>>
Home / Knowledge / News / Textiles / T&G companies display exuberance & confidence – Experts

T&G companies display exuberance & confidence – Experts

19
Jun '09
At the Tenth Chinese Textile and Apparel Trade Exhibition held in New York recently, it was noticed that enterprises from the sector are dealing with major changes in global markets and are adopting a more mature approach in the grim global financial crisis.

Vice-President of China Textile Industry Association, Zhang Kai pointed out that from carrying out simple processing operations and doing just job working for overseas brands, the companies have moved on to designing their own products.

The R&D strength and brand awareness of Chinese enterprises are also growing. Chinese enterprises are also more quickly adjusting their production schedules and trade strategy and adapting changes brought about by the changed economic environment.

This exhibition has attracted some buyers from the United States and Canada. Many of them are old customers of Chinese companies, which goes to show the strong interest that Chinese textiles and apparels are still able to generate in the North American markets.

Some exhibitors, though admit that, the economic crisis has reduced their orders by over 30 percent, while increases in domestic raw material prices and labour costs has further suppressed their profit margins.

But many experts also believe that after this round of shuffle, due to the impact of the economic turmoil; the surviving enterprises will be healthier and more competitive, which will prove to be a very good thing in the long run for the sector.


Fibre2fashion News Desk - China


Must ReadView All

Pic: Simba3003 | Dreamstime.com

Textiles | On 8th Dec 2021

Euro area economy is recovering rapidly since Q2: IMF

Thanks to high vaccination levels and continued forceful policy...

Pic: Jurgita Juoniene | Dreamstime.com

Apparel/Garments | On 8th Dec 2021

VITAS foresees Vietnam’s apparel exports growth in 2021 & 2022

The Vietnam Textile & Apparel Association (VITAS) has forecast the...

Pic: Kanpisut Chaichalor | Dreamstime.com

Textiles | On 7th Dec 2021

China’s central bank cuts reserve requirement ratio to support economy

To support development of the economy, the People’s Bank of China...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Noemi Sanchez,

Noemi Sanchez

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

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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


December 2021

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


Advanced Search