Industry Ministry reports that national textile and textile product (TPT) industry continued to grow in the last two years based on the growth rate by the fourth quarter of 2018
whose growth rate recorded to reach 8.73 percent and exports increased by 5.55 percent. In the entire 2018 export of textile and clothing was estimated to range from US$13.5
billion – US$13.8 billion or exceed the export target previously set at US$ 12.31 billion. Textile and Textile Product Industry (TPT) was encouraged to innovate to meet the needs
of fashion industry and expected to be able to capture business opportunities...
Ministry of Industry is proposing special incentives for companies making new investments or expansion in textiles and textile products (TPT) industry to increase productivity. Textile and clothing industry in Indonesia is one of the leading industries for its role in national economy in terms of job creation and foreign exchange earnings for the country. Minister of Industry Airlangga Hartarto recently said that facilities prepared by providing several facilities such as..
Vietnam Apparel and Textile Association (VITAS) targets Vietnam's textile and textile product (TPT) exports to reach US$40 billion this year or representing an increase by 10.8%. In 2018 Vietnam is estimated to be able to increase textile exports by more than US$36 billion, an increase of 16% from the previous year. According to chairman Vitas the increase in export performance in 2018 was the highest and was triggered by the American - China trade war.Baca selanjutnya
Industry Ministry has set a target of US$15 billion for textile and clothing export this year. In previous years the Ministry set target for textile and clothing export where in 2017 to reach US$12 billion. As a matter of fact, export in 2017 amounted to US$12.57 or exceeded the target set. Furthermore, in 2018 the Ministry also set target of US$3.5 billion and it is more likely the export target can be achieved. Several big export-oriented companies showed much better performance throughout 2018 where companies were able to increase exports as well as profit margin.Baca selanjutnya
The Garment Manufacturers Association in Cambodia (GMAC) welcomes the government's new policy leading to increase industrial competitiveness and secure domestic trade should the European Union and America follow through with threats to revoke trade access facilities provided so far. The European Union and the United States have been the main markets for Cambodian garment exports where the European Union provides export duty-free under EBA (Everything-but-Arms-Scheme).Read more
The Industry Ministry targets the Indonesian Textile and Textile Product Industry (TPT) to be in the top five in the world by the year 2030 by making it as one of the pioneers in the roadmap applying Industry 4.0.
Mudhori, Director of the Textile, Leather, Chemical, Footwear and Multifarious Industry at the Industry Ministry, said in a statement that industry 4.0 is believed to...
The Industry Ministry firmly believe that Indonesian Textile Industry will continue to grow, triggered by new investments and good export performance. Director General of Textile, Leather, Chemical, Footwear and Multifarious Industry (IKTA), Achmad Sigit Dwiwahjono said that the by end of 2018, IKTA growth reached 3.4% and is predicted to grow by 3.6% - 4% in 2019.
Protest of thousands of Bangladesh garment workers from around ten companies on January 8, 2019 clashed with police at the outskirts of Dhaka after workers blocked the road leading to Dhaka's Shahratal Hazrat international airport. The police were forced to disperse the demonstrators with tear gas and rubber bullet which responded hurling bricks at the police by the workers and setting vehicles ablaze. Local media reported that the riot has led to one garment worker death and dozens wounded.
US - China trade war seems to have triggered significant increase of textile and textile products (TPT) export from Vietnam this year compared to the increase in the previous years. The increase of textile and clothing export this year is expected to reach 15% or even higher. Vietnam's Ministry of Industry and Trade released that the achievement of their textile exports in 9 months (January - September 2018) increased by 17%. In the past few years the average increase in textile exports reached 10%. ...
So far, textile and textile products industry has always been one of the prima donna of exports for Indonesia where in 2017 exports reached US $ 12.58 billion. However, when compared to several competitor countries, the development of textile industry in Indonesian is actually not very good. Current market share in the world market still stay at around 1.7% compared to Vietnam, India and Bangladesh describes its growth.
Not long ago President Joko Widodo warned that Indonesia should not be left behind in applying the concept of Industry 4.0 as part of efforts to improve Indonesia's competitiveness in the current digital era. Like the industrial revolution in the previous generation, he said, industry 4.0 pursuing the same results, namely increased revenue, cost savings and operational efficiency. The leading business consultant, PricewaterhouseCooper (PwC), in its report, ..
The creation of the ZDHC Manufacturers Restricted Substance List (ZDHC MRSL) was hailed as an industry milestone towards safer chemical management. However, suppliers struggle to know how to assess, and where to go, to source safer chemistry.
Until now textile and footwear manufacturers have needed to undertake a painstaking and time-consuming process of evaluating every product from each of their chemical suppliers against the ZDHC MRSL...