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Global news roundup

Jan 27, 2015 (MarketLine via COMTEX) --

The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.

Thailand's United Textile CoAis to build a US$100m apparel factory in the An Giang province of Vietnam. Built as a two-part project, the first phase is expected to be operational by the end of 2016, and the second a year later. NGUOI VIET

South Korean textile and industrial materials maker Hyosung CorpAis to expand production of spandex yarns at its China facility in Guangdong Province by 14.3% to 80,000 tonnes per year. The expansion will help its spandex brand Creora snap up more than 30% of the global market share. YONHAP NEWS

A fire broke out on the ground floor of a two-storey building in Gazipur, Bangladesh that houses a factory owned by Formosa Poly Cotton Textiles. Factory supervisor Md Khorshed Alam said the plant was inaugurated almost a month ago. It contained fabrics and yarn. FINANCIAL EXPRESS

Taiwanese-owned garment maker TY Fashion (Cambodia) is planning to list on theACambodia Securities Exchange this year after receiving approval.ATY Fashion would be the third company and second Taiwanese-owned garment companyAto join the Kingdom's bourse after Grand Twins International listed in June 2013.ATHE PHNOMAPENH POSTASome 200 children working in footwear and accessory factories inAHyderabad, India, have been rescued.ATheAchildren, mostly boys aged between 4 and 12 years, were allegedly being paid betweenAINR2,000 (US$32.60)AandAINR5,000 per month. They were believed to have beenAworking 14 hours a day.ATHE HINDUA

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