Archive: 2011

Thai clothing manufacturers move to cheaper Vietnam

Rising local production costs have pushed five major Thai clothing manufacturers to re­locate to Vietnam, transferring combined investments worth around THB1. 5bn (US $50m).

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Zoltek restructures carbon fibres business

Zoltek has restructured its carbon fibre business into three units focusing on wind energy, composite intermediates, and technical fibres.

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Further sales decline for Lantal Textiles

In 2010 Lantal Textiles’ consolidated sales declined to CHF82m from CHF86m a year ago.

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Rieter Automotive to become Autoneum

Shareholders of Switzerland’s Rieter Group have approved a proposal to separate its Textile Systems and Automotive Systems divisions into two distinct listed companies with independent…

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Ukraine’s light industry asks for government support

Light industry enterprises in Ukraine have decided to ask the government and the national parliament for protection and support.

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Solving Russia’s cotton fibre shortage problem this year

The Russian government is considering implementing a number of measures to address the projected shortage of cotton in the country this year.

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Tajik industry boosted by US $30m cotton spinning mill

Plans to rebuild Tajikistan’s cotton industry have taken a step forward after a new US $30m modern spinning mill, funded by the Eurasian Development Bank…

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