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Profiles of Three Leading Singapore Clothing Companies: Ocean Sky, Sing Lun, and Unistar Goo-Way Sourcing
published in Issue 111, May-June 2004
Despite its small size, Singapore is home to several major apparel companies. But high costs have forced much of the industry offshore and exports from overseas operations are estimated to be three times the value of domestic exports. Recognising its declining cost competitiveness, the industry’s vision is to be a leading fashion business hub, supported by internationally recognised global brands and operations.
Ocean Sky International, Sing Lun Holdings, and Unistar Goo-Way Sourcing exemplify this strategy. Ocean Sky has grown by 5,000% in eight years to achieve a turnover in 2003 of S$250.3 mn (US$144 mn). It has 9,000 employees and is capable of making 700,000 lb of fabric a month and 72 mn garments a year, mainly cut and sew knits. 90% of output goes to the USA. Sing Lun Holdings makes cut and sew and fully fashioned knitwear and has 3,000 employees. It has facilities in Cambodia, China, Malaysia, Singapore, Sri Lanka, and Vietnam, and has plans to expand into India. In addition, its sourcing arm buys from Bangladesh, India, Indonesia, Myanmar, and Pakistan. 55% of output goes to the USA, 35% to Europe and most of the rest to Japan. Taiwanese owned Unistar Goo-Way Sourcing was established to make clothing in Lesotho and benefit from the US African Growth and Opportunity Act (AGOA). It also plans to manufacture apparel in Vietnam. But a mill to make fabric in Lesotho has been put on hold after the recent extension of the AGOA third country fabric provision.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription – either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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