector and resulted in lack of cooperation between enterprises, it adds.
 

Fibre2fashion News Desk - India

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