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Related Keywords: Bangladesh Jute Mills Corporation, both at the domestic and global markets, composite jute textile plant, denim fabrics will be made by mixing jute and cotton, Home textiles will also be produced, make fabrics, meet rising demand, particularly denim, plans to establish

Bangladesh Jute Mills Corporation (BJMC) plans to establish a composite jute textile plant to make fabrics, particularly denim which will involve investment to the tune of Tk569 crore. The denim fabrics will be made by mixing jute and cotton to meet the rising demand, both at the domestic and global markets.

The state-run corporation has already received the approval from the project evaluation committee of the planning ministry. The project is now awaiting the final approval from the Executive Committee of the National Economic Council.

Related Keywords: amid improved exports, continued to book big lot deals, cotton prices hit to a seasonal high, deals in Sindh variety cotton were transpired, for new crop, KCA, local market remained highly volatile, meet rising demand, Pakistan cotton market, panicked spinners, slow arrivals of phutti, spot rate

As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.

The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.

Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.

Related Keywords: domestic output is insignificant, from textile industry, from the previous year, increase of about nineteen percent, meet rising demand, second biggest cash earner, the worlds fifth largest garment exporter, Vietnam, Vietnam Cotton and Spinning Association, will import 1.2 million tonnes of cotton this year

Vietnam, the world's fifth largest garment exporter, will import 1.2 million tonnes of cotton this year, which represents an increase of about 19 percent from the previous year 2015, an industry official said on Wednesday.

Vice Chairman Nguyen Son of the Vietnam Cotton and Spinning Association said that most of the imported cotton will come from the United States, which has been Vietnam's top supplier of the raw material, followed by India, Brazil and Australia.

The move is aimed to meet rising demand from its textile industry while domestic output is insignificant.

Related Keywords: fabric finishing, increase manufacturing capacity, meet rising demand, textile company, warping, weaving, wool based products, Wooltex UK

Longwood based textile company Wooltex UK to extend its premises to meet rising demand. The move, which is awaiting planning approval, will add 40,000sq ft to its existing 65,000sq ft of space that will create more space for additional machinery and increase manufacturing capacity in the areas of warping, weaving, fabric finishing and sample making.