News Tags

Related Keywords: Dialogues with European Union revived, display knitwear and woven products, explore new markets, extension of market assistances, foreign garment manufacturer from Nepal, get FTA between India and EU signed, give impetus to exports, inaugural of India knit fair, increase textile exports from India, Rashmi Verma, Union Secretary Textile

Dialogues with European Union had been revived to get the Free Trade Agreement between India and EU signed at the earliest. This would give an impetus to exports from the country, Rashmi Verma, Union Secretary (Textiles), said at the inaugural of the 42nd India Knit Fair. The main attraction of the India Knit Fair this time is the participation of a foreign garment manufacturer from Nepal displaying both knitwear and woven products.

Related Keywords: Agriculture, Ambassador of Portugal to Pakistan, especially textile, explore untapped market potential, favours trade promotion with Portugal, FPCCI, huge potential for two-way trade, Portugal eighth place among top exporting destination, traditional and non traditional products, twelveth place among top importing member states of EU

Mian Rehman Aziz, Regional Chairman and Vice President of the FPCCI during his meeting with Dr Joao Paulo Sabido Costa, Ambassador of Portugal to Pakistan at the FPCCI Regional Office Lahore on Wednesday said that Portugal comes at the eighth place among the top exporting destinations and at 12th place among the top importing member states of the European Union. GSP Plus status of Pakistan favours trade promotion with Portugal.

Related Keywords: enable A&E to more fully benefit from both fast-growing domestic demand for high-quality products

American & Efird (A&E), the largest U.S. manufacturer and distributor of thread and technical textiles, to increase its stake in Vardhman Yarns and Threads Limited, India’s second-largest manufacturer and distributor of industrial and consumer sewing thread, from its joint-venture partner, Vardhman Textiles to expand its production base.

In China, medium-length staple fiber and cotton-type staple prices were steady in the last week of April.

Anqing Petrochemical and Qilu Petrochemical nominated 1.5D cotton-type fiber at 12.45 Yuan a kg (US$1.93 a kg) and 12.05 Yuan a kg (US$1.87 a kg), respectively.

Acrylic staple fibre prices rolled over firmly given the rise in acrylonitrile cost and stable downstream demand.

Downstream buyers mainly covered their immediate requirements due to thin orders while overall market atmosphere was just modest.

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

The acrylonitrile markers gained US$20 a ton CFR Far East Asia and Southeast Asia in the last week of April.

In China, offers for offshore cargoes were up US$40 a ton CFR China on the week. Prices for deep‐sea cargoes were below that level.

Acrylonitrile prices in Asian markets rose on the week as supply was still tight with few deepsea offers. Upstream, propylene cost was also on the rise supporting downstream sector.

Prices continued to track higher across all markets. In China, spot prices held firm that week and majors offered flat.

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

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, viscose yarn export, yarn exports value, yarn import in Bangladesh, yarn import in Egypt, yarn import in turkey

India’s blended spun yarns export value was up 4.8 per cent YoY in March 2016 while volumes rose 10.6 per cent as compared to the same month last year.

Polyester cottons yarns were exported to 51 countries in March, of which, Egypt and Bangladesh were the largest importers of PC yarn from India followed by Morocco. 6.7 million kg of total PC yarns was exported from India during the month.

Honduras, Spain, Sri Lanka and Germany were the fastest growing markets for PC yarns while Peru significantly reduced its import of PC yarns from India.

Related Keywords: Bt cotton, Bt cotton to jump-start the propagation of the GM variant this year, commercialization of Bacillus thuringiensis, likely to give green signal, may be delayed by a year, multi location field trials of Bt cotton concluded, Philippine Fiber Industry Development Authority, production cost, target of planting land with Bt cotton

The Philippine Fiber Industry Development Authority (PhilFida) likely to give a green signal to the commercialization of Bacillus thuringiensis (Bt) in the fourth quarter of 2016. PhilFida Executive Director Clarito M. Barron said that under the new joint department circular (JDC), there are already revised guidelines for the impact assessment of every genetically modified (GM) crop on the environment. The multi location field trials of Bt cotton have concluded.

Related Keywords: existing unit at Kim near Surat, expansion plans, increase by approximately fifty percent, leading Indian manufacturer of fabrics and texturised yarn, Mohit Industries Limited, plans to install eight texturising machines, polyester draw texturised yarn capacity, received sanction for term loan, rupees eighteen crore

Mohit Industries Limited, a leading Indian manufacturer of fabrics and texturised yarn has received sanction for a term loan of ₹18 crore to fund its expansion plans at its existing unit at Kim, near Surat.

The total project cost of the expansion is ₹24 crore. Construction work for the first phase will be completed by end of this month and installation of machinery is expected by next month. The company plans to install eight texturising machines in a new building at its 2.5 lakh sq ft facility in Kim.

Related Keywords: attract Japanese companies, Cham Ugala Uriat, Ethiopias new Ambassador to Japan, help Ethiopia become the regions textile hub, introduce Japanese technology, investment projects into Ehtiopia, reduce production costs, serve as a gateway to Africa, speed up its growth, strengthen bilateral ties

Cham Ugala Uriat, Ethiopia’s new Ambassador to Japan, who officially assumed his position in April, wants to attract Japanese companies and introduce Japanese technology and investment projects into Ethiopia as it would not only speed up its growth but could also serve as a gateway to Africa.

The ambassador believes that Japanese technology will speed up Ethiopia’s growth, and with investment projects in sectors such as the textile industry, will help Ethiopia become the region’s textile hub by 2025.

Related Keywords: Cross River state, fully automated, garment and textile factory, garment factory biggest in Africa, Governor Ben Avade, President Muhammadu Buhari, ready for the commissioning, spot inspection of ongoing work

The Cross River State Governor, Ben Ayade, after an on the spot inspection of ongoing work which is at its peak at the Garment and textile factory said the state is 99% ready for the commissioning of its garment and textile factory as well as the Calabar Monorail which is expected to be done by President Muhammadu Buhari and his wife, Aisha Buhari, in the coming weeks.