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  • SIALKOT (November 01 2009): The export of value-added knitted garments, sportswear, made ups and other products will be badly affected if unrestricted export of raw materials like cotton yarn and raw cotton is not checked by the government immediately. This was stated by Dr Khurram Anwar Khawaja, Chairman Pakistan Hosiery Manufacturers and Exporters Association here Saturday. He demanded immediate intervention by the government in the local supply chain mechanism to save the entire value-adde
  • NEW YORK, Nov 1 (Reuters) - Despite missing Wall Street's third-quarter earnings estimates last week, apparel maker VF Corp's (VFC.N) profit potential makes it attractive for longer-term investors, Barron's business weekly said on Sunday. It noted stock in the company, whose brands include North Face, Nautica and Wrangler, is up only 29 percent this year, compared with 44 percent for the average peer and way off rivals like Liz Claiborne (LIZ.N) and J. Crew Group (JCG.N). "VF has much to r
  • SINGAPORE: Asian textiles, once considered a fading industry, are now showing strong growth prospects thanks to technology and demand from an expanding middle class, a leading industry player said. Known in the past for back-alley shops that churned out cheap material, many Asian firms have shed their sweatshop image as they moved to compete in the global market, said Paul Hulme, president of Huntsman Textile Effects (HTE). Stricter environmental standards required by Western countries als
  • JAKARTA, Oct. 7 (Xinhua) -- The Indonesia-U.S. bilateral partnership agreement to be signed at the end of this year could lead to the removal of tariffs on some Indonesian products such as textiles, the Jakarta Globe reported on Wednesday. "The agreement could be the start of another detailed agreement on specific issues, such as removing duties on textiles exported to the United States," said Shinta Kamdani, an official at the Indonesian Chamber of Commerce and Industry (Kadin) who oversee
  • BRITAIN'S clothing retail industry will be under the spotlight at a "Question Time" session in Leeds. The event comes as high street sales for clothing retailers were down for the fourth consecutive month in August. However discount fashion brands have reported record sales and a 17 per cent increase in online sales year-on-year. The Question Time session is intended to share success stories and learn from industry experts on how to survive and grow through the downturn. Entitle The
  • With extended Eid-ul-Fitr holidays behind us and approaching weekend ahead of us, both domestic mills as well as the exporters are showing increasing interest in purchasing cotton. Therefore, despite the earlier impression that we would witness a holiday hangover for the remainder of the current week, cotton market is showing a steady to firm disposition with both the exporters and the mills expressing keen and regular interest in buying lint from the current crop (2009-2010). A marked and me
  • LAHORE (September 25 2009): Pakistan textile sector is eyeing hopefully towards the outcome of present visit of President Asif Ali Zardari to the US, as there are strong chances that the US government would take concrete measures on the market access to Pakistan. It may be noted that the President Asif Ali Zardari, besides calling upon the US to fast-track the reimbursement of the outstanding $1.6 billion Coalition Support Fund and the early realisation of the Tokyo pledges, has urged for substa
  • The Central Regional Minister, Ama Benyiwa-Doe, has expressed government’s readiness to support the garment and textiles industry in the country to grow and contribute to the national economy. The support, she noted, will be in the form of capacity building, financial empowerment and enabling environment to facilitate their growth. Mrs. Benyiwa-Doe, made the point in a speech read on her behalf at the launch of the National Friday Wear at Agona Swedru in the Agona West Municipality of the Ce
  • The Chinese and Lithuanian leaders called for enhanced bilateral relations in industrial and commercial sectors at a meeting of Lithuanian and Chinese entrepreneurs on Tuesday. Addressing the meeting, visiting Chinese Vice Premier Hui Liangyu urged further economic and commercial cooperation between the two sides. Chinese Vice Minister of Commerce and host of the meeting, Gao Hucheng, pledged that the Chinese government would work more closely with Lithuanians to serve and facilitate t
  • Chinese home textile companies are lining up for initial public offerings (IPO) this year, said Thursday's China Daily. Luolai, the Shanghai-based high-end home textile supplier, started its new stock subscription on Wednesday, putting it in the vanguard of those seeking a stock market listing. The company has set the IPO price at 27.16 yuan (3.88 U.S. dollars) per share. Shares are expected to debut on the Shenzhen bourse around Sept 10,the newspaper said, citing Wu Xianzhong, Luolai'
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