Garment exports from Egypt fetched $385 million (LE 6.77 billion) in the first quarter of 2018, showing an increase of 17 per cent over exports of $330 million during the same period of the previous year, an Egyptian daily reported quoting data from the Ready Made Garments Export Council. The council expects $1.8 billion exports this year. Of the total export in January-March 2018, around 48 per cent or $185 million of garments were destined to the US. This a 16 per cent jump compared to $1

Shima Seiki Italia has opened its first office in Germany. Located in the city of Haibach, 50 kilometres from Frankfurt, this is the first office directly managed by the Italian branch of Shima Seiki Mfg., Ltd. Shima Seiki is the leading developer of computerised flat knitting machines and Wholegarment knitting machines, headquartered in Wakayama, Japan. The new office, with 250 square metres of space has a machine room, a showroom, and also a room for demonstrations and courses for Apex 3.

Loepfe Brothers Ltd., developer of integral quality control systems like sensors and monitoring equipment for yarn spinning, has appointed Daniel Link as the new chief executive officer (CEO), from May 1, 2018. Maurizio Wermelinger, the current CEO, will retire, but will remain as an advisor for a limited period of time to ensure a smooth transition. Daniel Link is an experienced leader in the textile industry. He holds a Master in engineering from EPFL, Lausanne, and an MBA in general man

Jeanologia, the Spanish leader in the development of sustainable and efficient technology, will be presenting its latest collection at the Bangladesh Denim Expo, in booth 32. The collection will be based on the new production model which is technological, sustainable, and respectful of workers’ health. The expo will be held on May 9 and 10, 2018, in Dhaka. The collection will reveal the key factors showing how it is contributing to the transformation of the Bangladeshi industry, moving tow

The potential of Chattogram’s textile and garment machinery industry was highlighted by RedCarpet365 at a press conference. The forum was held on the occasion of BIGTEX, Bangladesh International Garment & Textile Machinery expo 2018, which will be held from May 10 to 12, 2018. The event will gather global textile factory owners and apparel exporters. The press conference was led by Fatematuj Johra, director marketing – Redcarpet365 Ltd, along with Ahmed Imtiaz, CEO – Redcarpet365 Ltd.

The revenue of Lenzing Group in the first quarter of fiscal 2018 decreased 6.1 per cent, from the prior-year quarter to €550.3 million. This drop is mainly attributable to less favourable currency exchange rates. The net profit for the period dropped 33.3 per cent from €75 million in the first quarter of the previous year to €50 million. Group earnings before interest, tax, depreciation and amortization (EBITDA) fell 24.8 per cent to €101.6 million mainly due to softening prices for commodi

Robust activities in certain industries including manufacturing will help the Indian economy to grow to 7.3 per cent in fiscal 2018-19, according to a recent report. It says that the negative impact of demonetisation as well as GST has subsided to a large extent. The economic growth of the country was 6.6 per cent in the financial year 2017-18. The rise in foreign direct investment (FDI) is also expected to boost the economic growth of the country, states the BMI research by Fitch group co

Bangladesh and Thailand are working towards boosting bilateral ties and the trade between the two countries is expected to touch $2 billion by 2021. Bangladesh has also requested a Thai delegation led by Kobsak Pootrakool, investment and economic reforms affairs minister, to consider a free trade agreement (FTA) to encourage bilateral trade. A meeting was held between the Thai delegation and Bangladesh representatives led by Tofail Ahmed, commerce minister of Bangladesh. Ahmed made the req

Delta Galil Industries, an Israel-based manufacturer and marketer of apparel for men, women and children, as well as leisurewear, activewear and denim, has signed an option to acquire Eminence SAS and its subsidiaries. The transaction is expected to close in the third quarter of 2018 and is subject to the fulfilment of French law requirements. As per the deal, Delta Galil will acquire the Eminence Group, which includes leading French underwear brands for men, women and children: Eminence an

Boosted by tax reform and other factors, the retail industry employment in the US increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation (NRF) has said. There was an increase of 5,600 jobs in March. The three-month moving average in April showed an increase of 17,200 jobs. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, US businesses added 164,000 jobs, the department of la