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Related Keywords: conduced four tenders, cotton bales, during last season, facing difficulties, offloading cotton procured, stabilise prices in domestic market, state run grain trader, to support farmers, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) the state-run grain trader is facing difficulties in offloading cotton, procured on the federal government directives during the last season to support the farmers and stabilise its prices in the domestic market. TCP has conducted four tenders for the sale of 95,400 cotton bales (Crop Year 2014-15), of which, two tenders have been scrapped by the state-run grain trader as bids were lower than the reserve price. Some 10,800 cotton bales have been sold through remaining two tenders.

Paraxylene prices declined in Asian markets in the third week of August as availability increased amid weak demand. China's Ningbo Zhongjin Petrochemical achieved on-spec paraxylene and benzene output from its new aromatics plant in eastern Zhejiang province earlier this week. Orthoxylene prices also fell amid declines in upstream and downstream demand. Asian paraxylene markers fell US$39 a ton FOB Korea and CFR Taiwan/China both on the week.

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

Related Keywords: expand textile operations, MWE Holdings Bhd, new machinery to boost output, set up new plant in Vietnam, to upgrade Nibong Tebal plant, wholly-owned subsidiary United Sweethearts Garment Sdn Bhd

MWE Holdings Bhd, a wholly-owned subsidiary United Sweethearts Garment Sdn Bhd (USG) is planning to expand its textile operations which includes setting up a new plant in Vietnam.

Group managing director for MWE, Tang Chong Chin said that the company would focus on its textile division, the core business of MWE, to drive growth for which the company will be investing US$7million (RM29.3 million). Bulk of the investment would be for the new manufacturing facility in Vietnam.

Related Keywords: achieve integrated development, announced measures to boost growth, cultivate high yielding mulberry varieties, extend financial support, set up consultative panel, set up integrated Textile parks, special discount for silk clothing, strengthen textile sector, subsidy support, Tamil Nadu Chief Minister Jayalalithaa

Tamil Nadu Chief Minister Jayalalithaa to strengthen the textile sector in the state has taken up measures to boost the growth of the textile sector. She announced in the Assembly today that the Tamil Nadu government will extend financial support up to Rs2.50 crore to entrepreneurs who come forward to set up Integrated Textile Parks and would be setting up a consultative panel to achieve integrated development.

Related Keywords: Ade Sudrajat, demand of textile products, economy of Indonesia, Indonesia textile association, Indonesian textile industry, local textile manufacturers, small-scale textile companies, textile exports of Indonesia

The textile industry in Indonesia is currently facing pressure from both inside and outside the country. The slowing economic growth of the country led to a decline in the people’s purchasing power causing lower demand for textile products in domestic market.

Ade Sudrajat, chairman of Indonesia Textile Association (API), said that due to lack of demand, the factories cannot produce as the goods produced 2-3 months back are still in their warehouses. Most of these companies are small-scale with 360 employees on average, he added.

Related Keywords: exporters took part, improvement in phutti supply, official spot rate sustained, Pakistan cotton cotton, slip in rates, spinners and mills, trading activity improved, trying to lay hands

The Pakistan cotton market on Monday after an improvement in phutti supply, trading activity improved as exporters also took part due to slip in rates. Dealers said that the official spot rate sustained overnight level at Rs 4,550. While, cotton prices in Sindh were lower by Rs 50 to Rs 2300 and Rs 2400 and in Punjab rates at Rs 2200 and Rs 2400.

In the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 4700, dealers said.

Related Keywords: Australian trade mission, by Australian government, chalk out plan, Duty of Pakistani textile products, duty slashed on two hundred twenty six tariff lines, facilitate Pakistani textile sector entrepreneurs, reduced by fifty percent, sixty three home textile, two hundred eighteen textile sector, with Australian buyers

Commerce Minister Engineer Khurram Dastgir Khan after a meeting with the Australian High Commissioner disclosed that Pakistan's textile, clothing and footwear will be the beneficiary of the reduction in the duty by the Australian Government. As the Australia has slashed duty on Pakistani products mainly textile products by 50 percent - from 10 percent to five percent - in response to concerted efforts of incumbent government especially the Commerce Ministry.

Related Keywords: backward integration strategy, Barbara Berry, Bellora and, brands globally in the home textiles space, design focused, Espirit, foray into spinning, Himatsingka Seide, increase sheeting capacity, invest to expand facility at Hassan, marquee brands such as Calvin Klein Home, terry towel manufacturing, vertically integrated home textile major

Himatsingka Seide, is a design focused, vertically integrated home textile major with its backward integration strategy to foray into spinning and terry towels manufacturing for which the company, will invest Rs 1281 crores to expand the group's manufacturing facility at Hassan, Karnataka increasing in its current sheeting capacity from 23 million meters per annum (MMPA) to 46 MMPA. The investments will be done in phases over the next three years.

Related Keywords: benefit most from TPP, businesses striving hard to avail opportunities, enjoy zero percent tax, export to US, finding access to market, improving design, investing in modern production lines, Made in Vietnam products, product quality, upgrading facilities, Vietnam garment and textile sector

Vietnam garments and textile sector is viewed as one of the industries which will benefit the most from the Trans-Pacific Partnership (TPP), many businesses are striving hard to stay ahead to avail opportunities ushered in by TTP and have started proactively putting in place measures to be able to avail these opportunities such as investing in modern production lines, upgrading facilities, improving design and product quality and finding access to the market.

Related Keywords: eighty percent organic cotton, gathered globally, H&M, H&M Conscious Foundation, launched first denim collection, minimize textile waste, new collections composed of twenty percent, recycled cotton, Swedish high street retailer, using recycled clothing

H&M, Swedish high street retailer has launched its first denim collection made using the recycled clothing gathered globally after the it started an initiative that rewarded eight dollar vouchers to customers who brough to H&M stores a bag full of unwanted clothing of any brand. H&M's new collections are composed of twenty percent recycled cotton from the collected textiles and eighty percent organic cotton.