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Related Keywords: Eclat Textile, free trade pact, gain benefits from TPP, major Taiwanese technology-based textile company, plan to increase production capacity, supplies its products Nike and Adidas, two factories in Vietnam, under outsourcing contracts

Eclat Textile, major Taiwanese technology-based textile company, professional functional and flexible knitwear fabric producer and apparel manufacturer plans to increase its production capacity in Vietnam, to gain benefits from the Trans-Pacific Partnership free trade pact.

The company will invest $50.5 million to upgrade two factories of which $40 million will go to a factory in Ba Ria-Vung Tau Province and $10.5 million to a plant in Dong Nai province. Construction will start in early 2016.

The expanded capacity will top 5 million pieces of clothing per month.

Related Keywords: achieve targeted growth in export market, Chinese yarn buyers and traders, constant market intelligence, crushing Indian yarn manufacturers, facilitate opening of common selling centres in China, Indian Texpreneurs Federation, memorandum to Union Ministry of Textile, prevent buyer exploiting, rationalisation of duties on man-made fibre

The Union Ministry of Textiles urged to facilitate opening of common selling offices or facilitation centres in China to encourage close interaction among Indian industrialists and prevent buyers exploiting them, said Indian Texpreneurs Federation (ITF) secretary D Prabhu Dhamodharan in a memorandum to the Ministry Secretary S K Panda.

Common selling centres were necessary as Chinese yarn buyers and traders, as a cartel, have been crushing Indian yarn manufacturers in recent times. To counter them and this would strengthen the Indian buyers' position with constant market intelligence.

Related Keywords: all grade of lint, ask highter price, buyers made deals, cotton bales, domestic market, forward deals for a month period, growing demand of all grades, Karachi cotton assoication, Lint market stood positive, quality on top priority, sellers remained in driving seat, strong spot rate, trading session

Lint market stood positive during trading session as buyers made deals for all grades of lint, they also made forward deals for a month period amid strong spot rate. The Karachi Cotton Association (KCA) kept spot rate of Rs5,400 per maund.

The sellers remained in driving seat as they ask price on their own terms on growing demand of all grades that kept market sentiments on higher side despite shrinking domestic fine stocks, floor brokers said.

Majority of the ginning units produced second grade lint to around 4,000 bales out of total output of around 9,600 bales on higher demand.

Related Keywords: Domestic apparel makers, EU-Vietnam FTA takes effect, European Union, exports would increase, growth higher than sector’s average increase, remain one of the key export markets, step up shipments to the U.S. and Japan, tariff incentives offered by the TPP, Vietnamese apparel, Vietnamese apparel enterprises

Vietnamese enterprises expected to step up shipments to the U.S. and Japan with the tariff incentives offered by the TPP. Vietnam’s apparel is currently subject to 17-30% U.S. tariffs but the rates will be gradually brought down to 0% in the TPP.

Related Keywords: duties will be abolished with implementation of TPPA, import duties of textile product, Malaysia to get benefit of FTA, Minister for International Trade and Industry, Regional Comprehensive Economic Partnership, to US will be eliminated, under the TPPA, with four countries, zero tariff

Malaysia to get benefit of free-trade access (FTA) with four countries the US, Canada, Mexico and Peru under the Trans Pacific Partnership Agreement (TPPA) with which it does not have any agreement yet, said Datuk Seri Mustapa Mohamed, Minister for International Trade and Industry.

Related Keywords: enhance partnerships with industry leaders, facilities focus on niversitys unique integration of education, investment of US three million, Philadelphia University, practice, ranked best fashion design programes in the world, research, retail-like space designed, set up Fashion and Textiles Futures Center

Philadelphia University recently ranked as one of the best fashion design programs in the world, plans to set up Fashion and Textiles Futures Center which will include a US 3 million investment in facilities that will focus on the University's unique integration of education, research, practice and enhance partnerships with industry leaders.

Related Keywords: China top buyer of cotton from India, Cotton Association of India, cotton corporation of India, cutting in imports, depressing prices, export demand subdued, from farmers, India force to make large scale cotton purchase, MSP, prevent dumping in overseas market, production set to drop

China top buyer of cotton from India cutting in imports depressing prices, India will be forced to make large-scale government cotton purchases from farmers for a second straight year. In the marketing year that ended on Sept.30, India spent 160 billion Indian rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP), against just 400,000 bales in the previous year.

In China, semi-dull FDY70D/24F prices were up US cents 2 a kg in the second week of October while FDY40D were steady.

Nylon DTY 70D/24F prices rolled over and DTY 30D/10F remained unchanged.

Monofilament 30D was up US cents 9 a kg and 1.5D staple fiber edged down US cent 1 a kg.

Nylon filament yarn prices saw rises on existing losses while non-textile yarn prices remained range bound due to high operating cost on stable prices of caprolactum and nylon chips.

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

In the second week of October, Asian markers, the SE and FE were down US$30 a ton while trading values for East European goods were stable.

Sinopec announced contract settlement for October at 11,200 Yuan a ton (US$1,765 a ton) for liquid goods while DSM Nanjing nominated October at 11,600 Yuan a ton (US$1,825 a ton) for solid goods.

October contract nominations for high-end goods were not announced.

Caprolactum prices were flat to down as demand thinned while upstream feedstock benzene markets were recovering. Downstream buyers were cautious amid mounting inventory.

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

Related Keywords: Global textile market, international sanctions, investments in textile technology, Italian trade agency, Italy’s textile machinery industry, nuclear agreement, spinning industry, Technical textile, textile machinery manufacturers

Iran has historically been a major market for Italy’s textile machinery industry. However, international sanctions have ceased the movement of textile machineries to Iran.

The recent nuclear agreement is expected to pave the way toward a competitive relaunching of the local textile industry.

In order to strengthen its presence in Iran, ACIMIT (the Association of Italian Textile Machinery Manufacturers) will participate in the Italian trade mission in late November.