Exporters from Chinese Taiwan and South Korea have sold the low melt polyester staple fiber (PSF) at 52 percent and at 0 to 16.48 percent less than fair value, respectively in the U.S., violating U.S. trade laws, that could lead to anti dumping duties the U.S. Department of Commerce said in a statement released Monday evening in the U.S. The petitioner in this case was Nan Ya Plastics Corporation, America, a wholly owned subsidiary of Nan Ya Plastics Corporation, Taiwan. Should the Commerce D

Le Tien Truong, general director of the Vietnam National Garment and Textile Group (Vinatex), is predicting a year-on-year increase of 10% in export value, to US$34bn, from 10.23% annual growth in 2017 when exports totalled US$31bn. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), points out that local enterprises have tapped new markets, including China, Russia and even rival exporter Cambodia, while maintaining traditional markets such as the US, the EU, Japan

The minimum wage board formed for the cotton textile sector has finalised its recommendations, setting Tk5,710 as gross monthly pay for the sector workers.Currently, the minimum wage for the textile sector workers is Tk3,302 set in 2011. The wage board published the proposal along with other recommendations in a gazette notification on January 24 seeking, if there is any, written objections against or suggestions on the recommendation in 14 days. Both the owners and workers representatives

Both exports and imports reached new highs in 2017, as New Zealand earned more from agricultural products and bought more cars and computers, the country's statistics department Stats NZ said on Tuesday. China was New Zealand's top trading partner in 2017, Stats NZ said. Exports to China were valued at NZ$12 billion ($8.8 billion), or 22 percent of New Zealand's total exports, while imports from China were valued at NZ$10.9 billion ($8 billion), or 19 percent of New Zealand's total imports, s

Chinese woven fabric maker Changzhou Edelweiss Printing & Dyeing Co Ltd has been making good business in Bangladesh riding on growing demand from apparel industries, a top official of the company said yesterday. “Bangladesh is a very promising country for us as our business has been growing at over 100 percent in the last three years,” says Md Ibrahim Khalil, assistant general manager of the company. “We sell five million yards of fabrics worth $12 million a month in Bangladesh,” he sa

Pakistan Bureau of Statistics (PBS) has reported textile export numbers for the month of December 2017, wherein textile exports have risen 10 percent to $1.13 billion from $1.03 billion in same period of last year. Most of the impetus came from the value-added segment , which rose 12 percent to clock in at $840m, while basic textile segment followed with a more modest 4 percent increment to reach $292m. Knitwear recorded highest export growth (20 percent YoY) amongst all product categories

Germany’s leading developer of perfect solutions for warp knitting, technical textiles, and warp preparation for weaving, has announced that Karl Mayer Rotal, its Italian subsidiary, has seen a boost in its denim business with its PRODYE-S and PRODYE-R indigo dyeing machines. Karl Mayer Rotal offers one-stop solutions for slasher and rope-dyeing. Compared to conventional machines available on the market, the PRODYE-S and PRODYE-R indigo dyeing machines consume less water, produce less waste

Dull trading was seen at the Karachi Cotton Exchange on Saturday, while spot rates continued to remain unchanged at Rs7,500/maund (37.324kg) and Rs8,038/40kg. Ex-Karachi rates also remained unchanged at Rs7,645/maund and Rs8,193/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. A total of four transactions were recorded of around 2,500 bales only at a price of Rs6,900 to Rs7,800/maund. Of these, 1,000 bales each were recorded from Rahimyar Khan and Haroonabad,

Domestic firms' M&A activity soars in areas involved with global initiative The Belt and Road Initiative represented a big boon for Chinese investors amid an overall slump in outbound Chinese merger and acquisition activity in 2017, according to a report released by Morning Whistle Group, a Shanghai-based trade group specializing in cross-border M&A. Chinese firms' M&A activity soared 47.4 percent in terms of transaction volume in countries and regions involved in the initiativ

The textile industry is one of the most important and oldest Egyptian industries and plays a vital role in the Egyptian economy. Egyptian textile and spinning exports increased by 6% in 2017, to record $832m compared to $783m in 2016, according to the Egyptian Textile Export Council. This keeps pace with the announcement of Minister of Trade and Industry Tarek Kabil in January 2018, during the visit of President Abdel Fattah Al-Sisi to Sadat City, that Egypt will establish the largest textile