Latest Emerging Markets News

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Chinese producer to set up clothing factory in Phnom Penh

Ruixue (Cambodia), a subsidiary of the China-based Ruixue Group, has received approval from the Council for the Development of Cambodia for setting up a new...

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Bulgarian sock maker seeks investment for product expansion

Founded 10 years ago by brothers Hristo and Dimo Petkovi, Stinky Socks produces up to 60,000 pairs of socks a year, which are sold in...

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Funding access will remain challenging for Indonesian textile industry

Negative sentiment on the part of both lenders and investors is likely to linger in the medium term for Indonesian textile producers such as Sri...

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Vietnamese fashion brands struggle to compete in domestic market

A recent report on the local fashion market by the Vietnam Industry Research and Consultancy (VIRAC) found that Vietnamese fashion brands are losing out in...

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Russian textile industry facing shortage of workers

The Russian textile sector is facing a shortage of workers this year, despite an improvement regarding the coronavirus (Covid-19) pandemic country and an increase in...

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Danish clothing brand poised to resume sourcing in Myanmar

Denmark-based Bestseller should resume sourcing from Myanmar “as quickly as possible”, as the exit of international companies threatens to cause widespread poverty and famine, according...

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Supervisory board chairman raises stake in Croatian textile maker

Croatian textile producer Cateks said the chairman of its supervisory board, Matija Bilandzija, has raised his stake in the company’s capital to 3.

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India removes antidumping duties for Vietnamese fibres

India has decided to not impose antidumping duties on some viscose spun yarn products imported from Vietnam, according to the Ministry of Industry and Trade’s...

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Yarn shortage looming in Uzbekistan

Uzbekistan is facing a shortage of yarn this year, which is creating difficulties for the country’s textile manufacturers.

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Romanian recycler turning PET bottles into sustainable polyester fibre

Romania-based recycler and producer Green Fiber, part of the Green Group, says it is now transforming more than 2bn polyethylene terephthalate bottles each year into...

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