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Apparel and Footwear Titans are Centralizing Suppliers, Research Shows

Cornell New Conversations Project research shows big brands like Nike, Adidas, Gap and Puma drastically narrowing their number of suppliers.

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Youngone making massive investment in man-made fibre

Youngone making massive investment in man-made fibre Kihak Sung, chairman and CEO of the conglomerate, tells The Daily Star Collected Workers are operating knitting machines at a factory of Youngone at Korean Export Processing Zone in Chattogram. Kihak Sung Youngone Corporation, a global conglomerate based in Korea, has made massive investments in man-made fibre (MMF) for clothing in its factories in Bangladesh as artificial materials are now dominating the fashion industry, according to Kihak Sung, chairman and chief executive officer of the company. Youngone, famous for its outerwear and MMF products, recently started manufacturing polyester fabrics at three factories covering 40,000 square metres each at the Korean Export Processing Zone (KEPZ) in Chattogram.

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