Home / Knowledge / News / Textiles / Lucrative spandex industry attracts many investors
Lucrative spandex industry attracts many investors
Mar '08
Spandex industry saw a record production last year, and observing a balance between cost of production and profit margin, lot many entrepreneurs decided to invest in this sector and expand the output capacity.

Although towards the end of 2007, prices of spandex products dropped due to several factors, yet the industry made good profits when compared with other sectors.

In 2007, China came up with a series of policies that affected spandex industrial chain to some extent. Experts consider that implementation of these policies might have an adverse effect on the spandex industry, in the present year.

Because of high environment alerts, factories consuming high-energy and releasing poisonous chemicals, have been under strict observation and due to this, many dyeing and finishing enterprises were forced to close down.

The execution of revised labor law this year will undoubtedly increase production costs of fabric plants and garment factories, especially export-oriented manufacturers.

Since the implementation of new export tax rebate policy from July last year, profits margins of garment factories have reduced significantly. Although garment factories hope to increase product prices to maintain their profits, they have received very less positive response from international buyers.

In the midst of so much confusion, spandex producing enterprises are anticipating a rise in demand this year. The income of consumer is growing so their purchasing capacity will automatically increase. Secondly, the country is hosting Olympic Games, which may create opportunities for higher sale of Spandex.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search