Spanish textile sector loses 1,052 industries last year

31 Aug '13

2 min read

The textile and clothing sector in Spain has lost 1,052 companies in 2012, according to the data from the National Statistics Institute (INE).

Of this, the textile sector lost 294 companies in 2012, which is 4.6 percent of the total, while the clothing sector lost 758 companies or 7.8 percent of the whole, the data shows, modaes.es reported.

The closure of companies in the textile and apparel sectors is more than the 1.7 percent of company closures seen in the Spanish economy as a whole during the year.

The garment industry had 8,952 active companies as on January 1, 2013, whereas there were 6,143 active companies in the textile sector.

The data showed that 47.7 percent of clothing industries did not have any employees, and 38.4 percent of textile industries were without any employee.

There were 16 apparel firms and 8 textile firms, as on January 1, 2013, that had more than 200 employees.

Among the garment sub-sectors, 10.2 percent of companies engaged in manufacturing of articles of fur disappeared during the year, followed by 8 percent of knitwear companies, and 7.7 percent of companies manufacturing other apparel.

Similarly, in the textile sector, 5.3 percent of spinning industries, 4.6 percent of industries in textile finishing and manufacturing of other textiles, and 3.7 percent of companies in manufacturing of fabrics were shutdown during the year to January 1, 2013.

Fibre2fashion News Desk - India

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