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Maeen Md. Khairul Akter,Managing Editor, Textile FocusIntroduction2020 is going to be a crucial year for the Bangladesh garments and textile industry. As the industry is going through a transformation phase some major organizational changes are on the card in the upcoming days. Starting in the late 1970s, expanding heavily in the 1980s and finally booming in the 1990s, Ready Made Garments industry has created a success story for Bangladesh. Turning up as a gigantic industry within a short span o
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American Eagle Outfitters has taken several steps towards its goal to be carbon neutral by 2030. It has joined RE100, a global initiative that brings together businesses committed to the use of renewable power, and signed the UN Fashion Industry Charter for Climate Action to drive the fashion industry to net-zero emissions no later than 2050.Pic: American Eagle Outfitters, IncThe company has also developed Science Based Targets (greenhouse gas reduction goals aligned with climate science) and su
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Investment of Rp. 15 trillion (USD1,1 billion) in facilitySupports development of national textile industry and ‘Making Indonesia 4.0’ roadmapThe President of Indonesia, Joko Widodo, today inaugurated Indonesia’s largest integrated viscose rayon production facility, injecting a boost for the country’s textile sector and the Indonesian Government’s industrial 4.0 development strategy.Photo: The President of Indonesia, Joko Widodo (centre), pictured during a tour of the new Asia Pacific Rayon (APR
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As the denim giant is seeing strong gains on the international front and in e-commerce, Levi Strauss is set to open stores in 2020. The brand posted a 3 per cent gain in net revenue in the first quarter of the fiscal year. The company expects its net revenue to grow by 6 per cent in fiscal 2020 This estimate incorporates anticipated benefits of a Black Friday week in the first quarter, and a 53rd week, which will fall in the fourth quarter and will include a second Black Friday.During the fiscal
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India Ratings and Research (Ind-Ra) recently revised the Indian textile sector’s outlook to negative for fiscal 2020-21 from stable, as weak domestic demand growth, threat of cheap imports and dwindling incentives and exports are likely to keep volumes muted. Ind-Ra however expects key raw material prices to remain low in the next fiscal after a correction in 2019-20.Pic: ShutterstockThat will contribute to a modest recovery in margins, stable working capital requirements and steady cash flows,
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Bangladesh’s garments accessories and packaging sector may incur a loss of Tk 1,200-1,500 crore if the deadlock in import from China continues for three to four more months, according to the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association, which is concerned over the impact of the coronavirus outbreak on its members.Pic: ShutterstockAssociation president Mohammad Abdul Kader Khan said about 40 per cent of raw materials for the sector are procured from China.
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Ms Tian from a foreign trade company is selacting spring fabric at a shop in China Textile City in Keqiao, east China of Zhejiang Province.The "China Textile City", Asia's largest textile distribution center in the city of Shaoxing, east China's Zhejiang Province, reopened Tuesday.The center holds more than 30,000 merchants and 100,000 daily customer visits. It boasts a sales network covering 192 countries and regions. The opening date this year was 18 days later than in previo
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Textile companies are facing increasingly complex challenges: higher labour costs and employee turnover rates, not to mention the need to automate material flow, reduce lead times and boost productivity. Furthermore, companies increasingly require comprehensive automation solutions due to greater demands on yarn quality and ease of use as well as the trend towards large and heavy packages.already has 30 years of experience in planning and installation of transport systems, especially between rov
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In recent years, the global trade of curtains has been rising with high growth rate. Total trade grew 10.14 per cent from 2016 to 2018, according to data from TexPro. The global trade of curtains was $8,146.26 million in 2016, which increased to $8,972.63 million in 2018. The total trade of curtains has risen by 5.29 per cent in 2018 over the previous year.Pic: ShutterstockFurther it is anticipated that the total trade will reach $10,372.09 million in 2021 with a CAGR of 4.95 per cent from 2018,
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Plastic pollution in this livable planet is like fast-spreading cancer. Affecting all segments – environmental, aquatic, living beings, and especially humans. Even with the growing call for sustainability, the efforts and pledges – the reuse of discarded plastic is insignificant.Figure 1: Md Enamul Haque, Managing Director, Expo Accessories Limited holding agarment accessories item made from renewable raw materials that are completely biodegraded in compost.Globally, annually 1.75 trillion of ga