UK: Silk Industries' Hopes For The Euro
Silk Industries is pinning its hopes on seeing a converging of sterling and the Euro towards a more equitable rate. Shareholders heard at the recent annual general meeting that exports account for half of the group's turnover. A spokesman said: "... we hope that, whatever agenda unfolds for joining the Euro, we soon see a converging of sterling and the Euro towards a more equitable rate." The company said that current trading is strong in the group as it now stands in Sudbury, Crayford and Macclesfield. The loss-making Paul Costelloe business is now out of the way, said Silk Industries, and it is now looking at "blue skies". The company has announced it is investing in electronic jacquards, networked loom controllers, and advanced warp preparation equipment to improve design diversity and lead times.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- "Power of the many" drives change at Otto Group
- US Q4 in brief – Chico's FAS, TJX Companies
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- VF Corp sees Q4 and FY earnings tumble
- $136m funding for Made in NY garment-making hub
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar