Released on = April 19, 2007, 3:20 am

Press Release Author = Namrata

Industry = Small Business

Press Release Summary = Rising costs and quota shortages have forced the Hong Kong
textile and clothing industry to relocate production to lower cost countries

Press Release Body = Profiles of Three Leading Hong Kong Textile and Clothing
Companies: Ace Style, Crystal Group and Pacific Textiles

Rising costs and quota shortages have forced the Hong Kong textile and clothing
industry to relocate production to lower cost countries, especially China. Such a
strategy has enabled Hong Kong companies to survive and prosper by focusing on their
extensive experience of fabric procurement, sales and marketing, quality control,
logistical arrangements, clothing design, and international trade.
Ace Style is a leading maker of intimate apparel. It originates its own designs, and
is developing its own brand. The company produces 30 mn garments a year and employs
10,000 people in China, the Philippines, and Hong Kong. In 2003 its turnover was
US$130 mn. Family-owned Crystal Group produces 92 mn items a year of men's, women's,
children's and babies' T-shirts, sweaters, woven wear and intimate apparel. It
employs more than 23,000 people at 12 wholly owned facilities located in six
countries, and a further 20,000 in joint ventures. In 2004 sales are expected to
reach US$600 mn following the acquisition of Marks & Spencer supplier Martin
International.

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