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Associations unite to promote mega textile production projects
27
Aug '08
With the foremost objective of promoting the textile industry of Taiwan, the Ministry of Economic Affairs (MOEA) has integrated resources of its three primary subsidiaries namely –Industrial Technology Department, Industrial Development Bureau and the Bureau of Foreign Trade.

This strategy aims to help the textile manufacturers with their prospective investment projects as well as generate NT $300 billion in production value by 2015. As part of the strategy, the Taiwan Textile Research Institute (TTRI), the Society of RP/C ROC, and Taiwan Technical Textile Association (TTTA) recently inked an alliance agreement for building cooperation to share resources and R&D.

Official sources from TTRI informed Fibre2fashion that, “the coming together of these three major entities is essentially backed by the aim to expand markets not only for fiber textiles but also for fashion and technical textiles.” It was also reported that the project's mission is to lead the textile industry into creating 'Taiwan brand' and producing value added textile products. This would invariably involve expertise in designing promotion programs for which training will also be imparted.

The textile industry of Taiwan which started developing fiber textiles in 1974, has come a long way since then, and today it has evolved as a knowledge and capital intensive sector, generating more than 3000,000 tons of fiber products annually with a production value of over NT $30 billion. Electronics- class fibre in particular has become quite popular in the past few years and is growing at an exceptional rate.

The average output value of the industrial-use textile reached NT $60 billion about four years back and the figures are anticipated to increase to NT $90 billion this year. Besides, in order to give a boost to the textile production value, the newly formed alliance has plans to focus on upgrading technology so as to create a diversified range of value-added goods. Among the few new items listed, demand for the reinforced light-weight fiber cloths that can be used in industrial and building materials is believed to be the most enthralling.

The alliance will very soon invite 25 manufacturers as members with the hope that each of them would generate additional output worth NT$4 billion by 2015.

Fibre2fashion News Desk - India

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