News Tags

Related Keywords: 5 percent this year, annual Cambodia Textile Summit, Cambodia, compared with 7 percent last year, cost of doing business, Garment Manufacturers Association Cambodia, increase productivity, loosing competitive advantage, low-cost destination, minimum wage hike, remain competitive in foot loose industry, see a slower percentage of growth

Cambodia likely to see a slower percentage of growth, at around 5 percent this year compared with 7 percent in 2016, Ken Loo, secretary-general of the Garment Manufacturers Association in Cambodia said at the annual Cambodia Textile Summit.

According to data from the Customs Department, Cambodia exported $7.3 billion worth of apparel and footwear products in 2016. The sector accounts for more than 70 percent of the country’s total exports with the vast majority of its products destined for the EU, US and Canada.

Related Keywords: advised to fully tap opportunities, effectively manage personnel, fourth industrial revolution, increase productivity, overcome challenges, quantitative production, reach sudden development speed, reduce production cost, smart production, sustainable development, using intensive labor, Vietnam textile and garment sector, workshop held by VITAS

The 4th industrial revolution is predicted to reach a sudden development speed in the time ahead. Therefore, industries in Vietnam like the textile and garment sector using intensive labor are advised to fully tap opportunities and overcome challenges brought by the revolution. A workshop was held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 13 yesterday to discuss smart production towards sustainable development for the textile and garment industry.

Related Keywords: being relinquished by China, entitled Stitched to riches, help firms grow in size, increase productivity, India focus on cotton, India losing out in global apparel market, Indonesia and Vietnam, less complex labour policies, need to reduce duties on import of MMF, textile and apparel sector, to Cambodia, TPP, World Bank report launched

India is losing out in the race for a greater share in the global apparel market to countries such as Cambodia, Indonesia and Vietnam being relinquished by China. It needs to reduce duties on import of manmade fibre and increase productivity by helping firms grow in size with less complex labour policies, according to World Bank report entitled entitled ‘Stitches to riches? — apparel employment, trade and economic development in South Asia’ on Thursday.

Related Keywords: equipped with improved process intelligence, great energy efficiency, increase productivity, leading textile industry group, new Autoconer 6, Saurer, with powerful features

Saurer, a leading textile industry group mainly specializing in machinery and components for yarn processing this time has come up with new Autoconer 6 with some powerful features such as a noticeable increase in productivity and great energy efficiency, raising the bar for high-yield efficiency in the winding process and equipped with improved process intelligence, according to the manufacturer.