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Aditya Birla fabric unit set Rs 1,000 cr revenue target from its linen business in 2 yrs

Related Keywords: Aditya Birla Nuvo, brand outlets, Jaya Shree Textile, linen, Linen club studio, linen fabric maker, readymade shirts, yarn and fabric busines

Aditya Birla Nuvo unit, Jaya Shree Textile a leading linen fabric maker has set a target to achieve Rs 1,000 crore revenue from its linen, yarn and fabric business in next two years. It also plans to expand the number of exclusive stores to 200 in next three years.

Aditya Birla Group Business Head - Domestic Textiles, Overseas Spinning & Acrylic Fibre Thomas Varghese said that they are aiming to have a revenue of Rs 1,000 crore in next two financial year. The company is also planning to now add stores across the region with a more balanced growth.

Wooltex UK textile firm to expand its premises to meet rising demand

Related Keywords: fabric finishing, increase manufacturing capacity, meet rising demand, textile company, warping, weaving, wool based products, Wooltex UK

Longwood based textile company Wooltex UK to extend its premises to meet rising demand. The move, which is awaiting planning approval, will add 40,000sq ft to its existing 65,000sq ft of space that will create more space for additional machinery and increase manufacturing capacity in the areas of warping, weaving, fabric finishing and sample making.

Slow trading activity seen owing to tight supply of quality lint

Related Keywords: boosted rates, Cotton market, Karachi cotton exchange, mills and spinners, PCGA, spot rate, Thin business activity, tight supply of quality lint, world commodity market

Thin business activity was seen as mills and spinners were disappointed owing to tight supply of best quality lint which boosted the rates as the result they were unable to make deals on the cotton market on Monday, dealers said.

The official spot rate was unchanged at Rs 5000, dealers said. In the ready session, over 4,000 bales of cotton changed hands between Rs 4625 and Rs 5275, they said. The prices of seed cotton in Sindh were at Rs 1900 and Rs 2350 and in Punjab rates were at Rs 2000 and Rs 2650, they said.

Textile printing industry likely to double every two years

Related Keywords: Australian business, Fabric company Materialised, printing operations back to Australia from Asia, Roland DG wide format printers, Textile printing industry

With textile printing industry expected to double every two years. Fabric company Materialised a family owned Australian business based South of Sydney is bringing its printing operations back to Australia from Asia, using three Roland DG wide format printers.

Owner Gary Price said that the company has had digital printers for more than five years, but only used them to print samples to show customers, and then outsourced to rotogravure printers in Asia until a year ago.

Agoa need to be extended as it is of mutual benefit to SA and US

Related Keywords: AGOA, bilateral trade, clothing and textiel sector, duty free access, improve exp0rt performance, passed by US Congress, sub-Saharan African counties and US

Agoa was passed by the US Congress in May 2000 to facilitate trade between sub-Saharan African countries and the US. It was intended to assist African countries to improve their export performance, enhance economic development and reduce poverty. It provides duty-free access to the US market for 6 400 products from about 40 countries.

During the week of March 2 to 6, South African delegation were in the US to make the case for the African Growth and Opportunity Act (Agoa) to be extended by a further 15 years.

Egypt working to boost cotton cultivation across different provinces

Related Keywords: chaos of harvesting, conduct laboratory test, core agricultural, cotton varieties, Egyptian authorities, Egyptian cotton and textile, seed quality, set deadline for planting cotton, transport to factories, working to boost cotton cultivation

Egyptian authorities to bring its core agricultural sector back to life are working to boost local cotton cultivation. The Ministry of Agriculture has set an April 30th deadline for planting cotton and is conducting laboratory tests to determine seed quality. In addition, the ministry will identify certain cotton varieties for cultivation across various governorates.

Surat increases export by 200pc of MMF fabrics to Pakistan

Related Keywords: burqas, export dress materials, export of MMF fabric to Pakistan, fabrics, huge demand in Pakistan, largest MMF hub, saris, sherwanis, SRTEPC, Surat biggest manufacturer of MMF, surti fabrics, Surti traders

Surat, the country's biggest manufacturer of man-made fabric has increase its export of (MMF) fabrics to Pakistan by 200 percent since 2011-12, a welcome development considering the hassled relations between the two countries.

According to Synthetic and Rayon Textile Export Promotion Council (SRTEPC), total export from India to Pakistan from April 2014 to January 2015 witnessed 20 percent increase at Rs 2,400 crore compared to the same period in previous year . The fabric export to Pakistan is predicted to touch Rs 3,000 crore by the end of this financial year.

Material production big challenge for Vietnamese business to access benefits from TPP

Related Keywords: access benefits of TPP, garment and textile material zone, material production, stricter environmental regulation, TPP agreement, Vietnam garment and textile industry, weaving-dyeing-garment production chain

The material source for Vietnam garment and textile industry is mainly imported. According to Vietnam Textile and Apparel Association (Vitas) around 60-70 percent of material is imported and 80 percent of businesses in this industry are doing outwork, resulting in low added value.

TPP will benefit those using materials made in their countries or in TPP member nations. Local businesses are short of capital to invest in this field, making them unlikely to enjoy tax incentives from Trans-Pacific Partnership (TPP) agreement which is expected to be signed this year.

Banana stem and pineapple leaves put to use for making textile

Related Keywords: banana fabric production, Eco textile company, leaf fibre, material perfect for jackets, Offset Warehouse, petroleum based textile, Pinatex, Pineapple leaves, recognizes bananas potential, shirts, trousers

Eco-textile company Offset Warehouse recognizes the banana’s potential and currently partners with an NGO in Nepal to ensure banana fabric production supports the artisan sector by relying on local skills, and that workers are paid fairly and operate in safe conditions.

Offset Warehouse’s founder Charlie Ross said that the material is perfect for jackets, skirts and trousers. The fabric is claimed to be nearly carbon neutral and its soft texture has been likened to hemp and bamboo.

Increase in import of branded shirts in pieces into Kerala to evade tax

Related Keywords: duty on imported readymade wear, no tax on cloth, protect local tailoring industry, readymade shirts, shippped into Kerala in parts, textile and knitwear hub, VACB

Recently, the Vigilance and Anti-Corruption Bureau (VACB) probed why readymade shirts were shipped into Kerala in parts. There is a 10 percent duty on imported readymade wear, but no tax on cloth. The levy is to protect the local tailoring industry, which employs thousands of people.

It said that it stumbled on a racket that involved major corruption at the border check-posts.

In order to squeeze profits by evading tax, law breakers in the cloth retail sector regularly bribe check-post officials to “fraudulently assess” imported readymade wear as cloth on which there is no levy.

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