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India - RIL seeks USD 1 bn loan to fund expansion
21 May , 2012 - India [Free]
Reliance Industries is seeking a loan of about USD 1 billion to fund its petrochemicals and telecom expansion. RIL has approached banks for the five-year loan, sources privy to the development said. A company spokesperson did not immed....

India - Raymond to open 500 new outlets
21 May , 2012 - India [Free]
Raymond, pioneer in textile and apparel retailing in India is all set to expand pan India by opening 500 new stores in next three years. All the outlets will be opened via franchise route in tier III, IV and V cities across the country. ....

India - Cotton wilts on slack demand
21 May , 2012 - India [Free]
Cotton declined further on Monday on poor domestic and international demand. Moreover, increased selling by farmers also pulled down prices. Ginners also sold stocks as there was support in sight. Demand weakened due to bleak macro-econ....

UL buys Bangladesh-based Magnus Textile Services
21 May , 2012 - Bangladesh [Free]
US safety science company UL LLC said it had acquired Magnus Textile Services Ltd, a Bangladesh-based provider of testing services and quality inspections for textile products. UL offered no information with regard to financial terms. T....

Higson Group plans to open textile and garment production factory in Serbia
21 May , 2012 - Global [Free]
Minister of Economy and Regional Development Nebojsa Ciric and CEO of Higson Group (HG) Franz Koller signed the Memorandum of understanding regarding the intent of this German company to launch production in Serbia and invest €4 million. After the si....

Some US domestic MEG contracts to head higher in June
21 May , 2012 - USA [Free]
Some US monoethylene glycol contracts are set to increase in June, while others may not increase depending how the Asian spot market goes, industry sources said Friday. There are several contract formulas in the US market. One is based....

Bangladesh - Lack of proper planning, bureaucratic tangle slow down RMG workers` training
21 May , 2012 - Bangladesh [Free]
Knit manufacturers and apparel sector leaders said the process of training up the garment workers for their skill development with government's fund has been slowing down due to lack of proper planning and bureaucratic tangle. The gove....

Burma nears former record in garment export earnings
21 May , 2012 - Burma [Free]
Garment export amounted to about US$ 770 million in 2011, approaching the record figure of $829 million in 2001, the highest annual earning, the Myanmar Garment Manufacturers Association (MGMA) said last week. The Japanese market accou....

India - Domestic demand for apparels may be slow
21 May , 2012 - India [Free]
According to denim giant Arvind, 2012-13 is likely to bring a slowdown in demand for apparel in the domestic market. This due to high inflation rates, a slowing economy, high interest rate costs, a depreciating rupee among other reasons. The company ....

China`s Iranian crude imports fall 24% in April
21 May , 2012 - China [Free]
China's Iranian crude oil imports in April fell 23.7 percent from a year ago, data from China's General Administration of Customs showed Monday. The latest figures come after China International United Petroleum and Chemical Co., or Un....

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