News Tags

Related Keywords: cotton price, cotton production, world cotton industry

World cotton production exceeds consumption; this trend is observed over the seasons with a slight twist. In 2010/11, world production exceeded consumption and this trend has continued into this season, though declining production and a slight rise in consumption is closing the gap. In 2013/14, world production is forecast at 25.7 million tons, a decrease of 4% from 2012/13 and 8% from peak production of 28 million tons in 2011/12. This is due principally to lower yields and less area planted with cotton.

Related Keywords: Indorama, PHP Fibers, polyester, Toyobo

Thailand-based Indorama Ventures Public Co. Ltd. (IVL) a global producer of polyester precursors, fiber, yarn and components has decided to take over 80 percent of Germany-based PHP Fibers GmbH and the remaining 20 percent of the PHP will be owned by Japan-based Toyobo Co. Ltd. a global manufacturer of high-performance automotive and other industrial products.

Germany-based PHP Fibers GmbH is a global producer of polyamide 6,6 yarn for applications including airbags and tires, and of polyester industrial yarn.

Lenzing AG, an Austria-based cellulosic fiber producer’s R&D projects and investment for the production of new TENCEL fiber products is co-financed by European Investment Bank (EIB) for which they have received a 100 million-euro loan from EIB. Lenzing, which specialises in the industrial manufacture of cellulose fibres, is implementing a multi-annual development programme for new, high-quality TENCEL® product. It will build and bring new research facilities and pilot plants on-line and implement innovations in production processes, primarily at its Tencel site in Austria.

Related Keywords: Akosombo Textiles, Ghana textile industry, pirated textile

Textile industries in Ghana deteriorate due to influx of pirated textile designs into the country. Akosombo Textiles Limited (ATL) one of the leading fabric companies in the country is on the verge of breaking down, their business has gone down by about 75 percent since 2009, costing the company millions of Ghana cedis. It has affected their cash flow and ability to operate properly. There are people complaining that they don’t supply the market. This is because they are short of working capital.

Related Keywords: handloom sector, Kannur weavers, subsidy

Kannur weavers upset as no action taken by the government towards the handloom sector to clear the subsidy. Though finance minister K M Mani announced Rs 7 crore for clearing the handloom rebate in the budget for 2014-15, taking into consideration the huge backlog that is due to the weavers, this is practically nothing. It will only deepen the crisis in the handloom sector, said Weavers' Cooperative Societies' Association leaders addressing a press meet on Wednesday.

Related Keywords: Competition Commission of India, jute bag, Jute Industry

The Indian Sugar Mills Association, All India Flat Tape Manufacturers Association and National Federation of Co-operative Sugar Factories had petitioned the Commission against the Indian Jute Mills Association (IJMA) and Gunny Trades Association (GTA), alleging rigging of jute bag prices on August 2 2011. The Competition Commission of India (CCI) has indicted the jute industry for monopolizing and manipulating prices of jute bags unjustifiably.

Related Keywords: Italian silk scarf, Vasi Moda

VASI Moda, the International Fashion House that offers exquisite fashion and elegant accessories, to feature at their Premier Collection., luxurious silk scarf line including the Signature VASI and the “B” Square. The line is available for purchase exclusively on e-boutique vasimoda.com.

Related Keywords: Chinese textile factory, global brands, Italian textile

Italian textiles are attractive to Chinese interests not only because of the quality, but also because of a highly efficient labor force. But the new trend is now emerging that threatens their position: Chinese brands made in Italy. The cities of Haining and Dongguan have been hubs for international contract manufacturing and the "global brands made in China" era.

Related Keywords: Thailand textile export, Thailand textile institue

The Thailand textile export performed well as it possessed competent textile production technology that enabled to fulfill demands from new ASEAN markets as well as recovering markets in China, Europe and the U.S.

Thailand textile export sector sees bright prospects in 2014 year with the bringing in of advanced textile production technology, according to the Thailand Textile Institute (THTI).

Related Keywords: Textile industry of Asia, textile worker

Efforts being made to improve textile industry as textile workers across South Asia are badly paid. According to recent media report in The Washington Post, a prominent US daily newspaper, Cambodian textile workers receive lower wages than those in India. Indian textile workers receive the second lowest wages in the world, despite India being one of the world's leading textile-exporting countries, followed Pakistan, Sri Lanka, China and Thailand.