Growing demand for fine grades was seen on cotton market amidst range bound trading, while prices of all grades remained cost-effective on cotton market this Monday.
Alexium International Group's key Asian/European distribution partner iTextiles, a major Asian/European distribution partner in Pakistan and a leading textile trading company in Pakistan, representing premium textile products from international companies like INVISTA, Dow Chemical, Kaneka Corp, and Rong Sheng, has received Alexium's fabric technology chemistry and is proceeding with scale-up runs with key manufacturing partners. Production runs are currently being scheduled to start as early as next week.
Texhong Textile Group Ltd, Hongkong listed yarn manufacturer engaged in the production and distribution of quality yarn, grey fabrics and garment fabrics, especially of high value-added core-spun yarn and fashion cotton textiles has posted a plunge in profits for the first half of this year.
The plunge in profit was mainly due to weak yarn sales prices in the mainland China market and the depreciation of the yuan against the US dollar, the company noted in its interim results filed with the Hong Kong Stock Exchange yesterday.
Himatsingka Group a vertically integrated Indian Home Textile major with a global footprint, which currently owns 70% of the share capital of Giuseppe Bellora S.p.A, (owner of the luxury Italian bedding brand “Bellora”) announces the acquisition of the remaining 30% share -holding from GB Invest S.r.l. With the acquisition the Himatsingka Group has become the sole shareholder of Giuseppe Bellora S.p.A.
HanesBrands Inc., an American branded apparel manufacturing company based in Winston-Salem, N.C., plans to acquire DB Apparel (DBA), France-based marketer of intimate apparel, hosiery and underwear in Europe to leverage its innovate-to-elevate strategy and global supply chain from Sun Capital Partners Inc., Boca Raton, Fla., for approximately $550 million.
HanesBrands maintains a substantial global network of self-owned production facilities for intimate apparel and underwear.
The Indonesian government is making all attempts to lower dependence on imported of raw materials and looking at way to substitute import raw material with local products. In this attempt, the Ministry of Economy in coordination with other minister are putting efforts to deal with the trade deficit which has surged from imported products and also has the potential to hit the national industry.
Home Textiles Sourcing Expo 2014, fifth edition that was held at the Javits Convention Center in New York City marked its highest attendance rate to date with 5,895 verified visitors from 22 countries. There was a rise of 11 percent in attendance rate over last year.
At present, Vietnam is the world’s third largest importers of textiles and ranks fifth on the list of the largest suppliers of garment products. On the other hand, India is the world’s second largest producer of input materials for the textile and garment industry, such as cotton, cloth and fiber. Keeping this in mind, the Indian textile and garment material suppliers have drawn up a plan to raise their market share in Vietnam to 25 percent by 2018.
Richa Industries, a Delhi-based mid-sized textile manufacturer engaged in manufacturing of knitting, processing, dyeing & special finishing of fabrics. It has textile manufacturing units based in Gurgaon and Faridabad in the state of Haryana with sales of Rs 300 crore plans to sell its business for around Rs.150 crore for which it is in talks with a clutch of private equity players and a Kolkata-based textile group.
The exhibition showcasing eco-friendly sarees made out of natural fibres, including plantain, sisal, white madar, sorrel stem and bamboo is being conducted with the aim of giving a rebirth to fabrics made of natural fibres.
