Largest textile facility constructed by a Turkish-Algerian JV in Africa

News Tags: Africa’s largest textile production facility, Algeria’s Industry and Mines Minister, named TAYAL SPA, needs of the domestic market, northwestern Algerian province of Relizance, production to meet, sixty percent would be exported, textile facility is joint venture Turkish-Algerian, total cost of $1.5 billion, Youcef Yousfi inaugurated

Africa
Largest textile facility constructed by a Turkish-Algerian JV in Africa
Summary: 
Algeria’s Industry and Mines Minister Youcef Yousfi inaugurated Africa’s largest textile production facility, named “TAYAL SPA”, in the northwestern Algerian province of Relizance. The textile facility is the result of Turkish-Algerian joint venture which will eventually come at a total cost of $1.5 billion.

Algeria’s Industry and Mines Minister Youcef Yousfi inaugurated Africa’s largest textile production facility, named “TAYAL SPA”, in the northwestern Algerian province of Relizance. The textile facility is the result of Turkish-Algerian joint venture which will eventually come at a total cost of $1.5 billion.

In his speech at the opening ceremony, Yousfi said that 40 percent of the production would meet the needs of the domestic market and 60 percent would be exported.

http://aa.com.tr/en/africa/turkish-algerian-partnership-launches-textile-facility/1031199
0

Maharashtra government to introduce textile policy in two months

News Tags: apart from the Centre's textile package, attract investment, attract textile entrepreneurs, avert existing unit, entire value chain, introduced own textile policies, Maharashtra government, Major Cotton growing states, migrating to other major cotton growing states, new textile policy, other incentives, plans to introduce, TUFS

Mumbai
Maharashtra government to introduce textile policy in two months
Summary: 
Major Cotton growing states have introduced their own textile policies apart from the Centre's textile package, the technology upgradation fund scheme and other incentives, to attract investment. Maharashtra government to attract textile entrepreneurs in the entire value chain and also to avert the existing unit from migrating to other major cotton growing states is planning to introduce a new textile policy in next two months.

Major Cotton growing states have introduced their own textile policies apart from the Centre's textile package, the technology upgradation fund scheme and other incentives, to attract investment. Maharashtra government to attract textile entrepreneurs in the entire value chain and also to avert the existing unit from migrating to other major cotton growing states is planning to introduce a new textile policy in next two months.

http://www.business-standard.com/article/economy-policy/maharashtra-government-to-introduce-textile-policy-in-two-months-118011500658_1.html
0

Nylon market stable to weak on dull demand

In China, nylon FDY70D/24F SD prices were unchanged in the first week of January, while FDY40D was stable during the week. Nylon DTY 70D/24F prices were firm while 30D/10F prices fell US cents 5 a kg on the week. Monofilament 30D prices were steady while nylon staple fiber 1.5D prices rolled over on the week.

Nylon filament yarn prices softened that week in tandem with declining nylon chip prices amid lackluster demand. Producers operated at higher rates given passable profits while demand was stable. Demand was rigid as buyers were unwilling to pay higher prices.

News Tags: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Caprolactum prices range-bound in Asia

The SE and FE Asian caprolactum markers on the lower end were stable in the first week of January. In China, spot liquid good offers were up US$17 a ton due to strong local currency while solid goods rose US$17 a ton on the week.

Caprolactum prices in Asia remained range-bound that week despite rebounding benzene cost while supply was ample. In China, CPL offers were largely stable as support from benzene market helped prices to stay afloat, however demand was slightly weak during the week.

News Tags: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

India cotton traders cancel export deals after rally in domestic prices

News Tags: 000 bales of the fibre, Cancellations of export contracts, cancelled contracts to export, Cotton Association of India, could cut India's exports, each of 170kg, higher local prices, in the 2017/18 marketing year, Indian cotton traders, made overseas sales unattractive, rising rupee, some 400, started on 1 October, to 5 million bales

Mumbai
India cotton traders cancel export deals after rally in domestic prices
Summary: 
The cancellations of export contracts and higher local prices could cut India's exports to 5 million bales, each of 170kg, in the 2017/18 marketing year started on 1 October—nearly a quarter below an initial estimate, said the president of Cotton Association of India, Atul Ganatra.

The cancellations of export contracts and higher local prices could cut India's exports to 5 million bales, each of 170kg, in the 2017/18 marketing year started on 1 October—nearly a quarter below an initial estimate, said the president of Cotton Association of India, Atul Ganatra.

Indian cotton traders have cancelled contracts to export some 400,000 bales of the fibre after a rally in domestic prices and the rising rupee made overseas sales unattractive.

http://www.livemint.com/Politics/KTIu9TE3EWWbFMVqVQAt6O/India-cotton-traders-cancel-export-deals-in-pivot-to-local-m.htmlm
0

Bangladesh garment manufacturers invited to invest in Kyrgyztan

News Tags: Bangladesh apparel, invited businessmen, joint investment in developing the sector, Kyrgyzstan’s Honorary Consul appointed in Dhaka, meeting with BGMEA, placed proposal of investing, readymade garment in Kyrgyztan, set up readymade garment factories, Temirbek Erkinov

Dhaka
Bangladesh garment manufacturers invited to invest in Kyrgyztan
Summary: 
Temirbek Erkinov, Kyrgyzstan’s Honorary Consul appointed in Dhaka, during his meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Siddiqur Rahman at the latter’s Dhaka office on January 9, 2018 placed the proposal of investing in readymade garment in Kyrgyztan.

Temirbek Erkinov, Kyrgyzstan’s Honorary Consul appointed in Dhaka, during his meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Siddiqur Rahman at the latter’s Dhaka office on January 9, 2018 placed the proposal of investing in readymade garment in Kyrgyztan.

Kyrgyzstan wants Bangladeshi apparel manufacturers to set up readymade garment factories there and has even invited businessmen for joint investment in developing the sector.

https://bd.apparelresources.com/business-news/manufacturing/kyrgyzstan-invites-bangladesh-garment-entrepreneurs-invest/
0

Textile Youth Leadership Summit 2018 took place in Dhaka yesterday

News Tags: apparel industry, Bangladesh Textile Today, in partnership with Dysin, Innovation and Entrepreneurship for Transformation, organized Textile Youth Leadership Summit 2018, textile sector in Bangladesh, theme of the summit, view to engage youth leadership

Dhaka
Textile Youth Leadership Summit 2018 took place in Dhaka yesterday
Summary: 
Bangladesh Textile Today, in partnership with Dysin organized Textile Youth Leadership Summit 2018 with a view to engage youth leadership in the industry on Friday 12 January 2018 in Dhaka. The theme of the summit was “Innovation and Entrepreneurship for Transformation”.

Bangladesh Textile Today, in partnership with Dysin organized Textile Youth Leadership Summit 2018 with a view to engage youth leadership in the industry on Friday 12 January 2018 in Dhaka. The theme of the summit was “Innovation and Entrepreneurship for Transformation”.

The program was chaired by Prof Dr Engr Ayub Nabi Khan, Pro-Vice Chancellor of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) University of Fashion & Technology, and graced by the attendance of Engr Shafiqur Rahman, President, Institution of Textile Engineers & Technologies.

http://banglaapparel.com/en/news/2018-01-12_20:00:50:0.062940001515765650.en.html
0

Pak exporters unable to finalize orders with European buyers over high price

News Tags: cost advantage, ended on Friday, European consumers, four-day Heimtextil fair, Pakistan exhibitors, Pakistani companies, Pakistani companies took part, received encouraging response, set up by TDAP, stall in the pavilion, still regional rivals edge out, world’s biggest exhibition of home textile

Frankfurt
Pak exporters unable to finalize orders with European buyers over high price
Summary: 
More than 200 Pakistani companies took part in the four-day Heimtextil fair, the world’s biggest exhibition of home textile that ended on Friday. They had put up stall in the pavilion set up by the state owned Trade Development Authority of Pakistan. The Pakistan exhibitors received encouraging response from European consumers, but still regional rivals edge out Pakistani companies in many cases due to cost advantage.

More than 200 Pakistani companies took part in the four-day Heimtextil fair, the world’s biggest exhibition of home textile that ended on Friday. They had put up stall in the pavilion set up by the state owned Trade Development Authority of Pakistan. The Pakistan exhibitors received encouraging response from European consumers, but still regional rivals edge out Pakistani companies in many cases due to cost advantage.

https://tribune.com.pk/story/1607248/2-high-prices-drive-away-interested-european-buyers-say-exporters/
0

Iran’s textile sector sees upward trend in exports

News Tags: as well as carpet, export development, exports value, first eight months of current fiscal year, increased by 18 percent, Iran’s textile and leather sector, sector covers textile and clothing products, Trade Promotion Organisation of Iran, USD908 million

Tehran
Iran’s textile sector sees upward trend in exports
Summary: 
Iran’s textile and leather sector’s exports value have increased by 18 percent to $908 million during the first eight months of the current fiscal year (started March 20, 2017). The sector covers textile and clothing products, shoe and leather products as well as carpet, according to Masoud Kamali Ardakani, director general of Trade Promotion Organization of Iran(TPOI) for exports development.

Iran’s textile and leather sector’s exports value have increased by 18 percent to $908 million during the first eight months of the current fiscal year (started March 20, 2017). The sector covers textile and clothing products, shoe and leather products as well as carpet, according to Masoud Kamali Ardakani, director general of Trade Promotion Organization of Iran(TPOI) for exports development.

https://www.azernews.az/region/125436.html
0

Textile Ministry seeks early nod for Rs 170-crore knitwear package

News Tags: boost investment, boost job creation, clear Rs 170-crore special package, comprises small and medium enterprises, employment intensive sector, Finance Ministry, knitwear sector, lift sagging exports, Textile Ministry

New Delhi
Textile Ministry seeks early nod for Rs 170-crore knitwear package
Summary: 
The textile ministry is expecting the finance ministry to clear Rs 170-crore special package for the knitwear sector at the earliest as it is an employment intensive sector so any effort to boost investment will boost job creation and lift sagging exports.

The textile ministry is expecting the finance ministry to clear Rs 170-crore special package for the knitwear sector at the earliest as it is an employment intensive sector so any effort to boost investment will boost job creation and lift sagging exports.

The knitwear industry, which mainly comprises small and medium enterprises, was left out in the earlier scheme of things. Exporters believe that the package can ease the pain especially after the goods and services tax rollout.

https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/textile-ministry-expects-early-nod-for-rs-170-crore-knitwear-package/articleshow/62494609.cms
0
 
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