Home / Knowledge / News / Textiles / Textile industry becomes survival of fittest
Textile industry becomes survival of fittest
09
Mar '09
According to a recent survey in Shandong province, it is becoming a matter of the survival of the fittest in the textile industry, with a few falling by the wayside unable to take the brunt, while others are becoming more competitive.

However, the impact of the current international financial crisis seems to be deepening further, and analysts predict that the most difficult period of China's textile industry is yet to come and is expected to appear in the second quarter of this year.

At present, Shandong Province has nearly 30 million spindles and nearly 2 million workers, with rural migrant workers accounting for more than 70 percent. The number of big textile and garment companies reached 4,933 in 2008.

The textile economy of the province ranks among the top three in the country and from amongst the rankings, yarn and cloth output ranks first, knitting wool second, garment manufacturing third and the petrochemical industry at fourth place.

The real problem faced by the textile and garment industry in Shandong is the squeeze on credit, which is creating problems in implementation of orders received from their overseas buyers, in turn disrupting the whole textile chain in Shandong.

According to a revival plan, the revenue of large scale companies is estimated to touch 900 billion Yuan by 2011, an average annual increase of 17 percent or more and will have at least one company with turnover above 100 billion Yuan.

Further, it proposes to have twenty brands, each with sales of over 1 billion Yuan, with export proportions of these brands increasing by 10 percent. During the period, the province will concentrate on providing all help needed by the sector.

The Shandong Province Textile Industry Association recently conducted a survey among 30 leading textile enterprises in the province of which 98 percent have orders in hand, but at prices which they may not be able to sustain for long.

The textile industry in Shandong is the traditional pillar of its economy and has played an important role in creating jobs, increasing income of farmers, earning foreign currency from exports, promoting market prosperity and urbanization.

Fibre2fashion News Desk - China


Must ReadView All

AEPC concern over apparel exports fall; envoys meet CEA

Apparel/Garments | On 17th Nov 2017

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern ...

Moody's improves India's rating

Textiles | On 17th Nov 2017

Moody's improves India's rating

Moody's Investors Service has upgraded the Indian Government’s local...

Sweden in talks with Birlas for smart textiles project

Textiles | On 17th Nov 2017

Sweden in talks with Birlas for smart textiles project

Sweden is seeking a collaborative project with the Aditya Birla Group ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search