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Digg It - Europe's Textile And Clothing Producer Gear Up For Expansion
Bulgaria is the fastest growing textile and clothing producer in Europe, according to a report by Textiles Intelligence.
Between 2000 and 2006, Bulgarian production of textiles expanded by 152%, while output of clothing increased by 109%. By comparison, EU production of textiles fell by 21% over the six year period, while output of
Between 2000 and 2006, Bulgarian production of textiles expanded by 152%, while output of clothing increased by 109%. By comparison, EU production of textiles fell by 21% over the six year period, while output of
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
clothing fell by 32%.
Furthermore, as one of the two newest members of the EU, growth of the Bulgarian textile and clothing industry seems set to continue.
The textile and clothing sector’s success can be attributed to a variety of favourable factors.
Small to medium sized enterprises
Between 65% and 95% of firms withi
Furthermore, as one of the two newest members of the EU, growth of the Bulgarian textile and clothing industry seems set to continue.
The textile and clothing sector’s success can be attributed to a variety of favourable factors.
Small to medium sized enterprises
Between 65% and 95% of firms withi
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
n the Bulgarian textile and apparel industry are small and medium sized enterprises (SMEs). These types of companies are characterised by their ability to:
* be flexible in their manufacturing operations;
* react quickly to changes in clients’ needs;
* provide speedy delivery;
* respond rapidly to requests for impro
* be flexible in their manufacturing operations;
* react quickly to changes in clients’ needs;
* provide speedy delivery;
* respond rapidly to requests for impro
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ements in quality.
Geographical location
Bulgaria’s geographical proximity to the EU has enabled Bulgarian textile and clothing manufacturers to build strong relationships with customers in the EU and other nearby markets, especially when some of their closest competition in terms of price and quality are low cost Asian
Geographical location
Bulgaria’s geographical proximity to the EU has enabled Bulgarian textile and clothing manufacturers to build strong relationships with customers in the EU and other nearby markets, especially when some of their closest competition in terms of price and quality are low cost Asian
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
manufacturers in China and India.
Low wages
Average wage costs in Bulgaria are lower than in any other EU country (including Romania) and are also lower than in Sri Lanka, Indonesia and Russia. Salaries are on a par with those in Egypt, Mexico, certain parts of eastern China and Ukraine.
Labour costs play an important r
Low wages
Average wage costs in Bulgaria are lower than in any other EU country (including Romania) and are also lower than in Sri Lanka, Indonesia and Russia. Salaries are on a par with those in Egypt, Mexico, certain parts of eastern China and Ukraine.
Labour costs play an important r
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
le in the competitiveness of textile and clothing manufacturers, particularly given the intense competition that manufacturers face from low cost producers in Asian countries. With this in mind, the fact that Bulgarian producers can compete with Chinese producers in terms of labour costs gives them an important advantage in an increa
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
singly competitive marketplace.
Removal of hold-ups and tariffs at customs
As part of EU membership, trade between Bulgaria and other EU member states is free from customs duties. Also, hold-ups at border points have been minimised. This should result in quicker deliveries to EU export markets, shorter transportation tim
Removal of hold-ups and tariffs at customs
As part of EU membership, trade between Bulgaria and other EU member states is free from customs duties. Also, hold-ups at border points have been minimised. This should result in quicker deliveries to EU export markets, shorter transportation tim
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
s, and reduced logistics costs.
Harmonised health, safety and environmental (HSE) regulations
A number of government enforced regulations -- such as those relating to health, safety and the environment -- have been harmonised with those of the EU. As a result, Bulgarian manufacturers who achieve international quality and
Harmonised health, safety and environmental (HSE) regulations
A number of government enforced regulations -- such as those relating to health, safety and the environment -- have been harmonised with those of the EU. As a result, Bulgarian manufacturers who achieve international quality and
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
environmental certification will stand in good stead with European buyers. These improvements may also open up Bulgaria’s textile and clothing industry to a wider range of potential investors who enforce strict health, safety and environmental (HSE) policies with respect to their business operations.
European mentality towards d
European mentality towards d
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ing business
Another competitive advantage is that Bulgarian textile and clothing industry enterprises have a more European mentality towards doing business than their competitors in low cost Asian countries such as China and India.
Fixed exchange rate
The Bulgarian Leva is pegged to the euro at a fixed rate (Lv1.
Another competitive advantage is that Bulgarian textile and clothing industry enterprises have a more European mentality towards doing business than their competitors in low cost Asian countries such as China and India.
Fixed exchange rate
The Bulgarian Leva is pegged to the euro at a fixed rate (Lv1.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
95583:Euro1.00) and it is forecast that this rate will continue until 2010. For potential investors based in the EU, a fixed rate of exchange removes currency risk. By contrast, in countries where the exchange rate is not fixed to the investor’s home currency, investment values could decline if there were a significant fall in the va
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
lue of the local currency.
Challenges
Admittedly the sector faces a number of challenges, and these need to be addressed if the future development of the textile and clothing sector is to be secure.
The migration of skilled workers, or a "brain-drain"
One threat to the future of the textile and clothing indu
Challenges
Admittedly the sector faces a number of challenges, and these need to be addressed if the future development of the textile and clothing sector is to be secure.
The migration of skilled workers, or a "brain-drain"
One threat to the future of the textile and clothing indu
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
try in Bulgaria is that a large proportion of its skilled labour, particularly those who can speak English, will migrate to better paid jobs in other parts of the EU and leave the industry in Bulgaria short of skilled labour.
New regulations may force factory shut-downs
Companies may also find that adherence to new healt
New regulations may force factory shut-downs
Companies may also find that adherence to new healt
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
h, safety and environmental regulations is a challenge. Poorer companies may not be able to afford the costs which are necessary to implement changes to their business operations. Some closures may therefore be inevitable. However, on the positive side, the operations which shut down represent opportunities for foreign investors who
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
re looking to buy production facilities in Bulgaria. Furthermore, the companies which survive will be fitter and leaner, and therefore better able to survive in the post-quota era.
Low labour productivity and underinvestment
Labour productivity in the Bulgarian textile and clothing sector equates to only 38.1% of the EU
Low labour productivity and underinvestment
Labour productivity in the Bulgarian textile and clothing sector equates to only 38.1% of the EU
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
average, and the level of investment in new equipment and capacity expansion is low. Bulgarian clothing manufacturers are reluctant to modernise because they are unable to recoup their investment costs by raising prices without losing their competitiveness. Consequently, any increases in costs must be borne by manufacturers through a
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
reduction in profit margins.
Reliance on textile imports
The Bulgarian clothing sector tends to rely on imported textiles from other countries rather than use domestically produced textiles. This often leads to longer production lead times and hence slower response, as well as higher raw material costs.
The output of th
Reliance on textile imports
The Bulgarian clothing sector tends to rely on imported textiles from other countries rather than use domestically produced textiles. This often leads to longer production lead times and hence slower response, as well as higher raw material costs.
The output of th
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
e Bulgarian textile sector is not large enough to support the local clothing market. Consequently, unless there is a concentrated burst of investment in the textile industry, clothing manufacturers will remain dependent on imports of textiles for their raw materials and their profit margins will be decided in part by the price of tex
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ile imports.
Outlook
In general, it seems that the textile and clothing industry in Bulgaria is on a knife edge. On the one hand, investment will be needed if the industry is to maintain the growth pattern witnessed since the start of the decade. There is also known to be a grey economy, and illicit working practices wil
Outlook
In general, it seems that the textile and clothing industry in Bulgaria is on a knife edge. On the one hand, investment will be needed if the industry is to maintain the growth pattern witnessed since the start of the decade. There is also known to be a grey economy, and illicit working practices wil
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
l need to be stamped out now that Bulgaria is part of the EU. On the other hand, Bulgaria has a number of advantages as the lowest cost EU country. EU membership may encourage much needed large-scale investment in the sector. This would boost productivity, increase economies of scale, create new jobs and generate higher value exports
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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