Home / Knowledge / News / Textiles / Lucrative spandex industry attracts many investors
Lucrative spandex industry attracts many investors
27
Mar '08
Spandex industry saw a record production last year, and observing a balance between cost of production and profit margin, lot many entrepreneurs decided to invest in this sector and expand the output capacity.

Although towards the end of 2007, prices of spandex products dropped due to several factors, yet the industry made good profits when compared with other sectors.

In 2007, China came up with a series of policies that affected spandex industrial chain to some extent. Experts consider that implementation of these policies might have an adverse effect on the spandex industry, in the present year.

Because of high environment alerts, factories consuming high-energy and releasing poisonous chemicals, have been under strict observation and due to this, many dyeing and finishing enterprises were forced to close down.

The execution of revised labor law this year will undoubtedly increase production costs of fabric plants and garment factories, especially export-oriented manufacturers.

Since the implementation of new export tax rebate policy from July last year, profits margins of garment factories have reduced significantly. Although garment factories hope to increase product prices to maintain their profits, they have received very less positive response from international buyers.

In the midst of so much confusion, spandex producing enterprises are anticipating a rise in demand this year. The income of consumer is growing so their purchasing capacity will automatically increase. Secondly, the country is hosting Olympic Games, which may create opportunities for higher sale of Spandex.

Fibre2fashion News Desk - China


Must ReadView All

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mark Brill
Birmingham City University (BCU)

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

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

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


August 2018

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

news category


Related Categories:

Advanced Search