Thanks to a $28 million gift from alumnus Frederick “Fred” Eugene Wilson Jr. and his family, North Carolina State University’s College of Textiles henceforth will be known as the Wilson College of Textiles. A world leader in textile research, the Wilson College of Textiles is the only standalone textile college in the United States. “Thank you so very much to the Wilson family. This gift is significant for the U.S. textile industry,” said National Council of Textile Organizations (NCTO) Chair

Standard Textile Co., Inc., a leader in hospitality and healthcare textile markets, announced yesterday it has reached an agreement to acquire the global hospitality business of Mascioni SPA, Italy, including the Mascioni Hotel Collection brand. The Mascioni Hotel Collection brand markets bed, bath, table and spa products to luxury hotel properties worldwide. The acquisition of the Mascioni global hospitality business advances Standard Textile's strategy of expanding its leadership position i

Courtesy: Alex Andrews from Pexels The recent package announced by Prime Minister Narendra Modi for the MSME sector has been welcomed by the garment industry. Over 75 per cent of the garment industry in India is in the MSME sector and the 12 announcements covered in the package would benefit most units in the industry, The Clothing Manufacturers’ Association of India (CMAI) has said. Terming the Package as “Growth oriented and visionary”, CMAI president thanked Modi and Union textiles minist

Courtesy: ITMA Asia ITMA Asia + CITME 2018, the region’s leading textile machinery exhibition, ended successfully after five days of exciting product demonstrations and business networking. The sixth combined exhibition, held from October 15-19 in Shanghai, was visited by over 100,000 from 116 countries and regions. Domestic visitors were up 10 per cent compared to 2016 show. About 20 per cent of the visitors came from outside of China. Of the overseas participants, Indian visitors topped th

Cotton prices dropped in Brazil in October. From September 28 to October 31, the Center for Advanced Studies on Applied Economics (CEPEA)/ESALQ cotton Index, with payment in 8 days, dropped 7.67 per cent, closing at 2.9510 BRL per pound on October 31. The monthly average price, at 3.0750 BRL per pound, was 3.5 per cent lower than in September 2018. During the month, trading pace was slow in the Brazilian spot market and most deals involved small amounts. Purchasers did not seem very interested

The Cotton Association of India (CAI) has lowered its estimate of the cotton crop for the 2018-19 season beginning from October 1, 2018, to 343.25 lakh bales of 170 kg each. The CAI’s October estimate is lower by 4.75 lakh bales than 348 lakh bales announced at the Second Domestic Conference for 2018 held on October 6, 2018 in Aurangabad. The CAI has revised downwards the crop estimate for Gujarat by 2 lakh bales, Maharashtra by 1 lakh bales, Karnataka by 1 lakh bales and Orissa by 75,000 com

A mere 11.68 per cent of investments pledged in the handlooms and handicrafts sector during the first Global Investors Meet (GIM) in India’s Tamil Nadu state in 2015 has materialised till now, state government statistics show. As on September 19, the department concerned had managed to bring in investments worth ₹228.39 crore, creating over 1,500 jobs. Procuring land for some projects was tedious and obtaining clearances from certain departments was a ‘nightmare’, a leading South India

Courtesy: AmazonAmazon is opening a new fulfillment centre in Beaumont, continuing innovation in the Inland Empire. This will create more than 1,000 jobs. The facility will join Amazon’s other Inland Empire fulfillment facilities in Eastvale, Moreno Valley, Redlands, Rialto, Riverside and San Bernardino, where it launched its first California fulfillment centre in 2012. “The Inland Empire has been a great place to do business: serve customers, create jobs, and raise the bar on innovative tec

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has lauded the historic Micro, Small and Medium Enterprises (MSME) Support and Outreach programme launched by Prime Minister Narendra Modi recently. As part of the programme, Modi unveiled 12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. Welcoming the initiative of the Union Government, SRTEPC chairman Narain Aggarwal said that the various announcements and deliverables f

Bangladesh’s minimum wage board, formed to review the wages for readymade garment (RMG) workers, has finalised its proposal setting Tk 8,000 as minimum monthly wage ignoring all objections of the trade union federations and factory owners. The wage might not change and would be applicable from December this year, state minister for labour Md Mujibul Haque said. The gazette notification recommending the wage for the lowest-grade workers was published on October 8, seeking written objections a