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Pakistan emerges as huge importer of Indian cotton

Related Keywords: Cotton Advisory Board, domestic cotton prices ruling higher than international prices, India largest producer of cotton in the world, Indian Cotton Federation, Pakistan turns a huge importer of Indian cotton, pest attacks in Pakistan, resulting in huge fall in production, textile mills are buying cotton from Africa and Australia

Pakistan has turned a huge importer of Indian cotton, purchasing about 25 lakh bales (a bale is 170 kgs) which is about 40% of the shipments of the fibre from the country so far in the 2015-16 season, (October-September). The country has so far exported about 65 lakh bales of cotton in the 2015-16 seasons as pest attacks in Pakistan have resulted in a huge fall in production.

D&Y Textile aims to achieve export sales target of RM1 billion in FY2019

Related Keywords: aim to achieve export sales target of RM1 billion, an increase in yarn spindles, at Sedenak Industrial Park, build new plant, contract manufacturing, D&Y Textile Malaysia Sdn Bhd, increase in yarn spindles, increase production, largest textile enterprise, second phase of expansion, subsidiary of China-based textile group

D&Y Textile (Malaysia) Sdn Bhd, a subsidiary of a China-based textile group, whose current export sales stands at about RM220 million, which only consists of yarns is aiming to achieve export sales target of RM1 billion in the financial year ending Dec 31, 2019.

Cotton conference organized by ICF coming up in Coimbatore this August

Related Keywords: arbitration, Cotton Ginners, cotton textile eco-system, global scenario, hedging, Indian Cotton Federation, Indian Cotton Scenario in the Current Context, Indian cotton sector, needs comprehensive study on challenges, organizing two-day conference, requirements, scope to increase production, textile industry representatives, traders

The Indian Cotton Federation is organizing a two-day conference on “Indian Cotton Scenario in the Current Context 2016-2017” on August 19 and 20 at Coimbatore as the Indian cotton sector needs a comprehensive study on challenges, requirements, and scope to increase production.

About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected to participate at the conference. They will deliberate on cotton area, demand, supply and price situations, and sustainable management practices.

MEG price slips in Asia, up in US

Asian MEG marker edged down US$5 a ton CFR China and CFR South East Asia. Mono ethylene glycol prices slipped in Asian markets on negative outlook and low futures despite seeing some gains weekend. September MEG futures fell on Huaxicun as traders sold H2 August swaps. Shell nominated August MEG Asian contract price flat from July.

In US, MEG contracts rolled over from July to August, typical movements not seen this year while spot prices were assessed up on the week, pushed up upstream cost. US spot MEG prices were up US cent 0.50 per pound on the week.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Paraxylene price rises on firm buying interest

Asian paraxylene prices gained US$0.50 a ton FOB Korea and CFR Taiwan/China in the first week of August. Paraxylene prices rose weekend and on the week in Asian markets on firm buying interest while decline in PTA futures capped further gains. The paraxylene-naphtha spread rose sharply as naphtha remained almost flat.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Gartex 2016 coming up at Pragati Maiden, New Delhi soon

Related Keywords: accelerate technological advances, Gartex, Indian textile and garments industry, lined-up to participate, makes its much-awaited debut this year, more than 100 exhibitors, one-stop selling and sourcing platform, source complete garment manufacturing solutions, three day show, tradeshow on garment textile machinery

Gartex 2016, a comprehensive tradeshow on garment textile machinery makes its much-awaited debut this year with more than 100 exhibitors lined-up to participate in the 3-day show to be held at Pragati Maidan, New Delhi.

The Show hopes to accelerate technological advances in the Indian textile & garments industry through the showcase of high-quality, high-speed and competitively-priced products.

Tanzania, a major focus of most foreign investors

Related Keywords: Africa and the world. delegation of bankers and entrepreneurs from South Africa, becoming a major focus of most investors, Benjamin William Mkapa Special Economic Zones, EPZA, explore investment opportunities, Tanzania, Tanzania Tooku Garments Co. Ltd, toured textile industry, visited Tanzania Export Processing Zone Authority

Tanzania is becoming a major focus of most investors from Africa and the world. A delegation of bankers and entrepreneurs from South Africa visited the Tanzania Export Processing Zone Authority (EPZA) to explore investment opportunities.

Aster Textile, Turkish knitter to open new plant in the Balkans region

Related Keywords: Aster Textile, fast growing knitted jersey, funded by State Aid, investment to the tune of euro seven point two million, menswear and childrenswear producers, plans to open a new manufacturing facility, southern Serbian city of Nis in the Balkans region, Turkish largest exporters of knitted garments, woven womenswear

Aster Textile, one of Turkey's largest exporters of knitted garments and fast growing knitted jersey and woven womenswear, menswear and childrenswear producers in Turkey, plans to open a new manufacturing facility in the southern Serbian city of Nis in the Balkans region with an investment to the tune of €7.2 million.

Of the total €7.2 million investment, €2 million will be funded by State Aid.

Within three years, Aster would be producing garments worth around €60 million of womens' and menswear per year for some of the world's leading brands.

A&E integrates with Gerber technology to supply knitting industry

Related Keywords: A&E, American & Efird, embroidery thread and technical textiles, global presence extends from Asia to Europe, integrated within Gerber Technology, manufacturers of sewing thread, threads and colours used in knitting industry, to the Americas, YuniquePLM software

American & Efird (A&E) one of the world’s foremost manufacturers of sewing thread, embroidery thread and technical textiles having global presence extends from Asia to Europe to the Americas has announced that its threads and colours, widely used in the knitting industry are now integrated within Gerber Technology’s YuniquePLM software.

A&E’s threads and colours are now available in the material and colour libraries within YuniquePLM V7. In total, there are 1,477 colors and 103 threads integrated into YuniquePLM, offering designers over 100,000 combination choices to select from.

Turkish giant Çukurova group to explore investment opportunities in Zim

Related Keywords: based in Turkey, capitalizes on business opportunities, Confederation of Zimbabwe Industries, Çukurova Group, CZI, domestic and international levels, especially in textiles and construction machinery sectors, explore investment opportunities, industrial and commercial conglomerate, shown interest in visiting Zimbabwe, textile sector

Çukurova Group, an industrial and commercial conglomerate based in Turkey has shown interest in visiting Zimbabwe soon to explore investment opportunities, revealed the chief executive officer, Clifford Sileya of the Confederation of Zimbabwe Industries (CZI) having received communication from a leading Turkish company.

Çukurova Group established in 1923 as a textile mill in Tarsus which quickly grew into a conglomerate within the industrial sector especially in textiles and construction machinery sectors, capitalizes on business opportunities at domestic and international levels.

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