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Indonesian textile industry likely to remain under pressure this year

Related Keywords: API, exports to grow only one percent, Indonesian textile and textile products industry remains under pressure, Indonesian Textile Association, key industry within Southeast Asia, labor intensive, one of the oldest industries in Indonesia, ten largest textile producers, Textile Industry, trouble to compete with imports of cheap textile

The textile industry, one of the oldest industries in Indonesia, is a key industry within Southeast Asia's largest economy as it - being labor intensive - creates employment opportunities for millions of Indonesians. Although, by far, China is the world's top textile producer and exporter, Indonesia cannot be labelled a small player being ranked among the world's top ten largest textile producers.

First Pak Bahrain Business Opportunities Conference to be held this year

Related Keywords: agriculture products, bilateral trade, collaboration with the Ministry of Industry, Commerce and Tourism of Kingdom of Bahrain, constitute Pakistan Bahrain Business Council, focus on investment opportunities, hold first Pakistan Bahrain Business Opportunities Conference, includes Textile, Pakistan

Pakistan in collaboration with the Ministry of Industry, Commerce and Tourism of Kingdom of Bahrain to hold first Pakistan-Bahrain Business Opportunities Conference later this year The conference will focus on investment opportunities in various field which includes textile, agriculture products also.

Fourth international coir fair to begin tomorrow at Coimbatore

Related Keywords: All India coir road show, display entire range of coir products, displaying products ranging from traditional floor covering material, Fourth edition of India International Coir Fair, IICF, Live demonstrations on technology, named Coir Kranti Express, ninety five individual exhibitors to participate, pass through all states, to coir wood

The fourth edition of the India International Coir Fair (IICF-2016), to be held on July 15 and 16 at Coimbatore, where as many as 95 individual exhibitors from across the country are expected to participate displaying products ranging from the traditional floor covering material to coir wood, the chairman of Coir Board, C P Radhakrishnan said.

Cotton output estimate revised to 338 lakh bales this season

Related Keywords: better incentives, compared to the domestic rates, consumption of cotton discussed, Cotton Advisory Board, cotton production, especially in the central and the southern zone, export, farmers shifting to other crops, import, international cotton prices weak, production, state-wise area, Textile Commissioner Kavita Gupta

Cotton production is estimated to be 338 lakh bales in the 2015-16 season (which began on October 1) from 386 lakh bales in the previous year as the area under cotton has decreased to 119.10 lakh hectares this season compared to 128.46 in the previous year.

This is mainly as farmers are shifting to other crops, like pulses, where they are getting better incentives, especially in the central and the southern zone, said Textile Commissioner Kavita Gupta.

Ethiopia opens up giant industrial park mainly designed for textile industry

Related Keywords: agro industry, believe to boost exports, dream to be leading manufacturing powerhouse of Africa, Ethiopia opens up giant industrial park, garment products, mainly designed for textile manufacture, part of government plans to expand the industry development

Ethiopia opens up a giant industrial park on Wednesday, mainly designed for textile manufacture, garment products and agro industry which is believed to boost exports. The new park is built as part of government plans to expand the industry development which has a crucial role in realizing the country’s dream to be Africa’s leading manufacturing powerhouse.The mega project built by a Chinese company was completed in only 9 months period.

Blended yarns export value dips 5.8pc after recent rise

Related Keywords: acrylic yarn export, India’s yarn export, manmade fibre yarn exports, PC yarn exports, polyester yarn export, PV yarn exports, Spun yarn exports, Textile Industry, textiles in india, viscose yarn export, yarn exports value, yarn import in Bangladesh, yarn import in Egypt, yarn import in turkey, yarn industry

India’s blended spun yarns export was worth US$30.3 million in May 2016, down 5.8 per cent YoY while volumes were at 10.5 million kg. During April 2016, blended spun yarns export value was up 11.2 per cent YoY while volumes rose 19.5 per cent as compared to the same month last year.

5.3 million kg of PC yarns was exported from India during May. Polyester cottons yarns were exported to 47 countries in May 2016, of which, Bangladesh and Honduras were the largest importers of PC yarn from India in May followed by Colombia.

Asian ASF prices remain stable

In China, medium-length staple fiber and cotton-type staple prices were down US cents 2 a kg in the last week of June due to weak Yuan.

Acrylic staple fiber markets were stable that week in Asia as prices mostly rolled over while fresh list prices from mainstream producers in China were issued at flat level. Upstream, acrylonitrile sentiment was stable to firm, lending limited support to ASF market.

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

Acrylonitrile price climbs in Asia, down in US

Asian ACN marker, the CFR Far East Asia was up US$10 a ton while Southeast Asia rose US$5 a ton in the last week of June. In China, offers for offshore cargoes were stable during the week.

Acrylonitrile prices in Asian markets were stable to higher on the week as demand resurged while supply was likely to reduce as Secco will shut its 260,000 ton a year plant for a month beginning 15 August while Taekwang moved turnaround earlier to 24 July.

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

Textiles ministry package giving out less Tufs disbursement

Related Keywords: apparel industry wants hastening of Tufs disbursement, boost the overall export, disbursement excluded spinning industry, disbursement of funds, especially to spinning, potential is high for new investment, Recently announced package for textile sector, shows dull picture under Tufs, weaving and fabric making units

The central government in its recently announced a Rs 6,000-crore package for the sector, aim of generating 10 million jobs and boost export by a cumulative $30 billion over three years. But disbursement of funds under the Technology Upgradation Fund Scheme (Tufs) of the Union textiles ministry shows a dull picture.

Ecnec gives nod to set up textile engineering institute in Sirajganj

Related Keywords: aiming to produce mid-level efficient technologists, cost of expansion increased, Ecnec, Executive Committee of the National Economic Council, expansion of infrastructure, first meeting in new fiscal year, five big projects got approval, proposal to set up textile engineering institue in Sirajganj, renovation of the Cloth Processing Centre

In the first meeting of the Executive Committee of the National Economic Council (Ecnec) in the new fiscal year, five big projects involving around Tk700 crore which will come from internal source were given approval. Of the five projects that got nod from Ecnec, a proposal to set up a textile engineering institute in Sirajganj at a cost of Tk 87.46 crore was approved by Ecnec.

It is aiming to produce mid-level efficient technologists for the textile sector. When the new textile institute will be set up, 180 fresh textile technologists would graduate from there.

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