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Article: Textile-sector changes stir up Southeast Asia.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 7, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 07, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
South-east Asian textile companies are remodelling their operations in response to China's burgeoning economic muscle. In the two years since China became a member of the World Trade Organization, many south-east Asian firms have chosen to relocate basic manufacturing facilities to China. The impending cessation of import quotas in the region is expected to hasten this process. Lau Mong Ying, the MD of Malaysian-based Prolexus, has pursued a strategy of building local skills while ...
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