The Thailand Textile Institute (THTI) hoping for more robust numbers in textile exports has targeted exports of Thai silk and silk garments. As Chinese wages rise and more silk used in China, global supplies fall and prices rise, creating silk opportunity for Thailand.
The PTA Users Association, which represents manufacturers of polyester chips, polyester films and polyester filament yarn, has appealed to the Union Government to withdraw its recommendation for imposition of the duty on PTA imports.
Pakistan textile and clothing products exports witnessed escalation by 5.96 per cent in July-May 2014 from a year ago, mainly owing to a trivial increase in export of value-added products. But only nine textile products witnessed positive export growth among all textile and clothing categories.
In May, exports of textile and clothing saw a marginal growth of 1.19percent over the corresponding period of last year.
The 2013-2014 selling season, though officially over, unofficially wraps up in another two weeks. It can be best described as having had a strong early surge in late August 2013 followed by steady price declines through April that bottomed out in May.
The wool selling season 2013-2014 ended on a quiet note with wool prices in U.S. dollar terms were relatively flat in June after seen a erratic May
With various problems being faced by small spinners, President, K Thirunavukkarasu of South India Spinners Association (SISPA) has urged Textile Commissioner Kiran Sony Gupta to make sure that quality raw material, cotton is made available at reasonable price level without much instability.
SISPA wants the textile ministry to maintain a stock to use ratio of 50 lakh bales of cotton stock till the end of the cotton arrival season to meet the needs of the spinning sector.
India has been developing to one of the largest and most quickly growing single markets of the Karl Mayer Group during the last few years, both in the sector of warp knitting as well as in the fields of technical textiles and warp preparation. Karl Mayer believes in this market and anticipates profitable business for the years to come and decided to launch its extra wide ML machine in India. Karl Mayer with Tee Pee Textiles, a part of Zenith Silk Mills celebrated the inauguration of its extra wide Multibar Lace machine with a working width of 210" last month in Surat.
After the meeting held by parliamentary secretary (labour) Tapan Dasgupta, Victoria mill president R.K. Singh “reluctantly” agreed to reopen the factory in Chandernagore, which was closed down since June 17 following alleged despoilment by the labourers on the premises.
Ten employees of Victoria Jute Mill were suspended after they allegedly caused damage to equipment on the premises. But, the workers claimed that a colleague on night duty had fallen ill and were yet asked to continue working.
Cotton is an important source of raw material to the textile industry which has helped the textile industry to achieve $ 10.385 billion during the period of first nine months of this fiscal year as foreign exchange to national exchequer. The cotton shares 1.4 percent in GDP and 6.7 percent in agriculture value addition, which was cultivated on an area of 28,06,000 hectares, 2.5 percent less than last year’s area of 28,79,000 hectares. The production stood at 12.8 million bales during the period against the target of 14.1 million bales set, according to the Ministry of Textile.
The boost in Tanzanian textile sector will help attract more Chinese investors which will benefit of both countries. Chinese Vice President, Li Yuanchao during his last week’s visit to Tanzania assured there will be increased investment by his countrymen should the textile industry in Tanzania continued improved performance. Vice President, Li Yuanchao, toured the Chinese owned Tanzania Tooku Garments Co. Ltd that was established within one of the Export Processing Zones in Dar es Salaam in 2011 specializing in the research, development and production of garments.
All-Pakistan Textile Mills Association (Aptma) has drawn the attention of the Federal Minister for Textile Industry Abbas Khan Afraidi towards the duty of five percent still imposed on imports of specialized manmade fibre, such as viscose, acrylic, bamboo, lycra and slub due to which the industry is facing problems. Aptma Chairman Mohammad Yasin Siddik, in a letter to the minister, has stated that Pakistan has no plants for producing specialised manmade fibre.
