This comprehensive trading company strengthens textile and clothing production in Southeast Asia
According to the “Nihon Keizai Shimbun” report, most clothing stores in Japan produce clothing materials overseas through general trading companies. Previously, about 80% of the clothing materials imported into Japan were imported from China, but with the With the rapid rise in wages of Chinese workers, general trading companies had to consider production costs. In order to seek more profits, they began to turn to Southeast Asian countries with lower labor costs, and accelerated the strengthening of the clothing production and sales system in Southeast Asian countries.
Mitsui & Co., Ltd. has strengthened its business ties with textile and garment factories in Myanmar, Vietnam and other countries to ensure the supply of 1 million pieces per year. It also plans to launch a textile and garment factory in Cambodia with an annual production capacity of 500,000 pieces within this year, increasing Southeast Asian countries’ share of Japan’s overseas clothing materials The proportion of product production has increased from the current 20% to 40%; Sumitomo Corporation has established a local corporate textile and apparel enterprise in Vietnam in April, and while strengthening product quality by dispatching Japanese technical personnel, it has expanded the scale of clothing production in Vietnam; Maru The Red Plan will increase the proportion of clothing production in Southeast Asian countries from the current 15% to more than 30% by March 2014; Itochu Corporation plans to dispatch Japanese technicians to Myanmar clothing factories to improve product quality and expand production scale; Mitsubishi Corporation has also begun to Strengthen production capabilities in Indonesia, Cambodia and other places.
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