Fountain Set (Holdings) Limited

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US/AUSTRALIA: Cotton Leads attracts 200 partners Richard Woodard | 24 Jul 14

The Cotton Leads responsible growing programme has attracted more than 200 partners across the global cotton supply chain since it was launched in October last year.

CHINA: Fountain Set swings to a FY loss Petah Marian | 15 Apr 13

Knitted fabric and garment maker Fountain Set swung to a loss over the 16 months ended 31 December amid "one of the more difficult years for the textile and apparel industry and the group."

HONG KONG: Fountain Set sells 34% stake to Chinatex Leonie Barrie | 10 Apr 12

Hong Kong listed knitted fabric manufacturer Fountain Set (Holdings) Ltd is selling a 34% stake in its business to China's state-owned cotton trader Chinatex Corp for HKD511.3m (US$65.8m).

HONG KONG: Fountain Set delays fabric mill as sales slump | 2 Jun 09

Knitted fabric and garment maker Fountain Set (Holdings) Limited has delayed the completion of its new Yancheng fabric mill, citing weak demand from retailers and brands in the US and Europe.

Chinese suppliers struggle with US slowdown | 7 May 08

A huge number of Chinese manufacturers are worried about the US retail downturn – even though the country accounts for less than a fifth of China’s apparel sales. One reason is that their businesses were set up to exploit the US’ relatively large orders, believes Mike Flanagan, and that learning to adapt to non-US markets is one of the biggest challenges facing Chinese suppliers today.

HONG KONG: New group promotes sustainable fashion business | 25 Apr 08

A group of leading Hong Kong textile and apparel companies this week launched the ‘Sustainable Fashion Business Consortium’ (SFBC) to help the industry minimise its impact on the environment.

ANALYSIS: Will safety scares hurt ‘Made in China’ label? | 11 Sep 07

Worries about Chinese product safety standards spread to the apparel industry last month, when dangerous levels of contamination were found in children’s bibs and pyjamas. There’s a strong possibility consumers will now pause a little longer over the ‘Made in China’ label and, Mike Flanagan argues, this offers new opportunities to China’s manufacturing competitors.

Sri Lankan apparel giants make moves into India | 29 May 07

Sri Lanka’s two largest textile and apparel companies – MAS Holdings and Brandix Lanka – are in the process of setting up textile and apparel parks in India. The moves are part of a long-term strategy that will see Sri Lanka become a regional sourcing hub and India the main production base. And they are inviting key textile and apparel companies from around the world to join them, as Niki Tait explains.

HONG KONG: Fountain Set H1 profit drops on trade restrictions | 22 May 07

Trade restrictions on Chinese textile and clothing exports to the US and EU contributed to a 20.6% drop in interim profit at yarn, fabric and garment maker Fountain Set (Holdings) Limited.

INDIA: Sri Lankan firms to set up $20m weft-knit fabric plant | 10 Apr 07

Sri Lanka’s largest garment exporter, Brandix, and the island’s largest producer of weft-knit fabric, Ocean Lanka, have joined forces to set up one of the region’s largest weft-knit fabric manufacturing plants.

SRI LANKA: Ocean Lanka gets Fairtrade certification | 22 Feb 07

Ocean Lanka, Sri Lanka largest manufacturer of weft knit fabric, has become the first Sri Lankan company to qualify for Fairtrade accreditation from certification body FLO-Cert GmbH.

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