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Declining trend seen on the Pakistan cotton market

Related Keywords: 10 percent growth, cotton output, cotton prices, declining trend, easy trend, higher phutti arrival, KCA, lint price, lower petroleium price, man-made fiber cheap, Pakistan cotton market, Pakistan textile industry, TCP, world market

With higher phutti (seed cotton) arrivals into the market and an ongoing easy trend on world market has lead to further fall in cotton prices on Thursday.

The Karachi Cotton Association (KCA) cut its spot rates for second consecutive session by Rs100 to Rs4,650 a maund, indicating the mounting pressure on lint prices.

The declining trend in lint prices world over has multiplied pressure on the domestic market .

The Trading Corporation of Pakistan’s (TCP) procurement drive seems to be failing as lint prices have dropped by between Rs300 and Rs350 since its start.

Taiwan gains recognition as sourcing hub for functional textile

Related Keywords: developed, eco-friendly textiles, functional, integral supply chain, international sourcing hub, leader in chemical fiber, major buyers, quality assurance, Taiwan Functional Textiles Certification System, Taiwan Textile Federation, Taiwan textile industry

Taiwan textile industry is renowned for its integral supply chain. As one of the leaders in chemical fiber, Taiwan has developed various functional and eco-friendly textiles to the global market , thereby being recognized as an “international sourcing hub” by major buyers around the world.

China cotton stocks may end the season smaller than expected

Related Keywords: china cotton inventories, Chinese cotton consumption, Chinese farm subsidies, domestic market, export market, impact of subsidy reforms, keepin down production, market-friendly cotton price, smaller than expected, stockpiles, US Department of Agriculture, USDA estimate

The US Department of Agriculture bureau in Beijing pegged at 58.0m bales (12.64m tonnes) China's inventories at the close of 2014-15 – more than 4m bales below the department's official forecast.

China's cotton inventories in August were equivalent to about 60% of the world total, may end the season smaller than had been thought due to the impact of subsidy reforms which may keep down the country's production long-term.

Hamid Fabrics to invest Tk70 cr to set up yarn dyeing unit

Related Keywords: American clothing brands, Bangladesh textile industry, expansion project, growing demand, Hamid Fabrics, Mahin Group, manufacture and export textile fabric, production capacity, set up, yarn dyeing unit

Hamid Fabrics, a concern of Mahin Group, one of the most reliable players in Bangladesh textile industry, its core activity is to manufacture and export textile fabrics. To meet the growing demand the company plans to set up a yarn dyeing unit with a capacity of producing 15 tonnes of dye a day. The expansion project will involve investment to the tune of Tk70 crore.

The company will buy 50 Air Jet loom machine to set up the unit that will start production in the third quarter of 2015.

SMEs inclusion needed in making of textile policy

Related Keywords: Abbas Khan Afridi, federal minister for textile, forthcoming textile policy, Pakistan textile sector, Small and Medium enterprises, SME sector, UNISAME

The small and Medium Enterprises (SME) textile sector is the majority sector and plays an important part in the economy of Pakistan. Hence the Union of Small and Medium Enterprises (UNISAME) has urged the federal minister for textiles and industries Abbas Khan Afridi to sharpen the forthcoming textile policy to facilitate the SME sector and address the issues of the majority sector conscientiously.

Govt coming up with four schemes to push technical textile

Related Keywords: contract research projects, incubation centre, integrated textiles parks, mini-mission of Technology, Ministry of textile, potential uptapped, Technical Textiles, Textile Industry

Technical textiles are an important part of the textile industry and its potential is still largely untapped in India. To tap the potential of technical textiles, Ministry of textile, Government of India has launched four schemes, including a technology mission, for promotion and growth of technical textiles, Lok Sabha was informed today.

Technical textiles are materials manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative purpose.

Madura Lifestyle plan to set up greenfield garment manufacturing plant in Odisha

Related Keywords: Adity Birla group enterprise, ancillary unit, capital subsidy, full waiver of VAT, good packaging unit, Greenfield garment manufacturing unit, Madhura Fashion and Lifestyle, Mancheswar industrial area, Odisha, premium branded apparel segment, washing unit

Madura Fashion & Lifestyle, an Aditya Birla Group enterprise, largest player in premium branded apparel segment has plan to set up a Greenfield garment manufacturing unit in Odisha for which it has lined up an investment of Rs 75 crore in three phases.

It has sought 6-8 acres of developed land in Mancheswar industrial area in the city along with other incentive and concessions for putting up the facility.

First textile tech show GTTES 2015 set up to open up in Mumbai next month

Related Keywords: 300 exhibitors, Bombay Convention and Exhibition Centre, First global textile technology, GTTES 2015, Heavy Industries Ministry, International Textile Machinery Exhibitions Society, post spinning segment, promote brands, textile department, textile sector

The first Global Textile Technology & Engineering Show (GTTES) 2015 is all set to open up with focus on the post-spinning segment and provide a one stop solution for every business in the textile sector.

More than 300 exhibitors are expected at this event, with strong representation from countries such as China, Taiwan, Korea, Japan, the US and India. Seven companies from Coimbatore are also expected to participate, according to International Textile Machinery Exhibitions Society, India (ITME) organizer of this event.

Mafatlal Industries Limited launched the New Bed and Bath Winter Collection

Related Keywords: bath towels, classic design bed sheet, creative design bed sheet, exquisite patterns, Girisons clothing industry, latest fashion trends, Mafatlal Industries, new bed and bath winter collection, Percale Cotton, Pillow covers, polka dot, premium quality combed cotton, stylish design bed sheet

Mafatlal Industries Limited, pioneer for quality textiles in India since 1905 in association with Girisons Clothing Industry launched their “New Bed & Bath Winter Collection” made from 100% cotton with 180, 200 & 300 thread Percale Cotton.

The launch of their new collection was held at Rendezvous – Roof Top, Hotel Taj Mahal Palace, Mumbai on November 27, 2014.

Texpreneurs push for exemption of cotton mills from Cabotage rule

Related Keywords: Cabotage rule, cotton bales, cotton textile mills, increase in diesel price, infrastructure streamlined, mill sector, Minister of State, Ministry of Shipping, Pon Radhakirishna, push for exemption cotton mills, Texpreneurs

Texpreneurs Forum keep in mind the anomalous increase in diesel price and consequent rise in transportation cost which has seriously impacted the competitiveness of mill sector in the state has urged the Minister of State, Ministry of Shipping Pon Radhakrishnan to exempt all cotton textile mills in the State from Cabotage Rule.

The present Cabotage Rule does not permit the use of foreign vessels in domestic transportation,

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