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October 31, 2011

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.

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 riot over local government efforts to tax individual sewing machines in Zhejiang province, China, has endedand the tax collectors have been fired. Officials recently doubled the tax per machine to CNY600 form CNY300 a year, which triggered rioting in Zhili, a centre of China’s children’s clothing trade and manufacturing. SHANGHAI DAILY.

Vinatex has been granted an investment license to build a jacket plant costing VND153bn in the central province of Quang Ngai. The mill has a capacity of nearly 3m products per year is slated for construction within this month. VIETNAM NEWS BRIEF SERVICE.

Japanese trading house Itochu is teaming up with apparel firms to help farmers in north eastern Japan whose land was hit by the March tsunami. Some 40 companies will provide farmers with free cotton seed and buy the crop for textile production. NIKKEI REPORT.

Gokaldas Exports is set for new business contracts with Wal-Mart and niche European fashion houses who are looking to shift their sourcing requirements from China to other Asian markets. Wal-Mart is reportedly set to contract the Blackstone private-equiry controlled apparel exporter to a six million piece annual order. TIMES OF INDIA.

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