Ethylene prices in Asia were assessed up in the week ended 12 April but were flat at week end as sluggish trading continued on Friday. The diverge trend continued between NE and SE Asian markets. Supply expected to rise amid weak demand. Meanwhile Taiwan’s Formosa shut its No. 1 naphtha-fed steam cracker in Mailiao on June 9 for a 40-day annual maintenance. However, this may have marginal impact on overall supply in the region. Asian markers, CFR NE was up US$5 a ton on the week while SEA CFR gained US$10 a ton.
MSP for cotton raised by INR50 per quintal for 2015-16 season
Related Keywords: cotton price in india, minimum support price for cotton, MSP for cotton, msp for long staple cotton, msp for medium staple cotton
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, approved the Minimum Support Prices (MSPs) for Kharif Crops of 2015-16 season. The decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the Price Policy for Kharif Crops for the Marketing Season 2015-16.
Himatsingka gets clearance from Karnataka govt of its Rs1,325 investment proposal
Related Keywords: Austin, Bengaluru based home textile major, cleared five investment proposal, Himatsingka Siede, home textile manufacturer, in diverse sectors, investment proposal cleared, job creation potential, Karnataka government, particiapate at international conference and business fair, team of women entrepreneurs, US
The Karnataka government on Wednesday cleared five investment proposals worth Rs.2,050 crore in diverse sectors with job creation potential for 3,532 people. The State Government will also be sending a team of 20 women entrepreneurs from Karnataka to participate in the three-day international conference and business fair at Austin, US from June 23. Additional chief secretary K Ratna Prabha will be leading the delegation.
One of the proposals cleared is Himatsingka Siede, a Bengaluru based home textile major proposal to invest 1,325 crore in Hassan to manufacture bed linen.
KBLI tie up with Vietnam for creation and rearing of transgenic silkworms
Related Keywords: commercialisation of its technology, creation and rearing of transgenic silkworms, development of spider silks based fibres, KBLI, Kraig Biocraft Laboratories Inc, reinvigorating silk industry, signed MoU, specialised silk infrastructure, technical textile markets, US biotech firm, with Provincial government in Vietnam
Kraig Biocraft Laboratories Inc., (KBLI) a US biotech firm and leading developer focused on the development and commercialization of spider silks based fibres announced that the company has signed a memorandum of understanding (MOU) with a provincial government in Vietnam. The MOU outlines a framework for the creation and rearing of transgenic silkworms in Vietnam. Pursuant to the MOU, Kraig Labs and the Vietnamese provincial government will jointly develop a cooperative plan for the development and production of Kraig Labs trangenics in Vietnam.
Oeko-Tex offers customised solutions for German Textiles Partnership members
Related Keywords: from textile industry, joined by lead bodies, Made in Green, Oeko Tex, offer range of solution, Partnership for Sustainable Textiles, product plant certification permits. product certification, set up by German government, some blue chip branded and retail companied
The Partnership for Sustainable Textiles set up by the German government last year has been joined by lead bodies and some 30 blue-chip branded and retail companies from the textile industry as its new members this month. The aim of this partnership is to work with politicians and the relevant NGOs to improve social and environmental standards along the textile production and supply chain with the help of an action plan.
IKEA launches Texas-themed textile line handcrafted products
Related Keywords: Austin Multicultural Refugee coalition, collaboration between IKEA, Hallning collection, handcrafted, hits shelves of Ikea, Houston store, IKEA, launches, subsidiary Open Arms, Texas themed textile line products
The HÅLLNING collection of Texas-themed textile line products handcrafted was created in a collaboration between IKEA, Austin's Multicultural Refugee Coalition and its subsidiary, Open Arms is about to hit the shelves of IKEA’s Houston store.
The new collection will be available only at IKEA's Houston and Round Rock locations which consists of handmade cushion covers and wall decorations, available in two sizes and ranging from $14-18 for cushion covers to $29.99 for wall hangings. The pieces are crafted from reclaimed fabric from IKEA's "As-Is" area.
Chinese entity met Gujarat CM to discuss on setting up textile park in Gujarat
Related Keywords: Anandiben Patel, CASMEI, Chinese business association, Chinese model of industrial parks, created within the park, Delegation of China Association of SMEI, discuss various aspects, in the industrial park, met Gujarat CM, selling points for goods produced, set up textile industrial park, signed MoU
A delegation of China Association of Small and Medium Enterprizes Industry (CASMEI) met Gujarat Chief Minister Anandiben Patel at Gandhinagar to discuss various aspects related to the setting up of park in Gujarat as Chinese business association has decided to set up a textile industrial park in the state in near future, the Gujarat government said on Tuesday.
Source Africa 2015 held at Cape Town was focused on AGOA
Related Keywords: a US Government trade preference program, between African countries, boost intra regional trade, capitalize on tariff advantages, focus on AGOA, garmens and footwear, held at Cape Town, promote African made textile, South Africa trade exhibition
Source Africa 2015 a two-day trade exhibition was held at the Cape Town International Convention Centre from 9-11 June 2015 to promote African made textiles, garments and footwear to international and African buyers as well as boost intra-regional trade between African countries with focus on the African Growth and Opportunity Act (AGOA).
Texprocil urge to include exports of value added products to African countries in new FT Policy
Related Keywords: affect shipments of value added products, benefits on exports, conclude FTA, cotton dyed, Cotton Textile Export Promotion Council, free on board, gain market acces, granted duty credit scrips, Made ups, new foreign trade policy, printed fabrics, put exporters into a huge dilemma, remove trade barriers, Texprocil, to African countires removed
In the new Foreign Trade Policy 2015-20 all benefits on exports to African countries has been removed. According to the Cotton Textiles Export Promotion Council (TEXPROCIL) a textile industry body, removal of benefits on exports to African countries will affect shipments of value added products like cotton dyed and printed fabrics and made-ups to African countries.
Mauritius keen to increase textile and apparel exports in high-end niche markets abroad
Related Keywords: and suits, children wear, denim, high end niche overseas market, increase textile and apparel exports, knits, Knitwear, Mauritian manufacturers, Mauritius succesful display, national trade promotion agency. Enterprise Mauritius, quality and h, reliable sourcing destination, shirts, South Africa trade fair, textile and clothing trade event
Mauritius after a successful display at the recently-concluded Source Africa trade fair, pan-African most important textile, clothing and footwear trade event on the global calendar is keen to increase textile and apparel exports in the overseas market this year.
