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Related Keywords: bales of cotton, competition in the international market, cotton, High quality raw material, impact of rupee depreciation on the textile industry, imported by brands, national exports, Textile, textile exports, textile group, textile producers

All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

Related Keywords: buyers made forward deals, consolidated their long positions, cotton bales, focus remained on fine lint, ginning units, Karachi Cotton Association, Mills, monthe period, Pakistan lint market, quality lint, range bound trading activity, slightly higher prices, spot rate, textile group, trading session, unchanged

At the lint market focus remained on fine lint keep trading activity range-bound, and the Karachi Cotton Association (KCA) spot rate remained unchanged at Rs5,3000 per maund. During the trading session, buyers made forward deals for quality lint for a month period on slightly higher prices at around Rs 5,650 per maund, said floor brokers. Around 300 bales changed hands.

Related Keywords: attractive on seashore, disposable beach wear fabrics, exported around the world, fabric exporter, gaining popularity, low cost fabric, no need to re-use them, Southern Gujarat Chamber of Commerce and Industry, Surat MMF hub, textile group, use-and-throw printed fabrics manufactured

Surat, the biggest man-made fabric (MMF) hub, with the daily production pegged at 3.5 crore meters contributes 40 percent of the country’s man-made fabric demand after saris and dress materials is gaining popularity for its disposable beach wear fabrics.

The fabrics are made from second quality yarn and are available on dirt cheap prices of less than Rs 20 per meter. A wearer can dump the clothes and there is no need to re-use them. Around 40 lakh meters of low-cost fabric is manufactured per day for beach wear. The beach fabric turnover
per annum is pegged at Rs 700 crore.

Related Keywords: dyeing, knitting, manufacturing facility, private equity player, processing, Richa Industries, sell textile business, special finishing of fabrics, textile group, textile manufacturer

Richa Industries, a Delhi-based mid-sized textile manufacturer engaged in manufacturing of knitting, processing, dyeing & special finishing of fabrics. It has textile manufacturing units based in Gurgaon and Faridabad in the state of Haryana with sales of Rs 300 crore plans to sell its business for around Rs.150 crore for which it is in talks with a clutch of private equity players and a Kolkata-based textile group.
 

Related Keywords: Coteminas, textile group, Turkey market

Coteminas S.A., the biggest vertically integrated textile group in Brazil, Latin America sees Turkey as an ideal location for investment due to its large domestic market and export potential. Coteminas, with a cutting edge technology in each of its twenty two factories, it produces threads, fabrics, knits, bed linen towels, t-shirts, socks, and bathrobes, all of premium quality and at highly competitive prices, thereby meeting the requirements of the domestic and export markets most demanding customers. It is also responsible for approximately 20% of Brazil’s cotton consumption.