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Related Keywords: amid bleak global economic conditions, European Union and Japan fell, first half of this year, Indonesian Textile Association, Indonesian textile exports, key markets have declined, many countries reduced imports of textiles, shipments to the USA

Indonesian textile exports to key markets have declined as many countries have reduced imports of textiles in the first half of 2017 amid bleak global economic conditions. Shipments to the USA fell 3.6 percent (y/y), to the European Union by 4.0 percent (y/y), and to Japan by nearly 5 percent (y) in the January-June 2017 period.

Related Keywords: Everest Textile Co, fabric manufacturing process, first half of this year, for its new factories, increase sales contribution from garments, quite labor intensive, scheduled to start operations, seeking overseas sites, supply knitted fabrics and garments, two new plants in Ethiopia and the US, vertically integrated textile manufacturers

Everest Textile Co, vertically integrated textile manufacturers have been seeking overseas sites for its new factories, as the fabric manufacturing process is quite labor intensive has scheduled to start operations at its two new plants in Ethiopia and the US in the first half of this year.

The plant in Ethiopia is to manufacture garments for the company’s brand name customers from Europe, while the US facility is to supply knitted fabrics and garments to customers in the US, the firm said.