On 24 April 2013 Adidas and Indonesia Coordinating Committee of PT Kizone Workers and their union, DPC SPTSK-SPSI, announced an agreement potentially ending a 2 year long dispute. The company and the union agreed not to disclose the details of the deal, however according to the preliminary reports the company agreed on severance pay for 2,700 workers who remain without jobs following the closure of PT Kizone apparel factory in April 2011. The factory faced economic problems late in 2010 and

More than 2,000 workers at the Hung Wah I garment factory protested outside the Por Sen Chey plant over allegations the company had refused to pay seniority bonuses to outgoing workers. Touch Sar, the Free Trade Union president at Hung Wah I, said yester-day earlier negotiations between the union and the company, which had been co-ordinated by the Social Affairs Ministry, had proved fruitless. “We protest to demand only one point: money for finishing the contract. We demanded $150 a year f

The apparel industry is upbeat on talks for a free-trade agreement (FTA) between India and the European Union (EU). Reeling under competition from Bangladesh and China, the industry believes the FTA would give it price parity with its competitors and raise exports to Europe by 30-40 per cent. Currently, Indian apparel exporters have to pay an 11 per cent duty to sell their products in EU; India charges 30 per cent import duty on garments from EU. If the EU FTA materialises, both regions would d

Branded apparel manufacturer HanesBrands has reported first-quarter 2013 net sales, operating profit and diluted earnings per share consistent with the high end of estimated preliminary results announced on 4thApril. While net sales for the first quarter were hampered by a sluggish retail environment, the company’s operating profit margin expanded 790 basis points over the year-ago quarter, benefitting from an improved cotton-cost and product-pricing environment and the company’s Innovate-to-Ele

Online fashion retailer Asos has announced that its international director Jon Kamaluddin is to stand down from his role after nine years. Kamaluddin, who joined Asos in 2004, will be stepping down from the Board in October this year; however he will remain with the e-tailer until December to ensure a “smooth handover”. The search for his successor is currently underway. Since Kamaluddin moved up to international director in 2009, Asos has seen its overseas sales grow to 59 percent of its over

The Ministry of Industry and Trade forecast that textile and garments would become the nation's top exports this year if the sector maintains the 19 per cent growth rate achieved in the first quarter. Dang Phuong Dung, deputy chairperson of the Viet Nam Textile and Garment Association, said total export turnover of the industry reached US$ 4.2 billion and there are many good points of a recovery for the industry. Le Tien Truong, deputy chairman of the Viet Nam Textile and Garment Group, s

Indorama Industries Ltd, manufacturers of spandex yarns in India, on Wednesday announced doubling its INVIYA? spandex yarn production to 10000 tons by the 2014 end. After an investment of Rs 400 crores in early FY 2012-13, the company has now accelerated their expansion in order to meet India's growing demand for Spandex yarns. Indorama Corporation Ltd., a $10 billion company, commenced production of spandex yarns in India in March 2012 at their plant in Baddi (Himachal Pradesh). Being the onl

Srinagar, Apr 24: In a major jolt to already beleaguered Pashmina industry in Kashmir, the death of more than 20,000 Changra goats in Ladakh’s Changthang area has caused severe shortage of wool. The artisans said the shortage has pushed up the rates of Pashmina wool impacting severely their daily earnings. “The rates have increased manifold. The dealers are attributing the price hike to death of goats in Leh which has created shortage of Pashmina wool in the market. But we are actual suf

Save as PDF Add to Reading List Shahid Rajaie Port in Hormuzgan province will become the biggest cotton transit terminal in Central Asia, once the loading and offloading unit is established by the private sector. Stating the above, Ali Estiri, the head of the Ports and Shipping Office in Hormuzgan, told reporters on Tuesday that the unit will cover an area of 15 hectares with a 6-kilometer railroad, IRNA reported. Estiri said three kilometers of railroads have already been completed and work

Korea's largest online retailer plans to expand its wool fashion sales. GS Home Shopping fashion manager is visiting Australia to see woolgrowers, and sign an exclusive deal, to showcase where wool comes from, for the online shopper. The company's sales of woollen garments have grown by about 30 per cent for the past four years. Brian Kang, of GS, says the company also sells wool garments online in China, India, Turkey, and Indonesia. "Our customers are interested in the high quality of wo