KARL MAYER Textilmaschinenfabrik GmbH
Bühlstrasse 25
63179 Obertshausen
Germany




KARL MAYER at Saigontex - KARL MAYER Textilmaschinenfabrik GmbH

Vietnam is making a name for itself as another south-east Asian country with far-reaching prospects for the international textile industry. According to an analysis carried out by the National Development and Reform Commission in Peking during last year, work-intensive Chinese export companies were transferring their production to Vietnam and Indonesia in particular because of the increasing cost of wages and materials in the People's Republic. It is reported that the competitiveness in these countries increased further in 2011. In addition to the low wage costs, the reasons for this are stable exchange rates and the fact that there are no limits on export quotas. The Vietnamese textile sector is adopting a correspondingly positive approach to the forthcoming Saigontex show. This textile machinery exhibition will be held in Ho-Chi-Minh City between 11 and 14 April, parallel with the Vietnam Saigon Fabric and Garment Accessories Expo.