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UP textile industry going through tough time

Related Keywords: Assocham, Gdp, Industrial Production, Textile Industry

Uttar Pradesh textile industry is going through hard time with low productivity, lack of advanced technologies, lack of foreign investments, supply chain bottlenecks, lack of economies of scale, labour issues and challenges emerging from a fragmented industry and weak brand positioning have emerged key reasons for non-operation of textile units.

The number of non-operating textile units in UP rose from 30 to 182 between 2000-01 and 2010-11.

Govt plan to revive defunct spinning mill through private partnership

Related Keywords: Dhenakanal spinning mill, Kalinga Cooperative Spinning Mill

The state government plan to put back into operation Kalinga Cooperative Spinning Mill at Govindpur in Dhenkanal district which is shut since 2002, through private partnership strategy, said minister for handlooms and textiles Sarojini Hembram.

Besides, the minister said that the government would be taking steps to wind up the defunct Shree Jagannath Weavers Cooperative Spinning Mill at Nuapatna, Tigiria in Cuttack district and appointed liquidator for this purpose.

ICF ardent on establishing link with African growers

Related Keywords: African cotton grower, cotton, cotton buyer in India, Indian Cotton Federation

Indian Cotton Federation is ardent to establish better trade relationship and a direct connect between the African cotton grower/ginners and the buyer in India following the meeting with three-member team from that continent, third delegation in the last couple of months in India on an exploratory trip, to understand the requirement of the industry.

Constraint on oil-export likely to ease in 2014

Related Keywords: American Petroleum Institute, crude oil export, Crude oil production U.S, crude production

With America pumping in more crude, 2014 might be the year to see ease in oil-export constraints. US had almost imposed ban on export of crude oil in the wake of the mid 1970s energy crisis.

Eco Circle embarks on polyester recycling programme

Related Keywords: eco circle programme, recyclable polyester textiles, Teijin Group

The Teijin Group, Japan-based has been operating its ECO CIRCLE recycling programme in China since 2009. Nantong Teijin, it's polyester textile manufacturing and processing company in co-operation with Onward Trading and Fuji Xerox with their ECO CIRCLE programme, is all set to incorporate the world's first technology for the chemical recycling of polyester.

Trading activity remained dull on cotton market

Related Keywords: cotton, Cotton yarn market, Ginners, Karachi Cotton Association (KCA), Spinners

Trading activity remained extremely slow on the cotton market on Thursday with hardly any worth mentioning deals were reported to have changed hands on Thursday as Ginners were reluctant to sell their stocks at current rates, whereas the spinners on their part were making every efforts to pull prices in their favour. c

Trading activity touch rock bottom, as there seems to be no relief in rising trend in phutti (seed cotton) prices and this has been the main factor behind higher price demand from ginners.

Shandong Ruyi to take over major share of Pakistan textile enterprise

Related Keywords: China textiles, Pakistan textile sector, Shandong Ruyi Group

Chinese top textile conglomerate Shandong Ruyi Group is ready to take over major share of a Pakistan’s textile enterprise Masood Textile Mills (MTM), one of the most technologically advanced enterprises next week as Pakistan gets the GSP-plus status which will allow almost 20 per cent of Pakistan exports to enter the EU market at zero tariff and 70 per cent at preferential rates.

Weekend Max Mara to include garments made with NewLife polyester yarn

Related Keywords: Garments, Itailian luxury women wear, Newlife polyester yarns, PET, POY, recycled plastic bottles, textured, Weekend Max Mara

Weekend Max Mara, Italian luxury women's wear brand, in its new year’s spring/summer collection has planned to include garments made with Newlife polyester yarns from recycled plastic bottles.

Newlife yarn is made from recycled polyester derived from post-consumer PET waste such as plastic bottles sourced and converted in Italy. The platform includes POY, flat, textured, microfibre and hollow section yarns for a range of applications including fashion and sportswear.

Rise in cotton price due to increase in demand and lessen arrivals

Related Keywords: cotton, Depreciation, Dollar, Mills, Rajkot, Rupee, Textile

The cotton prices last month saw a rise, by Rs 2,500 a candy (356 kg) due to the soaring demand from mills and exports. At the same time, restricted selling by farmers was seen as one of the reasons for inflation in cotton prices. According to industry sources, prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.

As per Arun Dalal of Arun Kumar & Co, a leading cotton trader from Ahmedabad, due to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December.

IFG acquires Exelto to expand its PP production line

Related Keywords: Exelto, IFG, Polypropylene staple fibre, PP

 The Swedish Bronsstädet Group, International Fibres Group (IFG) has increased its annual capacity of Polypropylene staple fibre to around 130,000 tons and PP filament to 10,000 tons with the acquisition of Exelto NV, a Belgian-based polypropylene staple fibre producer.
 

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