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 Vietnam National Textile and Garment Group (Vinatex) has taken over the loss-making Dai Cat Tuong Garment Co in the central province of Quang Ngai and plans to restructure the company. Vinatex intends to invest over VND50bn in the firm, upgrading factories, buying new machines and creating 3,000 jobs when it is due to resume production next year. SAIGON TIMES
- Bangladesh’s cotton production stood at 80,000 bales in the 2010-11 season, falling far short of the 4.1m bales local producers are set to use. As a result local cotton growers will meet just 3-5% of annual demand with the rest met through imports. The Cotton Development Board is planning to increase the cotton production target to 120,000 bales in the next season. ASIA PULSE
- Cambodia is set for a 30% increase in garment exports this year according to the Garment Manufacturers Association in Cambodia (GMAC). The sector, which depends on foreign buyers, is seeing a rise in orders in line with the recovery of the global economy. Cambodia’s garment exports totalled US$2.99bn in 2010, a 26% increase on the $2.38bn achieved in 2009, GMAC said. PHNOM PENH POST
- South Africa’s second largest clothing manufacturer, Kingsgate Clothing Group, is looking to open a factory in Swaziland which would employ around 1,000 people. The company says it is currently in talks with the ministry of commerce, trade and industry as well as the Swaziland Investment Promotion Authority (SIPA) and Swaziland Industrial Development Corporation (SIDC). SWAZI OBSERVER
- Textile firms from South Korea, Taiwan and China are taking advantage of Indonesia’s low labour costs by making investments in the country with the aim of exporting back to their domestic markets. Increased investment in the sector could create jobs for between 100,000 and 200,000 workers this year, according to the Indonesian Textile Association (API). ANTARA