Archive: 2015

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Greek companies to open branches in Bulgaria

With the difficult financial situation in Greece, many Greek businesses are looking for a way to circumvent banking restrictions and rising taxes.

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Bosnian fashion brand starts expansion to the Swedish market

Bosnian men’s fashion brand Granoff has started expanding to foreign markets, mainly in Western Europe, particularly the Swedish market, according to company founder and owner...

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D&Y Group to invest US$100m for factory expansion in Malaysia

China-based textile manufacturer Shandong Daiyin Textile & Garment Group (D&Y Group) will invest about US$100m to expand its spinning facility in Sedenak, Johor, by the...

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Gap and H&M support labour law reform in Myanmar

Retail fashion giants Gap and H&M have come out in support of proposals to reform the labour law in Myanmar.

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New facility helps put Philippine tropical fabrics in mainstream market

The Philippine Textile Research Institute of the Department of Science and Technology is hoping to push tropical fabrics, such as those made from piña and...

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Indonesian textile producers face weak sales and higher costs

Indonesian textile producers are urging the government to take swift action to help the industry survive amid weak sales and rising production costs, otherwise they...

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Buyers to take over assets of Hungarian clothing manufacturer

A foreign and a Hungarian strategic investor, along with the local council of Szombathely, in western Hungary, will assume ownership of the assets of clothing...

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Kalinel to invest in new production base in Troyan

Kalinel, a supplier of home textiles for IKEA stores worldwide, will invest BGN6m (US$3. 4m) in a new production base in Troyan, Bulgaria.

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Turkish textile group to invest in Georgia

Turkish textile producer Kaya Group is setting up a textile project in Georgia and will export products produced in the plant to EU countries.

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Slam Clothing to invest US$1m in clothing plant in Vidin

Slam Clothing plans to invest BGN2m (US$1. 12m) in a clothing plant in Vidin, north-western Bulgaria, according to district governor Momchil Stankov.

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