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Chinese group acquired one fourth of Masood Textiles total shareholding
Shanghai Challenge Textile Company, a Chinese company purchased 14.6 million shares of Faisalabad-based company Masood Textile Mills, which constitutes 24.3% shares roughly one fourth of the total
Bilateral trade between Vietnam and Italy to open a new opportunities
Italy is Vietnam's eighteenth largest export market and fifteenth largest import market. Vietnam’s export to Italy has surged by 18.2 percent reaching US$2.5 billion, while its imports from
Bilateral trade between Vietnam and Italy to open a new opportunities
Italy is Vietnam's eighteenth largest export market and fifteenth largest import market. Vietnam’s export to Italy has surged by 18.2 percent reaching US$2.5 billion, while its imports from
Delay in disbursement of TUF subsidy choking the mill sector
The Textile ndustry seeks immediate government intervention as the inordinate delay in disbursement of TUF subsidy is impacting the working capital requirements of the respective units. Technology
Textile Park at Padalur likely to be operational soon
The Perambalur district administration is in the process of handing over 40.35 hectares of land for Textile Park coming up on Tiruchi-Chennai National Highway at Padalur to the State Industries
Russian nonwovens and technical textiles faces biggest decline in demand
The Russian nonwovens and technical textiles industries volume of production during the period January-October has declined by about 15 percent compared to the same period last year, due to the
Sourcing pattern not been affected by shift in production base in China
Manufacturing has been shifting away from the more expensive southern China to Southeast and South Asian countries such as Vietnam and Bangladesh. The shift is being led by textiles which may have
Four Bangladeshi RMG companies joined the partnership for sustainable textile
Hans-Joachim Fuchtel, the German Parliamentary State Secretary during his recent visit to Dhaka Apparel Summit 2014 to promote the work of the Partnership for Sustainable Textiles announcement four
IKEA initiates ‘Make More in India’ and to expand supplier base in India
Global home furnishings leader, IKEA has announced a new initiative - ‘Make More in India’ aimed at potential suppliers and to expand IKEA’s supplier base as well as the
Unstoppable drop in polyester chain pricing led by crude oil
The free fall in crude oil prices continued in the week of 5 December with both benchmarks hitting their recent lows. US crude oil closed at its lowest since July 2009 while Brent fell below US$70 a
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