Fibre2Fashion
>>
Home / Knowledge / News / Textiles / Factories closure continues in PRD Region

Factories closure continues in PRD Region

24
Mar '08
According to Federation of Hong Kong Industries, 10% of nearly 70,000 factories in Pearl River Delta (PRD) region, owned by Hong Kong based enterprises, will stop production process this year.

Experts believe that, reasons for shut down are mainly rise in costs of production and strict rules which are forcing various factories to leave the region. As a result many cities in Pearl River delta region are facing widespread industrial restructuring.

According to the Federation, some manufacturers will close down their units permanently or will move either to Inland China or out of the country. This ratio of closure and shifting might be the highest in the past 20 years.

Last year alone, more than 1,000 shoe factories and suppliers in Guangdong stopped their production, who between them accounted for about 10 percent of total footwear manufacturers in the province.

According to the statistics, most footwear companies which closed in Guangdong were small scale units with investments of less than US $3 million.

Industry insiders feel that with so many production units closing down and moving from the region, it will hamper the economy.

Fibre2fashion News Desk - China

Must ReadView All

Pic: White House

Textiles | On 23rd May 2022

President Biden, 12 Indo-Pacific partners launch IPEF in Tokyo

US President Joe Biden along with a dozen initial partners—India,...

Pic: Shutterstock

Textiles | On 23rd May 2022

UK & Mexico begin negotiations on modern trade deal

UK and Mexico have launched negotiations on a new UK-Mexico Free...

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Amar Pawar & Raghavendra Pawar, Brand - Powerlook

Amar Pawar & Raghavendra Pawar
Brand - Powerlook

Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Search Companies

Search Companies

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor





(Max. 8000 char.)

Search Companies




SEARCH

Leave your Comments

ESTEEMED CLIENTS

Benetton Group
BTSR International S.P.A.
International Textile Manufacturers Federation
Jiangsu Yingyang Nonwoven Machinery Company Limited
Loris Bellini S.r.l.
KIABI
Maceton Limited
Saurer Textile Solutions Pvt. Ltd.
Mesdan SPA
Officina Meccanica Dora Enrico Srl
LC Waikiki
Target Corporation (MN)
UBM China (Shanghai)
Jindal Worldwide Limited
Savio Macchine Tessili S.P.A.
Lectra Technologies India Pvt Ltd.
Bluesign Technologies Ag
Taiwan Textile Federation (TTF)
Dow Silicones Corporation
Puma
Datacolor AG Europe
G-Star Raw C.V.
Landmark Group
Recron Polyester from Reliance Industries Limited
Itema Weaving (India) Private Limited
Huntsman (Singapore) Pte Ltd
G.A.S. unternehmenskommunikation gmbh
John Varvatos
Phong Phu international JSC (PPJ)
Lacoste (Wanchai)
TÜYAP IHTISAS FUARLARI A.S.
Zünd Systemtechnik AG
Alison Hayes Romania
JES MEDIA, INC
MAS Active / MAS Kreeda / MAS Bodyline
CSGIA(China Screen Printing & Graphic Imaging Association)
Messe Duesseldorf
Rosset ;& Cia Limited
Coats Digital Limited
Thermore (Far East) Ltd.
Etam Group Strategy Hong Kong Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Green Fibre
Arvind Limited
Permoda(Koaj/Armi/Pronto/Bkul)
IKEA of Sweden AB
Lenzing Aktiengesellschaft - India
Lenzing Aktiengesellschaft
Palexpo SA
Thai Trade Center
Varner AS Retail
Lottmann Communications
NV Michel Van de Wiele
Performance Days
The LYCRA Company Singapore Pte. Ltd
Guess Europe Sagl,
BRINKMANN GMBH
X-Rite Asia Pacific Limited (HK)
Messe Frankfurt Exhibition GmbH
COTTON COUNCIL INTERNATIONAL
Datatex Consulting Srl
Rayonese Textile Inc., Division de Culp Inc.
Under Armour Global Sourcing Ltd
H. Stoll AG & Company KG
Gloria Jeans
Kern – Liebers Textile
VNU Exhibitions Asia
GHCL LIMITED
Stahl Holdings B.V.,
Thai Acrylic Fibre Company Limited
Recron Polyester from Reliance Industries Limited
Nandan Denim Limited
IDH – The Sustainable Trade Initiative
Haelixa AG
DyStar India Pvt. Ltd
Amazon China
Reiter India Private Limited
Esprit Europe Services GmbH
K AND D ITMACH EXPOSITIONS LLP
Abit
Infor (Hong Kong) Limited
Mayer & Cie. GmbH & Co. KG
Groz-Beckert East Asia LLP
Shima Seiki Mfg. Ltd.
The LYCRA Company Singapore Pte. Ltd
KAS Direct Sourcing
Woolmark Services India Pvt. Ltd.
Vianney Textil Hogar S.A. De C.V.
Inter Expo Center Ltd.
FULGAR SpA
Decathlon
Marzoli Machines Textile s.r.l.
Meera Dyestuff Industries
Groz-Beckert KG
Italian Trade Commission
Seasalt Limited
Zydex Industries
ITMA Services Pte Ltd
BIANCA
IFF Media Ag - International Media Services
Nihalani Events Management
China World International Exhibition Company Limited
Eastman Chemical Company
Centric Software
TESCO INTERNATIONAL SOURCING LIMITED
EMBEE CORPORATION
Tuyap Tum Fuarcilik Yapim A.S.
IIGM Private Limited
GERBER TECHNOLOGY LTD.
Applied DNA Sciences Inc
PVH Corporation
Comasia Limited
Hela Clothing Pvt Ltd
Calvin Klein
Sportswear Company Spa
Lisa S.P.A.
Midas Clothing Limited
Equinox Impex India
Desigual - ABASIC, S.A.
Colours India Inc
Aquarelle Clothing Limited
The Top Form Brassiere Manufacturing Company Limited
Karl Mayer Textilmaschinenfabrik GmbH
Indo Tex
Sateri (Jiujiang) Fiber Co.,Ltd
Cat Tuong Real Estate Group Joint Stock Company
Tradewind International Servicing
FESPA (Reigate)
Lululemon Athletica Inc
Restoque S.A.
Gap International Sourcing Limited
Shanghai Aige Exhibition Service Co., Ltd
C;&A Sourcing International Ltd
Copenhagen Fashion Summit
USTER
Weitmann & Konrad GmbH & Co. KG
Grasim Industries Limited
Boardriders Asia Sourcing Limited
APLF Limited
CGS Inc.
Vardhman Textile Ltd
Aleph Srl
Flainox S.r.l.
Alix Partners
OVS Hong Kong Sourcing Ltd.
Page Industries Limited (Bangalore)
J ;& P Coats
Brandix Lanka Limited
TESTEX AG, Swiss Textile Testing Institute
Tory Burch Hong Kong Ltd
N9 World Technologies Private Limited
Gatsby Africa
Gokaldas Exports Limited
NITI Aayog
Babyshop
Kornit Digital Asia Pacific Ltd
Color Service s.r.l.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
EUROVET ASIA LTD
Sportmaster Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Newtech Textile Technology Development (Shanghai) Company Limited
EPCH
Eurofins BLC Leather Technology Centre Ltd
Tchibo GmbH
Asos
Brückner Trockentechnik GmbH & Co. KG
Hirdaramani International Export Private Limited
DuPont de Nemours, Inc.,
BIMBA ;& LOLA SL
GIOVANNI BOZZETTO S.p.A.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Truetzschler India Private Limited
Helly Hansen Far East Ltd
T.T. Limited
Aramark Uniform ;& Career Apparel, LLC
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
TEXVALLEY MARKET LIMITED
Istanbul Fuarcilik A.S.
THE BOMBAY DYEING ;& MFG.CO. LTD
BTC Textiles LLC
Lifestyle
International Sourcing Expo Australia
SHAHI Exports Pvt Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Rieter India Private Limited
ZAITEX spa
Chico’ FAS
Tommy Hilfiger
Xtema - Thomas Lebherz Textilmaschinen
Chori Company Limited
Bluestem Global Sourcing Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
Walmart
SYNERGIES HONG KONG LIMITED
Sainsbury's Argos Asia Limited
Pt. Peraga Nusantara Jaya Sakti
Splash

Recommended


May 2022

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


Knowledge

Fibre2Fashion has a diverse global readership, and delivers unique, authoritative and relevant content. Drawing on the expertise and credibility that we have built over the years and contextualising them with our in-depth research studies, we produce authentic news, articles, reports, interviews and interactive explainers through the F2F Magazine and compendiums, among others, which help readers stay abreast with the industry trends.
 
About | Privacy Policy | Terms of Use | Cookie Policy | Contact
We are on App
Copyright © 2022. All rights reserved by Fibre2Fashion Pvt. Ltd.
Woolmark
X
Advanced Search