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Related Keywords: 17th year under partnership, active supporter, another two years, as preferred and sole supplier, Bangladesh textile industry, chemicals, dying auxilliaries, extended partnership and collaboration agreement, Huntsman Textile Effects, industry leading dyes, trusted and preferred supplier, Viyellatex Group, Viyellatex Group continue to use Huntsman

Huntsman Textile Effects has been in its 17th year under partnership as a trusted and preferred supplier for the Viyellatex Group has further extended partnership and collaboration agreement with Viyellatex Group for another two years. The agreement will see the Viyellatex Group continuing to use Huntsman as its preferred and sole supplier for industry leading dyes, chemicals and dying auxiliaries.

Related Keywords: blockage of working capital, condition of no refund ITC, created a huge accumulation of nonrefundable ITC, entire downward value chain, fabric stage, fabrics slotted under 5 per GST slab, manmade fibres, powerloom sector, slotted under 18 percent GST rate, spinning and power loom sector, SRTEPC, Textile Industry, with weavers, yarns

The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge accumulation of nonrefundable ITC with the weavers and blockage of working capital.

Related Keywords: Bangladesh Economic Zones Authority, Beza, build a spinning mill, DBL Group, got 170 acres of land, industrial units to manufacture raw materials and finished products, inside Sreehatta economic zone in Moulvibazar of Sylhet, inside the state-owned zone, leading apparel exporter, set up 19 factories, taken up a $1.2 billion investment plan

DBL Group, a leading apparel exporter who got 170 acres of land inside the state-owned zone from Bangladesh Economic Zones Authority (Beza) to set up 19 factories inside Sreehatta economic zone in Moulvibazar of Sylhet by 2021 for which they have taken up a $1.2 billion investment plan.

It will build a spinning mill, a ceramics factory and industrial units to manufacture raw materials and finished products, such as integrated sportswear and apparel accessories, for domestic and export markets.

Asian spot MEG fell US$10 a ton CFR China and CFR South East Asia In the last week of September. In China, offers for nearby-month cargoes were down US$10 a ton during the week. Mono ethylene glycol prices in Asia were assessed lower as upstream market weakened this week.

Prices were also pulled down due to bearish sentiment and offloading of cargoes prior to the Golden Week holiday in China. China’s Sinopec Yanshan Petrochem had planned to shut MEG plant on 9th October which has a capacity of 70,000 tons a year.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene markers, CFR Taiwan/China fell US$9 a ton in the last week of September while FOB Korea was also down US$9 a ton. Isomer-grade mixed xylene prices lost US$3 on the week. Paraxylene prices in Asia declined during the week in tandem with falling ethylene prices amid somewhat balanced availability in the region. South Korea's Hyundai Cosmo restarted paraxylene plant during the week after shutting it down in August. It has a paraxylene capacity of 380,000 tons a year.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Related Keywords: after November, contributed to the bullish trend, Delay in harvest of fibre crop, downward movement in price, firmed up cotton prices, Gujarat, increase in buying by millers, key growing regions, Madhya Pradesh and Telangana, Maharashtra, other states, price rise temporary phenomenon, spot and futures markets, unexpected rains

Delay in harvest of the fibre crop in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States due to unexpected rains have firmed up cotton prices over the past few days. According to Biren Vakil, an analyst with Ahmedabad-based Paradigm Commodities, the price rise is a temporary phenomenon. They may see some downward movement in prices after November. But till then, some more upside can be seen.

Related Keywords: adapt Textile Exchange, Argentine wool growers, best practices of farmers, content and best practices, includes language, Industry Wool Federation, outreach to and training of regional farmers, ProLana, Responsible Wool Standard, RWS, sustainability practices, Two key Argentina organizations, welfare of sheep

Two key Argentina organizations–ProLana and the Industry Wool Federation which represents wool scourers, topmakers and exporters to adopt Textile Exchange’s Responsible Wool Standard (RWS) includes its language, content and best practices as a basis for the outreach to and training of regional farmers.

Related Keywords: agency of the Federal Government of Nigeria, both local and international markets, cotton, increase garment production locally, organized training workshop, Raw Materials Research and Development Council, reduce import of garment, RMRDC, started process, Textile and Garment Sector in Kaduna

The Raw Materials Research and Development Council (RMRDC) is an agency of the Federal Government of Nigeria to reduce the import of garment has started the process to increase garment production locally for both local and international markets.

Related Keywords: 000 crore, K Chandrasekhar Rao, Kakatiya Mega Textiles Park in Warangal, lay foundation stone, on October 20, park will have ginning, processing and garmenting facilities., public private partnership, set up at a cost of Rs11, spinning, Telangana Chief Minister, weaving

Telangana Chief Minister K Chandrasekhar Rao will lay foundation stone for the Kakatiya Mega Textiles Park in Warangal on October 20 being set up at a cost of Rs11,000 crore in public private partnership, said Deputy Chief Minister Kadiam Srihari.

Kadiam said that the Chief Minister has announced funds for the project that will boost textile production in the State and give employment to about 1.13 lakh people. Those who migrated to other states will get back to the park to eke out their livelihood. The park will have ginning, spinning, weaving, processing and garmenting facilities.

Related Keywords: accessories sector in Africa, AfDB, African Development Bank, apparel, apparel sourcing markets, driver of growth in African economies, entrepreneurs, Fashionomics master classes, Hivos International, kicked off specialized training programme, partnership with Hub of Africa 2017, startups, targeted Ethiopian Fashion Designers Association, Textile

The African Development Bank (AfDB) in partnership with the Hub of Africa 2017 and Hivos International kicked off a specialized training programme for entrepreneurs and startups in the textile, apparel and accessories (TA&A) sector in Africa on October 4 in Addis Ababa, Ethiopia.