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January 18 2007 | Issue No. 320

Highlights:

Vietnam became official member last week, making it the 150th country to join WTO. Vietnam's clothing exports saw quantum jump in last 5 years, increasing by 21% per annum. In 2005, it was US$4.8 bln accounting for 1.7% of World's clothing exports.

Polyester Filament Yarn

PFY prices inched up 2-5 cents in Malaysia/Indonesia in the week of 12 January, despite the fall in upstream raw material prices.

Prices in other markets continued to remain stable, rolling over previous week’s numbers

POY sentiments were low in China and sales was reportedly bearish in Shengze and Changshu markets.

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[05-Jan-09] Linde and Samsung Engineering to build ethylene plant in India
It is reported that the Linde Group and its consortium partner Samsung Engineering of South Korea have been awarded the contract to build a turnkey ethylene plant at Dahej in India. The ...

[05-Jan-09] Turkey imposes anti-dumping duties on textured yarn of polyesters
The Turkish Undersecretariat of Foreign Trade, through Communiqué no. 2008/41 of 31st of December 2008, imposed anti-dumping duties on textured yarn of polyesters originating from Indonesia, People’s ...

[05-Jan-09] Invista opens new airbag fibre plant in Shanghai
Invista, the integrated fibres and polymers businesses, opened its new airbag fibre manufacturing plant in Shanghai, China. The new facility, the largest of its kind in China, specialises in producing...

[05-Jan-09] Pakistan - 3m likely to be jobless if textile units closed
With acute shortage in power and gas supply, the textile industry is likely to result in closing down various units and cause loss of approximately of $ 1 billion per month to the National exchequer ...

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