News Tags

Related Keywords: aims to make investment from USD five billion to USD ten billion, bid to expand production capacity, capital expenditure this year, existing plants in Vietnam and Indonesia, its business strategy to diversify operational risks, Makalot Industrial Co, supply chain of apparel, Taipei based Apparel Company

Makalot Industrial Co, Taipei based Apparel Company in a bid to expand production capacity of their existing plants in Vietnam and Indonesia aims to make investment from US$5 billion to US$10 billion on capital expenditure this year.

The company spokesman David Lieu said that as Makalot follows its business strategy to diversify operational risks plans to raise its existing plants production capacity in both countries.

Factories in Vietnam contributed 34 percent of Makalot’s total capacity last year, while those in Indonesia took up 32 percent.

Related Keywords: estimate average business per day is Rs hundred crore, gone down significantly due to demonetization, no sale on the retail front, sale of saris and dress materials, suffering loss up to thirty percent, Surat textile markets spread around Ring Road, Surat textile trade, this marriage season

Surat textile trade suffering loss up to 30 percent this marriage season as sale of saris and dress materials has gone down significantly due to demonetization. Surat with 165 textile markets, mostly spread around Ring Road, has 65,000 shops and according to an estimate average business per day is Rs 100 crore.

Manoj Agarwal, president of Federation of Surat Textile Traders Association (FOSTTA) said that there is no sale on the retail front. Garments like dress material and saris are last on the priority list. Those who have marriages in their families also spend minimum on saris.

Related Keywords: Active trading activity, brisk activity surged cotton prices, buying picking up, cotton market on Wednesday, forcing buyers to rush for domestic cotton, high price in most of the leading world cotton markets, spinners indulged in a sort of panic buying, spinners keen to replenish stocks from domestic sources

Active trading activity seen at cotton market on Wednesday with buying picking up as spinners were keen to replenish their stocks from domestic sources.

The overnight renewed buying interest intensified as spinners indulged in a sort of panic buying. The high price in most of the leading world cotton markets was instrumental in forcing buyers to rush for domestic cotton.

After touching a seasonal high of US 77.11 cents per lb, the New York cotton market gave mixed trend and so did the Chinese and India cotton markets.

Related Keywords: amid projected shortfall, B Twill jute bags, diversified jute products, double blow to the jute industry, dwindling crop supplies triggered by demonetization, food grains, Jute Corporation of India, plan ten percent dilution of the mandatory jute packaging order, prices of raw jute on downward, rabi marketing season, Union textiles ministry

With the Union textiles ministry’s plan to go for 10 percent dilution of the mandatory jute packaging order for food grains amid projected shortfall of 0.17 million bales (one bale is 180 kg) of B Twill jute bags during the rabi marketing season 2016-17 and dwindling crop supplies triggered by demonetization, the prices of raw jute are on downward trend.

The Jute 1 Packaging Materials Act, 1987, mandates 100 per cent use of jute bags for packaging of food grains meant for government procurement

Related Keywords: constructed into modern shirt dresses, creative and contemporary fashion, designers reinterpreting handlooms, endless resource of craft knowledge, going beyond occasions, India possesses rich heritage of handloom, Indian fashion burgeoning, indigenous textiles and techniques, Patola and Maheshwari weaves, sari

India possesses rich heritage of handloom to an endless resource of craft knowledge. The Indian fashion is burgeoning especially in indigenous textiles and techniques. The sari is again in for modern women, going beyond occasions. There is a wave of designers reinterpreting handlooms in creative and contemporary fashion. Patola and Maheshwari weaves are being constructed into modern shirt-dresses. Indian designers are starting to realize that if they really want to have an original voice, they need to believe in what is truly theirs while staying relevant.

Related Keywords: Hygienic fibres, index, Kelheim Fibres, leading viscose speciality fibre manufacturer, nonwovens exhibition, presenting its Viloft flat short cut fibre, rapidly disintegrating wet wipes, take place this April in Geneva, wipes made of Viloft have passed the test with flying colours

Kelheim Fibres, a leading viscose speciality fibre manufacturer, at the INDEX17 nonwovens exhibition to take place this April in Geneva will be presenting its Viloft flat short cut fibre for rapidly disintegrating wet wipes.

ASF offers for Taiwan origin 3D bright ASF tow remained unchanged in the last week of January. In China, ASF prices rolled over for medium-length fiber and cotton-type staple during the week.

Acrylic staple fiber markets and prices were stable in Asian markets that week. In China, trading atmosphere was lackluster due to Lunar New Year holidays and offers for cotton-type staple fiber and medium-length staple fiber were pegged at a roll over. Markets sentiment is likely to pick up after the Spring Festival.
In India, offers remained unchanged on the week.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN prices surged US$5-20 a ton CFR Far East Asia in the last week of January while Southeast Asia gained US$5 a ton on the week. In India, ACN prices held stable at lower end during the week.

Acrylonitrile prices surged again that week on tighter supply and rising feedstock propylene cost. However, weakening demand for downstream acrylic fiber limited the hike. Asian prices rose slow towards holiday period as ABS sentiment improved a bit while acrylamide prices remained unchanged.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Related Keywords: bring better synergy, challenges ahead in the silk sector, deliberate on present status, Indian silk industry., inter-ministerial issues, organzied a meeting on Friday, plans, programmes, sustained development, The Central Silk Board

The Central Silk Board has organzied a meeting on Friday and will deliberate on the present status, plans, programmes and challenges ahead in the silk sector, and inter-ministerial issues, in order to bring about better synergy to ensure sustained development of the Indian silk industry.

Union Textiles Minister Smriti Irani will chair the meet and discuss issues related to the development of India's silk industry with the stakeholders.

Related Keywords: Bago region, equipped to produce raw materials, finished products in a single place, into a Specialized Textile and Garment Zone, Khin Maung Cho, land located in Shwe Taung, machines, manufacture high quality products, Myanmar Garment Association, Myanmar union minister for industry, plans to develop, sector needs foreign investment, STGZ

The Myanmar union minister for industry, Khin Maung Cho plans to develop the 127 acres of land in No.1 Garment Factory located in Shwe Taung, Bago Region, into a Specialized Textile and Garment Zone (STGZ) where goods will be produced that meet international standards.

The project will be divided into two phases. As part of the first phase, the ministry is working with a Japanese company to do a feasibility study. The second phase will involve the development of 127 acres of land into STGZ.