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Vigorous global competition challenge for EU textile firms
26
Aug '16
Vigorous global competition is among the main challenges for the textile and clothing manufacturing companies in Europe. European entrepreneurs are taking substantial measures to keep production in Europe and remain competitive, with innovation becoming business models and opting for advanced know-how in production processes.

Speaking about challenges facing the European textile and garment manufacturers and how Euratex is helping them doing to overcome them, Serge Piolat, president at Euratex said, “The European textile and clothing industry is a highly technological and innovative sector, which is unfortunately, not yet reflected in the overall image of our sector.”

Sustainability has become the motto for European businesses. Their products are manufactured with respect to the environment, consumer safety and labour standards. Euratex is taking significant efforts to boost communication about the excellence of European products and their innovation and responsiveness to social and environmental challenges,” he told Fibre2fashion.

The European textile and apparel manufacturing is a dynamic high-tech industry that makes considerable contribution to many sectors - automotive, medical, aerospace, building, protective equipment and others and is an essential pillar of the local economy across the EU.

There are 174,000 textile and clothing production companies, mainly SMEs, ensuring 1.7 million jobs. In 2015, its enterprises reached a turnover of more than €169 billion. The EU is the second-largest world exporter of textiles and clothing after China, with more than 28 per cent of sales outside Europe.

Click here to read whole interview.
 

Fibre2Fashion News Desk – India


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