Asian textile industry has returned to invest in the United States.

Asian textile industry has returned to invest in the United States.

As wages, energy and other costs rise in Asia, more and more Asian textile manufacturers are moving their factories to the southeastern United States, increasing local job opportunities, according to data cited by the Textile Association.

Citing information from the Commercial Section of the Taipei Economic and Cultural Office in Los Angeles, Textile Co., Ltd. said that the production cost of the textile industry in the United States is gradually lower than that of China, India, Turkey, South Korea and Brazil.

In 2003, the cost of spinning one kilogram of yarn in the United States was US $2.86 and that in the mainland was US $2.76. However, in 2010, the cost of spinning a kilogram of yarn in the US increased to US $3.45, which increased to US $4.13 on the mainland.

According to the Textile Development Council, Chinese mainland (Keer Group Co.) of Hangzhou, Zhejiang Province. A plant in North Carolina (North Carolina) with an investment of US $200 million is expected to create 18 million jobs. The electricity bill of the new plant is half that of China, and the local government can also provide financial assistance.

In addition, China Jiangnan Chemical Fiber Company (JN Fibers Inc.) It opened a factory in South Carolina (South Carolina) in September 2013 with an investment of US $45 million and created 318 jobs. The South Carolina Department of Commerce says higher production costs have prompted Asian companies to consider moving factories to the United States.

According to the data, the ShriVallabh Pittie Group in Mumbai, India announced in October 2013 that it would invest 70 million US dollars to build a textile mill in Georgia, providing 250 jobs. Company executives say that setting up factories in the United States can not only exempt them from customs duties, but also use abundant and cheap energy in the United States.

Textile will say that tariffs are one of the main reasons for the textile industry's return to the United States. The United States imposes tariffs of 5% to 6% on yarn, 10% to 12% on cloth and 15% to 20% on clothing. Asian manufacturers have absorbed these costs through low production and transportation costs for many years, and now the overall environment has changed and must be reassessed.