IKEA, a Swedish company registered in the Netherlands that designs and sells ready-to-assemble furniture (such as beds, chairs and desks), appliances and home accessories. In 2013, the Swedish furniture company in total used 110,000 tonnes of cotton in 2013, which uses around 0.6% of all cotton grown around the world, sourced 79,000 tonnes of cotton from more sustainable sources.
Pakistan, so far harvested around 13.1 million bales, against the initial forecast of around 13.5-14m bales by the government and private estimates. It is only 5.83 per cent higher than the corresponding period of last season (2012-13) when production stood at 12.378m bales according to official figures for the outgoing fortnight (Jan 15-31).
Cameroon's economy is highly dependent on commodity exports. The bulk of Cameroon's cotton is exported to China and Europe, while about 10% is consumed locally, according to data from the state-run corporation. Société de développement du Coton (Sodecoton) announced 210,000 tonnes as its overall production for 2013 and decrease in Cameroon’s cotton export by 7% to china in 2013.
Taiwanese textile sector growing internationally with Taipei Innovative Textile Application Show (TITAS) making a huge success, confirmed in the final report from The Taiwan Textile Federation (TTF). Sustainable textiles were a key theme of the event.
From Taiwan, leading green players in the industry such as Formosa Plastics Group and Far Eastern New Century were in attendance, along with the likes of Libolon, Fabric King, Everest, Tri Ocean, Tex-Ray, Eclat, Singtex and New Wide.
Sutlej Textiles and Industries, one of India's leading textile producers with a value-chain extending from yarns to fabrics to home textile. As part of their expansion and modernization plan would be investing Rs.175 crore in their dyed yarn unit in Jammu and Kashmir. It will add 31,000 spindles to the existing 2,60,000 spindles.
SK Khandelia, CEO and President said that they have taken a term loan of Rs.131 crore and another Rs.44 crore will be used from internal accruals for this expansion project.
Bangladesh industrial units going through a tough time due to non-availability of gas and electricity connections required to run the factory thus affecting production. Around 400 potential industrial units with an investment worth Tk 200 billion are bulk gas users, already have set up their establishments taking loans from banks but did not get gas connections yet. They could not go for production due to a lack of gas connections for the last four years.
Barefoot Fibers is one of the few suppliers of 100% luxury wool felt carrying over 90 colors, the largest color collection of any distributor of pure Merino wool fabric in the United States. At this October’s LA International Textile Show and the CHA Conference & Trade show in January, Barefoot Fibers made a huge impact on international designers and major companies. Barefoot Fibers will be back to wow again with their colorful luxury fabric at trade shows this upcoming February and May.
The federal government has initiated a mega project, Pakistan Textile City, with a vision to develop and operate Pakistan’s first state-of-the art industrial zone near seaport dedicated for the value-added textile sector. The Pakistan Textile City Limited is a public private joint venture company. In order to get maximum benefits from GSP Plus status, much-awaited investment oriented project - Pakistan Textile City – will be launched in the second quarter of this calendar year.
Cotton price remained unmoved as a result of normal export and domestic demand. Kapas or raw cotton also traded flat. About 60,000-62,000 bales of cotton arrived in Gujarat and 2 lakh bales arrived across the country.
Gujarat Sankar-6 cotton was quoted at Rs.46,600-46,700 for a candy of 356 kg. Kapas was traded at Rs.1,050-1,085 for a maund of 20 kg and gin delivery kapas stood on Rs.1,085-1,100 a maund in Rajkot.
On the National Commodity and Derivatives Exchange, kapas April contract increased by Rs.4 to Rs.980.50 a maund, with an open interest of 18,037 lots.
Lauma Fabrics is one of the leading manufacturers of lace, elastic knitted fabric and ribbons in Europe as part of its expansion plant has acquired 100% of shares in Neukirchen-based textile enterprise Elastic Textile Europe GmbH, one of the leading specialists for stretch fabrics in Europe and also acquired 51% stake in Elastic Textile Europe’s associated company Elastic&Weskott. As a result, a new limited liability company, LE Textile, has been established in Germany
