Polyester yarn prices rise 6-8 per cent in the past one month and 12-15 per cent in past 3 months

News Tags: fabric production, MEG are also rising, polyester yarn prices, prices of petrochemicals like DMT, PTA, raw materials for producing polyester yarn largely used by Surat based power looms, Surat based power looms, Surat textile industry, Surat textile weavers and processors, synthetic fabric, yarn

Mumbai
Summary: 
There was a meeting last week of all Surat power loom co-operatives and job workers involving hundreds and thousands of workers where they have proposed to reduce daily operating shifts from three to two. Many employees are also starting to go on leave. Reducing shift means fall in production. A leading composite mill executive said that post GST, there was a fall in a third of Surat synthetic fabric production.

There was a meeting last week of all Surat power loom co-operatives and job workers involving hundreds and thousands of workers where they have proposed to reduce daily operating shifts from three to two. Many employees are also starting to go on leave. Reducing shift means fall in production. A leading composite mill executive said that post GST, there was a fall in a third of Surat synthetic fabric production.

http://www.business-standard.com/article/economy-policy/surat-s-textile-sector-faces-cost-push-crisis-as-key-imput-prices-surge-118051500463_1.html
0

Textile millers expresses concern over the proposed price hike of industrial gas

News Tags: Bangladesh Chambers of Commerce and Industry, Bangladesh Textile Mills Association, Ha-Meem Group a leading garment exporter, Jalal Ahmed Spinning Mills Ltd, Little Star Spinning Mills Ltd, Petrobangla, Spinners, spinners currently pay Tk 9.62 for every cubic metre of gas and use Tk 8 to Tk 9 worth of gas to produce a kilogramme of yarn, Titas Gas Transmission and Distribution Company, yarn

Bangladesh
Summary: 
Abul Mansur Md Faizullah, chairman of Petrobangla, the state-owned gas and power supplying authority, said the government has imported liquefied natural gas (LNG) to meet the demand in the industrial sector. The government has also removed 122 percent tax on import of LNG, putting only 15 percent VAT in place for this imported gas, he said. He said the government has started giving gas connections to the industrial units.

Abul Mansur Md Faizullah, chairman of Petrobangla, the state-owned gas and power supplying authority, said the government has imported liquefied natural gas (LNG) to meet the demand in the industrial sector. The government has also removed 122 percent tax on import of LNG, putting only 15 percent VAT in place for this imported gas, he said. He said the government has started giving gas connections to the industrial units. Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister, said the government would launch a crackdown on Titas to cut corruption.

https://www.thedailystar.net/business/textile-millers-decry-proposed-gas-price-hike-1567015
0

R&D, technology transfer and training gets ₹ 1,000 cr funding

News Tags: Quality Certification System, seed, silk, Textiles, yarn

Mumbai
Summary: 
To achieve self-sufficiency in silk production by 2022, production of high grade silk in India is expected to reach 20,650 tonne by 2022 from the current level of 11,326 tonne thereby reducing imports to zero. Initiative is part of ₹ 2161.68 crore package for silk industry approved by the Cabinet. The effort is part of the ₹ 2,161.68 crore `Integrated Scheme for Development of Silk Industry’ approved by the Cabinet on Wednesday for three years from 2017-18 to 2019-20.

To achieve self-sufficiency in silk production by 2022, production of high grade silk in India is expected to reach 20,650 tonne by 2022 from the current level of 11,326 tonne thereby reducing imports to zero. Initiative is part of ₹ 2161.68 crore package for silk industry approved by the Cabinet. The effort is part of the ₹ 2,161.68 crore `Integrated Scheme for Development of Silk Industry’ approved by the Cabinet on Wednesday for three years from 2017-18 to 2019-20.

https://www.thehindubusinessline.com/economy/textile-ministry-to-set-up-inter-ministerial-panel-on-rd-with-1000-cr-funding/article23322855.ece
0

Cheap Chinese imports via Bangladesh route hit local textile industry

News Tags: blanket, blazer, China exploiting and entering, comprising primarily MSMEs, difficult time to textile industries, finished fabrics, houses a number textile units, Indian market at cheap price, Industrial areas of Ludhiana in Punjab as well as Bhilwara in Rajasthan, Punjab Pradesh Beopar Mandal, routing through Bangladesh, shirting, suiting, yarn

New Delhi
Cheap Chinese imports via Bangladesh route hit local textile industry
Summary: 
China is exploiting and entering the Indian market at cheap price by routing its yarn and finished fabrics through Bangladesh route giving a difficult time to the textile industries at home, comprising primarily of the Micro, Small and Medium Enterprises (MSMEs), said Punjab Pradesh Beopar Mandal President PL Seth.

China is exploiting and entering the Indian market at cheap price by routing its yarn and finished fabrics through Bangladesh route giving a difficult time to the textile industries at home, comprising primarily of the Micro, Small and Medium Enterprises (MSMEs), said Punjab Pradesh Beopar Mandal President PL Seth.

Seth said that since Bangladesh is exempted from paying any duty under the SAARC agreement, Chinese yarn and finished fabric is able to enter our markets through Bangladesh.

http://www.menafn.com/1096417860/Chinese-imports-via-Bangladesh-route-hurting-local-textile-industry-Punjab-Pradesh-Beopar-Mandal
0

Vietnam textile industry facing challenges brought by automation

News Tags: fabric and dyeing sectors, facing great challenge, focus on developing modern skills, labour-replacement process, meeting requirements of productivity, need some 300-400 engineers every year, quality and fashion trends, train workers to modernise production, universities supply only around 30, Vietnam textile and garment industry, yarn

HCM city
Vietnam textile industry facing challenges brought by automation
Summary: 
Vietnam textile and garment industry facing a great challenge in meeting the requirements of productivity, quality and fashion trends as the yarn, fabric and dyeing sectors need some 300-400 engineers every year, while universities supply only around 30, according to experts.

Vietnam textile and garment industry facing a great challenge in meeting the requirements of productivity, quality and fashion trends as the yarn, fabric and dyeing sectors need some 300-400 engineers every year, while universities supply only around 30, according to experts.

Hoàng Xuân Hiệp, principal of the Hà Nội Industrial Garment and Textile University said that trained workers only account for around 25 percent of the workers in the sector. There is a training shortfall.

http://vietnamnews.vn/society/419266/textile-industry-in-the-throes-of-change-brought-by-automation.html#sbTxGqJY6lb6DhbX.97
0

Renovated mill creates export quality yarn

News Tags: bed sheets, China, Kerala, manufacturing jeans, State Industries Minister, Thailand, yarn

Kerala
Renovated mill creates export quality yarn
Summary: 
The State Industries Minister of Kerala AC Moideen has recently flagged the first shipment of yarn from the Thiruvananthapuram district which is being exported to China and Thailand for manufacturing jeans and bed sheets.

The State Industries Minister of Kerala AC Moideen has recently flagged the first shipment of yarn from the Thiruvananthapuram district which is being exported to China and Thailand for manufacturing jeans and bed sheets.

The batch has been created in the newly renovated Trivandrum Spinning Mills (TSM) in Balaramapuram in Thiruvananthapuram district of Kerala The mill, equipped with the latest machinery imported from Germany, China and the Czech Republic, has increased its capacity to 360 rotors.

https://india.breakingnow.co/newindianexpress/with-its-yarn-this-mill-eyes-a-few-yuan/
0

T.T Ltd plans to establish T.T. Bazaar stores, to penetrate markets

News Tags: brand focus consumers, cotton, covers entire spectrum of Indian textile sector, establish T.T. Bazaar stores, fabric, flagship company of T.T. Group, founded by Dr Rikhab Chand Jain, garments and accessories, middle class, penetrate markets, T.T. Ltd, yarn

New Delhi
T.T Ltd plans to establish T.T. Bazaar stores, to penetrate markets
Summary: 
T.T. Ltd, a flagship company of the 65-year-old T.T. Group, founded by Dr Rikhab Chand Jain which covers the entire spectrum of the Indian textile sector – cotton, yarn, fabric, garments and accessories. They are a fully vertically integrated concern and self-contained textile producer, and garment manufacturer which allows them to deliver consistent quality at reasonable prices is now actively looking at establishing T.T. Bazaar stores to penetrate markets with their complete range, eyeing Rs1000 crore revenue in the next fiscal reveals MD, T.T. Ltd, Sanjay K Jain.

T.T. Ltd, a flagship company of the 65-year-old T.T. Group, founded by Dr Rikhab Chand Jain which covers the entire spectrum of the Indian textile sector – cotton, yarn, fabric, garments and accessories. They are a fully vertically integrated concern and self-contained textile producer, and garment manufacturer which allows them to deliver consistent quality at reasonable prices is now actively looking at establishing T.T. Bazaar stores to penetrate markets with their complete range, eyeing Rs1000 crore revenue in the next fiscal reveals MD, T.T. Ltd, Sanjay K Jain.

http://www.indiaretailing.com/2017/09/08/fashion/t-t-ltd-to-establish-t-t-bazaar-stores-eyes-rs-1000-crore-revenue-in-next-fiscal/
0

Cotton buying firm during trading session

News Tags: buyers bought all qualities of lint, cotton trading remained firm, growing demand of garments, high prices to the buyers, Karachi Cotton Association, leading ginners, offered by ginners, offered few stocks, sensing future demand of quality lint, slightly higher prices, spinners bought quality cotton, steady spot rate, trading session, yarn

Karachi
Cotton buying firm during trading session
Summary: 
During the trading session, buyers bought all qualities of lint offered by the ginners, leading ginners sensing future demand of quality lint offered few stocks on high prices to the buyers. While, spinners bought quality cotton on slightly higher prices during the session.

During the trading session, buyers bought all qualities of lint offered by the ginners, leading ginners sensing future demand of quality lint offered few stocks on high prices to the buyers. While, spinners bought quality cotton on slightly higher prices during the session.

The cotton trading remained firm amid steady spot rate and around 1,500 bales changed hands.

Ghulam Rabbani, a senior trader said that the buyers were accepting a bit higher prices as the leading millers bought around 900 bales at Rs around 6,575 per maund during the session.

http://dailytimes.com.pk/business/18-Aug-17/cotton-buying-remains-firm-amid-steady-spot-rate
0

Demand for reduction of GST rate on MMF and yarn

News Tags: accumulation of excess credit, affect independent weaving, become a blocked credit, eighteen percent rate on yarn, increase fabric cost, MMF, reduction of GST rate on manmade fiber, refund to be permitted for fabric manuafacturers, spinning units, Textile mills, to twelve percent, yarn

Coimbatore
Demand for reduction of GST rate on MMF and yarn
Summary: 
Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers.

Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers.

According to Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation, about 430 mills have recently sent their appeal to the Prime Minister’s Office in this regard.

While the rate for fabric is 5 percent that for yarn and fibre is 18 percent. Fabric manufacturers do not have the provision of refund and hence, this would become a “blocked credit”.

http://www.thehindu.com/news/cities/Coimbatore/textile-mills-seek-reduction-of-duty-for-mmf/article19098103.ece
0

INTEXPO an Indian Textile Exhibition to be held in Ethiopia

News Tags: display wide range of handmade textile products, dress material fabric, exclusive exhibition for hand-made textile products, exhibition part of Indian government Export Promotion Program, Indian artisan, Indian textile exhibition, INTEXPO Ethiopia, made-ups and accessories., organized by SRTEPC, shirting, suiting, yarn

Africa
INTEXPO  an Indian Textile Exhibition to be held in Ethiopia
Summary: 
Indian Textile Exhibition (INTEXPO) Ethiopia, an exclusive exhibition for hand-made textile products of Indian artisan is organized by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC). The exhibition is part of Indian government Export Promotion Program for the year 2016-17.

Indian Textile Exhibition (INTEXPO) Ethiopia, an exclusive exhibition for hand-made textile products of Indian artisan is organized by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC). The exhibition is part of Indian government Export Promotion Program for the year 2016-17.

http://www.waltainfo.com/index.php/news/detail/27991
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Polyester yarn prices rise 6-8 per cent in the past one month and 12-15 per cent in past 3 months  
  21 May , 2018 Read full story  
To support female textile artisans, the British Council and IMG Reliance Ltd sign an agreement  
  21 May , 2018 Read full story  
Swiss-Pak bilateral trade promisingly increasing for the past three years  
  21 May , 2018 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button