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Related Keywords: Ahmedabad based textile major, Arrow and US Polo, Arvind Ltd, discount format image, focus on women and kids wear, Geoffrey Beene and Cherokee, new value department chain branded 'Unlimited', rebranded existing chain Megamart, sell premium brands

The Ahmedabad based textiles major Arvind Ltd has rebranded its existing chain Megamart as a new value department chain branded 'Unlimited' and plans to have 125 stores under the new format in five years. The existing chain Megamart has been struggling to shed its 'discount format' image.

J Suresh, managing director and CEO of Arvind Lifestyle said that they realised that even though they have sort of changed their proposition, still people associate the name (Megamart) with discounts.

In US, spot MEG price was stable in the last week of August as Asia rose while demand was slow to steady amid dropping September contract price.

Asian MEG prices rose US$11 a ton CFR China in the last week of August while Southeast Asian price fell US$4 a ton. As oil price, MEG sentiment was pushed up again.

In Europe, initial September contract slumped as upstream and downstream declined. European contract price was down Euro135 a ton FD NWE on August settlement.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Related Keywords: Arvind, as land on decades-long lease, attractive incentives to draw foreign investors, both large and mid-sized apparel makers, cheap power, duty-free exports to key markets US and Europe, in Ethiopia, Indian enterprises, Kanoria Textiles, promising sourcing destination, Raymond, set up manufacturing facility

Indian enterprises, both large and mid-sized are putting in millions of dollars for setting up manufacturing facilities in Africa’s oldest independent country, Ethiopia which is a promising sourcing destination for global manufacturers despite Modi government aggressively pushes its 'Make in India' programme.

Host of home-grown apparel makers are enticed to Ethiopia, as the Ethiopian government is offering attractive incentives to draw foreign investors, such as land on decades-long lease, cheap power and duty-free exports to key markets like the US and Europe.

Related Keywords: Australian wool, Australian wool innovation, fastest growing exporters of textile products, identifying Vietnam, knitting sector, merino wool garment, produce wool yarns from Australian wool, selling greasy wool, set up new wool supply chain, Vietnam wool manufacturing industry

AUSTRALIAN Wool Innovation identifying Vietnam as one of the fastest growing exporters of textile products, to set up a new wool supply chain and get a step closer to its ultimate goal of selling greasy wool to Vietnam's fledgling wool manufacturing industry.

Asian paraxylene markers rolled over in the last week of August. Paraxylene prices were flat in Asia after rebounding week end helped by rising October crude oil futures. Downstream PTA futures for September too jumped on the week. ExxonMobil nominated its September Paraxylene Asia Contract Price during the week and it was down US$70 a ton CFR from its last nomination for August. Other nominations have so far been made around the same range.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Related Keywords: Bangladesh denim industry, cut production cost, Denim Expo, join eco friendly initiative, natural resources, produce sustainable denim, reduce environmental hazards, ways and methods to conserve energy

Bangladesh denim industry joins the eco friendly initiative, and have started to produce sustainable denim, applying ways and methods to conserve energy and natural resources. Not only that it helps reduce environmental hazards in every stage of production as it has become a major concern among the world consumers and also cuts production cost.

Related Keywords: china’s economy, import duties, leading industrialists in India, Mukesh Ambani, Narendra Modi, rupee depreciation, steel exports, steel industry, steel prices, textile domestic market, textile exports, textile imports, Textile Industry, yuan depreciation

With currencies weakening and global economic turmoil, Prime Minister Narendra Modi held a meeting on Tuesday with industrialists, bankers and economists to analyse the current situation and identify solutions.

Related Keywords: Assar Qureshi, counsellor of Danish embassy, Denmark market, knowledge and market opportunities, out to explore business opportunities, Pakistani textile delegation, seek partnership with Denmark entrepreneurs, tapping in on existing and potential resources, technology

The counsellor of Danish embassy, Assar Qureshi alongwith seven member team of Pakistani textile delegation is out to explore business opportunities in Denmark market and seek partnerships with entrepreneurs there. Participating in the trip are representatives from the following seven Pakistani companies: Gul Ahmed, Sapphire Textile Mills, Master Textile, Soortey Enterprises Pvt Ltd, Towellers Limited, Image Garments Pvt. Ltd. and VI Sigma.

Related Keywords: Apparel Sourcing Paris trade fair, high demand from winter purchaser, more than hundred new comers, new record in registration

The 9th Apparel Sourcing Paris trade fair to take place at Paris have made a new record in registration, passing the 400 exhibitor level, which represents a 40 percent rise in attendance compared to the 289 exhibitors in September 2014. The show promises to be out of the ordinary, said Michael Scherpe, CEO of Messe Frankfurt France.

The first edition of Arab Flooring Expo incorporating Arab Carpet Expo, Yarn and Fiber Expo and the International Green Carpet and Flooring Conference in 2015 will open from 1 October 2015. The four day event is aimed at providing a set of world-class international events in the symbolic city of Abu Dhabi at the award-winning ADNEC venue.