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Exporters to focus only on high grade sewing machineries
14
Mar '08
Increased competition among domestic low-grade sewing machine producers and stringent rebate policies has substantially reduced the profit margins of the industry. This has forced entrepreneurs to go for only average and high grade product exports.

For instance, Suzhou Wanping Sewing Equipment Co Ltd, a popular company in this industry, would initially export machines suitable to Indonesia with price as low as US $70.

However, now it concentrates on the sale of only high valued sewing machineries which has a very bright prospect in the export market.

It was only recently, that the company exported 12 sets of long arm sewing machines and an equal number of long-arm integrated feed flat seamer to Italy and Spain. Each of these valued very high in price.

Fibre2fashion News Desk - China

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