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Related Keywords: bonded warehouse, division of Huntsman Corporation, Huntsman Textile Effects, import dependent, increase footprints in Vietnam, knitwear mills growth, leading manufacturer of dyes and textile chemicals, PIP, sourcing raw material, tougher environmental regulations, TPP, Vietnam textile industry, working with Panko Vina

Huntsman Textile Effects, a division of Huntsman Corporation and a leading manufacturer of dyes and textile chemicals, is increasing its footprints in Vietnam. Its latest venture is a bonded warehouse near Ho Chi Minh City which will open later this month.

The new facility is part of Huntsman’s efforts to address critical business challenges and collaborating with mills and brands in order to drive sustainable growth and create value in Vietnam’s textile industry.

Related Keywords: declining economic growth, EU duty free entry, eyeing to set up factories in PEZA, facing difficult to continue business, GSP Plus status, Japanese Chamber of Commerce and Industry of the Philippines, Japanese companies, labor strikes, set up bases in China, to relocate in Philippines, wage increase

Many Japanese companies that have set up their bases in China are facing difficult to continue doing business due to declining economic growth, labor strikes and wage increase. They want to relocate their bases in the Philippines.

This coincided with Philippine, President Benigno Aquino III’s state visit to Japan, which concluded Friday, June 5. The Philippine president, during his 4-day visit, repeatedly invited Japanese investors to put their money in the country, citing improved business climate.

Related Keywords: an Italian seamless garment manufacturer, brand under Vivere, Cifar, distribution of Made in Italy, Double skin beauty and sports apparel, leggings and long and short sleeve tops, owns chain of stores, signed partnership contract, South Korean eco products retailer, warp knitting seamless plant, with Milen, yarns made from Emana and Lycra

Cifar, an Italian seamless garment manufacturer has signed partnership contract with a South Korean eco products retailer, Milen for the distribution of it’s Made in Italy Double skin beauty and sports apparel brand under the name Vivere to enter into South Korean market. Milen owns a chain of more than 500 stores across South Korea.

Cifra owner and CEO Cesare Citterio said that Cifra is very happy to conclude the contract with South Korea’s leading eco-retailer and they are looking forward to official launch its brand Vivere on 15 September 2015 with Milen.

Related Keywords: customized embroidered and screenprinted clothing, Dubow textile Inc, expansion plan, growing demand, largest custom garment decorators, Lincoln Avenue facility, makes custom uniforms, polo shirts, sweatshirts and hats, third time in five years, Upper Midwest

Dubow Textile Inc., one of the largest custom garment decorators in the Upper Midwest has part of its expansion plan; the 21,000 square foot addition will be built at Dubow’s current Lincoln Avenue facility, which now houses 75 employees.

This expansion is for the third time in five years, this time building a $1.5 million addition onto its St. Cloud factory and hiring another 20 workers over three years in an effort to meet growing demand for its customized embroidered and screenprinted clothing.

Related Keywords: Anil Rajvanshi, Chairman of SRTEPC, cheaper imported yarn, Chinese producers, dump polyeter fibres in India, filament yarn, high excise duty, Indian MMF industry, losing market share, rising ingress of foreign yarn, Santosh Gangwar, spun yarn, tough phase, Union Textiles Minister

Anil Rajvanshi, Chairman of Synthetic and Rayon Textiles Export Promotion Council had a meet with the Union Textiles Minister Santosh Kumar Gangwar over the rising ingress of foreign yarn. In a letter later submitted to the Ministry, Rajvanshi said that the Indian “manmade fibre industry is passing through a tough phase as the substantially high excise duty provides edge to Chinese producers to dump polyester fibres in India.”

According to him the domestically produced synthetic yarn is losing market share to cheaper imported yarn from China, Vietnam and Bangladesh.

Related Keywords: Belgium based multi-national group of companies, expand Ypress production capacity, meet worldwide demand, Picanol Group, Picanol looms, production and sales of weaving machines, rapier technology, specializes in development, technology for textile industry, weaving machines based on air (airjet

Belgium based multi-national group of companies Picanol Group, specializes in development, production and sales of weaving machines and technology for the textile industry is planning to expand its Ypres production capacity in order to meet worldwide demand for Picanol looms.

The Picanol Group expects demand for its looms to continue over the next few months. Backed by the increasing demand for quality and technology and the favorable exchange rate of the euro, the order book is well-filled for the second half of 2015.

Related Keywords: Bangladesh budget, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Garments Accessories and Packing Manufacturers and Exporters Association, Bangladesh Knitwear Manufacturers and Exporters Association, Bangladesh Textile Mills Association, BGAPMEA, BGMEA, BKMEA, BTMA, garment exporters in bangladesh, tax on apparel, tax on garment

The Bangladesh Finance Minister AMA Muhith presented the national budget before parliament on 4 June for the fiscal year 2015-16. Its size - in terms of aggregate government expenditure - reflects about a 23 per cent rise over that of the revised budget estimates for 2014-15. It is also 56.8% higher than the actual figure for 2013-14.

The budget has allocated Taka 970 billion for funding the Annual Development Programme (ADP), marking an increase of Taka 22 billion over the revised ADP of Taka 750 billion for the outgoing fiscal.

Related Keywords: acquire former Valdese Textiles building, company to deposit money in trust account, for expansion of its business, keep local industry in town, Meridian Specialty Yarn group, plans to purchase the building, Valdese Town Council, voted to enter into agreement

The Valdese Town Council after a closed session voted to enter into an agreement to acquire the former Valdese Textiles building which is located at 1901 Main St., East across from College Plaza to try to keep a local industry in town. Meridian Specialty Yarn Group plans to then purchase the building from the town for a possible expansion of its business.

Related Keywords: crossbred wool, International Wool Textile Organization, low wool prices, national clip to decline, New Zealand wool, reduction in national sheep flock, smallest annual wool clip in six years, upcoming season, wool production, world largest exporter

New Zealand, the world's largest exporter of crossbred wool, is heading for its smallest annual wool clip in six years. The national clip is likely to see further decline in the upcoming season starting in July, falling to around 810,000 bales, according to Christchurch-based New Zealand Wool Services International, a unit of Australia's Lempriere and the nation's largest wool scourer and exporter.

It is reflecting the lowest sheep flock in more than 70 years, dry conditions and an increased focus on meat producing breeds of sheep.

Related Keywords: cotton production not sufficient, cotton yarn, high logistic cost, increase production cost, J Jayalalithaa, man made yarn, meet needs of mills, on cotton, reduce VAT to two percent, SISPA, source from other states, South India Spinners Association, urged TN chief minister

The South India Spinners Association (SISPA)stating that the cotton production in the state is not sufficient to meet the needs of mills are force to source it from other states have urged the Tamil Nadu Chief Minister J Jayalalithaa to reduce VAT on cotton, cotton yarn and man-made yarn from the present five percent to two percent.