London-based designer Amy Rainbow Winters in a Fashion Ware area at the Consumer Electronics Show here on Wednesday displayed a costume she made of fabric with fibre optics woven in and sensors in the sleeves. Light travelled through the cloth, which glowed blue. With a touch of a sleeve, the colour changed.
Li Peng Enterprise Co and Zig Sheng Industrial Co - Nylon makers, saw an increase in their revenue growth as downstream companies increased their procurement amid expectations of future price increases. The revenue growth posted 3.6 percent and 6.31 percent respectively for last quarter.
Last quarter, Li Peng, the nation’s largest nylon maker, posted revenue of NT$6.73 billion (US$22.38 million), up from NT$6.5 billion the previous quarter, according to a company filing to the Taiwan Stock Exchange.
Cabinet Committee on Economic Affairs (CCEA) cleared the proposal on hiking minimum support price(MSP) of jute. Government has hiked the minimum support price (MSP) of jute by Rs 100 to Rs 2,400 per quintal for 2014-15 season. The hike in MSP is expected to prompt farmers to increase investment in jute cultivation and boost production.
Jute MSP of TD-5 variety has been increased by Rs 100 per quintal, Finance Minister P Chidambaram told reporters after the CCEA meeting.
The world's first comprehensive commercial spider-silk production facilities to be developed in Vietnam with Kraig Biocraft Laboratories partnering with University of Wyoming and the University of Notre Dame to genetically engineer silkworms to produce spider silk, expects to sign and announce a landmark spider silk production agreement with the country of Vietnam.
North Island wool value has come into line with South Island level with 12,500 bales on offer this week. There was a 93 percent clearance rate compared to the last sale on 19th December the currency indicator firmed by 0.45 percent having minimal impact on the market.
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson advises that the first sale after the Christmas break was well supported assisted by the cancellation of the rostered South Island sale and limited anticipated volumes available next week.
Pakistans textile sector is going through speculations these days with a lot of hearsay has been circulating in the market for the last couple of weeks, about foreign buyers vying for numerous textile operations in the country and with the rumors mill working overtime. But, the news that is creating the most buzz this week is a Chinese investor attempting to woo one of the largest composite milling operations in the country.
The Advisory Committee on Handloom Reservation Act had put forward recommendation to amend the definition of handloom before the textile ministry. The Textile Ministry on Thursday said that the existing definition of ‘handloom’ to be retained.
It clarified that no change is contemplated after a panel set up for the purpose recommended. ‘Handloom’ which has been defined as 'any loom other than power loom' under the Handlooms (Reservation of Articles for Production) Act, 1985.
The sari industry in Tangail pushed into deep trouble due to the prevailing political crisis has forced factory owners to shut down many handlooms, leaving thousands of weavers jobless. The industry in the district has around 75,000 handlooms and employs over 2 lakh weavers.
Raghunath Basak, president of the Tangail Sari Association and a weaver at Pathrail urges the government to resolve the political crisis to save the traditional sari industry.
SINO Zimbabwe Cotton Holdings expects an increase in seed production now with the US$17 million ginning and spinning plant having officially opened and functional in December last year. The plant has two sections namely the ginnery and the spinning where an increase in seed production is certain.
Cotton prices saw an upward trend due to short phutti (seed cotton) supply and ginners demanding higher rates on Wednesday. Trading activity continued to remain dull and listless as spinners reluctant to pay higher prices.
Another reason which pushed cotton prices up was a large participation of Pakistani textile sector in Heimtexil fair being held from Jan 8 to 11 in Frankfurt, Germany.
They added that the expectations that 226 companies from Pakistan displaying their textile products in the fair could get large export orders are presently inducing sentiment.
