Asian markers for caprolactum, the SE and FE softened US$50 a ton in the last week of April while high‐end contract price for April was not settled. In China, spot liquid caprolactum offers were down US$35 a ton on the week while solid goods were ranged-bound.
Ethiopian textile industry delegates visit GPN to know about cotton growing
Related Keywords: attracted huge investment, attracted number of diverse industries, development in cotton textiles, Ethiopian textile industry delegates, GPN, know about cotton growing methods, largest cotton producer in state, next emerging zone for textile operations, part of study tour in India, Vidarbha region, visited Government PolytechnicNagpur
Delegates from the Ethiopian government and textile industry as part of their study tour in India visited Government PolytechnicNagpur (GPN) last week, to know about cotton growing methods and development in cotton textiles.
The delegation from Ethiopia included eight top officials from Ethiopian Industry Input Development Enterprise, Ethiopian Textile Industry Development Institute, Cotton Producers, Ginners and Exporters Association Ethiopia, Ministry of Agriculture and Natural resources and Ministry of Industry.
Fine Cotton Factory targets decorative mattress for growth
Related Keywords: boosted mattress ticking capacity, both in Canada and in the United States, company doubled its footprint, Fine Cotton Factory, high speed decorative mattress ticking machines, targeting mattress category for growth, with a big expansion of its factory
Fine Cotton Factory, is targeting the mattress category for growth, both in Canada and in the United States, and it has backed its ambitious growth plans with a big expansion of its factory here.
The company doubled its footprint to 80,000 square feet to accommodate 70 knitting machines, including high speed decorative mattress ticking machines, and boosted its mattress ticking capacity to half a million yards per month. It also opened a 5,000-square-foot showroom, a sample room and a design studio.
New directive measures announced to revive Iranian apparel industry
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The Iranian domestic manufacturers of apparel have been hard hit by excessive imports in recent years. To revive the Iran’s aging apparel industry, the Ministry of Industries, Mining and Trade has announced a new directive measures.
Under the new directive foreign representatives, branches and distributors of apparel in Iran seeking business licenses are required to produce goods worth 20% of their import value (in rial terms) inside Iran and at least 50% of this domestic production be exported.
Chikankari lose traditional essence owing to increasing competition
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Designer Meera Ali at the launch of a new book 'Chikankari: A Lucknawi Tradition' by Paola Manfredi in New Delhi recently, said that it was important to give the artisans sufficient time to create the Chikan (embroidery) on different fabrics like muslin, silk, chiffon among others.
Chikankari, known for its creative blend of intricate and delicate embroidery and fine motifs, is losing its original finesse in the process of revival, owing to economic exploitation of artisans and increasing market competition.
Ethiopia sets USD 30 bn target for textile and garment exports
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Ethiopia is aiming ambitious target to generate USD 30 billion from the export of garment and textile by the year 2025. However, it is not the first time for the government to look to the textile and clothing supply chain as one of the country’s key targets for growth whose shipments are only 115million USD 8 years before the year 2025.
The target set is 300 fold rise in shipments within 8 years. Back in 2015, the country’s annual export for clothing was 73.25 million USD.
Punjab state sets target of 4 lakh hectares under cotton cultivation
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The Indian state of Punjab Agriculture Department has set a target of 4 lakh hectares to be brought under cotton cultivation in eight districts of the Malwa belt this season. Last year, the area under cotton cultivation was 2.56 lakh hectares. Meanwhile, the Agriculture Department under its high density plantation technique is giving a subsidy of Rs 500 per acre to cotton growers.
Viscose yarn prices stable amid slow liquidity in China
Viscose spun yarn prices in the last week of April were largely stable amid slow liquidity in China. Offers for ring‐spun 30s yarn were stable while prices of siro‐spun 40s yarn and rabbit‐hair‐like yarn were seen rolling over.
In Pakistan, viscose yarn market was supported by stable VSF prices in absence of rise in demand from the yarn makers at this part of the year.
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Blended yarn price rolls over in Asian markets
In China, PC (65/35) 32s yarn prices rolled over in Qianqing in the last week of April, while 45s PC combed yarn prices were flat on the week.
Blended spun yarn prices stayed relatively unchanged in the week in China over a similar stability of fiber prices. On the import market, offers were seen plunging, in return, creating competition for domestic suppliers. However, stable to week fibre prices remained supportive for local spinners.
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Finnish textile exports soars
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Finnish textile producers witnessed their turnover increase by a tenth between last November and December. There was a boost in domestic sales by 10 percent while export figures increased by 12 percent.
Total exports in 2016 amounted to 650 million euros, with industry turnover grossing a total of four billion euros. Finnish fashion is booming around the world, reveal recent export figures.
According to a report by Finland's Textile and Fashion Union, garment producers reported a 15% increase in exports last year compared to the year before.
