Home / Knowledge / News / Textiles / Benchmarking exercise to improve profitability of mills
Benchmarking exercise to improve profitability of mills
10
Mar '10
Phiwayinkhosi Ginindza, Chief Executive Officer (CEO) of the Swaziland Investment Promotion Authority (SIPA), during the launch of the benchmarking exercise at Esibayeni Lodge remarked that, in relation to some of the aspects of production, the local textile and apparel companies are quite competitive, but there is still much scope for the factories for increasing profits by reducing cost.

He said that the Ministry of Commerce and Industry wished that the exercise would help in increasing the competitiveness of the local textile and apparel industry, which in turn would lead to sustainable employment opportunities for Swazis.

Ginindza divulged that, though initially many of the factories were not certain as to whether they wished to be a part of the exercise, but ultimately nine of them did participate, and praised them for the same. He also added that, he understands that it is not easy for any factory owner to lay their factories and its operations open for evaluation by a stranger.

Confidentiality agreements have been signed by TechnoServe with all the participating factories and also with the consultants, who were engaged to work on the project, he said, and added that this was done with a view to develop confidence amongst the factory owners regarding the process.

Ginindza said that as signified by the benchmarking exercise, some of the factory managers believed that people who are not hired by the factory could not in any way assist in adding value to the factory operations.

According to Ginindza, for those who have not participated, it was not a positive situation, as those factory managers missed a chance of having honest discussions regarding the modes for betterment of their operations and thereby of making profits.

He further added that, prospects of partnering with TechnoServe were currently being reviewed by the SIPA, which aims to introduce benchmarking as an annual exercise.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

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

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