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Related Keywords: aiming integrated development of textile industry, at the same time, capital subsidy for investment in Plant and Machinery, Haryana state government announced, ICRA said, new state policy introduces measures, remove current mismatch across the value chain, state specific Textile Policy on April, under ATUFS, with the state

The Haryana state government announced the state specific Textile Policy on April 2017 aiming for integrated development of the textile industry with the state, at the same time remove the current mismatch across the value chain, said Credit rating agency ICRA on Wednesday.

The new state policy introduces measures such as capital subsidy at 10 percent for investment in Plant and Machinery (P&M) eligible under ATUFS (Amended TUFS). This will reduce the project cost upon commissioning;

Related Keywords: cotton market on Wednesday, crisis ridden textile mills, Karachi Cotton Association, kept its spot rates steady, Most textile mills, rather converting it into yarn, remained conspicuous by their absence, running out of working capital, spinners selling cotton from their stocks, started to shut down, witnessed slow trading activity

Cotton market on Wednesday witnessed slow trading activity as crisis-ridden textile mills remained conspicuous by their absence. Most textile mills running out of working capital have started to shut down, brokers said. The Karachi Cotton Association kept its spot rates steady.

Related Keywords: advantages of trade agreements, EAEU, Eurasian Economic Union, first quarter, negotiation with other countries, observing good results, promising signs from new import markets, rapid growth from new markets, see growth in second quarter of this year, Vietnam Textile and Garment Group, Vietnam textile and garment sector, VN textile sector

The Vietnam textile and garment sector after observing good results in the first quarter due to rapid growth from new markets such as Eurasian Economic Union (EAEU), which saw a growth rate of 115% in Russia; and the Asian Economic Community (AEC) with growth of 17%, 11%, 38%, 24.5%, 36% and 5% from Thailand, Indonesia, Singapore, Laos, Cambodia and Myanmar, respectively, enters the second quarter (Q2) of this year with promising signs from new import markets, said General Director of the Vietnam Textile and Garment Group (Vinatex) Le Tien Truong.

Related Keywords: API, competition on the domestic market, continue to lose foothold, control seventy percent of domestic textile market, estimated to reach USD ten billion a year, finished wear, imported products, Indonesian domestic textile products, Indonesian Textile Association, leaving only thirty percent of the market for domestic products

Indonesian domestic textile products have continued to lose their foothold in competition on the domestic market over the past five years as imported products control 70 percent of the country’s domestic textile market, which is estimated to reach US$10 billion a year leaving only 30 percent of the market for domestic products, said the Indonesian Textile Association ( API) chairman Ade Sudrajat on Wednesday.

Related Keywords: annual spandex production capacity in Vietnam, gradually increase tire cord production capacity, Hyosung Corp, investment in Vietnam, plans to ramp up, produced textiles and industrial materials, South Korea based leading chemical and textile company, to become its largest spandex manufacturing production base, Trans Pacific Partnership

Hyosung Corp., a South Korea based leading chemical and textile company plans to ramp up its annual spandex production capacity in Vietnam to 80,000 tons from current 50,000 tons, a move that will make the plant to become its largest spandex manufacturing production base, and gradually increase the tire cord production capacity from current 100,000 tons per year.

Hyosung Corp. is expected to up investment in Vietnam after its operation in the Southeast Asian country delivered the most impressive earnings among its subsidiaries last year.

Related Keywords: enhance Qatar Turkey economic relations, introduce new Turkish industries to Qatar, negotiations ongoing, Qatar Business Women Association, QBWA, Sankon, signed an agreement, staging of trade fairs and exhibitions, Turkey based Industrialist Businesswomen and Businessmen Confederation, Turkish textile and home textile goods

The Qatar Business Women Association (QBWA) has signed an agreement with the Turkey-based Industrialist Businesswomen and Businessmen's Confederation (Sankon), said commercial counsellor Burak Guresci as part of efforts to enhance Qatar-Turkey economic relations.

On the sidelines of this agreement , negotiations are ongoing for the staging of trade fairs and exhibitions in Qatar on Turkish textile and home textile goods. The exhibition aims to introduce new Turkish industries to Qatar.

Asian MEG prices tumbled US$45 a ton CFR China and CFR South East Asia marker in the third week of April. Mono ethylene glycol spot hit a 6-month low on high stocks as prices tumbled amid ample supply in China and a rise in feedstock ethylene costs. Prices also plunged on talk of short-selling while in China, prices plummeted as inventory levels grew dramatically.

In US, spot MEG prices were firm and flat for a second consecutive week, as a balanced market continued to offset price movements. Barge activity continued to remain stagnant while China was at net back to low for US market.

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

Asian paraxylene prices slightly edged down US$0.67 a ton CFR Taiwan/China and FOB Korea in the third week of April. Isomer-grade mixed xylene declined by a sharp US$24 a ton FOB Korea on the week.

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

Related Keywords: amid strong physical prices, better grades of lint remained in focus, buyers made deals for better second grade of lint, Karachi cotton exchange, meet domestic as well as international commitments, remain slow, spot rates remained unchanged, trading activity, volumes remained moderate, yarn and cloth

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, as better grades of lint remained in focus amid strong physical prices. Traders said that the volumes remained moderate as buyers made deals for better and second grade of lint to meet their domestic as well as international commitments of yarn and cloth.

Spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: batik blouses, Batik industry in Sarawak, borders with Brunei, Bruneian women, Datuk Lee Kim Shin, especially in Miri, huge potential, keen interest in buying fine clothing materials, need to give batik sector a boost, Sarawak Assistant Tourism Minister, shirts and textiles, still largely remains untapped

The batik industry in Sarawak which has huge potential still largely remains untapped. There was a need to give the batik sector a boost, especially in Miri which borders with Brunei, said Sarawak Assistant Tourism Minister Datuk Lee Kim Shin.

Miri does not have big centres to showcase their batik and turn it into a major tourism sector. Although, there is huge potential for batik blouses, shirts and textiles because Bruneian women from across the border have a keen interest in buying these fine clothing materials.