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Related Keywords: cotton acreage, cotton price, cotton sowing in china, cotton sowing in india, cotton stock, Farmers in China, Farmers in India, Farmers in US, high-quality US cotton, ICAC, National Cotton Council

According to reports, cotton farmers in US will probably cut down acreage to the lowest since 2009 after prices slumped in January to a five-year low.

Plantings is predicted to drop to 9.73 million acres in the season beginning 1 August, from 11.04 million a year earlier, as farmers will switch to other crops including peanuts. The National Cotton Council is set to release its planting-intentions survey on 7 February.

Related Keywords: Global Textile Technology & Engineering Show 2015, GTTES 2015, ITME society, spinning sectors, textile engineering industry

Global Textile Technology & Engineering Show 2015 of ITME Society had created a landmark event for textile engineering industry in India. The event focused on post spinning sectors attracted exhibitors from 12 countries and visitors from 21 countries.

Related Keywords: by-product of sugar industry, developed nylon bio polymer, Ecodear laminate, first plant-based membrane, ISPO exhibition, Japanese textile giant, new 3D fabric structure, performance apparel market, technology expert, Toray, wast molasses

Technology experts at Japanese textile giant Toray last year had developed a 100 percent bio-based polyester yarn from waste molasses has gone ahead to make another new development nylon bio-polymer also derived from waste molasses, a by-product of the sugar industry which is normally disposed. The new development will be officially launched at this week’s ISPO exhibition in Munich.

Related Keywords: biggest sourcing destination, export market of textile, Global Organic textile standards, GOTS, India largest producer, organic cotton, organic fibres, stage GOTS conferece, textile value chain

India, the largest producer of organic cotton (around 70 per cent of world production) and also the largest processing and export market of textiles using organic fibres with the most Global Organic Textile Standards (GOTS) certified facilities worldwide will stage the first ever international GOTS conference on 22 May. The conference aims to raise awareness about organic textiles and provide guidance and technical information about the GOTS standard.

Related Keywords: Chairman and Managing Director Samir Thapar, Indian textile maker, JCT ltd, land at Ganganagar, manufacturer of textiles and filament yarn, plan to sell noncore asset, Rajasthan, repay convertible bond holders, two plots in Delhi

JCT Ltd, one of India's leading textile makers, plans to sell some of its noncore assets to repay holders of its foreign currency convertible bonds. The company’s non-core assets include 70 acres of land at Ganganagar in Rajasthan and two plots in Delhi. The combined market value of these land would be about Rs 80-90 crore.

The move comes after the Punjab and Haryana High Court last week dismissed a petition seeking winding up of JCT, filed by hedge fund QET that holds a majority of the Rs 115 crore of bonds outstanding.

Related Keywords: Andhra Pradesh, APCO to purchase stock, by globalisation and liberalisation, chief minister, handloom cooperatived societies, Handloom sector impacted, loans of all handloom units, N Chandra Babu Naidu, subsidy on purchase of yarn, waived, Weavers

The globalisation and liberalisation has impacted the handloom sector badly and those who depend on it for livelihood need to be protected. Andhra Pradesh Chief Minister N Chandra Babu Naidu attending a handloom workers convention yesterday announced that loans of all the handloom units in the state would be waived, this came in on the lines of waiver for farm loans.

He also announced that the state government would purchase the unsold stocks of handloom workers and handloom co-operative societies.

Related Keywords: China textile round table forum, Chinese textile industry, Georg Stausberg CEO, maintain competitiveness, Oerlikon Manmade fibers segment, outdated filament spinning technologies, outdated machinery, presented exclusive study, replace with modernized technologies, sustainable growth, tenth edition, through value innovation, under new normal

The tenth anniversary edition of the Annual Meeting of China Textile Round-Table Forum took place on 31 January 2015 in Beijing with the motto – China’s Textile Industry under the New Normal. Georg Stausberg, Oerlikon Manmade Fibers Segment CEO, presented the results of the exclusive study on Sustainable growth through value innovation to more than 300 participants present at the event.

The study investigates the potential savings to the Chinese textile industry if outdated machinery were to be replaced with modernized technologies

Related Keywords: China and Japan, chinese market, eco-friendly Green Garment Factory., EU market, government target, GSP Plus facility, in export revenue, sign free trade agreement, Sri Lanka apparel sourcing association, Sri Lanka Chamber of Garment exporters, Sri Lanka garment exporters

Sri Lanka Chamber of Garment Exporters (SLCGE) and its partner Sri Lanka Apparel Sourcing Association (SLASA) expressed confidence of achieving this year’s government target of USD five billion in export revenue.

Related Keywords: disinvestment of sick cooperative mills, draft of new textile policy, FDI, Fiber to fashion approach, full fledged textile hub, garment factories, India losing out market of China, Indian cotton to become garment, nine month, review existing textile policy of Maharashtra, Suresh Halwankar Committee, textile sector

The Suresh Halwankar Committee formed to review the existing textile policy of Maharashtra taking into consideration that India are losing out the market to China mainly because it takes nine months for Indian cotton to become a garment. While in China, it takes just two months because of full-fledged textile hubs and hence recommended establishment of mega-textile hubs spread over 1,000 hectares as against allowing garment factories to come up in a scattered manner.

Related Keywords: add jobs, Cordova facility, expanding and upgrading, improvement in textile plant, International Textile Group, manufacturing capabilities, new operating schedules, operation in Richmond county, US fabric maker

International Textile Group is a diversified U.S. fabric maker based in Greensboro, North Carolina with more than 30 years of operation in Richmond County will be making improvements in its textile plant at Cordova facility. This was announced at the Richmond County Board of Commissioners meeting Monday evening.

The company will be expanding and upgrading the manufacturing capabilities of the plant, as well as implementing a new operating schedule which is expected to bring in 10 new additional jobs within the next two years. This will involve an investment to the tune of $2 million.