There are hundreds of Denim Mills around the world. However, some of them are known by their names to all those who know denim while others are not so well known. It would be great to know which denim company would the readers consider as the BEST DENIM COMPANY IN THE WORLD..
Which is the BEST DENIM COMPANY IN THE WORLD?
You can vote here and see the results also.
Cone Denim (in Jiaxing,China),Central Textiles(Hong kong) and Lanyan Group(China) have installed the Electronic Fibre Selection System from Cotton Incorporated. This computer software technology driven system aims to optimize the quality and consistency of the cotton fibre – meant to help in producing high quality yarns .
Also, this helps the American Cotton Exporters as more American Cotton is expected to be used by mills using the EFS system.
Well its a good move by the Cotton Inc. to increase its Cotton exports.
Let’s wait and see how profitable wwill it be for the companies who have installed it ..
Like all other Denim Mills that have been affected by the slowdown in the denim sales and reduced prices, Hellenic Mills also experienced reduced financials in the year 2006(as compared to 2005). However, it is expected that the first quarter of 2007 is going to show little improved results signalling an improvement in the Denim Fabric market.
The comparison of the years 2005 and 2006 will show that almost on all parameters, the performance in the year 2006 was poorer than in 2005.
| HELLENIC MILLS FINANCIALS | |||
| , | 2006 | 2005 | |
| Turnover | 84.17 | 88.21 | (Million Euros) |
| PBT(profit before tax) | 0.21 | 7.34 | (Million Euros) |
| Net Profit | 0.11 | 5.02 | (Million Euros) |
| EPS | 0.01 | 0.38 | Euros |