Home / Knowledge / News / Apparel/Garments / Myanmar garment units face closure due to rising costs

Myanmar garment units face closure due to rising costs

31
Jul '18
Myanmar garment units face closure due to rising costs
Fourteen factories, mostly garment units, in Yangon’s industrial zones may shut down in the next two months due to rising cost of land and staff. The closure may leave over 3,000 without jobs, according to Daw Sandar Min, regional representative in Yangon and chair of the finance, planning and economic affair committee under the Yangon regional legislature.

Rising production costs, particularly wages, is the primary reason behind garment manufacturers are giving up, a top Myanmarese English-language daily quoted U Myint Soe, chair of Myanmar Garment Manufacturers Association, as saying.

Earlier this year, the National Committee for the Minimum Wage raised the country’s daily minimum wage by about 30 per cent despite objections from both labour organisations and employers.

Daw Khine Zar Aung, chair of the Industrial Workers Federation of Myanmar (IWFM), said some manufacturers have been forced to move out of the industrial zones because of rising land leases.

Seduno (Myanmar) Fashion Company, run by a Chinese investor, closed its factory earlier this month citing low production, the inability to export in time, rising land and factory rentals and higher minimum wages as the main reasons. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Odisha to set up three textile parks

Textiles | On 17th Nov 2018

Odisha to set up three textile parks

Around 17 firms have expressed interest to invest to the tune of ₹589 ...

Interviews View All

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Rikesh Mistry,

Rikesh Mistry

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

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


November 2018

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

news category


Related Categories:

Advanced Search