Media Contact │ Joey Kwan
Branding & Communication Officer
Pinneco Research Ltd.
Pinneco Research Limited's CEO & President Acts as Panel Speaker at Cotton Seminar
HONG KONG, 10 May, 2013 – Anderson Lee, President & CEO of Pinneco Research Limited, and Vice Chairman of Sustainable Fashion Business Consortium (SFBC), was invited as a panel speaker at the “Current Issues and Outlook of the Cotton Supply-Chain” Seminar, organized by The Hong Kong Association of Textile Bleachers, Dyers, Printers, and Finishers, The Hong Kong Cotton Spinners Association, the SFBC, and sponsored by the Cotton Council International (CCI). This event was held at the Clothing Industry Training Authority (CITA).
This event updated participants on the cotton market’s supply chain’s outlook in 2013 and 2014, as well as the subjects of global sourcing pattern and cotton sustainability and its effects on social values.
Along with Lee, Karin Malmstorm, CCI’s China Director, Michael Yee, Senior VP of Global Sourcing of Gap Inc., Tong Yeung, Director of TPassion Ltd, Pat-Nie Woo, Chairman of the SFBC, and Dr. Gordon Yen, Chairman of The Hong Kong Association of Textile Bleachers, Dyers, Printers, and Finishers were present as speakers and panel speakers at the event. A total of 124 participants attended this seminar, ranging from different areas of the textile industry.
Malstorm presented and remarked on the inclination of the global cotton textile chain and exclaims that she anticipates the demand for cotton to be strong and price stability will be seen in 2013. As concluded, weather conditions and government policies are the key factors in determining how the cotton industry will flourish in major cotton producing countries. While the panel speakers believe that the cotton industry will grow strong and steadily in 2013, Lee has commented that sustainable values in the cotton industry could be beneficial to both its users and environment. Coming from a family business that practiced sustainable business modules since 1969, and as the Vice Chairman of the SFBC, Lee brought to the seminar his industry knowledge, the success stories of the SFBC, and advocated on increasing the use of sustainable practices across fashion supply chain. It is widely understood that pursuing cheap labor is no longer sustainable; therefore, this vision is coming to demand not only, but including the cotton industry. “There is an increased awareness in the cotton supply chain demanding for transparency and greater scale of collaboration,” exclaimed Lee, “and I can most certainly see a great sustainable path in the cotton industry.”
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About Clothing Industry Training Authority
The Clothing Industry Training Authority (CITA) was established in September 1975 according to the Industry Training (Clothing Industry) Ordinance. The functions of the Authority as defined in Section 5 of the Ordinance are:
– To provide training courses for the clothing industry
– To establish and maintain industrial training centers
– To assist in the placement of persons completing training courses
– To make recommendations with respect to the rate of levy
With the changing times and the improvement of computers and technology, CITA has evolved its operations to focus more Technology and Innovation. In order to face the challenges of the new millennium, we are training the apparel industry's most important asset - People, and how to apply the Technology in this industry
About Cotton Council International
Cotton has been associated with our civilization for almost as long as mankind has worn clothes. Cotton nowadays has been prized as the world’s best loved natural fiber for its comfort, softness, breathability and durability for thousands of years. For this reason, the quality of cotton has been a major concern worldwide when the customers buy a piece of textiles. Today the U.S. Cotton is internationally recognized as amongst the finest in the world with its high quality.
Supporting the U.S. Cotton industry worldwide is its overseas marketing arm, Cotton Council International (CCI), which was established in 1956 under the National Cotton Council (NCC) as a non-profit trade organization and funded by the industry and the United States Department of Agriculture (USDA). Following more than half century’s promotional efforts and unflagging support to the US Cotton industry, CCI has successfully positioned the United States as the world’s leading supplier of high quality cotton.
About The Hong Kong Association of Textile Bleachers, Dyers, Printers, and Finishers
To co-ordinate activities of the textile bleaching, dyeing, printing and finishing industry. To promote and protect the common interests of members of the Association. To maintain contact and to co-operate with the government and other bodies and organizations in all matters concerning the business of the textile bleaching, dyeing, printing and finishing industry. To represent the industry in activities organized by the government or other relevant authorities or institutions, and to deal with matters affecting the interest of its members and their business
About the Hong Kong Spinners Association
The Hong Kong Cotton Spinners Association was established in 1948, it was known as Spinners Club in 1948-1955. It aims to promote and protect the interests of people engaged in the cotton spinning trade or industry, to co-ordinate activities of the cotton spinning trade or industry and to promote and protect the interests of members of the Association.
About Sustainable Fashion Business Consortium
Sustainable Fashion Business Consortium (SFBC) is a group of Hong Kong based companies in the textile and apparel sector committed to promoting and increasing the use of sustainable practices across the fashion supply chain.With the pressing issue of global warming, air and water pollution, and the ever increase of waste disposal pits, SFBC has a vision to create a platform to continuously improve textile and apparel manufacturing processes and procedures throughout the supply chain in order to minimize the industry’s impact on the environment.