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


Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

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

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search