News Tags

Related Keywords: applying drawback of duty and taxes, DDT claims, Pakistan Hosiery Manufacturers Association, PHMA, revised PM’s export package, seeking detailed procedure, value-added textile exporters

The Pakistan Hosiery Manufacturers Association (PHMA) seeking detailed procedure for applying drawback of duty and taxes (DDT) claims under the revised PM’s export package, as the process of application for DDT has not yet been formulated.

ECC had approved the revised package for exporters in early October and the textile ministry had notified this immediately. But even after a lapse of almost one and half month, no detailed circular was issued by the central bank regarding procedure of drawbacks, PHMA Chairman Khurram Anwar Khawaja said.

Related Keywords: decision-makers of textile, held in Charlotte and Mexico city, leading textile machinery and accessories manufacturers participated, nonwoven and carpet industry, presented latest production technologies, spinning to dyeing and finishing, training session, VDMA textile machinery conference

At the VDMA textile machinery conference held on November 6 in Charlotte, N.C. more than 80 decision-makers of the U.S. textile, nonwoven and carpet industry as well as 25 leading textile machinery and accessories manufacturers participated in the event for the textile industries. While the two-day event held on November 8-9 in Mexico City attracted nearly 450 customers and 30 textile machinery and accessories manufacturers, making it one of the most successful events of the VDMA Textile Machinery Association.

Related Keywords: called S Gene, Cone Denim leading supplier of denim fabrics, incorporating Unifi’s Repreve brand yarn, into a stretch denim fabric, recycled material, sustainable fabric, top denim apparel brands

Cone Denim leading supplier of denim fabrics to top denim apparel brands since 1891 announced that the company is incorporating Unifi’s Repreve brand yarn, a recycled material into a stretch denim fabric called S Gene introduced a decade ago.

Delores Sides, a spokesman for Cone Denim, said that the company's S Gene stretch technology dates back to 2007. Back then it was described by Cone Denim as a "breakthrough" collection of premium stretch technology that conformed to the body without sacrificing softness.

Related Keywords: cotton bales, cotton market witnessed, discouraging buying at large scale, paying premium price for good lint, prices remained on higher side, Renewed buying interest, Shortage of quality cotton, spinners sought to replenish stocks, trading could not expand

The cotton market on Tuesday witnessed renewed buying interest as spinners sought to replenish their stocks, paying premium price for good lint. Consequently, prices remained on the higher side discouraging buying at large scale.

Due to high cotton prices, phutti (seed cotton) prices moved higher and were being quoted in the range of Rs2,900-3,300 for Sindh quality and Rs3,000-3,400 for Punjab variety.

Higher cotton yarn prices were also adversely impacting yarn market as they threaten value-added textile industry’s viability.

Related Keywords: undefined

Togo, a West African nation on the Gulf of Guinea, during the ongoing season 2017-18 which open in May this year expects cotton production of 130,000 tons an increase of 20.37 percent over last season’s cotton output of 108,000 tons, according to the estimates released by the Nouvelle Société Cotonnière du Togo (NSCT).

The increase in cotton production is expected as cotton is sown on 170,000 hectares compared to the planned sown area of 160,000 hectares.

Related Keywords: capital subsidy, Co -Chairman S K Khandelia, discuss draft textile policy for the State. Chairman L K Jhunjhunwala, FICCI detailed suggestions formulated, Meeting called by the Chief Minister Yogi Adityanath, Open access for existing and new units, policy to uplift the textile sector, welcomed draft Textiles Policy of UP

At a meeting called by the Chief Minister Yogi Adityanath, to discuss the draft textile policy for the State. Chairman L K Jhunjhunwala and Co -Chairman S K Khandelia who attended the meeting on Tuesday welcomed the draft Textiles Policy of UP, claiming in a statement that this policy will uplift the sector in the State.

Prior to the release of the draft policy, FICCI had submitted detailed suggestions to the UP Government for formulation of a vibrant and competitive Textiles Policy.

Related Keywords: as well as interest subvention, at six percent per annum, both for working capital, extent of 20 percent of the project cost, Government has introduced Pradhan Mantri Credit Scheme, government will provide margin money subsidy, powerloom weavers, provide financial assistance of up to 90 percent, term loans, with a ceiling of Rs 1 lakh

The government has introduced Pradhan Mantri Credit Scheme for powerloom weavers , under this scheme it will provide financial assistance of up to 90 percent. The government will provide margin money subsidy to the extent of 20 percent of the project cost, with a ceiling of Rs 1 lakh, as well as interest subvention at six percent per annum, both for working capital and term loans up to Rs 10 lakh for a maximum of five years.

Related Keywords: Ahmedabad Textile Industry's Research Association, ATIRA, centre will be instrumental, developing various textiles, FICC for Composites, Focussed Incubation Centre, glass and aramid yarn, partly sponsored by Union ministry of textile, prepared from composite materials such as carbon, promote technical textiles, recently inaugurated

A Focussed Incubation Centre for Composites (FICC ) partly sponsored by the Union ministry of textile to promote technical textiles was recently inaugurated at Ahmedabad Textile Industry's Research Association (ATIRA). The centre will be instrumental in developing various textiles prepared from composite materials such as carbon, glass and aramid yarns, among others.

Related Keywords: Cotton Association of India, cotton bales, due to pink bollworm attacks in some states, likely to see jump in cotton prices, prices have increased by Rs250-300 per quintal last week, six to seven percent in a week, Trade is speculating a big fall in cotton output

As the trade is speculating a big fall in cotton output due to pink bollworm attacks in some states, even though there is little clarity yet on the extent of the damage. Prices have increased by Rs250-300 per quintal last week and it is likely to see jump in cotton prices by 6to7 percent in a week.

Various government and trade bodies have undertaken surveys to reassess the crop. A Maharashtra government official, who did not want to be named, said the fall in yields could be 15-20%.

Related Keywords: 000 barrels per day of crude oil, 400, base oils annually, complex will start operations by 2025, COTC complex, crude oil to chemicals, expected to process, fully integrated petrochemicals complex, in Saudi Arabia, produce approximately 9 million tons of petrochemicals, SABIC, Saudi Aramco, Saudi Basic Industries Corporation, signs MoU to built

Saudi Aramco signs a MoU with Saudi Basic Industries Corporation (SABIC) to built a fully integrated petrochemicals complex in Saudi Arabia. The crude oil to chemicals (COTC) complex is expected to process 400,000 barrels per day of crude oil, which will produce approximately 9 million tons of petrochemicals and base oils annually. It is expected that complex will start operations by 2025.