Business Finland’s Decarbonizing Industries campaign is organizing a trade mission to Thailand and Cambodia on 6 – 10 November, 2023.
Thailand's textile and apparel industries are going through a big transformation. The industry is trying to focus more on branding and value creation as they are not able to compete any more with cost driven market as in the past. The industry is very export driven, and increasing sustainability requirements e.g., from the EU market are forcing the Thai industry to transform themselves. While the textile industry in general is looking for circular solutions, large Thai companies have decarbonization high on the agenda, their net zero targets are more ambitious than the national ones.
Cambodia has 500+ exporting garment and footwear factories. Most of these factories are foreign owned and are producing OEM products for world's leading brands. The export value is more than 11 billion USD and 70% of this is going to US and EU markets. Cambodia has hardly any yarn/fabric manufacturing, so it imports these with over 5 billion USD value annually. Value of annual cut waste is nearly 1 billion USD, and nearly all of this material ends up now either to be burned in the boilers or at landfills. There is an opportunity and interest to find better use for this potentially valuable recycling feedstock.
Participating in the Trade mission will give a unique opportunity to meet relevant companies and potential partners from Thailand and Cambodia.
Read more about these market opportunities
Who should attend?
The visit is aimed at Finnish companies that have export solutions for textiles green transition and want to pursue the Thailand and/or Cambodia as a strategic market or partner. The participating companies should have products/solutions/services for
- energy efficiency solutions and renewable energy sources
- textiles recycling (mechanical and chemical) process, technology providers
- water treatment and recycling (esp. for Thailand)
- digital solutions
- new innovative cellulose or waste based fibers, and environmentally friendly chemicals and chemical replacements (esp. for Thailand)
Practicalities and participation fee
To cover the expenses of arranging the business delegation program, the organizers will charge a participation fee.
- Major Companies: 1750 EUR + 24% VAT per person
- Micro Businesses and SMEs: 1450 EUR + 24% VAT per person
Business Finland will invoice the participation fee after the visit based on the actual costs. The invoiced fee will not exceed the amounts mentioned above. Kindly note that the participation fee does not include flights or accommodation of the delegate nor meals outside the delegation program.
