Global news roundup
The following is a round-up of apparel and footwear news from the world's local media.
Youngone Corporation, the South Korea-based textile and footwear manufacturer, is planning to invest in Ethiopia's textile sector. The company's chairman, Kihak Sung, said the company is ready to engage in textile and apparel manufacturing in Ethiopia as quickly as possible. By producing finished goods in Ethiopia, South Korean companies can export them to the US and the EU without tariffs, which could give them a competitive advantage. RKS
The All-Pakistan Textile Mills Association (APTMA) has signed a Declaration of Intent (DoI) for a sustainable textile industry across the value chain with the German Ministry for Economic Cooperation (BMZ). APTMA Punjab acting chairman, Syed Ali Ahsan and GIZ country director Dr Ulrike Reviere signed the agreement on behalf of their respective organisations. A Sustainable Production Centre website has also been launched. BUSINESS RECORDER
Pakistan's federal minister for finance, Senator Mohammad Ishaq Dar, has said the incumbent government is committed to enhancing textile exports and will consider All Pakistan Textile Mills Association (APTMA) budget proposals for fiscal year 2016-17. Dar asaid all possible facilitation would be extended to the textile sector in the budget. DAILY TIMES
- An agreement has been signed between the Egyptian Textile Industries Council and the China National Textile and Apparel Council (CNTAC) to establish a textile zone in Egypt's Minya governorate. Around 1.2m square metres will be allocated to the zone, which is expected to boost Egypt's position in the garment sector. ZAWYA
- TUV SUD, one of the world's leading service providers in testing, inspection, audit and certification has signed a memorandum of understanding with the Ho Chi Minh City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets. Under the MoU, the two sides will co-organise quality and safety workshops and awareness programmes related to the textile and garment industry. TALK VIETNAM
The loss-making Malaysian-owned Global Apparels Limited garment factory in Phnom Penh will close by October of this year. The factory employs about 2,000 workers and primarily exports to the US, Europe and Japan, but a lack of orders means it does not have the financial resources to pay worker's short-term and long-term contracts beyond then. THE PHNOM PENH POST
just-style has not checked these stories so cannot guarantee their accuracy.
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