Home / Knowledge / News / Textiles / Vigorous global competition challenge for EU textile firms
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


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Md Hanifur Rahman
Aman Group

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search