The world economy is expected to remain stable in 2018 and 2019 after an impressive growth rate of 3 percent in 2017, said a UN world economic prospects report launched on Monday at UN Headquarters in New York. The growth in 2017 is the strongest performance of the world economy since 2011. Global growth is expected to remain steady at 3 percent in 2018 and 2019, said the UN World Economic Situation and Prospects 2018 report. The improvement is widespread, with roughly two-thirds of countr

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Ali Pervaiz has expressed serious concern over suspension of the supply of system gas quota of 2 days per week to Punjab industries from 7th of December 2017. He added government had extended this quota last year in order to reduce the cost of doing business and somewhat address the grave issue of inter-provincial disparity as industries in KP/Sindh continue to be supplied system gas for 7 days a week. He said the textile industry

Deputy Chairman Planning Commission, Sartaj Aziz has said that government of Pakistan would ensure seamless security for the Chinese and in this regard, a special security division has been raised and same arrangement will be made for investors as well. “Relations between Pakistan and China have become a model of state to state relations and China has become a reliable partner in our national development efforts,” Sartaj Aziz said while addressing the 60-member Chinese business delegation cur

South Korea will host the country’s only sewing machine exhibition, GT Korea, from November 14, 2018 at Gyeonggi for three days. Nearly 120 companies are expected to set up 400 booths to attract buyers from countries like Taiwan, Indonesia, Vietnam. Product innovation for smart fibre and technical textile market will be the focus of the event. he event will display items related to sewing machines and parts, textile machinery, various fabrics, industrial textiles and nonwovens. It is expected

Karl Mayer, Germany’s leading textile machinery firm, has announced that the company has officially opened the new workshop in Vietnam on November 13, 2017, after nine months of sufficient preparation. Karl Mayer, a market leader in textile machinery building, offers perfect solutions for warp knitting, technical textiles and warp preparation for weaving. On the day of opening ceremony, representative from Illies, Kuna Robert and Wu Chun Yan, the trainers who are providing courses for Vietna

Bolt Threads, a materials innovation company, and Best Made Co., the New York based apparel and lifestyle brand, have announced the release of their collaborative product, the limited edition Best Made Microsilk Cap of Courage. The hat marks Bolt Threads’ second commercially available product using Microsilk, and the first collaborative product with Best Made Co. since Bolt Threads acquired the brand in July. Designed in-house by Best Made Co. and developed by a team of scientists, engineers

DSM Biomedical, a global solutions provider in biomedical science and regenerative medicine, has announced a new braiding technology of DSM’s medical grade UHMWPE fibres, Dyneema Purity, for use in the design and construction of medical devices. The new technology from DSM and Meister can offer an improved generation of surgical products for intricate medical procedures The new constructions of Dyneema Purity fibre are available by means of a patented platform technology called Implantab

The garment-textile industry expects to rake in 31 billion USD in exports by the end of 2017, a year-on-year rise of 10.23 percent. The Vietnam Textile & Apparel Association (VITAS) revealed the information at a press conference in Hanoi on December 4. Vice Chairman of VITAS Truong Van Cam said 2017 was a challenging year for the sector due to the halt of the Trans-Pacific Partnership – which has been renamed the Comprehensive and Progressive Trans-Pacific Partnership. However, with

Country’s readymade garment export to India in the July-November period of the current financial year grew by 56.35 per cent riding on an impressive performance by knitwear products, while RMG export to China fell by 10.93 per cent during the period. RMG export to India in the five months of FY2017-18 increased to $87.43 million from $55.92 million in the same period of FY2016-17, according to the Export Promotion Bureau data. In the period, knitwear export to India grew by 68.70 per cent

China's foreign trade saw robust growth in November, with both imports and exports beating expectations, official data showed Friday. Exports in yuan-denominated terms rose 10.3 percent year on year to 1.43 trillion yuan ($216 billion), according to the General Administration of Customs. Imports expanded 15.6 percent to 1.17 trillion yuan, leaving a trade surplus of 263.6 billion yuan. In November, total foreign trade volume rose 12.6 percent year on year to 2.6 trillion yuan. In the