Asian markers, the SE and FE were up US$10 a ton in the first week of July. In China, offers for liquid spot were up US$20 a ton while solid goods offers rose US$5 a ton.
Caprolactum prices edged up that week on moderate demand amid tight supply and on back of recovering raw materials market. Spot offers for liquid and solid goods were hiked in China while contract nominations for July were raised by major producers.
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Spykar Lifesyles, fashion apparel brand , established in 1992, having a network of 205 franchise shops and 300 large branded stores in 110 cities with expansion in the women’s wear segment is aiming to double its sales to Rs 700 crore in the next four years. Besides, the company would enhance its sales network and tap the online sales channel to boost its sales.
In 2015-16, the company had a business of Rs 245 crore.
Southern India Mills Association (SIMA) Chairman M Senthilkumar thanked the Ministry of Textiles for actively considering the Association plea of selling the cotton only to the actual users and stated that this would bring in stability in the cotton price during the off season.
He expressed gratitude towards Union Ministry of textiles for taking a proactive decision of selling cotton through Cotton Corporation of India (CCI) to the actual users consisting of Micro, Small and Medium Enterprise (MSME) inorder to stabilize the cotton price.
In Qianqing, PC (65/35) 32s yarn prices rose US cents 4 a kg while 45s PC combed yarn prices rolled over on the week. 32s PV (65/35) were stable on the week.
In China, PC prices were seen inching up on the week despite seasonal demand is usually low in July and any attempt to raise prices could be strongly resisted until the month end.
In Jiangsu, 40s compact sirospun yarn prices rolled over in the first week of July while 30s spun viscose in Xiaoshan was up on the week. Offers for ring-spun 40s yarn were up US cents 3 a kg.
Spun viscose yarn market sentiment showed sign of strengthening as VSF prices climbed in China. In Xiaoshan and Shaoxing, spun viscose yarn markets were largely stable and some mills tentatively raised their indications. Ring-spun 30s yarn prices were hiked while 40s compact sirospun yarn prices remained unchanged.
Sixteen Bangladeshi fabric and garment companies will be participating at the 39th edition of Texworld, a four-day globally renowned fashion exhibition which is organized by Messefrankfurt, to start in Paris on September 12.
Bangladesh will have a national pavilion hired by the Export Promotion Bureau at the show.
Raymond, fabrics and garments company as part of its overseas push is now planning to build up its brand presence in the Middle East and South Asian countries. The company is also supplying fabrics to leading garments manufacturers in the US, Europe and Japan.
Sudhanshu Pokhriyal, president (suiting) Raymond Limited said that their products get acceptance in 55 countries. Now they are aiming to make the brand Raymond even stronger in the Middle East and South Asia.
He said that the company recently opened an office in Dubai, which would look after the middle eastern markets.
In cluster like Surat, the country’s largest man-made fabric MMF hub, there are around 1.50 lakh embroidery units working in decentralized and unorganized sector. Each process in garments manufacturing is carried out by distinctly by different units. Despite of this the embroidery sector has been excluded from getting the benefits of subsidy under Amended Technology Upgradation Fund Scheme (A-TUFS).
On the other hand, cops winder, considered as import machinery in weaving preparatory is excluded from the machinery list under A-TUFs.
Bangladesh, currently has around 30,000 to 40,000 textile mills, of which 20% to 30% are modernized and producing high quality export-oriented products while the rest 80% use traditional power-loom to produce saree, lungi, poplin, napkin, long clothes, shirting and suiting, said Azizul Haque, President of Bangladesh Specialised Textile Mills and Powerloom Industries Association (BSTMPIA).
