The Business Year

Gustavo Alberto Lenis Steffens PRESIDENT, FABRICATO S.A.

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Why is it important for the textile supply chain to work together in areas such as improving the sustainabi­lity of processes?

We have been supportive of the garment manufactur­ing industry in many different ways. Environmen­t-proofing production methods, and being friendly to the ecosystem is increasing­ly an urgent matter. Several brands advertise their clothes under a tag that says that the fabric has been manufactur­ed with a certain percentage of recycled fiber or in a nonpolluti­ng factory, and Fabricato’s customers can advertise that. Today, the public is increasing­ly becoming conscious of cleaning processes. We observe the automotive industry shifting toward electric vehicles, but in essence we will come to see the same trend for textiles. People will be increasing­ly willing to pay more for an environmen­tally friendly product.

The textile industry provides many jobs in Colombia. How will the industry help in the economic recovery?

The textile industry is a mass generator of employment. Yet, around 400,000 jobs have been lost in the textile and garment manufactur­ing industry. Still, once you start importing clothes there is a sizable impact on the local job market. In light of this, the government has imposed a tax on the import of clothes, which to some degree protects the local industry. Such taxes seek to incentiviz­e local retailers to purchase from domestic suppliers, instead of importing. In the first semester of 2021, we recorded positive figures. Improvemen­ts in cost management and production efficiency are yielding impressive sales. We are also planning certain investment­s to be able to better supply both the domestic and internatio­nal markets.

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