The Frame Textile Group, the largest textile manufacturer in South African offers to seek various co-operations with Chinese enterprises trough governments since their production is suspending.
The staff in charge of Chinese Textile Chamber of Import and Export Trade told the “Daily Economic News” yesterday that many enterprises have showed their willing to help. But their names remain unknown. It is disclosed that it would be the largest investment to South Africa for Chinese enterprises in the light manufacturing field if the cooperation succeeds.
In April this year, Seardel, the parent company of the Frame Textile Group, announced a reorganizing plan. The company said in a statement that some business segments would be terminated if necessary. It holds that although the input costs in these years, has increased dramatically, most of the costs could not be afforded by the buyers. Meanwhile, the competitors don’t observe the lowest demands for employment.” Our company has been looking for all the approaches possible to improve the situation, including reorganization, readjusting and simplification.” The Seardel said.
It is reported that the Frame Textile Group’s cooperation plan with Chinese enterprises includes founding joint venture companies, building companion relationship, teamwork on technology and capital. According to the statistics, there are two Chinese capital apparel processing manufacturers founded in South Africa approved by the Commerce Department. They are Smart Garment Co., Ltd and Haide Garment Co., Ltd with 500 thousand and 60 thousand dollars of investment respectively. Besides, tens of individual garment companies has established processing manufacturers.
