One Million Liters initiative has been launched today as part of the opening of KingPins Show in Amsterdam, which is one of the most important global events in denim. The campaign’s core mission is to raise awareness by showing how changing one part of the production or manufacturing process can speed up change towards a more sustainable textile industry.
India Ratings and Research (Fitch Group) has published the August 2019 edition of its credit news digest on India’s textile sector. The report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres, yarns, fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices. The agency expects the prices to fall further as global production is likely to be higher than demand growth.
Low-paid workers producing clothes for Lululemon in Bangladesh say they endured physical abuse and regular humiliation from their managers, according to an investigation by the Guardian. One worker said she was violently slapped for leaving work early on a day when she was sick. Others described managers calling female workers “sluts” or “prostitutes,” as well as instances of physical abuse. A male worker said men at the factory were beaten and mistreated too.
Filatex India Ltd., a manufacturer of polyester and polypropylene multifilament yarn and polyester chips, after nearly competing a ₹850 crore expansion, is now planning to foray into the home textiles segment, where margins ‘are better than in the commodity business’, a top executive said.
“We are planning to enter the fabrics business, mainly home textiles, where the margins are better. We are still finalising the plans; this business would involve an investment of around ₹100 crore,” Madhu Sudhan Bhageria, chairman and managing director, Filatex India Ltd., said in an interview.
Chomarat Group’s composite reinforcements will be featured at the KraussMaffei stand during the next K Messe in Düsseldorf. Chomarat has created a glass reinforcement adapted to the mass production of automotive parts, helping to lighten leaf springs by 60% compared to metal.
AUTOMOTIVE: PRODUCING 60% LIGHTER LEAF SPRINGS FOR CAR’S UNDERBODY
The vice-president of China’s National Textile and Apparel Council, Xu Yingxin, has said the textile industry is still one of the pillars of the Chinese economy and provides employment to more than 20 million people there.
Speaking at the Intertextile Shanghai exhibition at the end of September, Mr Xu said that, in 2018, China’s total mill fibre consumption reached 54.6 million tonnes and fibre production exceeded 50 million tonnes, accounting for more than two-thirds of global fibre production.
Cotton futures closed lower Thursday on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January delivery lost 85 yuan (12.02 U.S. dollars) to close at 12,890 yuan per tonne.
On Thursday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 292,860 lots with a turnover of 18.93 billion yuan.
As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.
Union Textiles Minister Smriti Irani on Friday affirmed that India would become 'completely self-sufficient' in silk in the next two years.
She said that in the production of silk, India is second after China.
Irani was addressing a programme organised by business chamber FICCI.
She also said that technical textiles is the future of textiles and that she was keen on taking it forward.
PG DENIM, the designer project by Paolo Gnutti, is ready for several important events scheduled for the autumn with ground-breaking interpretations and a new – increasingly green – business model. The occasion is its participation in the Blue Zone at Munich Fabric Start (Munich, 3-5 September 2019), a space which is increasingly often reserved for companies and projects with a high innovation rate in the world of denim.
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.
