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Related Keywords: benefits of the new trade arrangement, beneifs of depreciated Indian rupee, China largest apparel exporter, cotton and manmade fiber, expectation of increase in global apparel trade, ICRA reports, Indian apparel exports, likely to increase, spinning and weaving, textile value chain, WTOs agreement on textile and clothing

India's apparel exports supported by the expectations of increase in the global apparel trade and partly due to benefits of depreciated Indian rupee in 2015 are likely to increase to $18 billion and to $20 billion in 2016 as against $16.5 billion in 2014, according to a report from investment information and credit rating agency ICRA.

However depreciated rupee is unlikely to remain as a sustainable advantage in long-term as India's market share in world's trade has not significantly changed despite depreciation of Indian rupee during last three years, it said in a statement.

Related Keywords: Czech Republic based company, high-speed applications energy consumption, innvoative solution for spinning mills, introduce to ITMA trade fair, new LENA, Noise Absorbing System Assembly, Novibra, spindle technology, Spindles in modern ring spinning machines, with hundred percent in house, world of spinning

Novibra, Czech Republic based leading company in spindle technology and the only 100% in-house spindle maker constantly bringing innovation to the world of spinning taking the advantage of their own R&D department will introduce innovative solutions for spinning mills at the ITMA 2015 trade fair set to take place in Milan next month.

Spindles in modern ring spinning machines reach speeds of up to 25,000 rpm. In these high-speed applications energy consumption is an important issue, the company reports.

Related Keywords: Dutch company leader on hemp processing segment, hemp bales processed into fibers, hemp can replace synthetic fibers like nylon, hemp growing and processing in Romania, HempFlax, invest EUR five million, opened factory in Alba County

HempFlax, a Dutch company leader on the hemp processing segment, has invested EUR 5 million in hemp growing and processing in Romania, where its first factory opened in Alba County, in central Romania this October. The investment made by HempFlax is a private investment and supports the hemp cultivation and processing market. The Dutch company buys hemp bales from local farmers, which it processes into fibers.

Related Keywords: cross ratio, customers can change traverse length, displayed at ITMA, False Twist and Air Texturing, fastflex electronic yarn guide system, inventro of electronic yarn traverse system, lastest technologies, launch six new products, new XENO platform, spool size, Swiss based SSM Schärer Schweiter Mettler AG, Winding and Doubling segements

The Swiss based SSM Schärer Schweiter Mettler AG, the inventor of the electronic yarn traverse system, will introduce the new XENO platform to demonstrate its lead in the market. The manufacturer will launch six new products in the Winding & Doubling segments and two in False-Twist & Air-Texturing, the company’s latest technologies will be shown for the first time at the forthcoming ITMA international exhibition for textile machinery to be held in Milan, Italy, from 12 to 19 November.

In China, 40s compact siro-spun yarn in Jiangsu were up US cents 3 a kg in the second week of October while 30s spun viscose in Xiaoshan were up US cents 2 a kg on the week.

Viscose spun yarn prices gained in China after the holiday, with some varieties offered at higher prices.

Margins for core spun yarn orders in were favorable and prices were stable to firm, with siro spun 30s largely in demand.

Upstream VSF prices and trade volumes climbed after National Day holiday and producers raised offers.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

In India, 30s (65/35) PV yarn prices moderated again by INR1 and by INR3 since mid September, however, in US terms, prices were up US cents 2 a kg due to stronger INR in Indore market in the second week of October. In Ludhiana, PC 30s (52/48) prices were up US cent 1 a kg on the week.

Blended yarn prices have further fallen in India during the week, due to lack of demand and decline in cotton and polyester prices early in the month.

Polyester-cotton yarn prices lost INR2 in the week whereas spun polyester prices were staying unchanged.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Related Keywords: at Rajjangoad in Maharashta, cancels deal signed with Oasis Procon, enhance working capital, sale of textile processing units, textile firm Bombay Dyeing and Manufacturing company, to repay existing loans, Wadia group

Wadia group’s textile firm Bombay Dyeing & Manufacturing Company Ltd (BDMC) cancels its deal signed with Oasis Procon Pvt Ltd for the sale of a textile processing unit at Ranjangaon in Maharashtra for Rs 230 crore in May this year.

As per the term sheet, Delhi-based textiles manufacturer Oasis was required to complete the proposed transaction by July 31. However, it failed to do so.

According to the terms of the deal, the company had decided not to export bed linen or bed linen fabric to the US for five years from the closing date.

Related Keywords: ACIMIT, ACIMIT planned roadshow, International sanctions blocked flow of textile machinery exports to Iran, Iran fourth largest market for Italian exports, local textile industry, participate in Italian trade mission, pave way towards competitive relaunching, promote textile technology, recent nuclear agreement, strenghten presence in Iran

The Association of Italian Textile Machinery Manufacturers (ACIMIT) will participate in the Italian trade mission in late November to strengthen its presence in Iran as the International sanctions have blocked the flow of textile machinery exports to Iran, and it is hoped that the recent nuclear agreement may pave the way toward a competitive relaunching of the local textile industry.

Related Keywords: bilateral cultural and trade relations, exhibition Vastram, India welcomes Omani firms, Indian-Omani joint ventures, Oman-India Investment Meet, textile important part of India’s exports to the Sultanate, to invest in Indian textile sector

The India’s ambassador to the Sultanate, Indra Mani Pandey in a speech at the inauguration of the exhibition ‘Vastram -Splendid World of Indian Textiles’ said that textiles are an important part of India’s exports to the Sultanate, hence India absolutely welcomes Omani investments in India’s textile sector, which is the second largest employer in that country, offering direct employment to around 35 million people and indirect employment to millions more.

Related Keywords: APTMA, Export Re-Finance Facility rate, ginning and spinning sectors, grey and processed fabric, import of cotton yarn, impose ten percent regulatory duty, Pakistan government, promotion of tax culture, qualify for Long Term Finance Facility, reduced by one percent

After a meeting between Finance Minister Ishaq Dar and a delegation of the All Pakistan Textile Mills Association (APTMA) led by its Chairman Tariq Javed on Saturday, announced the decision of imposition 10 percent regulatory duty on import of cotton yarn and grey and processed fabric from November 1.