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China : Textile manufacturers need to size up their performance
Source: Fibre2fashion News Desk - China Date: 2006-05-25
Absence of advanced technology, lack of originality in products, intelligent management, market know-how and information are the causes of worry for textile enterprises in Shaoxing province.
Even though the export volume was large, profit was as little as around 3 percent, lamented the group of enterprises.
To cope with this situation, many enterprises have sought help of industry analysts, who recommend them to examine their own products, purchase highly technical equipments and introduce advanced management.
Analysts also said that products should be designed and controlled by manufacturers themselves to widen profit margin.
