Apparel textile sourcing Canada show wraps up in Toronto

Related Keywords: apparel, ATSC, buying, Canada, Chin, e-commerce, export, import, show, sourcing, Textile, Torronto

Canada
Apparel textile sourcing Canada show wraps up in Toronto
Summary: 
One year after the global trade wars ignited, thousands of representatives from the Canadian apparel and textile industry – from designers and brands, to retailers, e-commerce sellers, importers and buying offices – were out in full force at the fourth annual Apparel Textile Sourcing Canada (ATSC) show in Toronto last week in search of trade policy updates, future market

One year after the global trade wars ignited, thousands of representatives from the Canadian apparel and textile industry – from designers and brands, to retailers, e-commerce sellers, importers and buying offices – were out in full force at the fourth annual Apparel Textile Sourcing Canada (ATSC) show in Toronto last week in search of trade policy updates, future market directions, and new opportunities for international trade and sustainable global sourcing.

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Indian textile sector suffering in international market

Related Keywords: apparel, Bangladesh, China, clothing, cotton, export, fabric, import, India, Textile, Vietnam, yarn

India
Indian textile sector suffering in international market
Summary: 
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry. Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.

Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.

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Polyester fabric production falls by half

Related Keywords: fabric, GST, import, India, man-made, MMF, polyester, raw material, technology, Textile, yarn

India
Polyester fabric production falls by half
Summary: 
With production on a nosedive, all is definitely not well in the country’s largest man-made fabric (MMF) hub. Polyester fabric has decreased production by almost half from 13,000 metric tonne (MT)to 7,500MT per annum. In its report, the textile committee of Southern Gujarat Chamber of Commerce and Industry (SGCCI), stated that the growth rate of polyester fabric production has decreased by 40% per annum after the central government

With production on a nosedive, all is definitely not well in the country’s largest man-made fabric (MMF) hub. Polyester fabric has decreased production by almost half from 13,000 metric tonne (MT)to 7,500MT per annum.

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Puma preparing for tariff disruption

Related Keywords: Bangladesh, brand, China, consumers, Germany, import, price, Puma, sportswear, US, Vietnam

Germany
Puma preparing for tariff disruption
Summary: 
Sportswear brand Puma has warned that an increase in the price of its products is inevitable should proposed tariffs on more China-made products imported into the US come into effect. Chief executive Bjorn Gulden has said the brand is already taking action in response to the situation. This has included moving some of its production from China to other countries like Vietnam, Bangladesh

Sportswear brand Puma has warned that an increase in the price of its products is inevitable should proposed tariffs on more China-made products imported into the US come into effect.

Chief executive Bjorn Gulden has said the brand is already taking action in response to the situation. This has included moving some of its production from China to other countries like Vietnam, Bangladesh and Cambodia.

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MMI Textiles, Inc. aquires assets of Competition Textiles

Related Keywords: customers, fabrics, import, MMI, stock, Textile

United States
MMI Textiles, Inc. aquires assets of Competition Textiles
Summary: 
MMI Textiles, Inc., a diversified supplier of fabrics, trims, hardware and other notions has acquired the assets of Competition Textiles. Mike Wire, the former owner of Competition Textiles, has been in the textile industry for 40 years, and started Competition Textiles in 1996 after 17 years with Top Value Fabrics. Competition Textiles is a synergistic acquisition for MMI as they are also a woven fabric converter, as well as an importer

MMI Textiles, Inc., a diversified supplier of fabrics, trims, hardware and other notions has acquired the assets of Competition Textiles. Mike Wire, the former owner of Competition Textiles, has been in the textile industry for 40 years, and started Competition Textiles in 1996 after 17 years with Top Value Fabrics. Competition Textiles is a synergistic acquisition for MMI as they are also a woven fabric converter, as well as an importer of fabrics, that will enhance the existing stock line for MMI Textiles to offer their large, domestic and international customer base.

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Footwear demand to grow by 4% till 2023 in US

Related Keywords: 2023, Adidas, brand, demand, footwear, Freedonia, import, market, purchasing, research, United States

United States
Footwear demand to grow by 4% till 2023 in US
Summary: 
Even as trade war jitters and changes in sourcing have shaken the footwear industry in the United States and abroad, a new report claims the sector should still expect solid growth in demand over the next four years. In its most recent batch of “Focus Reports,” The Freedonia Group, a division of MarketResearch.com, said the current footwear market will grow 4 percent in value, from $26.8 billion in 2018 to $32.6 billion in 2023. However, the growth

Even as trade war jitters and changes in sourcing have shaken the footwear industry in the United States and abroad, a new report claims the sector should still expect solid growth in demand over the next four years.

In its most recent batch of “Focus Reports,” The Freedonia Group, a division of MarketResearch.com, said the current footwear market will grow 4 percent in value, from $26.8 billion in 2018 to $32.6 billion in 2023. However, the growth will not be equally spread across categories.

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Cotton prices become steady

Related Keywords: association, bales, cotton, crop, export, import, Pakistan, POMA, prices, Sales, seed

Pakistan
Cotton prices become steady
Summary: 
Cotton prices were stable on the market on Saturday amidst modest trading. The Karachi Cotton Association kept its spot rate unchanged at Rs8,200. Cotton experts said a steady trend prevailed in the market as the cotton arrival which is improving with each passing day. They said the quality of cotton from Sindh is attractive for mill owners. Phutti (seed cotton) from Sindh is priced higher by Rs100 and ranged Rs3,600-4,225 while Punjab variety is pegged

Cotton prices were stable on the market on Saturday amidst modest trading. The Karachi Cotton Association kept its spot rate unchanged at Rs8,200.

Cotton experts said a steady trend prevailed in the market as the cotton arrival which is improving with each passing day.

They said the quality of cotton from Sindh is attractive for mill owners. Phutti (seed cotton) from Sindh is priced higher by Rs100 and ranged Rs3,600-4,225 while Punjab variety is pegged at Rs3,550-4,150.

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China to introduce qualified overseas traders for cotton futures

Related Keywords: China, Commodity Exchange, cotton, exchange, export, future, import, overseas traders, PTA, statistics, Textile, trading

China
China to introduce qualified overseas traders for cotton futures
Summary: 
China's Zhengzhou Commodity Exchange said it will promote the introduction of qualified overseas traders in the trading of cotton futures. The exchange listed the goal in a recently-issued white paper on cotton futures. As the world's largest producer, consumer and exporter of textile, China listed cotton

China's Zhengzhou Commodity Exchange said it will promote the introduction of qualified overseas traders in the trading of cotton futures.

The exchange listed the goal in a recently-issued white paper on cotton futures.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on the exchange in June 2004 to help cotton-related enterprises hedge the price risk. Since 2004, a daily average of 144,000 lots (5 tonnes per lot) have been traded.

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China cotton association to request waiver from import tariffs on U.S

Related Keywords: bales, China, cotton, export, fiber, import, tariff, Textiles, trade war, United States

China
China cotton association to request waiver from import tariffs on U.S
Summary: 
The China Cotton Association will submit an application on behalf of its members for a waiver on import duties on uncombed cotton from the United States, according to a statement on its website on Thursday. The Ministry of Finance posted a list of goods, including cotton that has not been carded

The China Cotton Association will submit an application on behalf of its members for a waiver on import duties on uncombed cotton from the United States, according to a statement on its website on Thursday.

The Ministry of Finance posted a list of goods, including cotton that has not been carded or combed, at the end of May that could be eligible for waivers on tariffs that China imposed in July on U.S. goods as part of the China-U.S. trade war.

Waiver applications need to be submitted by July 5.

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Sportswear giant set to tap Indian firms

Related Keywords: Adidas, import, India, PET bottles, plastic, polyester, Polygenta, sportswear, upcycling

India
Sportswear giant set to tap Indian firm’s
Summary: 
Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles. At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester

Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles.

At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester filament yarn.

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