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

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

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

Karan Arora
Karan Arora

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

Wendell Rodricks
Wendell Rodricks

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search