Rising costs and quota shortages have forced the Hong Kong textile and clothing industry to relocate production to lower cost countries
April 19, 2007 (Press Release) --
Profiles of Three Leading Hong Kong Textile and Clothing Companies: Ace Style, Crystal Group and Pacific Textiles
Rising costs and quota shortages have forced the Hong Kong textile and clothing industry to relocate production to lower cost countries, especially China. Such a strategy has enabled Hong Kong companies to survive and prosper by focusing on their extensive experience of fabric procurement, sales and marketing, quality control, logistical arrangements, clothing design, and international trade.
Ace Style is a leading maker of intimate apparel. It originates its own designs, and is developing its own brand. The company produces 30 mn garments a year and employs 10,000 people in China, the Philippines, and Hong Kong. In 2003 its turnover was US$130 mn. Family-owned Crystal Group produces 92 mn items a year of men’s, women’s, children’s and babies’ T-shirts, sweaters, woven wear and intimate apparel. It employs more than 23,000 people at 12 wholly owned facilities located in six countries, and a further 20,000 in joint ventures. In 2004 sales are expected to reach US$600 mn following the acquisition of Marks & Spencer supplier Martin International.
For more information kindly visit
http://www.bharatbook.com/detail.asp?id=13107
Rising costs and quota shortages have forced the Hong Kong textile and clothing industry to relocate production to lower cost countries, especially China. Such a strategy has enabled Hong Kong companies to survive and prosper by focusing on their extensive experience of fabric procurement, sales and marketing, quality control, logistical arrangements, clothing design, and international trade.
Ace Style is a leading maker of intimate apparel. It originates its own designs, and is developing its own brand. The company produces 30 mn garments a year and employs 10,000 people in China, the Philippines, and Hong Kong. In 2003 its turnover was US$130 mn. Family-owned Crystal Group produces 92 mn items a year of men’s, women’s, children’s and babies’ T-shirts, sweaters, woven wear and intimate apparel. It employs more than 23,000 people at 12 wholly owned facilities located in six countries, and a further 20,000 in joint ventures. In 2004 sales are expected to reach US$600 mn following the acquisition of Marks & Spencer supplier Martin International.
For more information kindly visit
http://www.bharatbook.com/detail.asp?id=13107
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