US companies are giving tough time to Vietnamese garment producers by not clearing their dues. For May Song Hong, dues outstanding with the American companies have risen by 19.5% in the first quarter.
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Garment workers staged protests demanding an extended Eid vacation by barricading important roads in the manufacturing hub of Gazipur. They clashed with the police, resulting in the injury of 20 workers and one policeman.
Pakistan-based apparel manufacturers Interloop plans to setup a new factory to expand its production. Expecting to meet the rising demand from the foreign markets, the company aims to double its revenues by FY2026.
The share price of Raymond surged over 5% on May 7, 2021; a day after the company’s fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.
The members of Surat-based textile associations met the city police commissioner to request for relaxation in the lockdown measures. The state has extended the lockdown restrictions till May 12 to contain the spread of corona virus.
The representative body of the European textile and clothing industry welcomed the revised strategy which focuses on 14 eco-systems and the proposal to develop privileged partnerships.
As per the speakers at the webinar held this Wednesday, Bangladesh should sanction ILO Convention 190 to eliminate workplace violence. Consent of employers, workers, and civil society can be taken for the endorsement.