By  on October 17, 2011

Five years ago, Chile’s textiles and apparel industry was reeling under a massive inflow of Chinese imports, with many fiber makers closing. But a successful restructuring campaign has helped shore up the industry, which is expected to grow 13 percent this year to about $6 billion, according to Arnaldo Flores, president of leading trade lobby Intech.

“Many textile companies have turned into importers while others have transformed into high-end apparel manufacturers and exporters,” Flores said, adding that 70 percent of companies that made mass-market fiber and clothing went bankrupt.

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