Home / Knowledge / News / Textiles / Taiwan textile enterprises decide to pull out of the region
Taiwan textile enterprises decide to pull out of the region
01
May '08
Taiwan Nianxing Group, one of the biggest jeans product manufacturers in the country has decided to close up 8 of its factories in Nicaragua which virtually means that they would nearly pull out of the region.

Reasons have been accredited to disagreement over hiking the salaries of local workers and other problems faced due to economic instability. As a consequence, Nianxing Group has decided to shift their production base from Nicaragua to areas in China.

Value of processing export of Nicaragua reached US $800 million last year and enterprises investing in textile and clothes industry in this district are mainly from Taiwan, Korea and US.

Officials of Nicaragua have expressed complete indifference to these moves and have showed disinterest in Taiwan's short term investments. In other words, speculation on these transitions does not seem to have impacted the Government.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Apparel/Garments | On 28th Feb 2017

Q4FY17 operating income drops 8% at L Brands

Operating income at apparel brands marketer L Brands decreased 8 per...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Marcel Alberts
Eurofibers

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 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