Comments on: The Nigerian Textile Industry and Cheap Chinese Products http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/?utm_source=rss&utm_medium=rss&utm_campaign=the-nigerian-textile-industry-and-cheap-chinese-products Experiences Thoughts Opinions Ideas Mon, 21 May 2012 07:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mr. Peter http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-1983 Mr. Peter Thu, 25 Dec 2008 22:40:28 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-1983 pls how can i know the production location of hitarget wrapper material? pls how can i know the production location of hitarget wrapper material?

]]> By: Mr. Peter http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-4197 Mr. Peter Thu, 25 Dec 2008 22:40:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-4197 pls how can i know the production location of hitarget wrapper material? pls how can i know the production location of hitarget wrapper material?

]]> By: Ets Ekmeres Cie Ltd http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-1948 Ets Ekmeres Cie Ltd Thu, 27 Nov 2008 10:47:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-1948 Gentlemen, We are looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings Regards Okala Gentlemen,
We are looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings
Regards
Okala

]]> By: Ets Ekmeres Cie Ltd http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-4196 Ets Ekmeres Cie Ltd Thu, 27 Nov 2008 10:47:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-4196 Gentlemen, We are looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings Regards Okala Gentlemen,
We are looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings
Regards
Okala

]]> By: oxytech http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-1130 oxytech Sun, 20 Jul 2008 20:48:03 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-1130 Read through and Quite obvious: Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper. The larger % of consumer that patronises the "Ankara" prints want cheaper products. The China quality might not be the best, but the quality received for this cheap price is acceptable to the consumer i.e. the consumer is willing to overlook the poor quality because of the very low price. The "Ankara" prints are regularly bought for ceremonies (group representation) and consumer is planning to use it just once or twice, and not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary. GDP is crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can only afford cheaper products. Why spend 2000 for product that last 3 mths than spend 10000 for a product that last 4yrs. Answer: I can only save 2000 in a year! With foot dragging, corrupt, insincere ruling class etc, cost of production will never be cheaper than China in the near future - CHINA PRODUCTS HAVE COME TO STAY! Read through and Quite obvious:

Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper.

The larger % of consumer that patronises the “Ankara” prints want cheaper products.

The China quality might not be the best, but the quality received for this cheap price is acceptable to the consumer i.e. the consumer is willing to overlook the poor quality because of the very low price.

The “Ankara” prints are regularly bought for ceremonies (group representation) and consumer is planning to use it just once or twice, and not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary.

GDP is crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can only afford cheaper products.

Why spend 2000 for product that last 3 mths than spend 10000 for a product that last 4yrs.
Answer: I can only save 2000 in a year!

With foot dragging, corrupt, insincere ruling class etc, cost of production will never be cheaper than China in the near future – CHINA PRODUCTS HAVE COME TO STAY!

]]> By: oxytech http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-4195 oxytech Sun, 20 Jul 2008 20:48:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-4195 Read through and Quite obvious: Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper. The larger % of consumer that patronises the "Ankara" prints want cheaper products. The China quality might not be the best, but the quality received for this cheap price is acceptable to the consumer i.e. the consumer is willing to overlook the poor quality because of the very low price. The "Ankara" prints are regularly bought for ceremonies (group representation) and consumer is planning to use it just once or twice, and not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary. GDP is crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can only afford cheaper products. Why spend 2000 for product that last 3 mths than spend 10000 for a product that last 4yrs. Answer: I can only save 2000 in a year! With foot dragging, corrupt, insincere ruling class etc, cost of production will never be cheaper than China in the near future - CHINA PRODUCTS HAVE COME TO STAY! Read through and Quite obvious:

Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper.

The larger % of consumer that patronises the “Ankara” prints want cheaper products.

The China quality might not be the best, but the quality received for this cheap price is acceptable to the consumer i.e. the consumer is willing to overlook the poor quality because of the very low price.

The “Ankara” prints are regularly bought for ceremonies (group representation) and consumer is planning to use it just once or twice, and not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary.

GDP is crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can only afford cheaper products.

Why spend 2000 for product that last 3 mths than spend 10000 for a product that last 4yrs.
Answer: I can only save 2000 in a year!

With foot dragging, corrupt, insincere ruling class etc, cost of production will never be cheaper than China in the near future – CHINA PRODUCTS HAVE COME TO STAY!

]]> By: Momodu, I.M http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-1060 Momodu, I.M Tue, 01 Jul 2008 20:13:39 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-1060 Nigeria is traditionally rich in textile weaving. There is the need to encourage local "traditional" textile cloth weaving and manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it is highly durable and stress free when it comes to import restrictions. All we need is the will power like the Indians, Chinese etc who no matter what prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry Nigeria is traditionally rich in textile weaving. There is the need to encourage local “traditional” textile cloth weaving and manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it is highly durable and stress free when it comes to import restrictions. All we need is the will power like the Indians, Chinese etc who no matter what prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry

]]> By: Momodu, I.M http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-4194 Momodu, I.M Tue, 01 Jul 2008 20:13:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-4194 Nigeria is traditionally rich in textile weaving. There is the need to encourage local "traditional" textile cloth weaving and manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it is highly durable and stress free when it comes to import restrictions. All we need is the will power like the Indians, Chinese etc who no matter what prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry Nigeria is traditionally rich in textile weaving. There is the need to encourage local “traditional” textile cloth weaving and manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it is highly durable and stress free when it comes to import restrictions. All we need is the will power like the Indians, Chinese etc who no matter what prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry

]]> By: Peter http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-359 Peter Mon, 24 Mar 2008 12:40:23 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-359 I am very passionate about this textile issue becuase i am a shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC). Personally i don't believe that China is the problem but it looks more like a case of dead management on the part of most textile firms in Nigeria. The average Nigerian textile company complains from now till heavens come about the Chinese but have you ever seen any textile advert in the last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is owned by the same Chinese management i.e. CHA group of China who run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to create awareness for their product. I wonder how people will buy what they don't know about, it seems textile firms don't understand the power of marketing and advertising their products. Textile firms also complain about cheaper chinese products, like a comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for the masses and equally create a high end product for the top end market. Textile firms also raise the issue of high cost of funds from banks, this also shows that the management of most of these companies are either asleep or not in tune with reality. A big company like UNT PLC for example(with a turnover of almost 20BN last year) and reputed to be the biggest textile firm in West Africa should not have any problem rasing money from the Nigeria Stock Market since they are quoted. If smaller companies with turnover of less than 2BN can be raising money from the stock market i wonder what the textile firms are waiting for.Instead the average textile company is busy waiting for the Nigeria govt. to come to teir rescue with loans packaged for them. In conclusion i agree that the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and be proactive in their approach to solving their problem. They should do what other well run companies are doing i.e. marketing, differential products for differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the stock market. I am very passionate about this textile issue becuase i am a shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC).
Personally i don’t believe that China is the problem but it looks more like a case of dead management on the part of most textile firms in Nigeria. The average Nigerian textile company complains from now till heavens come about the Chinese but have you ever seen any textile advert in the last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is owned by the same Chinese management i.e. CHA group of China who run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to create awareness for their product. I wonder how people will buy what they don’t know about, it seems textile firms don’t understand the power of marketing and advertising their products.
Textile firms also complain about cheaper chinese products, like a comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for the masses and equally create a high end product for the top end market.
Textile firms also raise the issue of high cost of funds from banks, this also shows that the management of most of these companies are either asleep or not in tune with reality. A big company like UNT PLC for example(with a turnover of almost 20BN last year) and reputed to be the biggest textile firm in West Africa should not have any problem rasing money from the Nigeria Stock Market since they are quoted. If smaller companies with turnover of less than 2BN can be raising money from the stock market i wonder what the textile firms are waiting for.Instead the average textile company is busy waiting for the Nigeria govt. to come to teir rescue with loans packaged for them.
In conclusion i agree that the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and be proactive in their approach to solving their problem. They should do what other well run companies are doing i.e. marketing, differential products for differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the stock market.

]]> By: Peter http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/comment-page-1/#comment-4193 Peter Mon, 24 Mar 2008 12:40:00 +0000 http://loomnie.com/2008/03/13/the-nigerian-textile-industry-and-cheap-chinese-products/#comment-4193 I am very passionate about this textile issue becuase i am a shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC). Personally i don't believe that China is the problem but it looks more like a case of dead management on the part of most textile firms in Nigeria. The average Nigerian textile company complains from now till heavens come about the Chinese but have you ever seen any textile advert in the last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is owned by the same Chinese management i.e. CHA group of China who run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to create awareness for their product. I wonder how people will buy what they don't know about, it seems textile firms don't understand the power of marketing and advertising their products. Textile firms also complain about cheaper chinese products, like a comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for the masses and equally create a high end product for the top end market. Textile firms also raise the issue of high cost of funds from banks, this also shows that the management of most of these companies are either asleep or not in tune with reality. A big company like UNT PLC for example(with a turnover of almost 20BN last year) and reputed to be the biggest textile firm in West Africa should not have any problem rasing money from the Nigeria Stock Market since they are quoted. If smaller companies with turnover of less than 2BN can be raising money from the stock market i wonder what the textile firms are waiting for.Instead the average textile company is busy waiting for the Nigeria govt. to come to teir rescue with loans packaged for them. In conclusion i agree that the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and be proactive in their approach to solving their problem. They should do what other well run companies are doing i.e. marketing, differential products for differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the stock market. I am very passionate about this textile issue becuase i am a shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC).
Personally i don’t believe that China is the problem but it looks more like a case of dead management on the part of most textile firms in Nigeria. The average Nigerian textile company complains from now till heavens come about the Chinese but have you ever seen any textile advert in the last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is owned by the same Chinese management i.e. CHA group of China who run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to create awareness for their product. I wonder how people will buy what they don’t know about, it seems textile firms don’t understand the power of marketing and advertising their products.
Textile firms also complain about cheaper chinese products, like a comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for the masses and equally create a high end product for the top end market.
Textile firms also raise the issue of high cost of funds from banks, this also shows that the management of most of these companies are either asleep or not in tune with reality. A big company like UNT PLC for example(with a turnover of almost 20BN last year) and reputed to be the biggest textile firm in West Africa should not have any problem rasing money from the Nigeria Stock Market since they are quoted. If smaller companies with turnover of less than 2BN can be raising money from the stock market i wonder what the textile firms are waiting for.Instead the average textile company is busy waiting for the Nigeria govt. to come to teir rescue with loans packaged for them.
In conclusion i agree that the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and be proactive in their approach to solving their problem. They should do what other well run companies are doing i.e. marketing, differential products for differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the stock market.

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