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Related Keywords: Bangladesh and Myanmar would be part, Bhutan, China Consulate General of Eastern Zone, China would form an economic corridor, India, keen to invest especially in textile sector, MA Zhanwu, meet organized by ICC, Odisha good place for investment, port development, proposal for bilateral trade between China and Odisha

China Consulate General of Eastern Zone, MA Zhanwu addressing a meet organized by the Indian Chamber of Commerce (ICC) in Bhubaneswar on Tuesday informed that Odisha is a good place for investment and China is keen to invest in the state of Odisha especially in textile sector, port development and food processing.

He also said that they can facilitate trade and investment between Odisha and China in the textile industry, port development, food processing, etc,. The people in the state of Odisha have lots of opportunities and they are doing well.

Related Keywords: easier for local companies to do business, FTA between S Korea and Vietnam, fuel trade and expand investment opportunity, go effective from next week, Southeast Asian country, tariffs would go down at start of every new year, two trading partners can benefit from more tariff cuts, Vietnam third-largest export market for S Korea

South Korea and Vietnam after starting negotiations in September 2012, the two sides formally signed the free trade agreement (FTA) on May 5, with South Korea's National Assembly approving the trade agreement on Nov. 30. The free trade pact between South Korea and Vietnam now will go into effect on Dec. 20, and will help fuel trade and expand investment opportunities, the government said Wednesday.

Related Keywords: DEIMO knitting solutions, excellent occassion for Staubli, held in Milan, ITMA exhibition, latest innovation in textile machinery, leading manufacturer of high speed textile machinery, made business agreements, Schönherr carpet systems, Stäubli Jacquard accessories, weaving preparation solutions

ITMA exhibition that was held in Milan last month was an excellent occasion for Stäubli, the leading manufacturer of high-speed textile machinery to present its latest innovations in textile machinery to the public. Industry representatives and several thousand visitors from around the world showed strong interest in the new high-performance products, a total of 13 novelties designed to offer greater advantages and meet the needs and expectation of the market, according to the manufacturer.

Related Keywords: attract large number of Taiwanese companies, beneift from TPP, cotton yarn, first foreign investors in Vietnam, investment plan, largest Taiwan-invested project, manufacture supporting products, Polytex Far Eastern, processing and manufacturing sector, TAITRA, Taiwan Trade Centre, textile production chain, Vietnam fast growing market

Vietnam's fast-growing market has attracted a large number of Taiwanese companies with investment plans. In fact Taiwanese companies are among the first foreign investors in Vietnam with plan to invest in a textile production chain to benefit from the upcoming, Trans Pacific Partnership (TPP) said John Tang, director of the Taiwan Trade Centre (TAITRA) office in HCM City at a recent press conference.

Related Keywords: carving out yarn spinning business, create a separate roadmap, largest manufacturers and exporters, Mandawewala, next generation, nylon filament yarn, plan smooth succession of business, Polyester Texturised Filament Yarn, process of purchasing partner and chairman stake, the group managing director, Welspun Group, Welspun Syntex

Welspun Syntex Limited , the yarn spinning business established in 1983, flagship company under the Welspun umbrella, the $3-billion textile-to-steel pipes conglomerate will be now managed by cofounder Rajesh Mandawewala’s elder son Abhishek. The decision by Welspun Group to carve out the yarn spinning business is a step to ensure separation of ownership and management, while simultaneously planning a smooth succession of the business to the next generation.

Asian MEG prices fell US$4 a ton CFR China and South East Asia in the first week of December.

In China, MEG prices fluctuated in the range of US$560-565 a ton. However, as news that Saudi Arabia did not cut down oil production trickled in, discussions and trading values of MEG cargoes softened to US$550-555 a ton.

Mono ethylene glycol prices fell on lower MEG futures and short-selling by traders. In China, February MEG futures fell from Monday as bearish sentiment drags bids lower.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene markers were up US$5 a ton FOB Korea and CFR Taiwan/China in the first week of December.

Deal level for January was lower with an open-origin cargo sold at $793 a ton on a CFR Taiwan/Ningbo/Dalian basis.

Paraxylene prices in Asian markets were up on the week but moderated weekend on downstream weakness and deals level for January were lower.

Upstream, isomer mixed xylene was up on buying interest for January while inventor depleted in East China.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Related Keywords: ban on imports from Turkey, Russian jet shot down, Russian market for textiles, Russian textile industry, sanctions on Turkey, Turkey and Russia relations, Turkey's ready-to-wear exporters, Turkish textile manufacturers

After a Russian jet was shot down along the Syrian border on November 24 2015, Russia has imposed economic sanctions on Turkey.

Moscow has banned the import of some Turkish goods, imposed restrictions on travel, and plans to stop some Turkish companies doing business in Russia.

Turkey's ready-to-wear exporters, who have been affected by the Moscow sanctions, eye new markets in Africa to compensate the Russian losses in textile.

Related Keywords: below minimum support price, better infrastructure, direct transfer of funds to cotton farmers project, experimental basis, Kavita Gupta, Ministry of Textiles, price of cotton drops, rolled out in Arvi taluk, Textile Commissioner, Wardha district of Maharashtra, working on procedural modalities

The Ministry of Textiles first stage of the project on direct transfer of funds to cotton farmers’ accounts will be rolled out in Arvi taluk, Wardha district of Maharashtra, on an experimental basis, if the price of cotton drops below the Minimum Support Price (MSP), said Textile Commissioner, Kavita Gupta.

The taluk was identified for the project as land documents are digitised and the Agriculture Produce Market Committee has better infrastructure. They are evolving a mechanism to make the payment directly to the farmers. They are still working on procedural modalities, she said.

Related Keywords: circular knitting mill, Construction will be funded, expand garment production, new share issue, Prolexus Group, reduce amount to buy from external suppliers, set up new knitted fabric plant, vertically integrated

Prolexus Group has grown to be the forerunner in Malaysia's apparel industries, making its mark across the world plans to build a new knitted fabric plant as it looks to become increasingly vertically integrated.

The circular knitting mill with an investment of US$ 10 million which will be located in Johor, about 60km from the group’s current main factory in Batu Pahat, will have an annual production capacity of around 15 million yarns of fabric.