In Qianqing, PC (65/35) 32s and 45s PC combed yarn prices were both down US cents 2-3 a kg in the last week of June. 32s PV (65/35) were down US cents 2 a kg on the week. In China, there was negligible variation in blended yarn prices, reflecting trends on fiber markets. Demand remained relatively depressed, as usual in this part of the year. Yarn maker could however take advantage of the Brexit vote that pushed US$ up against the Renminbi. As a result, import yarn prices rose and demand from yarn buyers could decline further.
Viscose yarn price declines in China, up in India
In Jiangsu, 40s compact sirospun yarn prices fell US cents 4 a kg in the last week of June while 30s spun viscose in Xiaoshan was down US cents 3 a kg.
Spun viscose yarn markets were generally stable and calm in China, but sale/production ratio remained soft and liquidity lagged. Prices for siro‐spun 40s yarn were down owing to softening of VSF markets for the past few weeks. In Fuji, siro-spun rayon yarn prices were largely stable, but firm orders remained weak.
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Toray plans to build air bag fabric facility in Mexico
Related Keywords: boost sales in textile business, construct air bag fabric plant in Mexico, fabric used in automotive, first production facility in the Americas, global market for air bags is growing, make everything from nylon fibers to finished fabric, plans to expand air bag fabric operations toward this end, Toray Industries
Toray Industries aims to boost sales in its textile business to 1 trillion yen by around 2020 and has unveiled plans to expand air bag fabric operations toward this end. Toray plans to construct a air bag fabric plant in Mexico, fabric used in automotive air bags and Toray’s first production facility related to air bags in the Americas.
The roughly 10 billion yen ($100 million) plant, which will make everything from nylon fibers to the finished fabric, is slated to come onstream in fiscal 2017. This will increase the Japanese company's output capacity about 20%.
India Handloom Brand opens its network in Coimbatore
Related Keywords: branding enable weavers to use good quality raw material, First Home of India Handloom Brand Products stores, IHB opened its network in Coimbatore city, operational in five major metro cities, part of expansion plan, produce high quality products, retain sanctity of traditional hand-woven textiles, selling products at affordable price
The First Home of India Handloom Brand Products stores are already operational in five major metro cities-- Delhi Bengaluru, Mumbai, Chennai and Kolkata. As part of its expansion plan, India Handloom Brand (IHB) opened its network in Coimbatore city, said Alok Kumar, Development Commissioner (Handloom), Ministry of Textile, in a release.
IHB has also identified 83 locations to open such stores over a period of time and six stores are successfully functional, selling various products at an affordable price, he claimed.
Pochampally Ikat mela open for handloom lovers
Related Keywords: beauty of Ikat lies in unpredictability of texture of fabric, display wide range of hand woven eco friendly handloom products, Ikat fabrics, organized by Pochampally Handloom Park, patterns achieved by tying and dying yarn prior to weaving, Pochampally IKAT art Mela, using latest textile techniques
A seven-day long Pochampally Ikat Art Mela-2016 an event organised by Pochampally Handloom Park was inaugurated by Krishna Zilla Parishad Chairperson Gadde Anuradha on Friday to give handloom lovers in the city a reason to celebrate. The expo has on display a wide range of hand-woven eco-friendly handloom products.
Pochampally Handloom Park founder chairmen Krishna and Sahesh pointed to the fact that handlooms represented Indian tradition. They said that by buying handlooms, people could support the weavers who had been passing on their skills for generations.
NCC signs pact CCTA to combat growing competition from synthetic fibre
Related Keywords: CCI, CCTA, China Cotton Textile Association, Chinese cotton, combat growing competition synthetic fibres, foster enhance communication between the two group, jointly promote US raw cotton, La Meccanica Costruzione Tessilli, National Cotton Council of America, NCC signed agreement, textile industries, update on US cotton industry, US-manufactured yarn
America's National Cotton Council (NCC) signed an agreement with the China Cotton Textile Association (CCTA) in Beijing during a recent visit of an NCC leadership delegation to share information with the Chinese cotton/textile industries and update them on the US cotton industry. The agreement to foster enhance communication between the two group, the NCC said in a press release.
Lectra to open its new subsidiary in Vietnam
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Lectra, an industry-leading technology company based in Paris, France involved in integrated technology solutions for the textile, home interior, technical textiles and composite materials, announced the opening of its new subsidiary Lectra Vietnam in Ho Chi Minh City on July 1, 2016.
Lectra has been present in Vietnam for over 20 years and represented by its agent Ly Sinh Cong Trading Service Company (LSC) for the past twelve years. The new subsidiary will take over LSC’s team and financial assets.
India garment exporters to explore Iran market
Related Keywords: although United States and EU are important markets, exploring new markets for textiles exports, exploring opportunities in Iran, Indian garment exporters, Indian textiles exporters, Ministry of Textiles, Rashmi Verma, reduce dependence on two regions for growth, reduce import duty on textiles and apparels, Secretary, tax authorities in Iran
Indian garment exporters are exploring opportunities in Iran, although the United States and the European Union are important markets for them, they are exploring new markets for textiles exports in an attempt to reduce their dependence on these two regions for growth, said Rashmi Verma, Secretary, Ministry of Textiles, on the sidelines of an event in Mumbai.
ITF want govt to fix segment wise target for textile industry
Related Keywords: each segment of textile value chain, hit entire textile chain, identify areas with scope for increase in exports, Indian Texpreneurs Federation, moves towards achieving exports target, Russia has huge prospects for Indian textile industry, segment-wise targets will help the industry, shot up in cotton prices, want Centre to fix export targets
The Indian Texpreneurs Federation want the Centre to fix export targets for each segment of the textile value chain so that the industry moves towards achieving the 300 billion dollars of exports target by 2024-2025.
In a memorandum to the new Union Textile Minister Smriti Irani, the association said that segment-wise targets will help the industry and the Government identify areas with scope for increase in exports. For instance, Bangladesh was reducing import of yarn and purchasing more fabric.
Domestic textiles market expected to grow 7-8% in FY17
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The onset of good monsoon and Government initiatives, the domestic textile market may grow by 7-8 percent, which was estimated at USD 60 billion in FY17, said Confederation of IndianTextile Industry (CITI) Chairman Naishadh Parikh.
While, the textiles exports, estimated at USD 40 billion, is likely to expand by 5-8 percent this fiscal.
