TMAS set to expand in Vietnam textiles industry

Tran Phuoc Thanh, business development representative for TMAS in Vietnam, has also gathered insights into the industry and undergone training in Sweden, from the Swedish textile machinery makers and their customers.

"TMAS is positioned for long-term in Vietnam. The country is emerging as the new global production centre of textile products. We want to be part of this exciting growth and expansion. We believe we have a lot to offer in terms of our knowledge, expertise and innovative technology," said Mikael Äremann, president, TMAS.

The textile industry is growing dramatically and Vietnam has been identified as a hub for the Asian textile industry in the next decade. The main reason for this is the increasing cost levels in China, causing many textile and garment brands to relocate in Vietnam. In fact, TMAS companies in Sweden have already started realising a notable increase in demand for their products and services

"TMAS companies are the perfect match for the Vietnamese textile industry. We are a relatively small, tight-knit group of companies, each specialising in a different key area along the manufacturing process. Our size allows us to be flexible. We work closely with our customers, we listen and adapt quickly to their changing needs as and when they respond to market demands," emphasized Therese Premler-Andersson, secretary general, TMAS.

It has been estimated production in the Vietnamese textile and clothing industry will increase by an average of 12-14 per cent between 2016-2020. Export is also expected to reach $50 billion by 2020, rising from $28 billion in 2016, a company press release said.

“TMAS is reflective of Sweden’s reputation for reliability, quality and world leading technology. R&D is important and TMAS companies have a solid track record for ensuring their customers achieve long-term profitability and growth. Building smart, sustainable solutions is in our DNA, and we will definitely meet the drive for innovation in Vietnam,” added Andersson.

"I look forward to enabling TMAS to be a key driver of success for Vietnam, and through Vietnam to the region, and the world," Thanh concluded.

Fibre2Fashion News Desk – India