Home / Knowledge / News / Textiles / Textile industry production dives by 18.8%
Textile industry production dives by 18.8%
Jul '10
During the first five months of 2010, Greek textile industry registered 18.8 percent fall in its production volume, after having recorded losses in small number in 2009, which was equal to 16.5 percent of its revenues.

As per data revealed by Hellenic Statistical Authority, production volumes in May dived by 21 percent and overall it plummeted by 54.5 percent as compared to May 2005. Last year, although the industry managed to lessen its losses, it was still one of the worst years for the Greek textiles industry.

As per reports compiled by ANA-MPA, on the basis of balance sheets of 65 biggest textile industries, having sales over 3 million Euros and net sales of 691.1 million Euros, depicted that, 53.8 percent of the overall firms in the sector, witnessed total profits of 15.6 million Euros, whereas, the remaining 30 recorded net loss of 129.8 million Euros.

However, as against 2008, net results improved by 13 percent. Revenues fell by 4 percent and net earnings dived by 21 percent. EBITDA was down by 26 percent and operating earnings (EBIT) plummeted by 3 percent, depicting lesser amortizations.

The 35 beneficiary firms recorded total sales of 379.2 million Euros, whereas sales by 30 loss making firms came to 311.9 million Euros. The overall sales dived by 4 percent.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

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

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Igor Chapurin

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

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater
Somaiya Kala Vidya

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search