Category: Emerging Markets

COA

Philippine audit commission voids textile firms’ tax credits

The Commission on Audit has invalidated almost PHP1.

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Sewing factory for anti-allergy bedcovers in Bulgaria

Germany’s Allergo Healthcare, which produces anti-allergy bedcovers, is building a sewing factory in Pleven, with the recently registered Bulgarian company AllergoTex Medical Textile already hiring...

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Baltic retail

Estonia's Tallink Grupp sells onshore fashion retail business

Estonian shipping company Tallink Grupp has announced an agreement to sell its onshore fashion retail business Baltic Retail to Talwest Grupp.

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NTU3

Singapore scientists develop chain mail fabric that stiffens on demand

Scientists from Nanyang Technological University in Singapore and the California Institute of Technology have developed a fabric-like material “chain mail” material that is flexible like...

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Nakhon Sawan Biocomplex

Authorisation for Ingeo PLA manufacturing plant in Thailand

NatureWorks, a manufacturer of low-carbon polylactic acid biopolymers made from renewable resources, has obtained authorisation from parent companies GC International, a subsidiary of PTT Global...

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More than 30% of Vietnam’s textile and clothing operations on hold

The proportion of textile and clothing factories that have closed owing to the coronavirus (Covid-19) pandemic has reached 30–35%, according to the Vietnam Textile and...

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India recommends anti-dumping duty on Indonesian polyester yarn

India’s Directorate General of Trade Remedies has recommended the imposition of anti-dumping duty on polyester yarn from China, Indonesia and Vietnam for five years.

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Kyrgyz apparel factory expands with USAID help

The Sedep Apparel Factory in Tengi village of Kyrgyzstan’s Jalal-Abad region has opened a new workshop with support from the US Agency for International Development.

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12 storeez

Baring Vostok buys shares in Russian fashion brand

Baring Vostok, an investment firm having shares in the Russian low-priced Familia chain, has purchased a 12% stake in women’s clothing brand 12 Storeez.

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Investment fund acquires controlling stake in Latvian glass fibre producer

The Preiss-Daimler Group has sold a majority share of Latvian glass fibre producer Valmieras Stikla Šķiedra (Valmiera Glass) for €11m to Luxembourg-based Duke I, a...

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Solidarity Center to support Cambodian garment workers

Cambodia’s Ministry of Labour and Vocational Training has signed an agreement with the US-based Solidarity Center, which will focus on protecting workers’ rights in sectors...

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sonati

Investment in Armenian home textiles manufacturer

International investment fund Gazelle Finance has invested in Armenian high-end home textiles manufacturer Sonati, which is opening stores in countries such as the US and...

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IMG 2021g

Russian nonwovens producer to expand range

Hexa-Nonwovens, one of Russia’s largest producers of spunbond nonwovens, is planning to increase output and expand its range of products.

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Wool yarns hand-dyed in Bulgaria

The Five Yarns brand was created by Daria Gutnik in 2016 to sell hand-dyed knitting yarns in various combinations, with an online store on the...

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Malaysian clothing makers report losses as Covid-19 shuts operations

The Federation of Malaysian Fashion, Textiles and Apparel said the industry had incurred an estimated MYR163m (US$39m) loss a day in 2020 as operations were...

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Fashion brands fail to address pandemic-era wage ‘theft’ in Cambodia

Cambodian clothing workers producing goods for international fashion and sportswear brands, such as Adidas, VF, Target, Nike and Gap, were deprived of an estimated US$109m...

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