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Sourcing at Magic 2015 introduces Haitian textile and apparel sector to its visitors

Related Keywords: accessories, apparel, connecting entire global supply chain of fashion industry, Haitian textile and apparel industry, home textiles and decorative accessories., North America’s largest apparel sourcing event, Sourcing at Magic, unique and creative forms of garments

Sourcing at Magic is North America’s largest and most comprehensive apparel sourcing event, connecting the entire global supply chain of the fashion industry. Sourcing at Magic 2015 introduced its visitors to the unique and creative forms of garments available from the Haitian textile and apparel industry.

Surging demand by mills and spinners lead to rise in prices of fine quality cotton

Related Keywords: cotton bales, fresh buying of cotton, official spot rate, Pakistan cotton market, rise in price of fine quality cotton, seed cotton prices, surging demand by mills and spinners

Pakistan cotton market with surging demand by mills and spinners on Wednesday witnessed prices of fine quality moving up. The official spot rate was also up by Rs 50 to Rs 4,600, dealers said. Seed cotton prices in Sindh were at Rs 2400 and Rs 2450 and in Punjab rates were at Rs 2300 and Rs 2450.

In the ready business, around 20,000 bales of cotton changed hands between Rs 4650 and Rs 4750.

According to market viewers, mills and spinners indulged in fresh buying of cotton to cover their short-term needs.

Nortex after relocating from Zimbabwe to Botswana ramps up production to 100 percent

Related Keywords: fast-growing entity, global market in cotton towel products, Indigenisation and Economic empowerment act, Nortex, Northern Textile Mills, ramped up production, relocate from Zimbabwe to Botswana, subsidiary of defunct Merlin, targeting export markets in Asia, tough business environment, trade facilitation

Northern Textile Mills (Nortex), subsidiary of the now defunct Merlin, after relocating from Zimbabwe to Botswana has ramped up production to 100 percent, which is a clear indication that the country is missing a lot in terms of investment. Also a number of companies have exited the country citing tough business environment following the introduction of the Indigenisation and Economic Empowerment Act.

Bangladesh textile sector earned $128,000mn in six fiscal years

Related Keywords: . Major garments exported include knitted and woven, apparel sector, Bangladesh government, Bangladeshi textile and garment manufacturing sector, jackets, jute exports, Md Emaz Uddin Pramanik, set a target to earn foreign currency, shirts and blouses, shorts, skirts, sweaters and sportswear, Textile and Jute Minister, trousers

Bangladesh government has set a target to earn foreign currency of $28,447.57m in the current fiscal year of 2015-16 after its textile sector earned foreign currency of $128,203.71 million in the six fiscal years since 2009-10, according to the statistics placed in the Parliament by Textile and Jute Minister Md Emaz Uddin Pramanik yesterday.

The textile sector earned foreign currency of $26,509.77m in FY2014-15, $25,508.77m in FY2013-14, $22,556.73m in FY2012-13, $21,496.57m in FY2011-12, $19,002.78m in FY2010-11 and $13,129.09m in FY2009-10.

Intertextile Shanghai Home Textiles sets new records for exhibitor, visitor and exhibition space

Related Keywords: carpet and rug zones, digital printing areas, exhibition space figures, exhibitors from thirty countries and regions, gateway to Asia home living, Intertextile Design Boutique, Intertextile Shanghai Home textiles, set new records for exhibitor, the new Whole-Home Style, trade buyers, visitor

The gateway to Asia's home living, Intertextile Shanghai Home Textiles which was recently held at the National Exhibition and Convention Center (Shanghai) across 170,520 square meters from 26 – 28 August, 2015 set new records for exhibitor, visitor and exhibition space figures.
More than 43,000 trade buyers and around 1,402 exhibitors from 30 countries and regions attended Intertextile.

Bengaluru to see investment of over Rs2000cr in garment and textile sector

Related Keywords: big investments, develop mega Silk Park in Mysuru, expansion plan, garment and textile industry, Himatsingka Linen, Indo Count, integrated silk textile sector, Jockey, Karnataka state, provide direct employment, ranging from silk rearing, Shahi Exports, to manufacture of silk garments

Karnataka, and especially Bengaluru hosts many big garment companies and also known for its garment and textile industry to see big investments in the textile sector. With a cumulative investment of over Rs2,000 cr, the projects are estimated to provide direct employment to more than 5,000 people, mostly women, said additional Chief Secretary in department of Commerce and Industries, Ratna Prabha.

Acrylic staple fibre price rolls over in Asian market

Acrylic staple fibre prices rolled over in the last week of August across markets despite upstream acrylonitrile prices tumbling further. In China, producers rolled over their offers for September, aiming to support the sentiment since downstream yarn prices were stable. However, overall liquidity was meager.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Acrylonitrile prices to remain under pressure on weak demand

Acrylonitrile prices in Asian markets plunged further in the last week of August amid poor demand and falling upstream feedstock cost. Propylene prices were down US$66 on the week. Supplies in China increased with Shanghai Secco restarting one of its ACN lines. Downstream demand remained weak as run rate at ASF producers was modest while ABS market remained insipid. Acrylamide producers also ran with reduced operating rates on poor demand.

Asian acrylonitrile marker fell US$50 a ton both CFR Far East Asia and Southeast Asia. In China, spot offers were down US$40 on the week.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Textile industry demands reform from Centre

Related Keywords: Chinese textile products l, fabric and garment, free trade agreements (FTA), hurting the Indian textile industry, Narendra Modi, Prime Minister, reduction in duty free scripts benefits, Textile exporters, top business heads of the textile industry

At a time when dumping of Chinese textile products like fabric and garment have been hurting the Indian textile industry with lack of free trade agreements (FTA) and reduction in duty free scripts benefits for textile exporters, a meeting was held on 8th Sept between the Prime Minister, Narendra Modi and top business heads of the textile industry to discussion over the issues faced by them and are expecting the central government to take quick action.

Punjab’s cotton output to be affected as whitefly damages the crops

Related Keywords: cotton crop in Haryana, cotton crop in Punjab, cotton cultivation area in Punjab, farmers in Punjab, India’s cotton output, pest attack in Punjab, Punjab agriculture department

Farmers in Punjab and Haryana are suffering losses due to the whitefly attack on the cotton crop. Punjab and Haryana together account for about 11-12% of country's total cotton output, however, there could be a drop in average yields because of the pest attack. Around 5.80 lakh hectares of area in Haryana is under cotton cultivation while in Punjab it is 4.50 lakh hectares this season.

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