ECONOMY

Fanco, Klonatex in top 1,524 C&T companies

Twenty Greek clothing manufacturers and six textile firms are among the world’s 1,524 largest companies in these sectors, says a survey of the industry’s European association, Euratex, on the basis of 2001 data. The combined turnover of all 1,524 firms was 363 billion euros; the 667 clothing concerns accounted for 170.6 billion and the 857 textile companies for 192.4 billion euros. Fanco, in 381st place, was the highest placed Greek clothing firm, followed by Sex Form in 461st and Triumph Int. in 486th. Of the 667, only 36 reported sales in excess of 1 billion euros, accounting together for 48.1 percent of total turnover. The list includes 11 US firms in the top 20 – the top three being Sara Lee, VF Corporation and Levi Strauss; 342 firms are based in the EU, of which 108 in Italy, 72 in Germany, 36 in France, 35 in Japan and 23 in Turkey. Zara recorded the highest sales growth rate, 24.3 percent. The Klonatex group, in 186th position, was the highest placed Greek concern among the world’s 857 largest textile groups; Hellenic Textiles followed in 402nd and Epilektos in 521st place. The list also includes Naoussa Spinning Mills, Albio-Viokarpet and Varvaressos. Of the 857, 401 are based in the EU, of which 99 in Belgium (mainly carpet makers), 96 in Italy and 52 in France; 62 are based in Turkey, 48 in Japan, 42 in the USA and 38 in Brazil.