News Tags

Related Keywords: FICCI, National Textiles Policy, Textile Industry, textile industry reforms

India set to boost its textile & clothing industry and raise its share in world export as which Industry body FICCI has recommended some measures like labour reforms and keeping textile industry under the lowest slab of GST.

These recommendations have been submitted to National Manufacturing Competitiveness Council Member Secretary Ajay Shankar, who is also the Chairman of Expert Group on National Textiles Policy constituted by Government of India.

Related Keywords: China, cotton, planting acreage, USDA report

China, the world’s largest producer of the fiber decision to reduce planting acreage by nearly 9% in 2014 as resulted in sharp rise of cotton futures in early trade Tuesday.

Cotton for March delivery rose 1 cent, or 1.2%, to 84.67 cents a pound. Futures had risen as much as 1.7% in overnight trading.

The China Cotton Association said that plantings would decline to an estimated 4.2 million hectares for the third year in a row. Sharon Johnson, a senior cotton specialist at KCG Futures in Atlanta, said that the resulting yields from China could reach their lowest level since 2005.

Related Keywords: compact spinning system, Lakshmi Machine Works, M. Sankar

With customers’ needs becoming more explicit on yarn quality requirements to meet the end-users’ demands. Lakshmi Machine Works (LMW) Textile machinery manufacturing major has introduced a compact spinning system which can improve the efficiency of loom by 10 per cent.

The new compact spinning system helps compacting or condensing minimises the width and height of the spinning triangle. Fibres align more uniformly with less hairiness and uniform twist flows.

Related Keywords: Andhra Pradesh, Boost, Famed, Sales, Silk Expo, Silk Mark Organisation of India, South Indian Silk, Visakhapatnam

The Silk Mark Organisation of India to boost the sales of the famed and traditional South Indian silk is holding silk expo. The expo is also aimed at benefiting the weavers. The exhibition is expected to showcase the entire range of pure silk fabric from remote weaving clusters of India under one roof, which will have 64 participants from over 17 states across the country.

Related Keywords: exports, international market, textile and garment industry, Vietnam Textile and Apparel Association

Vietnam Textile and Apparel Association (VITAS') deputy chairman, Le Tien Truong, said that an improving global economy will be favourable for Vietnam, in general, and the local textile and garment industry, in particular, because the county will be able to boost its level of exports to the international markets.

Moreover, the global economic forecasts by the World Bank and the International Monetary Fund says that the world economy's outlook is expected to improve in 2014, as large economies, such as the US, the EU, Japan and South Korea, have seen recovery.

Related Keywords: cellulosic textile fibres, cotton, Finnish wood, textile production technique, viscose

Researchers at Aalto University and the University of Helsinki are working out spinning process to produce cellulosic textile fibres from Finnish wood – as an next better alternative to cotton, viscose or Tencel fibres.

Related Keywords: cotton bales, cotton price, local market

Cotton arrival in the Pakistan local markets recorded an increased by 9.36 per cent as compared to the same period of last year. About 12.67 million cotton bales arrived in local market.

Related Keywords: China, top importer, Turkey, US cotton

Turkey coming out as top importer of US cotton, as Turkey’s interest in exported cotton has increased due to a revival of its textile industry, which is increasing due to sales to Europe, as well as the fact the country is expected to grow fewer bales this year due to lower plantings. Also as Chinese buyers have lowered their import of raw cotton for lower-taxed yarn.

Turkey emerges as the number one customer for raw cotton exported from the United States, overtaking China.

Related Keywords: Luthai Textile, US market, western markets

China’s largest high-grade dyed fabric producer and shirt manufacturer in the world,Luthai Textile CO., has taken a step forward to strengthen its existing relations and grow its global business. Luthai currently operates offices in ShanDong, Shanghai, and Hong Kong and recently opened a design center in Milan.

Related Keywords: fine wool, market reopens, wool, wool price

Wool prices to see slow and steady upward trend in the year 2014 with the market reopens today. The eastern market indicator was at 1134 cents when the market closed for a three-week break in December.

According to Andrew Partridge, from Fox and Lillie, the wool prices will steadily increase throughout the year with medium wool types making the biggest gains.

An average of 1100-1150 will perhaps be a pretty good, he said.

(The) 21 microns will almost certainly eye $13 but he thinks around that $12.50 mark, everyone should be reasonably happy.