Coir Kerala has today made its way into an annual trade fair, facilitating not just buyer-seller interactions, but acting as a platform to showcase the newest products and latest technologies and machinery to drive up production and exports. The fourth edition of the world’s biggest trade event on coir and natural fibers will begin in Kerala’s Alappuzha town on Saturday.
Itochu Corp, a Japanese trading house who owned 3.5 percent equity stake in Indo Rama Synthetics, polyester manufactured decided to exit the company by selling off its entire equity stake in the company to the promoters, the Lohia family. The deal was for around Rs 8 crore or $1.25 million via bulk deals on the BSE.
As on December 31, 2013, the promoters of Indo Rama Synthetics owned 64.13 per cent stake in the company which has now hiked it to 67.6 per cent.
National Handloom Expo at Bhubaneswar, which is jointly organized by the government of India and the state-owned Boyanika, to promoting handloom products from different parts of the country, featured a fashion show organized by the National Institute of Fashion Technology (NIFT) and Boyanika.
Cotton prices have seen an increase by 10% in just about a month over buoyant market outlook. The uptrend in the prices of fibre crop is supported with good export orders as well as strong demand for domestic consumption with farmers releasing the cotton in a staggered manner, who are holding on to the crop expecting the prices to move up further.
Pakistan cotton market trading witnessed dullness as prices remained high but ginners were reluctant to sell their depleted stocks at current rates in anticipation that prices would further rise due to lower-than-expected cotton crop for 2013-14 season.
The sudden dip in phutti arrivals during third picking shocked all the stakeholders who were expecting larger cotton crop over last season (2012-13).
Floor brokers said that as the phutti arrivals have slowed down, the unsold stocks with ginners are also depleting fast because no fresh stocks are being built up.
A group led by Taiwan's USI Corp. is planning to build naphtha crackers at a petrochemical complex partly owned by China Petrochemical Corp. in the Gulei Petrochemical Zone in Zhangzhou city, located in China's eastern Fujian province for which Taiwan's government on Monday gave its approval
The naphtha crackers at a petrochemical complex in China will be build with an investment of US$263.6 million. The crackers are expected to produce ethylene and propylene. This is the first approval since lifting a ban on investments in China's downstream petrochemical industry in early October.
Arkema, French company announced its partnership with Jurong Chemical, China’s biggest manufacturer of acrylic acid, named Sunke. It represents a new milestone in Arkema’s growth strategy and the achievement of its 2016 targets, in particular by strengthening the Group’s position in high growth countries.
The government partly rolling back its decisions taken in September last year, has restored benefits on cotton yarn shipments under the Incremental Export Incentivisation Scheme (IEIS) for the current fiscal, according to a notification by the directorate general of foreign trade (DGFT).
With this decision, mills would continue to get a 2% export incentive on the incremental value of cotton yarn shipments, compared with last year. The move will help textile mills as cotton yarn exports are expected to rise 25% in 2013-14 from last year's level of about 1,100 million kg.
DuPont at the 10th edition of PCD(Packaging of Perfume, Cosmetics & Design) taking place on February 5&6 2014 at the Espace Champerret, Paris will be particularly highlighting the “DuPont Surlyn 3D textile” technology. It involves the overmoulding of a container wrapped in textile with Surlyn resin.
This unique encapsulation process allows going beyond and protect the ornamental textile which perfectly resists, without altering, to the injection moulding process - even the most fragile materials such as lace, claims DuPont.
Indian state Punjab and Haryana facing major challenges in the textile sector which has arise due to non-functioning of many textile factories, causing job loss, primarily due to low productivity, lack of foreign investments and labour issues during 2000-01 and 2010-11, according to a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham).
Clocking a compounded annual growth rate (CAGR) of about 35 per cent, the number of non-operating textiles units in Punjab grew from 11 to 227 units between 2000-01 and 2010-11, said a study
