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  • The stalking horse is at the paddock, champing at the bit to buy a significant industrial property in Charleston. The purse in this case is the cavernous, state-of-the-art former Mikasa Inc. distribution center on Clements Ferry Road. Its owner, American Commercial Inc., sought bankruptcy protection in September and to pay its debts has arranged a $20 million sale of the vacant building to a Canadian apparel maker and importer. As previously reported by The Post and Courier, the woul
  • The over $50-billion domestic textile industry has appreciated the recovery in the US economy during the September quarter. But industry players have also expressed doubts whether the development will help the industry’s exports end with a positive growth in the current financial year. The US economy, which grew at an annualised rate of 3.5 per cent in the July-September period, is the largest import market for domestic textiles, consuming close to 40 per cent of India textiles exports. Go
  • GREENVILLE, S.C. -- The president of a South Carolina textile service company says its Greenville facility will close Dec. 31, leaving 190 people jobless. WYFF-TV reports that employees of John D. Hollingsworth on Wheels Inc. learned of the closing Friday. The company tests, repairs and makes textile equipment. President and CEO William Henderson said the disappearance of textile customers due to the industry's continued U.S. decline made the difficult decision necessary. Workers will rece
  • 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
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