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Related Keywords: affecting entire chain of textile, autoloom, decline in orders, demand of hike in wages, facing tough time, Ichalkaranji-based textile sector, intervention from the needed, powerloom, production scaled down, sizing and processing sectors

The Ichalkaranji-based textile sector that employs more than 60,000 people only in Ichalkaranji the autoloom, powerloom, sizing and processing sectors are facing tough time as production has been scaled down to 30-40% because of decline in orders affecting the entire chain of textile.

There are several subsidy components that are closed by the state government which has also affected the industry and trimming incomes, said Prakash Awade, an expert in textile sector.

Related Keywords: employment in Nigeria, financial aid in textile, garment manufacturers, Nigerian economy, textile industries in Nigeria, textile industry operations, textile makers, Textile production

In order to improve the economy of the country, the Central Bank of Nigeria (CBN) has proposed to provide financial help to textile industries in Nigeria.

Recently, a meeting with garment and textile makers was held by Godwin Emefiele, CBN governor, in Abuja.

He discussed on how to solve the issues which are hindering textile production and provide assistance in such issues.

He stated that garment and textile manufacturing industries create employment and contribute to the country's economy and therefore must be provided proper assistance to function properly.

The Government of India on the recommendation of the Directorate General of Anti-dumping and Allied Duties have imposed anti-dumping duty on import of various polyester yarns from China and Thailand for a period of five years, effective from 21 October has evoked mixed response from the industry.

Related Keywords: at the Performance Days, Deltapeak, ECO STORM, fibre product converting company, leading fabric show, lightweight, next-generation fabric, Octa, showcase range of high performance and comfort fabrics, Solotex, sports and daily use, Teijin Frontier, Teijin Group, thin, three-layer fabric

Teijin Frontier, the Teijin Group's fibre-product converting company at the Performance Days, a leading fabric show that will take place from 3-4 November will showcase a range of high-performance and comfort fabrics that meet diverse demands for sports and daily use. This will be Teijin Frontier’s fifth appearance at the event.

The Teijin Frontier stand will also exhibit Teijin Frontier’s environmentally friendly solutions that help to conserve fossil resources and reduce CO2 emissions.

Related Keywords: exhibit traditional outfits on the runway, fashion designers, for the coutur industry, forced to import from other African countires, Hub of Africa Fashion Week, invest in fashion designing training institutions, lack good and indigenious material, revamp local textile industry, Zambian potential of producing internationally

Zambia has the potential of producing internationally recognised designers as it has a lot of good and talented designers but local fashion designers lack good and indigenous materials for the couture industry hence are forced to import from other African countries, said Zambian fashion designer Charity Nyirongo.

Nyirongo has called on the government to invest in fashion designing training institutions as the move has the potential to revive the collapsed textile industry.

Related Keywords: acquired two Italian yarn manufacturers, enhance product range, financial strenght, global reach, increase footprint in European market, market leader for worsted spun yarn, Safil Spa and Gruppo Tessile Industriale, Südwolle Group

Südwolle Group, based in Schwaig near Nuremberg, Germany is the world’s market leader for worsted spun yarn for weaving, circular and flat knitting in pure wool and wool blends signed an agreement to acquire a 100% stake in Safil S.p.A. as well as an 80% stake in Gruppo Tessile Industriale (GTI) S.p.A., both Italian based worsted yarn manufacturers.

In China, semi-dull FDY70D/24F prices rolled over in the third week of October while FDY40D were down US cents 3 a kg on the lower end.

Nylon DTY 70D/24F prices were down US cents 3 a kg on the upper end.

DTY 30D/10F were also down US cents 7 a kg on the upper end.

Monofilament 30D was stable and 1.5D staple fiber was at 15.50-16.00 Yuan a kg (US$2.44-2.52 a kg).

Nylon yarn makers continued to suffer depleted margins on rebounding raw materials and flagging demand.

Producers were contemplating production cutback on poor confidence and deteriorating margins.

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

In China, liquid good offers edged up US$45 a ton in the third week of October.

Asian markers, the SE and FE were up US$20 a ton while trading values for East European goods were at US$1,330-1,380 a ton.

Sinopec upped its contract settlement for October to US$1,810 a ton (up US$45) for liquid goods while DSM Nanjing also raised its nomination for October to US$1,875 a ton (up US$50) for solid goods.

Caprolactum prices were slightly up amid moderate demand as producers pushed offers up on mounting run rates of downstream chip producers.

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

Related Keywords: await the full text of the TPP, duty disadvantage at home, expand outside India, hurt exports of textile items to Vietnam, Indian textile and garment companies, moving to select TPP countries, potential risk of investment and employment, RCEP, shift base to Vietnam, TPP, yarn-forward rule

The Indian textile and garment companies facing duty disadvantage at home, some have already prompted to expand outside India in recent years. Moreover, with the recently negotiated Trans-Pacific Partnership (TPP), some more the Indian companies may shift their base to Vietnam to grab the advantage of duty-free access to the US and other TPP markets, like they did some years ago to Bangladesh to take the benefit of duty in exports as well as low labour costs, according to analysts.

Related Keywords: denim fabric, denim manufacturing in Africa, denim plant, denim plant capacity, long-staple cotton, tax incentives in textile, textile industry in Ethiopia

Kanoria Africa Textiles Plc, a wholly owned subsidiary of Kanoria Chemicals & Industries Ltd, has set up an integrated denim project at Bishoftu, Ethiopia.

This plant in Ethiopia has set up to manufacture denim fabric, which is the first such project in East Africa.

The plant has 16 acres of land 50 km off the Ethiopian capital Addis Ababa.

The plant has set up at a cost of $50 million which will have the capacity of producing 12 million metres annually.

The unit has spinning (1440 rotors), weaving (60 looms) units, a dyeing facility and a finishing line.