Home / Knowledge / News / Textiles / Taiwanese enterprises fail to endure RMB appreciation
Taiwanese enterprises fail to endure RMB appreciation
15
Apr '08
A large number of Taiwan garment enterprises operating in China are expected to close down due to rapid appreciation of RMB.

Experts have analyzed that export-oriented companies will face the most amount of difficulty while one third of the traditional clothes business firms with very low standards of technology will encounter a similar fate.

However, enterprises having latest technology with very strong production capacity may be able to survive for at least one or two years. Thereafter, the situation is likely to change and these companies in all its likelihood may stand firm in both the domestic and foreign markets.

This apart, these successful enterprises will also attract orders a great deal more than they had in the previous years.

As of now, strengthening of RMB has virtually paralyzed the textile industry, especially, the clothes manufacturing enterprises in China. To the extent that Taiwanese entrepreneurs who initially planned to set up their new production base in China, have switch to other countries like Cambodia, Vietnam and Indonesia.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

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

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 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