Home / Knowledge / News / Textiles / Profit margins of textile sector getting squeezed
Profit margins of textile sector getting squeezed
30
Mar '09
The average profit margins of China's entire textile industry grew by only 3.5 percent in 2008. In view of the world economic situation this year, China Textile Association is unable to comprehensively estimate the industrial profit for 2009.

But as long as enterprises can survive through the second quarter, there may be a turn for better in the second half due to domestic demand boost policy and stimulating policies implemented by the government, aver experts associated with the industry.

About 34 percent of China's textile enterprises are now facing problems in not receiving consistent orders while about 66 percent of the enterprises are facing survival crises, a situation which is worsening with each passing day for a few.

The above 34 percent of the industry contributed 8 percent to profit growth and accounted for 99 percent of industry profits, while the 66 percent contributed only 0.1 percent to profit growth last year.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Rajiv Sirohi
Shara

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

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

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

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