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Textile exporters hit hard as euro tumbles

Related Keywords: CII, drop in currency exchange rate, euro tumbled against the dollar, garment prices, heavy competition, hit hard, lower margin for manufacturers, negotiate better deal, pre-shipment credit in foreign currency, revised once in few years, sizeable exporsure to currency, Tirupur textile exporters

Businesses close to home and individual textile exporters in Tirupur, Tamil Nadu, who have sizeable exposure to the currency, have been hit hard after the recent drop in the currency’s exchange rates.

The euro tumbled against the dollar — falling 3.6 cents — after the strong US jobs data released last week. With the euro at 1.06 to the dollar, the market is bracing for the currency reaching parity with the dollar — that would mean a further fall.

AMITH signs performance agreement to increase exports to 464 mn by 2020

Related Keywords: AMITH, create jobs, identified to increase exports, increase exports, Industrial development fund, Moroccan Association of textile and clothing, projects led by industry-leading companies, signed performance agreement

The Moroccan Association of Textile and Clothing (AMITH) is an important player in the Moroccan economy with more than 850 members has entered into a performance agreement as per the terms the textile industry to increase exports to 464 million and is also committed to create 90,000 jobs by 2020. The agreement was signed at the end of February.

The agreement was signed in the framework of the 2014 -2020 industrial Acceleration Plan, launched in April 2014. A total of 57 projects led by industry-leading companies were identified and the sector has also pledged to increase exports.

Philippine textile industry on the rise with the help of PTRI new technology

Related Keywords: different business plan, dyeing, fully integrated textile mill, knitting, mills renovated, natural fiber, niche market, Philippine textile industry, produced and exported garments, PTRI new technology, spinning, under quota system, weaving

Philippine textile industry at its peak had huge, fully integrated textile mills that did everything –spinning, weaving, knitting, dyeing. It produced and exported garments under a system that used quotas. But problems came into the textile industry with the advent of cheap textile imports, the abuse of the quota system (entities with no mills had quotas allowing them to bring in raw materials, real mills had none) and with low prices combined with high wages, there was a general shutdown.

New textiles trade fair is set to make its debut in Spain this September

Related Keywords: Ateval Home Textile, ATP Home from Portugal, carpets and rugs, curtains and ornamental trimmings, debut in Madrid, fifty exhibitors, home textiles and decorative accessories., Home Textiles Premium, New Textile trade fair, organized by Feria Valencia, to showcase furnishing and interior décor fabrics, top brand

A new textiles trade fair, Home Textiles Premium, will debut in Madrid, Spain which will be organized by Feria Valencia in conjunction with Ateval-Home Textile from Spain, a textile employers association and ATP Home from Portugal.

Home Textiles Premium has been created to be an exclusive trade fair for top brands. Fifty exhibitors will show furnishing and interior décor fabrics, curtains and ornamental trimmings, carpets and rugs, and home textiles and decorative accessories.

Buyers stayed busy dealing in fine grades amid range-bound trading

Related Keywords: busy dealing in fine lint grades, cotton bales, ginning units, KCA, load shedding, majoirty buyers, Pakistan cotton market, power outages, production capacity, spot rate, Textile

Majority of buyers remained busy dealing in fine lint grades as trading remained range bound in cotton market. They made deals for immediate use and fine grades sellers were in driving seat due to paucity of stuff while KCA remained busy taking steps to provide maximum benefit to the weak stakeholders to capitalize maximum on their stuff, floor brokers said on Thursday.

World Textile Group plans to set up warehouse to explore Indian market

Related Keywords: brand Dunkelvolk, Changzhou based World textile group, explore Indian market, export and retail, fabrics and garments, India fastest growing market, manufacturer of synthetic fabrics, plan to set up bonded warehouse, set up a manufacturing unit, strong supply base

After China, India is the fastest growing market in terms of export and retail. With labour cost in China going higher, many customers worldwide are looking at Indian sources. Changzhou-based World Textile Group, manufacturers of synthetic fabrics with their strong supply base in fabrics and garments, besides owning a brand, their next step is to move to the Indian market.

Over 20 Lithuanian textile works reflections of liberty on display in Grodno

Related Keywords: and saucepan covers., artist and representative, artistic abstractions, embroidered metal objects such as flasks, ladles, landscapes, Lithuanian Consulate General in Grodno, Lithuanian textile art exhibition, showcase textile work, tapestries

An exhibition of Lithuanian textile art was opened up on 10 March with the participation of the artists and representatives of the Lithuanian Consulate General in Grodno. The exhibition reflections of Liberty showcases over 20 textile works, mainly tapestries of different sizes, by seven Lithuanian artists. Most of them feature landscapes and artistic abstractions.

Teijin to exhibit high performance fabric it at Intertextile Shanghai Apparel Fabrics

Related Keywords: casual, environmentally friednly solutions, exhibit high performance fabrics, fashion and uniforms, for sports, in Chinese clothing markets, Intertextile Shanghai Apparel Fabrics, Nantong Teijin, polyester fibre, promote business, Spring edition, Teijin Group, textile manufacturing and sales company

The Teijin Group has announced tha Nantong Teijin, the group’s textile manufacturing and sales company based in Nantong, China, will be participating in Intertextile Shanghai Apparel Fabrics – Spring Edition 2015 where the company will exhibit high-performance fabrics and environmentally friendly solutions to promote further business in the Chinese clothing markets for sports/casual, fashion and uniforms, among others.

The company will present Microft, a moisture-permeable, water-repellent fabric produced with functional, high-quality microfibre.

Trendy sarees and garments from gumccha and lungi on display at Dastkar Fest

Related Keywords: Dastjar Purabi Fest, from humble gumccha and lungi, handwoven apparel, Handwoven khadi, Muga silks, trendy sarees and garment, tribal weaves, versatile Ikats, Vibrant kantha embroidery

Handwoven Khadi, tribal weaves, versatile Ikats and vibrant Kantha embroidery, luminescent Eri and Muga Silks besides handwoven apparel by Bodo tribe of Assam are on offer at the ongoing Dastjar Purabi Festival. The event is being held in association with Delhi Tourism at Nature Bazzar till March 23.

Trendy sarees and garments from humble gumccha and lungi besides a range of chunky accessories produced from waste products are put for display at the event.

Assam govt takes initiative to create market linkage for weavers

Related Keywords: cater demands of customers, creat right market linkage, Government of Assam state, handloom sector, idea to weavers, initiative to improve, innovative ideas, maintain quality, major earning options, Minister for Handloom, National level handloom expo, socio-economic condition of weavers, Textile and Cultural Affairs, to expand business

Government of Assam state is taking up a lot of initiatives to improve the socio-economic condition of weavers, including creating the right market linkage for weavers. This was announced by the Minister for Handloom, Textiles and Cultural Affairs Bismita Gogoi.

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