Asia stifles local textile companies market

Speaking during a tour of Microlith textile factory by a delegation from Trollhattan City in Sweden, the director of the company last week, Ashwin Singh, said since the decision to allow Asian manufacturers to sell to the American market, competition had become extremely difficult.

Microlith is one of the few remaining textile firms in Selebi-Phikwe after many collapsed. Most companies that closed shop were affected by escalating fuel prices, power outages and the global recession that started in the US, which is a major consumer of textile products.