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Related Keywords: add new, at the facility., Frontier Spinning Mills, open end spinning equipment, part of expansion project, planning to invest USD six million, plant in Elmore County. project also involves addition of warehouse space, second largest yarn spinner, state of the art fiber preparation, Western Hemisphere

Frontier Spinning Mills, the second largest yarn spinner in the Western Hemisphere as part of its expansion project is planning to invest $6 million to add new, state-of-the-art fiber preparation and open-end spinning equipment at its plant in Elmore County. The project also involves the addition of warehouse space at the facility.

Robin Perkins, the company’s CEO said that they ares very pleased to announce this significant investment in the Wetumpka Plant. They appreciate the support of the Elmore County Economic Development Authority and the State of Alabama.

Related Keywords: another avenue for fashion savvy ladies, creating space for local, feed lifestyle needs, gigantic rise, global brands, Pakistan being a Muslim country, Pakistan fashion retail industry, rising well off middle class, started knocking the doors of Pakistan retail industry

Pakistan’s fashion retail industry in recent years has been gigantic rise creating space for local as well as global brands which feed the lifestyle needs of the rising well off middle class. However, with Pakistan being a Muslim country, another avenue for fashion-savvy ladies has started knocking the doors of the country’s retail industry.

In China, offers for ring‐spun 30s weaving yarn in Xiaoshan fell US cent 1 a kg in the third week of April while compact siro‐spun 40s yarn in Jiangsu declined down US cent 1 a kg on the week.

Viscose spun yarn prices edged down slightly thus stopping the wild south move seen in the previous weeks. Discussions for ring‐spun 30s yarn and siro‐spun 40s yarn remained at almost same levels. Core‐spun yarn market also went stable, with sales seen improving. With VSF bottoming, yarn prices are likely to go range‐bound next week.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Related Keywords: acquired the former Beaulieu fiber facility, Bridgeport in Alabama, carpet and rug collections, grow employment in the community, Mohawk Industries, support growing demand, transaction includes commitment to preserve current jobs

Mohawk Industries has acquired the former Beaulieu fiber facility in Bridgeport, Alabama to support the growing demand for its carpet and rug collections, said Brian Carson, president of Mohawk Flooring North America. This transaction includes a commitment to preserve current jobs and grow employment in the community.

In China, PC (65/35) 32s yarn prices edged down US cent 1 a kg in the third week of April in Qianqing, while 45s PC combed yarn prices were flat on the week.

Offers and trade price in China for blended yarn dropped slightly on the week given the downward movement in fibre prices. The reduction is also due to the current weakness in demand.

In India, blended yarn prices continued to roll over despite some fall in cotton and PSF prices in recent week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Related Keywords: by more than fifteen percent, decreased by three percent, during month of March, exports of bed wear increased, exports of towe, first three quarters of current financial year, month on month basis, Pakistan witnessed growth in towel exports

Pakistan witnessed growth in towel exports by 15.78 percent during month of March, 2017 as compared the exports of the corresponding month of the last year. However, during first three quarters of current financial year exports of the towel from the country decreased by 3.18 percent as was recorded at 132,723 metric tons.

According the data of Pakistan Bureau of Statistics, about 15,325 metric tons of towels worth US$ 70.354 million exported in month of March. During the period from July-March, 2016-17 towels worth of US$ 578.24 million were exported.

Related Keywords: buyers get more demanding, fashion industry, in a bid to fend off challenges, local business, More fashion firms, revolutionize their products, seek to improve productivity, shorter product cycles and rising competition, technology increasingly critical, Textile and Fashion Federation Singapore, turning to technology

More fashion firms in the local business seek to improve productivity and revolutionize their products by turning to technology in a bid to fend off the challenges of shorter product cycles and rising competition.

Mr Mark Lee, president of the Textile and Fashion Federation Singapore, said that as buyers get more demanding, technology is increasingly critical for the fashion industry - not just for designers, but also across the spectrum, including manufacturers, retailers and distributors.

Related Keywords: based in Shanghai plans to acquire BPs, China Petroleum and Chemical Corp, deal expected to close before year end, fifty percent stake, Gaoqiao Petrochemical, in SECCO Petrochemical, purchase price payable in installments, Sinopec, wholly owned subsidiary

China Petroleum & Chemical Corp’s (Sinopec) wholly owned subsidiary Gaoqiao Petrochemical based in Shanghai plans to acquire BP Plc’s 50 percent stake in SECCO Petrochemical for $1.68 billion. The deal is expected to close before yearend with the purchase price payable in installments.

SECCO is currently owned by BP, with a 50% interest, Sinopec (30%), and Sinopec Shanghai Petrochemical (20%), in which Sinopec holds a majority interest.

Related Keywords: achieved more than USD six billion, appear to support export earnings target, EU second largest export market, first quarter of this year, reduce production costs, seek orders for high quality products, urged enterprises optimise capacity of equipment, Vietnam garment and textile exports, Vietnam Textile and Apparel Association, Vitas

Vietnam has achieved from its garment and textile exports USD 6.84 billion in the first quarter of this year, 11.2 percent more than in the same period last year, according to the Vietnam Textile and Apparel Association (VITAS). First quarter figures appear to support this expectation of touching its export earnings target of over USD 30 billion set, seven percent growth over 2016.

Related Keywords: across the value chain, conference on GST, development and modernisation of power loom sector, expected to have uniform GST rate, lowest slab for the industry, Smriti Irani, textile industries associations, Textile Industry, textile policy is likely to be finalised shortly, Union Textile Minister, will be held soon to decide rate

Union Textile Minister Smriti Irani said that a conference on GST will be held soon to decide the rate, hinting that the textile industry is expected to have uniform GST rate, responding to pleas at a meeting of textile industries associations and stakeholders in Coimbatore, for fixing five per cent GST rate, the lowest slab for the industry.

The Minister urged the industry associations to give suggestions and views during meetings that will be held in different cities shortly. She also indicated that there might be a uniform rate across the value chain.