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India - Textile and clothing sector welcomes debt relief
30 May , 2012 - India [Free]
The textiles and clothing industry has hailed the Centre's recent decision to restructure a debt of Rs.35,000 crore of textile firms on a case-to-case basis. In a meeting with the Finance Minister Tuesday, Union Textiles Minister Anand....

Europe June PE prices expected to drop in line with ethylene
30 May , 2012 - Global [Free]
European polyethylene (PE) prices will likely settle down by as much as €120/tonne ($150/tonne) in June, following the fall in the ethylene monomer contract, several producers said on Wednesday. The June ethylene contract settled at €1,2....

India - Sumeet Ind commissions new polyester filament yarn and power plants
30 May , 2012 - India [Free]
Sumeet Industries announced Wednesday it has successfully commissioned polyester filament yarn (POY/FDY) plant and 8.6 MW gas based Genset captive power plant. By implementation of this project the total spinning capacity of POY and FDY....

India - SEL to foray into home furnishing, invest over Rs 1,500 crore
30 May , 2012 - India [Free]
Textile major SEL Manufacturing on Wednesday said it plans to foray into home furnishing segment by setting up a new facility in Punjab which would entail investments of more than Rs 1,500 crore. The company has forwarded a proposal to ....

India - Government not likely to review decision to allow cotton exports any time soon
30 May , 2012 - India [Free]
The government is not likely to review its decision to allow cotton exports any time soon as domestic prices have remained stable after the export ban was lifted last month and there is no apparent scarcity in the local markets. The grou....

China - Cotton demand expected to rebound
30 May , 2012 - China [Free]
China's domestic cotton consumption is positive this year despite its economic slowdown, the Cotton Council International, the export promotion arm of the US National Cotton Council, has said. "We are very optimistic about China's retai....

Pakistan - Value-added textile sector unable to entertain fresh export orders
30 May , 2012 - Pakistan [Free]
As electricity and gas shortage folded 70 percent production, Pakistan's value-added textile sector has started shunning entertaining fresh global export orders for its failure to ensure timely shipments to the buyers, exporters said on Tuesday. ....

India - Tirupur exporters welcome textile industry debt restructuring package
30 May , 2012 - India [Free]
The Tirupur Exporters' Association has welcomed the Rs 35,000-crore debt restructuring approved by the Finance Ministry for the textile industry. According to a press release from the Association, the Finance Ministry approved the debt ....

India - Vijay Textiles posts Rs 1 cr loss
30 May , 2012 - India [Free]
Lacklustre sales dragged Vijay Textiles Ltd into negative territory as the company posted a net loss of Rs 1.04 crore for the March 31, 2012 quarter. In the corresponding quarter of the previous fiscal it had made a net profit of Rs 0.75 crore. ....

Cotton price to remain under pressure in short term
30 May , 2012 - Australia [Free]
Cotton may remain under pressure in the short term after prices tumbled in the past month, Australia and New Zealand Banking Group Ltd. (ANZ) said. The crop in Australia, the world’s third-biggest cotton exporter, may be as much as 20 p....

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