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  • The Chinese textile industry as a whole needs to upgrade completely, said participants at the China Cotton and Textile Industry Development Forum held in New York. China has witnessed rapid economic development over the last 30 years, which has improved people’s standard of living, said Lei Zhaohui, deputy general manager of Hebei Shengyuan Textile Co. Ltd. As a result, Chinese textile enterprises are facing problems of high labour costs, while the costs of raw material and energy have
  • Despite the country's overall exports falling 4.56 percent in June-2013, the apparel exports have increased over 12 percent to USD 1240 million in June, informed the chairman of apex apparel export body in New Delhi. "Apparel exports touched of USD 1240 million in June 2013-14 with increase of 12.13 percent against the corresponding month of last financial year," Chairman AEPC, Dr. A Sakthivel told media on the sidelines of the 51st India international Garment Fair (IIGF) - 2014 opens up in Ne
  • Apparel maker Eclat Textile Co yesterday said sales should pick up sequentially in the second half of the year as the company starts delivery of winter sportswear. “Revenues are expected to increase year-on-year in the second half because winter products have higher average selling prices,” vice president Roger Lo said by telephone. The company’s positive outlook came after it resumed taking orders from Canada-based Lululemon Athletica Inc in May, as well as winning other new clients. Sale
  • Oil production in Saudi Arabia, the world's largest exporter of crude, rose to 9.657 million barrels a day in May, compared with 9.31 million barrels a day a month earlier, while exports edged 4.6% higher during the same period, official data showed Wednesday. The kingdom exported 7.789 million barrels a day of crude oil and condensate in May, up from 7.444 million barrels a day in April, according to figures posted on the Joint Organization Data Initiative, or JODI, website. JODI is sup
  • A Chinese textile industry official says it will "work very hard" in the next four years to clean up its messes. The industry will strive to "create a green environment" that will permit sustainable growth, Zhang Yankai, vice-president of the China National Textile and Apparel Council, told China Daily at a major textile and apparel show in New York City on Tuesday. "In the next four years, we are going to work very hard to create a green environment so (the industry) continues growth in the
  • A woman works in a textile factory in suburban Ashgabat in June. Turkmenistan is developing its textile industry. [Dzhumaguly Annayev] Turkmenistan, where the textile industry holds a place of honour along with the oil and gas industries, plans to open three cotton-spinning factories in Kunya-Urgench, Turkmenabat and Seydi. These factories will provide more than 1,500 jobs, according to the ministry. "Their total capacity will be 14,000 tonnes of cotton yarn per annum, and the Turkish fir
  • ICE cotton fell to a two-week low on Tuesday, pressured by limited mill buying, technical weakness, and forecasts of rains in drought-ridden Texas, the top producing state, that have alleviated worry over supplies in the world's top exporter. The most-active December cotton contract on ICE Futures US edged down 0.73 cent, or 0.9 percent, to settle at 84.37 cents per lb after falling to 83.91 cents, the contract's weakest level since July 1. "There's a lack of interest from mills, giving prices
  • Energy supply to the textile industry in Punjab has been reduced heavily both by the Pepco and the SNGPL since January 2013, bringing down the growth of textile exports to 4.6 percent against 30.6 percent in India, 19.2 percent in China and 12.0 percent in Bangladesh on an average per year for the period 2005-11. According to the data available with Business Recorder, electricity loadshedding has increased to 10 hours a day in July 2013 with power generation of 15000MW against 6 hours a day in
  • The tragic incident of the Rana Plaza collapse at Savar that killed some 1,127 people last April shocked the entire world. The collapse came five months after 112 garment workers who died in a fire in another factory, Tazreen Fashion. This has put Bangladesh apparel industry in a very dire situation for the irresponsible action of both factory and building owner. Such failure must be tried quickly according to law and should act as a deterrent, according to the editorial of the current ICCB News
  • Modernization and upgradation of powerloom machines in the country's man-made fibre (MMF) hub is all set to get a major boost with the launch of the venture capital fund and the hire-purchase pilot schemes by the central government. The schemes are aimed at increasing the credit flow in powerloom sector. Invitee member of All India Powerloom Board Arun Jariwala said that an umbrella trust will be set up by the Small Industries Development Bank of India (SIDBI) which will be registered with Sec
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