Home / Knowledge / News / Textiles / Uzbekistan to supply textiles to Korea
Uzbekistan to supply textiles to Korea
Nov '17
Uzbekistan to supply textiles to Korea
World's fifth-largest cotton producer Uzbekistan’s state-run company Uzbekengilsanoat recently signed agreements with major South Korean trading companies Posco Daewoo, Color Paradise, Solsang International Corp, Ratel E & T Co. Ltd., Korea Factory and the Lotte Mart retail network to supply textile products worth $70 million to them by the end of 2018.

During the meeting with representatives from the Korean International Trade Association (KITA) and the national electronic trading platform (KTNET), agreements were signed on joint activities to promote Uzbek textile products in Korea in 2017-2018 through the electronic trading platform KOREA Trade and on providing services through representations of Uzbek companies in Korea for electronic customs clearance.

“Korean businessmen especially liked the dyed and melange yarn, terry and hosiery of the group of companies Uztex, Osborne Textile, as well as knitted and denim products of Uzbek brands Bofanda and Bonito,” Uzbek media reported quoting the press centre which covered the recent visit of Uzbek President Shavkat Mirziyoyev to South Korea.
Uzbekistan is likely to achieve full processing of cotton fibre in 2021.

The country, which annually grows about 3.5 million tons of raw cotton and produces 1.1 million tons of cotton fibre, has a target to bring internal processing of cotton fibre to 70 per cent by the end of this year.

The country plans to create 112 high-tech industrial factories, and expand, modernize and upgrade 20 operating ones. All this will increase the export potential of the industry up to $2.5 billion a year and create more than 25,000 jobs. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Indian textile value chain

'One nation, one tax' is a great concept

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Urmil Arya

Sushila International, a well established textile organisation established ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search