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Aquafil partners with Speedo to launch take-back program scheme

Related Keywords: Aquafi, Econyl Regeneration System, Italian nylon yarn producer, partnered with Speedo USA, regenerate Econyl nylon, sustainable manufacturing process, swimwear brand, swimwear scrap up cycled, take back program

Aquafil an Italian nylon yarn producer has partnered with Speedo USA a leading swimwear brand in a take-back program that will see post-manufacturing Speedo swimwear scraps up-cycled into Aquafil's 100 percent regenerated Econyl nylon.

Giulio Bonazzi, chairman and CEO of Aquafil said that they are challenging apparel manufacturers to be more sustainable and restructure their supply chain to divert waste from landfill.

EU trade agreement to eliminate tariff lines for Vietnam

Related Keywords: all EU exports of machinery, biggest trade partner, eliminate duties on garment, eliminate tariff lines, EU textile fabric exports, EVFTA, Free Trade Agreement between EU and Vietnam, investment in Vietnam, largest export markets, Textile, zero duty tariff rate quotas

After almost three years and 14 official rounds of talks and many mid-term negotiations between ministers, heads of delegations and technical groups, Vietnam and the EU have reached an agreement on all basic points of the Free Trade Agreement between EU and Vietnam (EVFTA), the Ministry of Industry and Trade announced on Saturday.

The EU will eliminate 99.2 percent of tariff lines for Vietnam, equivalent to 99.7 percent of Vietnamese export turnover with the remainder of export turnover enjoying zero-duty tariff rate quotas.

Crude oil prices fall for fifth week, becomes the highest monthly drop since 2008

In the last week of July, crude oil markets continued to wriggle as US crude posted its highest monthly drop since the 2008 financial crisis, this time after a string of losses in July triggered by stock market slump in China and signs that top Middle East producers were pumping crude at record levels.

Related Keywords: Brent price, crude oil markets, crude oil prices, stock market in China, US crude price

Textile mills to meet and discuss on mitigating crisis faced by industry

Related Keywords: accumulation of yarn stock and liquidity problems, higher tariff rates, meeting, power loom clusters, Southern India Mills' Association, spinning sector, synthetic yarn market, Technology Upgradation Fund Scheme

Southern India Mills' Association (SIMA), apex body of spinners in this region, has convened a meeting of its member mills here on August eight to discuss various problems faced by spinning sector and decide on future course of action to mitigate the crisis.

Considering the situation, the association has convened the meeting of the Managing Directors of the member mills to discuss the issues and arrive at a solution to tide over the crises, Sima Chairman T Rajkumar said.

AP govt plans to announce Rs 125 cr loan waiver scheme to benefit weavers

Related Keywords: announce loan waiver scheme, AP government, benefit weavers from the state, Minister for Textiles and Handloom, National Handloom Day, promote traditional handloom sector, provide interest free loans to weavers, re-introduction of the Janata cloth scheme, Sampangi Pattu Cheera, saris woven, special silk yarn special silk yarn

The National Handloom Day was celebrated in Vijayawada in a colourful manner with weavers exhibiting their best work, attracting scores of people to have a second look at them and appreciate the workmanship. On this occasion, Minister for Textiles and Handlooms Kollu Ravindra said that the government of Andhra Pradesh plans to announce a Rs 125-crore loan waiver scheme which would benefit about 2.80 lakh weavers from the state.

Apart from this the state it is also considering a plan to provide interest free loans to weavers to promote the traditional handloom sector.

Heimtextil 2016 to expand the window and upholstery segments

Related Keywords: decorative and furniture fabrics, digital-print segment, expanding window and upholstery segment, global trade fair, Heimtextil, home and contract textiles trade show, increase in demand, Messe Frankfurt

Heimtextil, today has an excellent standing as the leading global trade fair for home and contract textiles trade show is expanding the window and upholstery segments due to increased demand for decorative and furniture fabrics this time which will take place from Jan. 12-15, Messe Frankfurt announced.

Cotton business remains dull in Pakistan with further drop in prices

Related Keywords: cotton business, drop in prices, dull in Pakistan, Ginners, lint price, new crop cotton stock, Pakistan textile industry, raw cotton, value of seed cotton

Cotton business remains dull in Pakistan with further drop in prices and not much stocks of new crop cotton (2015-16) remain unsold with ginners. This week cotton market witnessed a decrease in the value of seed cotton prices by about Rs 100 per 40 kgs, while lint prices dropped by Rs 100 to Rs 150 per maund (37.32 kgs).

Syria Mod expo for textile and clothing industries to end today in Beirut

Related Keywords: and hosiery, at BIEL, children, EDPA, embroideries, for textile industries and clothing, SEF, showcasing clothing for men, sportswear, Syria Mod exhibition, Syrian companies, women

The Syria Mod exhibition for textile industries and clothing opened on August 7th at the Beirut International Exhibition and Leisure Center (BIEL), showcasing clothing for men, women, children, sportswear, embroideries, and hosiery, among other products and services.

Turkish ready-to-wear textile delegation to attend MAGIC trade Fair

Related Keywords: attend MAGIC trade fair, Chamber of Commerce of Kahramanmaras, delegation of textile and ready-to-wear clothing, explore untapped market, showcases latest in apparel and manufacturing, textile sector, worlds largest fashion marketplace

Chamber of Commerce of Kahramanmaras, Turkey, to lead a 16-member delegation of textile and ready-to-wear clothing executives to attend the MAGIC trade fair a three day event to be held in Las Vegas this month. MAGIC is the world's largest fashion marketplace, comprised of eleven unique communities showcasing the latest in apparel, footwear, accessories, and manufacturing.

This visit will provide a unique opportunity for the members of Kahramanmaras to showcase their products in what is, for many, an untapped market.

GHCL to invest Rs 100 crore to expand its textile capacity

Related Keywords: cotton and blended yarn, expand textile business capacity, GHCL Ltd, integrated textile division, investment of hundred crores, leading manufacturer of home textile, over next two year, spinning facility

GHCL Ltd, one of the leading manufacturer of home textile, plans to expand its textile business capacity over the next 2-3 years with an investment Rs 100 crores. Of the total Rs 2400 crores top line recorded by the company last year, 40 percent was accounted for by textile business.

R S Jalan, managing director, GHCL Ltd, during a conference call on August 3, 2015 said that they have expansion plans in textile division and soda ash in the next three years.

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