Global news roundup
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
- A minimum wage deal has been reached that sets the sectoral minimum wage in Jakarta at 5-30% higher than the standard minimum wage, which is IDR1.52m ($167.20) per month. The textile, clothing, and leather sector is one of ten sectors that have agreed to the new wage. JAKARTA GLOBE
- China plans to raise the industrial added value of its textile sector by 8% annually during the 2011-2015 period, according to the 12th five-year plan for the textile sector. Details released last week by the Ministry of Industry and Information Technology (MIIT) see the sector's exports reaching US$300bn by 2015.
- Sluggish growth of 5% is predicted for Indonesia's textile shipments this year, as demand slows from the US and EU, the country's traditional export markets. The forecast is much lower than the annual average growth of 20% in the recent years, and is likely to see exports rise to US$13.7bn from US$13.1bn last year. Meanwhile, recent investment has seen the country's production capacity increase. ANTARA
- French lingerie maker Lejaby has halted activity at its site in Yssingeaux, south-central France, on orders from the commercial court in Lyon. The move follows the approval last week of a takeover by a consortium led by Alain Prost, the former CEO of Italy's La Perla and previously managing director of French lingerie brand Chantelle. The Yssingeaux site was not part of the acquisition plan. LES ECHOS
- Turkish textile producers have seen orders rise by 20% as a weaker lira makes prices more attractive and the crisis in Europe makes brands wary of ordering large quantities of goods from Asia. According to the president of the Turkish Clothing Industrialists' Association, the 12 biggest clothing brands with offices in Turkey will place $5bn of orders with Turkish producers this year. SABAH
- Bangladesh is to develop garment villages across the country as part of a government initiative to expand the ready-made garment sector. The commerce minister made the announcement at the opening of the Bangladesh Garment Manufacturers and Exporters Association's annual apparel fabric and accessories exposition. XINHUA
- Portugal's footwear industry had a record year in 2011, according to industry group APICCAPS, as innovative products helped lift exports by 17%. Sales in the nine months to September 2011 were EUR1.23bn ($1.6bn), nearly as high as the whole of 2010. AFP
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