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2015-08-17 15:45:00
China sneezes and textile world may catch cold soon
The People’s Bank of China (PBC) devalued the Renminbi (RMB/Yuan) on 11 August by 2015 by 1.9%, the largest one day devaluation since 1994. The ‘daily fix’ of the currency to the
2015-07-31 11:00:00
Indonesian TPT industry faces pressure from both inside and outside the country
Indonesian textiles and textile products (TPT) industry in Indonesia is presently facing tough pressure from both inside and outside the country. The performance of the TPT industry over the first
2015-07-17 12:00:00
Egypt cancels decision to ban cotton import
Egypt’s government to allow cotton imports this year, revoking its last week’s decision to ban cotton imports from abroad to protect Egyptian cotton farmers and avoid damaging the
2015-07-15 17:00:00
TN synthetic yarn manufacturers decide to restrain production
Tamil Nadu textile spinning mills producing blended yarn including polyester cotton by using synthetic material, have decided to stop production during the weekends with immediate effect as losses
2015-07-09 11:00:00
ZITMA demands complete ban on polyester knitted fabric and finished blankets
The Zimbabwe Textile Manufacturers Association (ZITMA) demands complete ban on polyester knitted fabric and finished blankets entering the country. The moves comes to protect the local textile
2015-06-30 12:00:00
Indonesian yarn manufacturers urge to impose temporary safeguard duty on imported yarn products
Indonesia’s local yarn manufacturers to protect the country’s domestic industry whose products, particularly polyester is struggling to compete with cheaper imported yarns due to higher
2015-06-11 16:00:00
Spinning mills resort to capacity cut to overcome domestic glut
Indian spinning mills are looking to domestic demand from the garments sector for relief from oversupply situation caused due to decline in cotton yarn exports to China. China has been a major
2015-06-08 12:00:00
Domestic synthetic yarn losing market share
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
2015-04-30 11:03:00
Have Indian spun yarns become competitive?
Export volume of spun yarns from India continue to grow in March 2015, while prices retreated compared to their year ago levels. At this price level, it appears that spun yarns made in India have
2015-04-29 16:00:00
Myanmar next best destination for international textile sector
Low wages, plentiful labour and an image problem in neighbouring Bangladesh have all boosted Myanmar’s chances. The international textile sector has discovered Myanmar as next best destination
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