Everest Textiles to start new plants in Ethiopia and US in 2017 | Textile News Taiwan
Home » News » Textile Mills News » Everest Textiles To Start New Plants In Ethiopia And Us In 2017

Everest Textiles to start new plants in Ethiopia and US in 2017

Share: 
      Newsletter

READ MORE ON Apparel ManufacturingExpansionGrowth StrategiesTextile News Taiwan

Textile Manufacturing

Image Courtesy: wisegeek.com

Everest Textile Co., vertically integrated textile manufacturer from Taiwan, has disclosed that two of its new plants in Ethiopia and the US are scheduled to begin operations in the first half of current year.

The plant in Ethiopia will manufacture garments for the company’s brand in Europe, while the US facility would supply knitted fabrics and garments to customers in the US. The two new factories are expected to add to the sales from garments which currently generate less than 2 per cent of the company’s total sales. Revenue from woven and knitted fabrics accounts for more than 80 per cent of its total sales, while textured yarns generate nearly 10 per cent.

In addition, Everest’s local peers, including Lealea Enterprise and Eclat Textile also plan to accelerate overseas capacity expansion plans this year. Lealea has approved a plan to invest as much as US $ 50 million in its first overseas factory in Indonesia, which is scheduled to begin operations in the first half of the current year. The plant will have a target capacity of 4 million yards of polyester yarn per year. It is also considering building another plant in Vietnam because of lower tariffs on exports to the EU.

Also ReadChinese apparel manufacturer to set up US $ 20 million unit in USA

Eclat Textile is also mulling over expanding production capacity in Vietnam after it dissolved its wholly-owned clothing plants in China last month. The company plans to build another plant in Haiti because of lower labour costs.

It may be mentioned here that Everest has three production factories in Taiwan, China and Thailand and 10 sales and marketing offices in major cities across the world like New York, Paris, Dubai, Shanghai, Honk Kong, Tokyo and Osaka and manufactures fabrics and garments.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

India’s textile hub Tirupur to become ‘smart city’

Good news came in for India’s textile hub Tirupur (Tamil Nadu) when it found itself on the list of 30 new cities that...

Noman Group to shorten ‘lead time’ with new setups

‘Lead time’ is a major factor upon which a buyer decides to work with any apparel manufacturer, and a shorter lead time is...

APTMA to hold convention of textile associations

The All Pakistan Textile Mills Association (APTMA) has announced to hold a convention of all textile industry associations in Islamabad after Eid. "We...

Textile traders in Gujarat (India) threaten strike against GST

Angry over the Indian Government’s decision to levy Goods and Service Tax (GST) on fabrics, textile traders in Gujarat have threatened to go...

Pakistan textile mill owners, workers hold protest

Upset over Pakistan’s Federal Government’s failure to meet demands aimed at reviving the viability of the industry, textile mill owners and workers observed...

Noman Group to expand its yarn capacity

The first textile and garment manufacturing company of Bangladesh to cross the US $ 1 billion mark in exports in FY ’12-13, Noman...

Indian Textiles Ministry reviews industry’s preparation for GST

India’s Textiles Minister Smriti Irani chaired a high-level workshop in New Delhi to review the industry’s readiness for GST, set to be rolled...

Jute can be used for road construction: IRC

Indian Roads Congress (IRC) – the apex body of highway engineers in the country, has recognized certain patterns of jute as geo-textile which...

ICCI wants early redressal of issues in Pakistan’s textile industry

The Islamabad Chamber of Commerce and Industry (ICCI) has urged Pakistan Government to pay attention for early redressal of issues being faced by...

GST won’t affect textile industry: ICRA

Textile industry is likely to remain unaffected post GST implementation compared to the current tax regime. This has been stated in a report...