“Romania Textile companies such as Zara, Christian Lacroix, Escada, Lacoste, Sonya Rykiel, Dolce and Gabbana or H and M have contracted out production. The outsourcing segment is highly unpredictable at the moment; as market estimation depends on it. As the result, plants working under contract will be the hardest hit and the Romanian market will see the contracting out system vanish by 2010 .Romanian players will only share the medium and the luxury segments of the market. The market segment made up of low-quality products will be clearly dominated by Asia .It is estimated that many plants is likely to close down in 2007, influenced by the negative factors of the domestic market. Only those investing and holding high-productivity machinery will survive. Source: YarnsandFibers.com
Date:7/24/2006
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