The carpet sector in Flanders is suffering the effects of the economic downturn more severely than most other industries, according to a report in De Standaard. The once-flourishing industry, based mainly in West Flanders, was traditionally heavily dependent on the British market, where most homes are fitted with wall-to-wall carpets. But the collapse in the British property market has led to a sharp drop in orders. Coupled with the fall in the value of the pound and stiff competition from Turkey, this has led to a major crisis in West Flanders.
The Flemish textile group Beaulieu International Group (BIG), which in the past dominated the world market for woven and tufted carpets, is now cutting back production. It recently closed down two subsidiaries in northern France, with the loss of 344 jobs, having already cut 500 jobs in two Flemish plants last year. The company, which now employs about 3,000 people, made a net loss of €64.6 million in 2008.
(July 22, 2024)