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Aptma seeks exemption from extra anti-dumping duty on specialty PSF

Related Keywords: APTMA, exemption from additional anti dumping duty, high value added textiles, import of speciality polyester fibre, limiting textile industry from product and market diversification, not produced domestically, Polyster staple fibre, produced by PSF producers in China, specialty polyesters used for the production of yarns, Thailand and Japan

Pakistan only produces normal (generic) polyester staple fibre of semi dull and bright type in deniers of 0.8-1.4 according to All Pakistan Textile Mills Association (APTMA), hence wants exemption from additional anti-dumping duty on the import of specialty polyester fibre which is not being produced domestically as additional duty is limiting the textile industry from product and market diversification.

Italian Textile Machinery Roadshow to begin on 22 May in Iran

Related Keywords: international sanctions delayed modernization, Ministry of Economic Development, organized by Italian Trade Agency, series of technology symposia programmed, Textile Machinery roadshow in Iran, textile production process, total twenty six Italian textile machinery manufacturers will take part, twenty three are ACIMIT associated members

A textile machinery Roadshow in Iran being organized by the Italian Trade Agency supported by the Ministry of Economic Development where a total of 26 Italian textile machinery manufacturers of which 23 are ACIMIT associated members will be taking part.

The Roadshow in Iran will kick off on 22 May, and until 30 May. There will be a series of technology symposia programmed in some of the Country’s major cities (Teheran, Yazd, Isfahan, Mashad).

Dwindling fine stock pushes prices upward on cotton market

Related Keywords: cotton bales, dwindling stock on quality lint, extended overnight gain, gaining momentum, international market, market sources, official spot rate, Pakistan cotton market, prices are drifting lower, process of modest trading, rates in local market, short supply position, slow demand, ushing the prices further upward

The dwindling stock of quality lint is pushing the prices further upward at the cotton market on Friday in the process of modest trading, dealers said. According to market sources, in the international market, prices are drifting lower on slow demand but rates in local market gradually gaining momentum on the short supply position.

The official spot rate extended overnight gains, picking up further Rs 25 to Rs 5,650 dealers said.

Govt’s amendments in IEIS & MEIS scheme welcomed by Texprocil

Related Keywords: exports of Made ups, extended duty credit scrip, Government announces amendment of IEIS and MEIS scheme, huge relief for exporters, improve cash flow of the exporters, Incremental exports incentivisation scheme, landing certificates from the shipping companies, Merchandise Exports from India Scheme, not require, Texprocil, under group C

Government announcement to remove the restriction under the Incremental Exports Incentivisation Scheme (IEIS), which will help in improving the cash flow of the exporters yesterday which was welcomed by the Cotton Textiles Export Promotion Council (Texprocil).

Yarn Expo Autumn 2016 all set to return to Shanghai this October 2016

Related Keywords: all set to take place in Shanghai, great platform to discover new business opportunities, help in developing Chinese market, Pakistan and Uzbekistani cotton yarn exhibitors, speciality textile yarn and fibre trade event, Strong demand for synthetic, synthetic yarn producers, Texprocil, Uzbekistan exhibitors, welcome Indian, Yarn Expo Autumn

Yarn Expo Autumn 2016, a speciality textile yarn and fibre trade event after the successful last edition of the fair that conclude in March with a record breaking number of exhibitors is now all set to take place in Shanghai this October and will welcome Indian, Pakistani and Uzbekistani cotton yarn exhibitors, as well as synthetic yarn producers, who express optimism towards the future prospects of the industry.

Sri Lankan textile and garment export earnings improves 13.3pc in Jan 2016

Related Keywords: central bank, contributes fifty two percent to total exports, expenditure on textile and textile articles, garment exports to both traditional and non-traditional markets, imports plunged at a faster percent, improves in January, increase recorded in fabrics imports, international market, Sri Lankan export earnings from textiles and garments

Sri Lankan export earnings from textiles and garments, which contributed nearly 52 percent to the total exports, improved by 13.3 percent in January 2016, reversing the declining trend prevailed in last quarter of 2015.

But actually exports declined 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports plunged at a faster 5.5 percent to 1,589.1 million US dollars, according to official data.

Rise in cotton prices in response to high demand from spinners

Related Keywords: fine quality lint, ginners raised asking prices, KCA spot rate, meet requirement, mills rush to secure bales, Pakistan cotton market, prices surged, response to high demand from spinners, TCP, Textile Industry

At cotton market as mills rush to secure bales to meet their requirement ginners has raised asking prices in response to high demand from spinners. There is a moved upwards and prices have surged to Rs6,000/maund, said brokers.

The Karachi Cotton Association rose the benchmark spot rate by Rs75 to Rs5,625/maund.

Reeling from supply problems, many spinners rushed to the market and started panic buying to refill their depleting stocks. Volumes were high with traders bought 11,424 cotton bales at the ready counter.

Russian govt sets US$30mn support to protect domestic textile industry

Related Keywords: against foreign competition, approved programme under existing govt policy, cover interest rates on loans, protect domestic textile industry, provide funds for technical support, re-equipping manufacturers, Russia government, spent on direct subsidies for textile and clothing manufacturers, Strategy of development of textile and light industry

The Russian government to protect the domestic textile industry against foreign competition has approved a proposed programme under an existing government policy know as the “Strategy of development of textile and light industry in the Russian Federation for the period till 2025” which includes covering the current financial year.

The volume of support has been set by the ministry of industry and trade at two billion roubles (US$30m).

Nanotechnology use in smart textile to drive global smart textile market

Related Keywords: anti-bacterial properties, enhance fabric with several features, estimated to reach a value of USD seven thousand seven hundred thirty, followed by Europe, Global smart textiles market, increase use of nanotechnology, North America dominated overall market, register a high growth rate, Smart Textiles, UV protection, water and stain resistance

The global smart textiles market was worth US$700million and is estimated to reach a value of US$7,730m by the end of 2023, projected to grow by nearly 30.80% between 2015 and 2023, according to the research study in 2014.

One of the major factors driving the global smart textile market is increasing use of nanotechnology in smart textiles.

The adoption of nanotechnology helps in enhancing the fabric with several features such as water and stain resistance, UV protection, and anti-bacterial properties.

Brazilian cotton pricessurge by almost 10pc due to firm demand in April

Related Keywords: Brazilian cotton, Brazilian cotton export, Cepea, cotton cultivation, decrease in supply from cotton growing countries, firm demand, India, lower output, possible interest for imports by China, reduced domestic stock, surge by ten percent, volume of cotton

Brazilian cotton prices in April 2016 increased by nearly ten percent due to firm demand, decrease in supply from important cotton growing countries like India, and China’s possible interest for imports. However, the volume of cotton already traded this season is little less than the volume sold in the same period last year.

The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo rose 9.66 per cent to 2.6680 BRL ($0.777) per pound on April 29.

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