A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.
Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency translation impacts, that was up 7.6% over the prior year, according to a press release.
Thirty-two leading global fashion and textile companies gathered ahead of the 45th G7 meeting to sign the Fashion Pact as environmental protection and sustainable development has become one of the most critical topics of global development. They have committed to achieving practical objectives together in three areas: Climate, Biodiversity, and Oceans, aiming to reduce the environmental impact of the fashion and textile industry.
Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that Advance Denim Co Ltd (“Advance Denim”) will be the first Chinese denim manufacturer to offer a collection made with Archroma’s aniline-free* Denisol® Pure Indigo.
Established in 1987, Advance Denim is the oldest denim mill in China. The company has its own innovative research and development, manufacturing and sales teams, including a 120,000 square meter manufacturing facility in Shunde, China, and well as offices in Hong Kong, Shanghai, Amsterdam and New York.
Intertextile Shanghai Home Textiles marks its 25th anniversary with an increase in exhibitors.
Covering seven halls at the National Exhibition and Convention Center, around 1,150 exhibitors from 27 countries and regions will display their latest products and technologies for the home and contract textiles sectors. The 2018 expo hosted 1,091 exhibitors as well as 39,730 trade buyers from 104 countries and regions.
A giant production site broke ground on Monday in east China's Shandong Province, with an annual production capacity of 1 million tonnes of new nylon materials.
With a total investment of around 20 billion yuan (around 2.83 billion U.S. dollars), the site covers an area about 200 hectares in the city of Zibo.
It will also have an annual production capacity of 500,000 tonnes of hexanediamine, 500,000 tonnes of adiponitrile and 500,000 tonnes of acrylonitrile.
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.
The American Apparel and Footwear Association (AAFA) has said the US government’s decision to delay until December 15 the imposition of 10% tariffs on some imports from China will be of little help to its member companies or to US consumers.
In its announcements about this, the government claimed to have removed some products from the tariff list altogether for reasons including national security, but also including health and safety. Nevertheless, AAFA pointed out, products such as allergy-resistant bedding and protective footwear remain on the list.
Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said.
Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.
Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.
