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Bengal jute industry in crisis due to illegal import of cheap fibre from B'desh

Related Keywords: backbone of the state, Bengal jute industry, created mainly by enemies within, currently under crisis, defeating very purpose of Centres incentives, fixed raw jute price, guaranteed jute bags procurment quota, hoarding jute, illegally importing cheap jute bags from Bangladesh and Nepal, jute growers, malpractices being adopted, modus operandi

Bengal’s jute industry once the backbone of the state is currently under worst crisis created mainly by enemies from within. Some of the mill owners were illegally importing cheap jute bags from Bangladesh and Nepal, thereby defeating the very purpose of the Centre’s ‘incentives’ to jute growers and protection to the industry by way of fixed raw jute price and guaranteed jute bags procurement quota for mills, Jut Commission Subrata Gupta opined.

Cotton prices remain stable amid modest trade

Related Keywords: amid modest trade, best quality of seed cotton, cotton bales, Cotton market, Cotton prices remain stable, official spot rate up, rates of Phutti dropped, seed cotton prices unchanged

Prices remain stable amid modest trade at the cotton market on Tuesday, dealers said. In Sindh, seed cotton prices were unchanged at Rs 3300-3500 and in Punjab rates of Phutti dropped by Rs 100 to Rs 3100-3450, in Balochistan, best quality of seed cotton was available at Rs 3650, per 40 kg.

But the official spot rate was up by Rs 50 to Rs 6,600.

In ready business, around 8,000 bales of cotton changed hands between Rs 6650 and Rs 6850, they said.

Mayer & Cie to market launch spinit machine in China at ITMA Asia + CITME

Related Keywords: CITME international textile machinery fair, cleaning and knitting, high-quality knitwear, in China and neighbouring countries, ITMA Asia, leading circular knitting machine manufacturer, Mayer & Cie, official market launch of Spinit, spinitsystems technology, spinning, textile market

At the upcoming ITMA Asia + CITME international textile machinery fair, Mayer & Cie., a leading circular knitting machine manufacturer, to announce a market launch of the Spinit 3.0 E in China and neighbouring countries. The official market launch of the Spinit 3.0 E in China and neighbouring states is an important milestone for Mayer & Cie, said Michael A. Tuschak, in charge of spinitsystems marketing and sales of Mayer & Cie.

CIMIF and CTG 2016 twin shows set to run simultaneously soon

Related Keywords: Cambodia Int’l Machinery Industry Fair. Cambodia Int’l Textile & Garment Industry Exhibition, leading industrial trade fair in Cambodia, printing, raw materials, showcase broad range of innovative products, Textile & Garment, twin shows set to run simultaneously, two exhibitors from fourteen country and regions, versatile solutions

Cambodia Int’l Machinery Industry Fair (CIMIF) and Cambodia Int’l Textile & Garment Industry Exhibition (CTG) 2016, the twin shows are set to run simultaneously on August 26-29 expecting to gather around 200 exhibitors from 14 country and regions, namely Austria, Cambodia, China, Germany, Hong Kong, India, Italy, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, and Vietnam, to showcase a broad range of innovative products and versatile solutions at 250 booths.

Delegation from Canaintex to visit Vietnam’s garment-textiles sector

Related Keywords: apparel products, Canaintex, Delegation from National Chamber of Textile, explore the garment-textile sector, Industry of Mexico, Mexico textile and clothing industry, one industrial zone, plans to visit seven factories, scheduling visit Vietnam, second biggest garment-textile supplier of the US, study process of making fiber

A delegation from the National Chamber of Textile, Industry of Mexico (Canaintex) is scheduling visit Vietnam the second biggest garment-textile supplier of the US from 27-28 August to explore the garment-textile sector.

During the visit, the delegation plans to visit seven factories and one industrial zone to study the process of making fiber and apparel products.

According to the Chamber, the Trans Pacific Partnership agreement, once effective, will allow Vietnam to ship its garment-textile products to more markets, particularly the US.

IWCCI raise concern over fall in textile exports

Related Keywords: boost exports, Export Policy, GSP Plus facility, IWCCI, largest employment providing sector, largest foreign exchange earning sector, Pakistan textile exports, plunged in july, raise concern over all in textile exports

Pakistan’s textile exports, which is the largest foreign exchange earning sector of the country has plunged to $982.6 million in July as compared to $1.02 billion in July last year, concern is raised over the fall in textile exports as it is the largest employment providing sector outside agriculture by Islamabad Women Chamber of Commerce and Industry (IWCCI).

It called for immediate attention as the fall of textile sector will damage overall economy and hit forex reserves.

Textech Expo all set to start from 31 August in Dhaka

Related Keywords: Assocham, biggest and oldest international textile and apparel technology and machinery show, buyers of Apparel & Textile machinery of Bangladesh, CHEMEXCIL, distributors, manufacturers, organize INDIA PAVILION at the expo, organized by CEMS Global, provides B2B platform, Texprocil, Textec Expo Bangladesh

Textec Expo Bangladesh 2016, biggest and oldest international textile and apparel technology and machinery show organized by CEMS Global will be held from August 31, Meherun N Islam, MD of CEMS Global USA and Asia Pacific, made the announcement at a press conference in Dhaka yesterday.

Nearly 1050 exhibitors from over 23 countries along with important industry associations are participating in these exhibitions.

MEG price moves up in Asia, stable in Europe

Asian MEG marker rose US$7 a ton CFR China and CFR South East Asia in the second week of August. In China, offers were raised US$8 a ton during the week, and central values followed up as well. However, sellers showed low selling interest.

Mono ethylene glycol prices gained by the late week short-covering activities of major futures traders, as they had oversold when crude was down in past weeks, and were reportedly caught that week by the sudden rebound in crude. In China, MEG prices picked up slightly as tank inventories reduced significantly that week.

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

Paraxylene price gains in Asia, US

Asian paraxylene prices gained US$2 a ton FOB Korea and CFR Taiwan/China in the second week of August. Paraxylene markets in Asia opened the week with prices falling and moved in tandem with crude oil markets. However, prices recovered weekend as crude and naphtha rebounded sharply. However, weak demand from downstream PTA markets limited the price recovery.

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

NYTM to celebrate textile creativity and promote textile awareness

Related Keywords: celebrate New York Textile Month, Cooperative showroom design consultancy colony, designed to celebrate textile creativity, each one showcasing, FEBRIK, Hiroko Taked, Meg Callahan, month long city wide festival, promote textile awareness, three consecutive exhibits, vastly impressive catalogs of two Colony Co-op members

Cooperative showroom and design consultancy colony to celebrate New York Textile Month, a month long city wide festival designed to celebrate textile creativity and promote textile awareness with three consecutive exhibits over the span of September 2016, each one showcasing the vastly impressive catalogs of two Colony Co-op members — Hiroko Takeda and Meg Callahan — and Colony Consult collaborator, FEBRIK.

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