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Related Keywords: acquires new warehouse in New Jersey, distribution center in the US, leading Chinese textile company, Loftex Logistics LLC, Loftex supplies companies with high-end home towels, manufacturers and exports home textile goods, newly constructed warehouse was owned by Sitex Group, the second deal closed for a Chinese company, warehouse in Carlstadt

Loftex Logistics LLC, a leading Chinese textile company, which manufacturers and exports home textile goods has acquired a new 53,000-square-foot warehouse in New Jersey to use as its first fulfillment and distribution center in the US. The Company paid approximately $12.5 million for the warehouse in Carlstadt, about 15 miles west of New York.

The sale was announced at the end of February and the newly constructed warehouse was owned by Sitex Group, a New York private equity firm that specializes in real estate investment.

Related Keywords: country's largest man-made fabrics (MMF) wholesale market, due to traffice chaos and market congestion, fast developing major textile market projects, houses textile markets and textile shop, includes container parking, Ring Road in Surat, Saroli on Puna-Kumbharia road, soon get new alternative address at Saroli, state of the art new market

The country's largest man-made fabrics (MMF) wholesale market at Ring Road in Surat which houses more than 165 textile markets and over 65,000 textile shops due to traffic chaos and market congestion, textile traders have started looking for options in other parts of the city. City’s textile markets will be soon getting new alternative address at Saroli.

Related Keywords: capable of measuring persons biometric signals. health care service to be launched, centered on telenologies, developed new textile, in cooperation with Nippon Telegraph and Telephone Corp, monitor health of employees, specializes in industrial products, Toray Industries Inc, value-added textile products

Toray Industries Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry in cooperation with Nippon Telegraph and Telephone Corp has developed new textile which will enable companies to monitor the health of their employees, it is capable of measuring a person’s biometric signals. The health care service will now be launched as early as next month.

In China, semi-dull FDY70D/24F prices rolled over at US$2.14-2.22 a kg in the last week of February while FDY40D were at US$2.30-2.53 a kg.

Nylon DTY 70D/24F prices fell US cents 2 a kg while 30D/10F prices were stable on the week.

Monofilament 30D prices rolled over at US$2.37-2.60 a kg while 1.5D staple fiber was stable at US$1.99-2.14 a kg.

Nylon filament yarn prices were range bound on cost pressure on recovering caprolactum and firmer semi-dull nylon chips, but any hike met with resistance due to low offtake. Nylon-6 FDY saw improved demand and prices held stable.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

In China, liquid good offers rose to US$1,460-1,505 a ton in the last week of February while solid goods offers were stable at US$1,505-1,535 a ton. Asian markers, the SE and FE markers further gained US$20 a ton.

Both, Sinopec and DSM Nanjing announced their February contract settlements at US$1,470 a ton and US$1,475 a ton respectively, for liquid goods.

High end imported goods for February was not been settled, with discussions at US$1,150-1,180 a ton.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: cotton consumption declining, cotton production, cotton textile export, International cotton advisory committee, Pakistan fourth largest producer of cotton, Pakistan textile sector, performing poorly in cotton trade

Pakistan despite being the fourth largest producer of cotton has been performing poorly in cotton trade. The cotton consumption is likely to decline by 12 percent this year. By consuming 2.2 million tons of cotton, Pakistan would be exporting around $13 billion of cotton products whereas with the same quantity of combined cotton production Bangladesh and Vietnam would generate exports of $54 billion, according to a recent cotton update by the International Cotton Advisory Committee.

Related Keywords: Bangladesh sees Latin American, establish new politico-cultural and economic relations, eyeing the large Latin American market for their jute products, garment exports, handicrafts, market for its exports, plans to go beyond traditional export markets, Shahriar Alam, State Minister for Foreign Affairs, to share its culture, valued partner

Bangladesh sees Latin America not only as a market for its exports, but also as a valued partner with whom its people could share its culture, said State Minister for Foreign Affairs Shahriar Alam yesterday while addressing a seminar titled “Bangladesh’s relations with Latin Amercian countries: unlocking potential”.

Bangladesh thinks Latin America to be a prospective market for exports and hence plans to go beyond the traditional export markets and establish new politico-cultural and economic relations with Latin America.

Related Keywords: accessories, acrylic, and other man-made files, both grey and dyed, capital cost of sixty two crore, complets capacity expansion, Deepak Spinners Ltd, established name in textile industry, Guna Plant in Madhya Pradesh, installed spindles together with related machinery, made of polyester, synthetic blended yarns, viscose

Deepak Spinners Ltd (DSL), located in Chandigarh, a well established name in the textile industry has completed capacity expansion at its Guna Plant in Madhya Pradesh and commercial production has been started.

The company installed 14,112 spindles together with related machinery and accessories, at a capital cost of Rs. 62 crore.

The company manufactures synthetic blended yarns, both grey and dyed, made of polyester, viscose, acrylic, and other man-made files. Its products include polyester and viscose yarn, acrylic yarn, acrylic polyester blends and acrylic viscose blends.

Related Keywords: bamboo thread, Bandung Institute of Technology (ITB) students, current fashion industry, depends on animal and plant-based fibers, found in Chinese traditional medicine, fungus and bacterial, Kombucha material, Nidiya Kusmaya, spark Indonesian interest by developing items coloured, sustainable fashion movement

The Bandung Institute of Technology (ITB) students trying to spark the Indonesia’s interest by developing items colored with fungus and bacterial including those that can be easily found in bathroom in the sustainable fashion movement. The idea perhaps sounds silly, but that is exactly what Nidiya Kusmaya had in mind when she started her final thesis at ITB. She discovered the hidden beauty of Aspergillus niger, a micro fungus responsible for the black mold on damp clothes.

Related Keywords: Central Bank of Nigeria, due to influx of cheaper fabrice, during the fourth quarter, foreign textile, from china and India, in this current year, installed capacity, Nigeria textile industry, official foreign exhange, spend about USD one hundred forty millon, textile mills operating only forty percent, to import textiles, under performing

Nigerian textile import is on rise, in this current year during the fourth quarter Nigeria would spend about $140 million (N27.5 billion) on imported textiles. as the Nigerian textile industry is under perfoming due to the influx of cheaper fabrics from China and India, although there are about 30 operational textile mills but running only at an average of 40 percent of installed capacity. Foreign textiles are among the 41 items that will not benefit from official foreign exchange from the Central Bank of Nigeria (CBN).