Textile sector to play a major role on world stage
24 Feb '06
2 min read
Brazil has the potential to become a major player on the international market.
A cost comparison study of 2003 ITMF indicated that, except for textured yarn and fabrics, Brazil can produce cotton yarns and fabrics at a lower cost than China.
It has a fully-integrated cotton industry with further investment envisaged in polyester project to develop its man-made fiber textile and apparel industries.
Brazil has large textile groups ready for further progress in global denim market.
Textile and clothing industry produced goods worth $26 billion and exported $2.2 billion worth of goods in 2005.
Brazil has infrastructure support to produce polyester fibers and yarns at Asian prices, said Dieter Albrecht, President, Brazilian Association of Man-Made Fibre Producers.
Brazil produces about 1 million tons of cotton yarn per year on an average.
Coteminas entered into a joint venture with Springs Industries, USA, to form 'Springs Global', the largest vertically integrated textile home furnishings company in the world.
Vicunha is probably the world's largest denim manufacturer, with denim capacity of around 12 million meters per month.
Vicunha accounts for about 2/3 of Brazilian denim and flat cotton fabric exports to Europe with sales exceeding 12 million meters annually.
Marisol, leader in Brazilian children's wear market, plans to multiply current sales of around $174 million in 2005 by 2.5 percent.
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