In other words we would like to find out how Belgian Textile Think Tank can can serve needs of investors in the industry to prevent investments failure and pave success for the textile based product on the market.
Belgium has a very intense and diverse history of textile production from the finest of laces to the best of the carpet production. And what about today’s globalized market? Had its tough requirements urged Belgian professionals in the industry to abandon the finest of the skills and knowledge accumulated in the country for many centuries in favor of simplifications of production to address mass market demands? What is the solution that Belgians have chosen while they have to keep up with the globalization and maintain their status of the leading textile country?
As we have found out – they concentrated on transforming their centuries’ old technologies and secrets into the most modernized technologies without any betrayal of the famous quality of Belgian textile.
One of the ways they do it is through being on top of innovation process in the industry. As a result Belgium is providing 80% of carpets and seat covers for all the buses and airplanes in the world. To keep leadership in the industry the Belgian Textile Industry had founded Belgian leading think tank – Centexbel (which becomes one of the Global leaders in textile research) to serve its needs.
Pickingalpha.com has talked to Stijn Devaere, Ph.D (Director Services), Centexbel on one of the most pressing issues in the industry now: profits vs sustainability. European Union is known for it’s strict rules on the quality of dyes, coating and textiles themselves to protect consumer health. Many non-european textile based products either are becoming an intended success in European Union or an immediate investment failure, even if many millions have been invested in product design and manufacturing. Following European Union rules many countries are adjusting their consumer guideline in order to be able to trade with Europe and match their standards, so sustainability and daily emergence of new chemicals and textiles are in strong need of proper balance and professional research for investment success.