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Akij Jute Mills to acquire Malaysian firms

Related Keywords: AKIJ Jute Mills Ltd, catering to carpet manufacturers, end users of jute yarn all over the world, export oriented Jute yarn Industry, gets green light to remit, invest in overseas purchase, Malaysian fibreboard manufacturing firm Robin Resources, set to become seventh Bangladeshi company, subsidiary Robina Flooring, unit of Akij Group

AKIJ JUTE MILLS LTD a unit of Akij Group is a export oriented Jute yarn Industry catering to the need to carpet manufacturers and other end users of jute yarn all over the world is all set to become the seventh Bangladeshi company to invest in overseas purchase of Malaysian fibreboard manufacturing firm Robin Resources and its subsidiary Robina Flooring after the government yesterday gave it the green light to remit $20 million to acquire Malaysian company along with its subsidiary for $80 million.

Bihar signs MoU with NHDC for yarn supply to weavers

Related Keywords: Bihar, e-Dhaga mobile application, financial stability for weavers, first state in the country, free transport cost, NHDC, on credit for 45 days, p provide yarn to state weavers, satrangi chadar scheme, sign a MoU, signed an agreement, State industries department on Tuesday, with National Handloom Development Corporation, Yarn Supply Scheme

Bihar, became the first state in the country to sign a memorandum of understanding (MoU) with National Handloom Development Corporation (NHDC). The State industries department on Tuesday signed an agreement to provide yarn on credit to weavers for 45 days.

It is the first time in the country that weavers in a state will be provided raw material on credit along with subsidy and free transport cost. In fact, the yarn supply scheme was conceptualized by industries department.

Uzbekistan signs textile export contracts for more than $1bn

Related Keywords: companies from Russia, export of finished textile products, following International Uzbek Cotton and Textile Fair, knitted fabric, knitted products, Moldova and other countries, more than $1 billion, semi-finished products, signed large contracts, Singapore, South Korea, Textile Industry, Turkey, Uzbekistan, worlds sixth largest cotton producer

Uzbekistan, the world’s sixth-largest cotton producer has signed large contracts for the export of finished textile products and semi-finished products for more than $1 billion with companies from Russia, Turkey, South Korea, Singapore, Moldova and other countries, following the 13th International Uzbek Cotton and Textile Fair.

Uzbek by exporting this strategic crop.aims to further increase incomes to the national economy. Representatives of foreign purchasing companies noted the quality and price parameters of Uzbek textile.

Karl Mayer to assist Vietnamese companies with upto date machines

Related Keywords: assisting Vietnamese companies, company detected increasing demand, installation of up-to-date machines and equipment, Karl Mayer Workshop, leading manufacturer of warp knitting machines, looking for new applications. Karl Mayer, modernising and extending plants, state of its order book, Vietnamese domestic manufacturers, warp knitting sector

Many Vietnamese domestic manufacturers are currently modernising and extending their plants and are now looking for new applications. Karl Mayer, a leading manufacturer of warp knitting machines, is assisting Vietnamese companies with the installation of more up-to-date machines and equipment in the warp knitting sector. The company has detected this increasing demand from the state of its order books.

Rising trend in cotton prices seen over panic buying for quality lint

Related Keywords: cotton bales, cotton prices on Tuesday, Ginners, KCA, panic buying, phutti, quality issues continue to haunt, quality lint from buyers, remaining high, Rising trend seen, seed cotton arrivals, Spinners, spot rate, Textile Industry

Rising trend seen in cotton prices on Tuesday with panic buying for quality lint from buyers. With Phutti (seed-cotton) arrivals remaining high, quality issues continue to haunt the textile industry.

Growers have been raising phutti prices against which ginners were forced to increase cotton prices. On ready deals, prices moved higher to Rs6,500 per maund. Resultantly, official rates were also adjusted upward.

Top global fashion brands signs production contracts with EPZ Firm

Related Keywords: African Cotton & Textile Industries Federation, AGOA, Arrow, Calvin Klein, duty free imports, EPZ, international labels, Izod and Cherokee, Kenyan Export Processing Zones, Kenyan local textile manufacturers, signed production contracts, Textile Industry, Top global fashion brands

Top global fashion brands Calvin Klein, Arrow, Izod and Cherokee are among the international labels that have signed production contracts with Kenyan local textile manufacturers, raising the profile of Kenya's export processing zones (EPZ), according to officials of the Export Processing Zones Authority (EPZA).

Other brands including Hennes & Mauritz (H&M) started local production in 2014 at Ashton Apparel.

Egypt to partner with China to develop textile industries in Minya

Related Keywords: aims to improve a free zone, develop project, Egyptian Supreme Council for Textile Industries, establish a partnership, major Chinese company, regional hub for textile industries, specialised in textile industries in Minya, specialised training programmes

Egyptian Supreme Council for Textile Industries is work to establish a partnership with a major Chinese company to develop a project that aims to improve a free zone specialised in textile industries in Minya, said Mohamed Kassem, head of the Council.

Tashkent hosted the 13th International Uzbek Cotton and Textile Fair

Related Keywords: 100 Uzbek companies participated, cotton yarn and fabrics, demonstrated high results of large-scale reforms, dyed and mixed yarn, enhance economic potential, important events in world cotton and textile business, International Uzbek Cotton and Textile Fair, knitted fabric, producing textile and sewing products, special fabrics, traditional fair

The 13th International Uzbek Cotton and Textile Fair once again demonstrated high results of large-scale reforms carried out on the path of further enhancing the economic potential of the country, the growth of well-being of the population. This traditional fair, which has become one of the important events in the world cotton and textile business, will serve to further expand reliable, long-term and mutually beneficial cooperation with Uzbekistan.

Ministries of Power and Textiles to join hands under SAATHI

Related Keywords: a public sector entity, cluster wise demonstration projects, EESL, join hand to kick start implementation, Ministry of Power, New initiative SAATHI, office of the Textile Commissioner, organized in key clusters, Powerloom sector in India, Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries, workshops

Under the new initiative SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries). Energy Efficiency Services Limited (EESL), a public sector entity under the administrative control of Ministry of Power and the office of the Textile Commissioner on a pan-India basis to join hand to kick start the implementation, cluster wise demonstration projects and workshops will be organized in key clusters such as Erode, Surat, Ichalkaranji, etc.

Winsome Yarns working to create a circular knit cycle

Related Keywords: at Winsome Yarns Ltd, convert entire production, create a workable vision for the company, driving through innovations, environmental friendly textiles, into sustainable knitwear, Managing Director Manish Bagrodia, sustainability initiatives, Textiles, very large consumer of natural resources, within Winsome Knitwear and Winsome Yarns

For the past 25 years Managing Director Manish Bagrodia at Winsome Yarns Ltd., has been driving through innovations and sustainability initiatives within Winsome Knitwear and Winsome Yarns, and having travelled the world many times over, he has been able to create a workable vision for the company. Their vision is to soon convert their entire production into sustainable knitwear.

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