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Pakistan ginneries witness 28.93pc drop in cotton arrival

Related Keywords: cotton bales, cotton bales lying in unsold stock, ginning factories, Pakistan Cotton Ginners Association, Pakistan ginneries, seed cotton, Textile mills, witness drop in cotton arrival

Ginneries across Pakistan as of December 1st have received seed cotton (phutti) equivalent to over 86,31,933 bacles of cotton which shows a decrease of 28.93 percent compared to corresponding period last year when ginneries received 1,21,45,705 bales according to the 7th fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued on figures of cotton arrival up to December 1st, 2015 on Thursday.

Nanshan to work on joint ventures with Australian wool industry

Related Keywords: Australian wool industry, AWI, Chinese wool textile firm, commwercialisation, develop new wool textiles, innovating to broaden market, Nanshan Corporation, Nanshan Wool Tasmania source of the wool, product development, small pilot plant with sample machines, third largest wool manufacturer, unique textiles and designs, work on joint ventures

A delegation of Nanshan Corporation, Chinese wool textile firm are in Australia this week to work on joint ventures with Australian wool industry to bring new products to market. The Woolmark Company's general manager for product development and commercialisation Jimmy Jackson said that Australian Wool Innovation (AWI) was working with Nanshan to develop new wool textiles.

NTC signs Mou for adopting integrity pact with TII

Related Keywords: adopting Integrity Pact, all activities and transactions between, Central Vigilance Commissionper, Company or Government Department and their Suppliers, handled in a fair, IP prepared under guidelines, monitored by IEMs, National Textile Corporation, signs MOU with, TII, Transparency International India, transparent and corruption-free manner

National Textile Corporation Limited (NTC Ltd) signs Memorandum of Understanding (MoU) with Transparency International India (TII) for adopting Integrity Pact (IP). The signing ceremony was attended by Shri K V Chowdary, Central Vigilance Commissioner; Dr. S. K Panda, Secretary, Textiles, and other senior officials from Ministry of Textiles.

Polyester yarn price moves up in India, down in China

In Qianqing, offers for 32s polyester yarn was down US cents 3 a kg in the third week of November.

In China, spun polyester yarn market saw sporadic trades and offers were corrected down to reflect upstream weakness and poor sales.

Yarn makers tended to buy PSF on credit, but suppliers and traders were less willing to accept.

In India, spun polyester prices rose 1.7-2.2 per cent depending on counts and markets.

Polyester yarn 30 knitting yarns prices were up US cents 5 a kg in Ludhiana market while they rolled over in Indore market.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Malaysia’s participation in TPPA to lift export for textile industry

Related Keywords: assuming all tariffs are eliminated, due to higher manufacturing exports, first decade of TPPA implementation, gain in GDP, increase in investments, Malaysian particiapation in TPPA, Malaysian textile sector, NTMs, PwC study indicates, register largest gains in exports, rise in exports

Malaysia’s participation in the Trans-Pacific Partnership Agreement (TPPA) would not only see rise in exports by 0.54 percent to 0.9 percent in 2027 mainly due to higher manufacturing exports but increase investments by an additional US$136 billion to US$239 billion over 2018-2027. It is projected to achieve a cumulative gain in gross domestic product (GDP) of US$107 billion (RM458.9 billion) to US$211 billion over 2018-2027, the PricewaterhouseCoopers (PwC) study indicated.

PTA price falls amid thin trading in Asia

Asian PTA markers fell US$6 a ton CFR China and Southeast CFR in the third week of November.

In China, a few cargoes changed hands at US$592-598 a ton, with discussions above US$600 a ton.

Yisheng Petrochemical’s offers were pegged at US$592-603 a ton through the week while Hengli Petrochemical issued self-lifting offers in the range of US$620-630 a ton.

Purified terephthalic acid prices slipped in Asian market on bearish sentiment and thin trading.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Maharashtra’s dying textile sector to see revival

Related Keywords: big players to share social responsibilities, Delegation of big textile industrialist, high intensity operating machinery in powerloom, met CM Devendra Fadnavis, power susidy to small and medium powerloom and handloom, produce yarn, promote textile industry, sought susidies in power tariff, units that operate on high intensity big machinery

A delegation of big textile industrialists met Chief Minister Devendra Fadnavis on Wednesday, sought subsidies in power tariff on high-intensity operating machinery in their powerlooms. In the state, the government has given power subsidy to small and medium powerloom operations and handloom sectors, those units which operate on high intensity big machinery to produce yarn have to pay commercial rates between Rs 8.50 to Rs 9 per unit.

Fadnavis said that the big players would have to share social responsibilities and not weigh the textile sector in terms of profit and loss.

Aditya Birla Grp organizing LAPF to improve entire textile value-chain

Related Keywords: Aditya Birla Cellulose, bring into line with the 'Make in India' strategy, fabricators and processors, improve entire range of textile value chain, including spinners, Liva Accredited Partner Forum, national drive, organizing stakeholder conclave, pulp and fibre division of Grasim, valuechain partners, world largest VSF maker

Aditya Birla Cellulose -- the pulp and fibre division of Grasim , India’s pioneer and the world's largest viscose staple fibre (VSF) maker with 93 percent market share is organizing a stakeholder conclave in the southern textile hub of Coimbatore on December 4 as part of the national drive, called Liva Accredited Partner Forum (LAPF), aimed at improving the entire range of the textile value chain.

Vietnam establishes proactive role in setting up new global trade rules taking part in TPP

Related Keywords: Akira Amari, establishes proactive role, gain access to US market, Japanese Minister of State for Economic and Fiscal Policy, Japanese Ministry of Foreign Affairs conference, opportunities for textile and garment industry, setting up new global standards and rules, Southeast Asian nation, taking part in the TPP, Vietnam, Vietnam active engagement

Vietnam, the Southeast Asian nation by taking part in the TPP has established a proactive role in joining other countries in setting up new global standards and rules, said Japanese Minister of State for Economic and Fiscal Policy Akira Amari during a press conference at the Japanese Ministry of Foreign Affairs.

CCI to procure cotton from Telangana farmers and make payments in 48 hrs

Related Keywords: assistance to tackle drought in the state, CCI to procure cotton from Telangana farmers, drough relief fund, gave assurance to delegation of Telangana government, handover payment with forty eight hours of sale, irrespective of quanity, Union Minister of Textiles Santosh Kumar Gangwar

A high-level delegation of the Telangana government has been given assurance that cotton procurement would be done by the CCIs all five days in a week from all the farmers who had proper I-cards irrespective of the quantity they bring in to the CCI centres in the state and also they would be handed over payments within 48 hours of the sale.

This assurance was given by Union Minister of Textiles Santosh Kumar Gangwar to the delegation consisting of Deputy Chief Ministers Kadiyam Srihari and Mahmood Ali, minister Pocharam Srinivas Reddy, TRS MPs and Special Representatives.

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