Huntsman Textile Effects and ICI Pakistan are joining forces in a strategic collaboration to distribute Huntsman textile dyes, chemicals, digital inks and services in Pakistan.
The initiative will make use of ICI Pakistan’s extensive and well established local network of customers and suppliers.
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The textile sector accounts for around 57% of Pakistan’s exports and 40% of the industrial workforce, but rising costs and tougher global competition are becoming increasing challenges for the industry as a whole.
“Sharing a common vision of a stronger textile sector in Pakistan, Huntsman Textile Effects and ICI Pakistan are combining our resources to respond to this important market with greater speed, more flexibility and a higher standard of service,” says Chuck Hirsch, vice president, commercial and technical resources, Huntsman Textile Effects.
“Together, we are in an even stronger position to support customers here and help them produce higher-value products from a cleaner and more modern supply chain.”
“As two customer-centric organisations with a passion for innovation, we are set to deliver enduring value for the textile sector by supporting local companies to capture global emerging opportunities,” adds Arshaduddin Ahmed, vice president chemicals & agri sciences business, ICI Pakistan Ltd.
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By GlobalDataPakistan’s readymade garment and textile exports saw growth of 11% and nearly 9%, respectively, in the last fiscal year, but business is hampered by safety/security issues and the sector faces mounting pressure from Asian competitors.
According to an overview of Pakistan on re:source, the new online strategic planning tool from the team behind just-style, the country is the world’s fourth-largest cotton producer, one of the world’s largest cotton users, and the sixth largest textile exporter.
Its current Textile Policy, which runs from 2015-2019, aims to double textile and clothing exports to US$26bn by 2019.
