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Related Keywords: allocated amount is meant for modernizing jute mills, gave directive to allocate funds for BJMC, Jute mill workers, Prime Minister Sheikh Hasina, purchasing raw materials for the mills, receive their due wages, state owned jute mills

Prime Minister Sheikh Hasina at the regular cabinet meeting yesterday gave directives to allocate the fund for Bangladesh Jute Mills Corporation (BJMC). After the meeting, the Jute and Textile Ministry announced that the government has allocated Tk1,000 crore fund for 27 state-owned jute mills in the country.

The BJMC has 27 jute mills under it, with 70,000 employees. Among them, 32,000 are permanent and the remaining employees work on a contractual basis.

In China, semi-dull FDY70D/24F prices increased US cents 4-7 a kg in the last week of March while FDY40D rose US cents 3-7 a kg. Nylon DTY 70D/24F prices were up US cents 5 a kg while 30D/10F prices rolled over on the week.

Monofilament 30D prices inched up on the week while 1.5D staple fiber rose US cents 7-10 a kg during the week.

The past inventory built-up by nylon filament yarn makers have been restraining prices to go up in spite of firming caprolactum and nylon chips cost. Nylon yarn makers had ramped up operating rate with expectation that fundamentals will become favorable.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Offers for liquid good in China jumped US$60 a ton in the last week of March while solid goods offers rose US$35 a ton. Asian markers, the SE and FE markers gained US$30-50 a ton.

Sinopec announced April contract which was up US$80 a ton from March settlement for liquid goods while Fibrant (formerly DSM Nanjing) announced April nomination which was up US$90 a ton for liquid goods.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: brough together top brands, business meetings, high profile meetings, largest export oriented event, milestone, positive message across the wolrd, Texpo Pakistan concluded, that Pakistan undauntely moved ahaed wtih peacedul business Enviroment

TEXPO Pakistan, a 4-day dedicated textile exhibition which was attended by top global textile players concludes with a positive message across the world that Pakistan undauntedly moved ahead with in a peaceful business environment.

The focused exhibition has the potential become the largest export oriented event after IDEAS, which would be a milestone by an expected business deals worth $500 million.

Related Keywords: approach governemnt, avail of duty preference, beisdes hitting garment exports, duty turns disadvantageous for apparel exports, Indian Texpreneurs Federation, serious implication on textile sector, share is likely to fall substantially, take close look at impact on textile sector, Trans-Pacific Trade Partnership, YFR

Trans-Pacific Trade Partnership likely to have serious implications on the textile sector, besides hitting garment exports to the US, the Indian Texpreneurs Federation has approached the government to take a closer look at the possible impact on the textile sector.

Related Keywords: among international buyers, attendance of international buyers from all over the world increasing, fashion industry of Pakistan, Fashion Pakistan Week, fashion trade, gaining popularity, opportunity to bridge between fashion houses and international buyers, Pakistan designers, Pakistan on the fashion map of the world, Pakistan textile industry

The 10th Fashion Pakistan Week 2016 spring summer is becoming an opportunity to bridge between fashion houses and international buyers as the fashion industry of Pakistan is gaining popularity among the international textile buyers as the attendance of international buyers from all over the world increasing.

The line-up for Day 2 included collections by the talented designer Zaheer Abbas, Jafferjees, textiles giant Gul Ahmed, men’s wear guru Amir Adnan, Huma Adnan, creative Nauman Arfeen, young and budding designer Zainab Salman and Ayesha Farooq Hashwani.

Related Keywords: Decorex Cape Town, design trends, fabric and textiles design exhibitors, hundred percent design South Africa show, one-stop shop interactive maker hub, products and services, showcase latest decor, Textiles pavilion

The 100% Design South Africa show Decorex Cape Town 2016, a comprehensive showcase of the latest décor and design trends, products and services to kick off on 29 April and runs for four days, until 2 May, at the Cape Town International Convention Centre.

The 100% Textiles pavilion is set to be a highlight of the upcoming Decorex Cape Town while the design show will be held in Johannesburg in August. Also forming part of the 100% Textiles pavilion is a selection of fabric and textiles design exhibitors as well as the engaging Makers Hub.

Related Keywords: export target, formulate mechanism of FTAs, hospitals and retailers show interest in home textiles, hotels, Institutions, Texpo exhibition successful experiment, through Texpo exhibition, towel exporters expect fresh export orders, Towel industry opted latest technique in production, Towel Manufacturers Association of Pakistan, zero rating

Towel Manufacturers Association of Pakistan Chairman Farrukh Maqbool said that TEXPO-2016 was a successful experiment as Institutions, hotels, hospitals and retailers have shown more interest in home textiles. The towel exporters are expecting fresh export orders worth more than 10 million dollars through TEXPO exhibition.

Towel industry had opted latest technique in production of towels. But due to blockade of huge refunds, the industry was facing financial crunch. Had funds were released to exporters, the export of towel could reach to 2 billion dollars within a year.

Related Keywords: delegations from South Americas, explore high value garments, generated serious business leads, high profile meetings held, home textile for hospitality industry, Indonesia, Japan, Jordan, Nigeria and India met with TDAP, organized by TDAP, Texpo, Thailand, Thailand delegation showed keen interest in export of cotton yarn

On the 2nd day of the TEXPO 2016, organized by TDAP, the delegations from South Americas, Jordan, Japan, Thailand, Indonesia, Nigeria and India met with TDAP CE S M Muneer and TDAP Secretary Rabya Javeri Agha. The high profile meetings generated some serious business leads.

The delegation from Jordan, led by Aman chamber of commerce & textile and ready-made clothes syndicates, shared great enthusiasm for hosting a single country exhibition of Pakistan, which will be organized by the TDAP in Jordan.

Related Keywords: Adam city, Chinese conglomerate, Ethiopia attracted foreign companies, factory will be located in industrial park, Jiangsu Sunshine Group, manufacture wool fabrics and finished parts, operating textile and clothing sector, plans to make investment, set up textile plant in Ethiopia

Chinese conglomerate Jiangsu Sunshine Group plans to make investment of $350 million to set up a textile plant in Ethiopia in a bid to boost the country’s textile industry as the textile industry is believed to be a bridge for economic development and making Ethiopia Africa's textile industry hub.

The plant will be located in the industrial park of the city of Adama which will produce 10 million meters of worsted wool fabrics and 1.5 million finished parts.

The project has been announced as Ethiopia battles one of the worst droughts since the last in 1983.