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.
- Vietnam province Binh Dinh has decided to withdraw a license of a US$4.8m project invested by South Korea’s JWD Industries because of slow implementation. The firm received a license to build a garment plant in January 2010 but it has not yet started the project, although investors wanted the plant in operation in January 2011. VIETNAM NEWS BRIEF SERVICE
- South African-based textile firms have been looking to relocate to Swaziland in a bid to avoid complying with the minimum wage of US$47 (ZAR324). Other reasons cited by some of the companies are that the country has preferential market access to the US as well as expanding their operations from South Africa. BUSINESS REPORT
- Lesotho is considering investments from textile companies that are threatening to close down factories in South Africa because of an increase minimum wage. Last year, some Chinese and Taiwanese-owned factories at Newcastle in South Africa’s KwaZulu-Natal province, temporarily halted operations during a dispute over minimum wages. BLOOMBERG
- Fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products. The company is currently unable to provide their customers with enough fibre. Lenzing said it will invest EUR1.5bn in its facilities until 2015 to increase its annual output from the current 710,000 tons to 1m tons. AUSTRIA TODAY
- Footwear exports in Bangladesh rose 48% to US$197m in the first eight months of the current fiscal year from July-February. THEDAILYSTAR.NET
