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  • Apparel exports from Turkiye increased by 17.91% in January-May 2022 (According to the data from the Turkish Statistical Institute and the country’s ministry of trade). During the first five months of the current year, Turkiye exported apparel worth $8.018 billion, compared to exports of $6.801 billion during the same period of 2021.Turkiye’s apparel exports rise 17.91%Category-wise, exports of knitted and crocheted clothing and accessories earned $4.428 billion in January-May 2022, registering
  • Cone Denim ®, a global leader in denim authenticity and sustainable innovation for more than 130 years, is excited to expand its sustainability commitment by highlighting the usage of regenerative cotton in its premium denim lines.Figure: Cone fully supports the Regenagri® initiatives that help businesses move to holistic farming by prioritizing soil health and biodiversity, lowering greenhouse gas (GHG) emissions, and sequestering CO2.In collaboration with international regenerative agriculture
  • Arık Bey, member of Akkanat Holding, was founded in 1985. The company counts 4 facilities located in Beysehir, Corlu andIstanbul and produces 10 million kg of cotton a year.It serves the spinning, confection and embroidery markets and suppliesthe world’s largest sportswear brands. Arık Bey stands for high quality and pursues one goal: turning cotton into perfection.Figure: NASA HPS 68 and CROCOdoff are the perfect combination to reach new levels of performance.After more than 20 years of trouble
  • Itema, the leading Italian manufacturer of advanced weaving solutions, including weaving machines, spare parts, and integrated services, exhibits the most comprehensive weaving portfolio on the market to weave technical fabrics at Techtextil, from June 21st to 24th (Hall 12 – Booth A50) in Frankfurt, Germany.Figure: Itema, the leading Italian manufacturer of advanced weaving solutions, including weaving machines, spare parts, and integrated services, exhibits the most comprehensive weaving portf
  • UK-based recycling innovator,Worn Again Technologies(WAT) has launched a new recycling network- Swiss Textile Recycling Ecosystem.This project will assist the formation of a circular economy based on WAT Technologies’ unique polymer recycling technology.Figure: The consortium will be composed of WAT’s main shareholders, Sulzer, Oerlikon andH&M Group.To achieve full circularity and trigger a paradigm change in the fashion business, all parts of the value chain must be on the same page and wor
  • North Indian markets noted mixed trend in cotton yarn prices today. Ludhiana market registered a drop of ₹5 per kg due to persisting sluggish demand, while yarn prices remained stable in Delhi as buyers were taking interest for fresh buying at lower prices. Panipat’s recycled yarn market also remained steady as demand was not supportive.Ludhiana-based trader Gulshan Jain told Fibre2Fashion, “Cotton yarn demand was negligible as buyers were still not interested. The entire value chain is facing d
  • Despite the record-high inflation in the USA and the EU – two major apparel export market for Bangladesh readymade garments (RMG) – Bangladesh RMG unit prices against exports have observed a noteworthy growth in the USA and the EU markets during July to May of FY 2022-23.Both the market has been playing a paramount role in Bangladesh’s apparel export, as the EU holds 50% and the US holds a 21% growth share during the July-May period of the current fiscal year.Although, both the USA and the EU al
  • Most foreign direct investment (FDI) proposals in Bangladesh come from China, according to Mohammad Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority (BIDA). He said this at the signing ceremony of a memorandum of understanding (MoU) between BIDA and the Bangladesh China Chamber of Commerce and Industry (BCCCI) in Dhaka.The two organisations will work together to increase foreign investment, especially from China, under the agreement.In fiscal 2021-22, China to
  • Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded by 17.3 per cent year on year (YoY) to 564.2 billion yuan between January and May this year, according to China’s ministry of commerce. In US dollar terms, the inflow went up by 22.6 per cent YoY to $87.77 billion. FDI in high-tech manufacturing rose by 32.9 per cent YoY during the period.The service industry saw FDI inflows jump by 10.8 per cent YoY to 423.3 billion yuan, while that of high-tech industries surged
  • There was mixed trend in cotton yarn prices in south India. The prices remained weak in Tiruppur market but found support in Mumbai market. Tiruppur did not notice any improvement in demand which dragged down cotton yarn prices by ₹5 per kg. However, Mumbai market noted improvement in yarn prices by ₹2-3 per kg due to lower production and supplies.A trader from Mumbai toldFibre2Fashion, “Demand was not better. Buyers were absent from the market. But lower production and supplies of cotton yarn p
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