Latest Emerging Markets News
Tax cuts proposed for Indonesian textile and footwear companies
Indonesia’s Investment Coordinating Board (BKPM) has proposed income tax cuts to support the country’s textile and footwear industry.
Prolexus to construct new knitted fabric plant in Malaysia
Apparel producer Prolexus Group is to start construction of a new knitted fabric plant as a part of its plans to become a vertically integrated...
Lee clothing now sold in vending machines in Thailand
The Lee jeans brand is exploring new opportunities from foreign tourists and vending machines in Thailand.
Russia may formally ban Turkish textile products
Vadim Solovyov, deputy chairman of the Duma Committee on constitutional legislation and state construction and a member of the Communist Party, has written to Prime...
Lithuanian knitted fabric and clothing maker buys Swedish jersey factory
Lithuanian knitted fabric and clothing manufacturer Omniteksas has purchased the Eiser jersey factory in Sweden and expects the acquired brands will help solidify its foothold...
Belarusian wool textile manufacturer to get €5m for investment
Belarusian wool textile manufacturer Kamvol is to receive €5m for upgrading its current assets.
Yumco signs contracts with Serbian army and British company Flexitog
The Serbian army has signed another contract with Vranje-based clothing producer Yumco worth RSD213m (US$1.
Textile production in Kyrgyzstan on verge of crisis
The volume of textile production in Kyrgyzstan may have decline tenfold last year compared with 2013-14 owing to the current financial crisis in the country,...
Cambodia's exports not affected by higher wages
Despite industry concerns that a minimum wage increase to US$128 a month decided earlier this year would hurt Cambodia’s apparel exports, the clothing and footwear...
Aditya Birla completes viscose production expansion in Indonesia
India-based Aditya Birla Group has completed a 65,000 tonnes/year expansion at its viscose staple plant in Purwakarta, West Java, Indonesia.