News Tags

Related Keywords: apparel sector, CII, credit linkage, direct marketing, draft action plan, dyeing sector, policy for manmade fibres, polyester, powerloom weavers, Sripuram Trust, Textile bank, textile park projects, Tirupur textile sector

In response to its draft action plan for apparels sector brought out by the Union Ministry suggestions the CII (Tirupur district council), and Sripuram Trust (a body of textile sector representatives) has put up proposal for creation of a ‘Textile Bank,’ a separate policy for manmade fibres and polyester, a processing zone for dyeing sector, and direct marketing facilities for power loom weavers.

Related Keywords: asian nylon, cotton price, decline, European synthetic fiber, fashion, global synthetic fiber, polyester, price, spandex prices, synthetic fiber, textile product.

In Asia, the world’s largest fiber-producing region, the prices of synthetic fiber witnessed decline by 2.5% in the month July compared to the same month last year after rising during a few weeks in June. Though an improvement compared to June’s 4 percent drop, there is no indication that demand has return to normal in Asia.
 
However, in China rationalization of polyester supply has kept prices from dropping further. Polyester prices are being pressured by falling cotton prices and a lack of strength in mill demand.
 

Related Keywords: Alpek, BASF, business units, caprolactam, joint venture, Polioles, polyester, Purified terephthalic acid

BASF SE German giant and Alpek SAB de CV, the petrochemicals arm of Mexican conglomerate Alfa Group have entered into an agreement that changes the business units of their 50-50 Polioles SA de CV, joint venture in Mexico.
 
Polioles S.A. de C.V. is a petrochemical company that manufactures and markets a range of chemical products. It has five business units: chemical specialties, estyropor, polyurethane, industrial chemicals and PUR's, as well as two plants located in Altamira and Lerma. It is a subsidiary of "Alfa Group" and "BASF AG".

Related Keywords: cotton, export, Nepal readymade garment, other yarn, polyester, Woolen and Pashmina shawl, yarn export

Nepal’s readymade garments is one of the largest export sectors in terms of foreign exchange earnings apart from providing employment opportunities was almost on the verge of collapse but has changed in recent months. Nepal’s RGM sector has shown a sharp increase in its exports as peace and political stability have convinced foreign buyers to return, and demand from abroad has instilled confidence in garment entrepreneurs.

Related Keywords: Alpek SAB, polyester, polyethylene

Alpek SAB (ALPEKA), the petrochemicals arm of Mexican conglomerate Alfa, engages in the production of polyethylene and polypropylene. Its main products include PAT, PET, polypropylene, expandable polyethylene, and polyester fiber. The company has 20 facilities with an installed capacity of 5.8Mt/y in three countries: Argentina, the US and Mexico, its revenue dropped the most on record after missing earnings estimates on weaker-than-expected margins on polyester, its biggest product.

Related Keywords: Indorama, PHP Fibers, polyester, Toyobo

Thailand-based Indorama Ventures Public Co. Ltd. (IVL) a global producer of polyester precursors, fiber, yarn and components has decided to take over 80 percent of Germany-based PHP Fibers GmbH and the remaining 20 percent of the PHP will be owned by Japan-based Toyobo Co. Ltd. a global manufacturer of high-performance automotive and other industrial products.

Germany-based PHP Fibers GmbH is a global producer of polyamide 6,6 yarn for applications including airbags and tires, and of polyester industrial yarn.

Related Keywords: cotton, Newway, non-woven bags, polyester

Neway is a Chinese enterprise originally equipment manufacturer (OEM) of several renowned global brands is now engaged in manufacturing, supplying and exporting promotional bags, shopping bags, eco-friendly bags and other kinds. Its production setup is efficient to produce cotton bag, cooler bag, OPP film bag and polyester bag apart from regular and laser nonwoven bag. The company accepts custom-design orders and supplies free model to clients and prospective customers for approval. Designing and manufacturing at the company fits within target-price whenever imposed by customers.