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Related Keywords: duty drawback, Textile exporter

Textile exporters being deferred from timely release of duty drawback amounts. The Drawback claims which in fact should be released in two weeks after exports are pending since September 2013 from all the major ports, due to the delay in releasing DBK amount the exporter are going to tight cash flow situation, as the textiles industry by and large operates between 3 to 5% net profit.

Any delay in getting the drawback amounts, textiles exporters have to going through financial intricacy whereby affecting at hand exports.

Related Keywords: Martex Fiber, textile waste

Martex Fiber, a Charlotte based textile waste trading company since its founding in 1970 has been innovating in the field of textile. Martex Fiber, as part of its expansion plan took up to increase it Spartanburg’s plant capacity by over 20 percent which has been completed.

Spartanburg Fiber Division plant expansion involved installation of a fiber reclamation line that will produce additional value-added fibers for use in automotive, upholstery and yarn applications.

Related Keywords: Patagonia, Terus system, textile processing

Patagonia, Inc. is a Ventura, California-based clothing company is a designer of outdoor clothing and gear retailer has made a tactical investment through its $20 Million & Change fund in Denver-based CO2Nexus Inc.’s TERSUS® textile and garment processing system, which uses liquid carbon dioxide (CO2) instead of water to clean, purify and coat textiles.

Related Keywords: clothing export, Pakistan textile export, raw cotton

Pakistan textile and clothing export has touched $10.384 billion in the first nine months of the current fiscal year (July-March period), a growth of seven percent over the corresponding period last year as per Pakistan Bureau of Statistics. The increased growth was seen mainly due to rise in export of raw cotton and low value-added products. Raw cotton export witnessed an extensive growth of 43.48percent.

Related Keywords: Bt cotton, Tanzanian cotton industry

Tanzania has turned be become a net clothing importer with most of the clothing coming from the United States, European Union, China and India, after the break down of its textile industries in late 1980s and later on in 1990s with privatization. Cotton in Tanzania is a sector which has huge potential thus UK trying to push use of Bt cotton to increase the output.

Related Keywords: Pakistan cotton market

Trading activity failed to pick up even after the government's move to withdraw five percent duty exemption on import of cotton yarn. Cotton trade remained low at the local markets which were against the trader’s expectation as they hoped to see to boost after imposition duty on import of cotton yarn.

Related Keywords: cotton yarn import, ECC, Pakistan textile industry, textile export

The Economic Coordination Committee (ECC) of the Cabinet, which met under the Chairmanship of the Federal Minister for Finance Mohammad Ishaq Dar last week, has decided to withdraw SRO 15(I)/2010, which exempted cotton yarn import from custom duty of 5 percent, in order to check import of cotton yarn.

The value added textile, which contributes around 80 percent to Pakistan’s overall textile exports, has expressed disappointment on the withdrawal of the duty exemption on cotton yarn import as it would negatively affect the export of value-added textiles from Pakistan.

Related Keywords: China, polyester plant, Teijin Group

Teijin Group, first Japanese company to establish polyester plant Nantong Teijin Co. Ltd., way back in March 1994 which handles the weaving and dyeing of recyclable polyester textiles and the manufacture and processing of polyester textiles. The plant has completed 20 years of success in China.

With the establishment of Nantong Teijin, Teijin Group became the first Japanese to operate in the Nantong Economic & Technological Development Zone.

Related Keywords: cotton yarn export, Indian textile industry

In response to the increasing demand from China for both cotton and yarn over the past three years, many cotton yarn spinning mills in India increased their production capacities to meet the rising demand, are facing tough challenge today as change in Chinese policy hits India’s cotton exports.

After witnessing a remarkable rise in yarn exports in 2013 over 2012, from 77 million kg of yarn export to 1,107 mn kg and anticipating a consistently high demand from China, the spinning mills in India have added a combined 500,000 spindles in the past five years.

Related Keywords: Machine made carpet, Turkey carpet export

Machine made carpet exports from Turkey on rise, in the first quarter of 2014 its carpet exports has exceed US$0.5 billion. According to the Istanbul Textile and Apparel Exporter Association ((ITKIB), machine made carpet exports has increased by 9.9 percent to $546 million in first quarter of 2014 in comparison to $497 million in the same period last year.

At present, Turkey stands to be the second largest carpet exporter with $2.2 billion worth of exports beside China’s all time record of $2.4 billion of carpet exports annually, short by 1.09 percent.