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INVISTA begins work at its new nylon 6,6 polymer projects in China
On March 26 INVISTA broke ground for hexamethylene diamine (HMD) and nylon 6,6 polymer plants at the Shanghai Chemical Industry Park (SCIP) in China. These facilities are a part of INVISTA’s
Pakistan registers 15pc growth in textile exports despite power issues
Textile exports in Pakistan have registered a growth of 14.54 percent in terms of value during February 2014, stated S M Tanveer Chairman APTMA Punjab. The growth was majorly led by impressive
Yarn producers in Pakistan urge government to help avert crisis
Yarn spinners in Punjab region are headed for another crisis which can force them to stop production or to close down factories to avoid losses. A mix of domestic and regional factors has been
Spun yarn export growth falls in February, China imports lesser
Spun yarn exports were unable to maintain its strength seen in January as they grew just 3.7 per cent in February as against 21 per cent clocked in the previous month. About 117 million kg of spun
Polyester filament capacity in China exceeds world’s mill demand
According the latest publication of PCI Fibres "Green Book", China's polyester filament capacity in is now more than global mill demand, which implies that the imbalance will continue for another 10
Viscose extends the downtrend, prices yet to bottom out
Bearish end-use sentiment has been casting dark clouds over the entire chemical fiber industry in recent times and prices of most textile inputs have hit an 11-year low. Viscose industry is no
Nylon textile value chain stable but may see prices dropping soon
Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US.
Arvind Brands takes over Calvin Klein’s India business
Arvind Brands and Retail Ltd has bought over Murjani Group’s stake in Calvin Klein Inc’s India business for Rs 88 crore. The unit of Arvind Ltd, has entered into a joint venture (JV)
Policy change China to cut sale price for cotton from its strategic reserve
From 1 April, the Chinese government will accept bids as low as 17,250 Yuan a ton for standard-quality cotton in its daily auction. This will be 4.2 percent below the current floor price of 18,000
Rupee strengthening against Yuan may hit Indian textile exports
Export of textiles and other goods may be adversely affected if the Chinese currency Yuan continues to depreciate. Year to date, the Yuan has fallen 4.9 per cent against the INR and is predicted to
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