Chinese investors are pouring money into Vietnam’s two main business fields – textile & garments and real estate. A report of the Foreign Investment Agency showed a “high jump” of the Chinese foreign direct investment (FDI) in Vietnam with the total registered FDI capital reaching $2.3 billion in 2013, much higher than the $345 million in 2012.
Cotton output in China which is due to start in a few months is predicted to decline 8 per cent on last season’s crop. The total production in the country is predicted to decline further still in 2014-15, to 3.9 million ha.
However, the Communist-ruled Asian nation will still dominate the global market at a total of 4.6 million ha, according to the International Cotton Advisory Committee.
World stocks are projected to reach 20 million tons at the end of the current northern hemisphere season, of which 56 per cent will be held in China.
The All Pakistan Textile Mills Association (APTMA), has claimed that energy supply to textile industry has resulted in 21 percent increase to $215 million in December to December period and now APTMA is hopeful to achieve $3 billion exports out of the capacity, which was earlier closed.
Aptma’s zonal chairman SM Tanveer said on Wednesday that increased supply of electricity and gas to the industry in Punjab had resulted in growth of textile and clothing exports.
SAERTEX USA LLC (Huntersville, N.C., USA), weaving and fabrics specialist will produce 3D orthogonal fabrics at high speed with zero crimp in the warp and weft fibers, using recently acquired weaving equipment, as compared to woven multilayer fabrics using 2-D machines or 3-D interlock fabrics (e.g., angle interlock). The result is improved composite properties. This technology also reduces fiber abrasion during manufacture and allows for a broad variation in z-direction fiber content, offering optimized 3-D fabric architecture for specific applications.
Cotton stockpiling by China, the world's top cotton buyer is a driver of global prices. China's state cotton stockpile reached 5.5 million tonnes by the end of last week, after the country bought 227,700 tonnes of domestic fibre in its smallest weekly purchase since the middle of October, official statistics showed on Monday.
China's buying for state reserves, now in its third year, influences import demand as it leaves little available for domestic sale and pushes up local prices.
Polartec, LLC is a premium provider of innovative textile solutions has introduced Polartec Power Wool; a new fabric designed as a next-to-skin fabric to keep the wearer dry and comfortable. Polartec Power Wool delivers an engineered mix of fibres perfectly placing wool and synthetic yarns to achieve fabric performance much greater than the sum of the parts, while solving some of the problems of pure wool garments.
Polartec’s new fabric collection that optimizes the natural performance of wool with synthetic fibres in patented constructions that it says, only they can deliver.
Indian Cotton exporters who had entered into forward supply contracts with buyers mainly from China for December and January in the range of Rs 38,500-41,000 per candy had to settling them at a loss as when they actually entered market to procure cotton to fulfill that orders. As cotton price has gone up nearly by 10% in last one and half month to Rs 43,000 per candy.
The cotton price had increased to over Rs 43,000 per candy in major markets like Gujarat and at this price level export was not viable as global cotton price was down.
The Nigerian Federal Ministry of Agriculture and Rural Development urged to empower cotton farmers the way it did cassava and rice farmers so that the crop would get a boost.
Pankaj Chawla, Regional Manager, West Africa Cotton Company (WACOT) said that until the end of the value chain was fixed, the crop might take a long way to achieve its value. Cassava farmers are getting their returns because the end of the value chain has been fixed.
Sarla Performance Fibers, based in Mumbai, India, under the name SarlaFlex Inc. to redevelop a manufacturing facility in rural South Carolina into the company's first U.S. based yarn and thread plant has secured $13 million in New Markets Tax Credit (NMTC) allocation from Los Angeles-based National New Markets Fund, LLC (NNMF). U.S. Bank serves as the tax credit investor, capitalizing the allocation.
SarlaFlex Inc began installing equipment and rehabilitating the facility in early 2013 . The first phase of the new plant is expected to be fully operational in the first quarter of 2014.
Textile mills have increased yarn prices by Rs 5 per kg for all counts from January 20. Garment manufacturers say that mills are planning to hike it further from the beginning of next month. The Tirupur Exporters' Association (TEA) has urged textile mills to rollback the increase in yarn prices. Mills however defended the move citing high cotton prices.
