Latest Emerging Markets News

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New Mayer & Cie factory building opened in Czech Republic

Albstadt, Germany-based Mayer & Cie has opened its Czech subsidiary’s new factory hall in Vsetín.

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Latvian fibreglass maker sells stake in US subsidiary

Latvian fibreglass maker Valmieras Stikla Skiedra has signed an agreement with parent company P-D Management Industries-Technologies for the sale of a 33% stake in Valmiera...

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Large Turkish investors operating in Georgia's apparel sector

Clothing exports from Georgia fell by 13. 1% to US$77. 5m in 2015, the first year-on-year decline since 2011. Apparel imports decreased by 18.

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Azerbaijan hopes for revival of cotton sector

In the midst of economic problems, Azerbaijan President Ilham Aliyev (pictured) has pinned hopes on a revival of the cotton sector to bring the country’s...

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Katex stops production in Bulgaria and starts layoffs

One of the oldest textile factories in Bulgaria is to discontinue production and has started a layoff procedure.

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Korean joint venture to build 200-hectare garment zone in Myanmar

Myanmar-based investment group Olympus Asia has teamed up with South Korean clothing maker Panko with plans to build a 200-hectare garment zone in Myanmar through...

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Cambodian clothing factories to invest in automation

Investors in Cambodia’s clothing industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the global market and...

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D&Y Textile targets export sales of MYR1bn

D&Y Textile (Malaysia), a subsidiary of the China-based Shandong Daiyin Textile & Garment Group, is aiming for export sales of MYR1bn (US$246m) in the 2019...

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New Myanmar textile association formed

The Myanmar Textile Manufacturers Association has been launched by the country's Ministry of Industry, following years of discussion about creating an upstream producers body.

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High hopes for Thailand's fashion industry products

The export value of Thai fashion products is expected to reach THB1trn (US$29bn) a year within the next five years as the country is on...

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