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Cotton price moving up over lower arrival

Related Keywords: cotton price, domestic mill, Gujarat cotton market, kapas, Maharashtra cotton market, natural fibre, raw cotton, slow arrival

Cotton prices ruled strong over lower arrival due the weak monsoon in Gujarat cotton market. According to traders, demand from domestic mills and slow arrivals in Gujarat resulted in the natural fibre prices to move up. A similar trend was seen in kapas or raw cotton.
 
Gujarat Sankar-6 cotton was traded higher by Rs100-200 at Rs42,000-43,500 for a candy of 356 kg for best quality. Average grade cotton stood at Rs40,000-41,000 and lower quality cotton was Rs34,000-36,000.
 

PHPL to hold its IKAT art Fair now in Delhi

Related Keywords: handloom products, handloom sari, Integrated textile park, Pochampally Handloom Park, Pochampally IKAT art Mela, Textile, weaving facility

Pochampally Handloom Park Ltd (PHPL) an integrated textile park that houses designing, dyeing and weaving facility for textiles under a single roof is all set to organize a 4-days, Pochampally IKAT art mela- 2014 in New Delhi. The fair is completely dedicated to Handloom products.
 

Demand for resurgence of closed units in Pakistan

Related Keywords: entrepreneurs, Pakistan, textile sector

A meeting was held between the Faisalabad Chamber of Commerce and Industry (FCCI) President Suhail Bin Rasheed and textile entrepreneurs on Tuesday. The prime agenda of the meet was focused on the revival of closed units in the textile sector.
 
Former textile minister Mushtaq Ali Cheema also spoke while Azhar Majid, Mian Muhammad Latif, Farhan Latif and FCCI’s former president Muzammal Sultan were present.
 

Textile processing units in Surat disturbed over water shortage

Related Keywords: illegal water supply network, Pandesara GIDC area, SGTPA, Textile processing unit, water shortage

Around 125 textile processing units in Pandesara GIDC area in Surat are focused to run day shift only and shut down their units during night due to water shortage problem faced by the units. With only one shift running, the textile industry will now face a loss of crores of rupees, according to the Southern Gujarat Textile Processing Association (SGTPA).
 
The BJP municipal corporator of Varachha, Bhimji Patel has recently identified that there is an illegal water supply network run by mafias in Pandesara area in Surat.
 

Wool prices to hold their ground going into new wool selling season

Related Keywords: coarse cross-bred wool, new wool selling season, NewZealand wool export, wool carpet, wool industry, wool price

The country's biggest wool exporter New Zealand Wool Services International Ltd, is expecting wool prices to hold their ground going into the new wool selling season but much depended on the currency.

According to New Zealand Wool Services International general manager John Dawson, more than half of New Zealand's wool exports have gone to China and the new uses China is finding for carpet-style wool has lead to rise in coarse wool prices.

Arvind, apparel and textile firm plans to increase its borrowing limit

Related Keywords: apparel and textile company, Arvind, borrowing limit, business requirement, expansion activities

Arvind Ltd, an Ahmedabad based apparel and textiles company would be seeking shareholders’ consent to increase its borrowing limit to fund expansion activities as well as for future business requirements. The company’s current borrowing limit is Rs 3,000 which it is considering to increase to Rs 5,000 crore.
 
The company will be putting up a special resolution at the forthcoming Annual General Meeting (AGM) of the members of the company to be held on July 30, 2014.
 

SV Pittie Textiles to set up yarn manufacturing facility in Sylvania

Related Keywords: carded cotton yarn, Indian textile industry, SV Pittie Textile, Sylvania, textile manufacturer, yarn manufacturing facility

SV Pittie Textiles, a leading India-based textile manufacturer having substantial presence in the Indian textile industry, with manufacturing capacity operates in 13 locations, broke ground on Monday for a planned $70 million yarn manufacturing facility near Sylvania. The construction is expected to begin this year.
 
This project will be the biggest single investment in the U.S. cotton yarn sector in decades. The plant, which will be located in Screven County Industrial Park, will provide employment to 250 people when it’s fully operational.

Parzor working towards preserving the grand ethnic Parsi textile

Related Keywords: craft exhibition, Paris textile heritage, Parsi embroidered products, Parzor Foundation

Parzor Foundation, a non-governmental organization invites all to its first exhibition of Parsi Embroidered Products in Chennai. The organization works towards preserving the grand ethnic Parsi textile heritage and culture. Parsi textiles is a small scaled industry but a unique part of India’s textile heritage.
 
The unique embroidery is a global art form that draws its best from the east and the west. A revival will not only awake this dying craft but also enhance the skill sets of Indian craftsmen and in turn develop the textile world.
 

Pakistan cotton market saw prices dropping unassumingly

Related Keywords: cotton industry, cotton trading, Pakistan cotton market, seed cotton arrival, spot rate

Some trading activity was seen on the cotton market with price dropping unassumingly on Monday in the process of improved activity; Mills showed some interest in new purchasing with supply position eased.
 
Most of the buyers were not in a hurry to make fresh deal in anticipation of fall in prices.
 

Südwolle German yarn producer to open first distribution facility in Mount Airy

Related Keywords: distribution facility, flat knitting, hosiery business, pure wool, Spun wool yarn, spun yarn, Südwolle Group, weaving

Südwolle Group, a German-based producer of spun wool yarns plans to open its first U.S. distribution facility in Mount Airy. It is projected to open this month. The 94-year-old family owned company, based in Nuremberg, makes pure wool and wool-blend worsted spun yarns for weaving, and circular and flat knitting. It also has operations in Australia, China, Italy, Poland and Romania.
 

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