A seminar on the prospect of Vietnamese garment exports in 2018 held in Ho Chi Minh City on November 3 where participants at the seminar proposed measures such as fully exploiting the domestic market of more than 90 million people, and maintaining and developing key markets such as the US, EU, Japan, and the Republic of Korea, as well as other markets like ASEAN, Eurasian Economic Union, India, and Latin America. Also other proper policies should be devised to attract foreign investment in fi

The government of Egypt has invited three Brazlian enterprises from textile industry. Textiles maker Fiama, yarn maker Círculo and elastic band manufacturer Damenny to see Egyptian-made raw materials, action backed on the Brazilian side by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in São Paulo. The event will take place during Destination Africa, a textile industry show slated for November 11 and 12 at the Nile Ritz Carlton Hotel in Cairo, the capital of Egypt. The exp

Synthetic textile manufactures are witnessing raw materials getting costilier by two to five percent over the past month due to a sharp increase in crude oil prices. IT is expected a further increase in prices of raw materials in the short term. Due to an increase in crude oil prices, polyester staple fibre prices have risen by 10 percent over the past two months to Rs 82 a kg. Purified terephthalic acid (PTA) is a crude oil derivative and an input for polyester fibre increased by 4.5 percent

Cotton is a significant export product of Turkmenistan and is a demanded raw material for dozens of modern companies of the country's dynamically developing textile industry. Turkmen President Gurbanguly Berdimuhamedov hence stressed the need for a systematic approach to executing tasks to ensure effectiveness of cotton harvest speaking during at a video conference on state of affairs regarding cotton harvest in Turkmenistan. At the video conference, information was provided to the Turkmen

Lenzing Modal branded fibers are an important part in Lenzing’s fiber portfolio. The fibers specialists stand out with 50 years of experience in the production and marketing of the fibers. By adapting the Modal production process, Lenzing is further underscoring its work towards technological leadership. Specialization is a key element of Lenzing’s strategy. The share of specialty fibers at Lenzing should be increased to 50% of turnover by the year 2020. Lenzing Modal fibers and the MicroModa

China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said. The report, published by the Investment Strategy Group, a research unit of Goldman Sachs, said the country's gross domestic product is on track to clock the first uptick since 2010 in 2017. "This would be the first, albeit modest, acceleration in annual growth si

China-US economic ties once again came under the global spotlight ahead of an upcoming meeting between leaders of the two countries in Beijing. US President Donald Trump will pay a state visit to China from Wednesday to Friday, the first head of state to visit the country since the 19th National Congress of the Communist Party of China. His meeting with Chinese President Xi Jinping is expected to promote bilateral exchange between the world's two largest economies. Despite disputes and f

China's foreign trade volume rose 15.9 percent year-on-year to 22.52 trillion yuan ($3.39 trillion) in the first ten months of this year, official data showed Wednesday. Exports increased 11.7 percent to 12.41 trillion yuan, while imports surged 21.5 percent to 10.11 trillion yuan, the General Administration of Customs (GAC) said. The trade surplus shrank 17.8 percent to 2.3 trillion yuan in the same period. "China's imports and exports witnessed rapid growth in the first ten months,

Raw cotton exports increased by 69.70 per cent during the first quarter of current fiscal year (July-September) as compared to the same period of last year, according to PBS. Raw cotton worth $29,624 was exported during the first quarter of current year as compared to $17,457 of last year. Cotton yarn worth $320,942 was exported during the first quarter of current year as compared to $306,958 of last year. Cotton yarn exports increased by 4.56 per cent during the first quarter of current fisc

The Shandong Ruyi Technology Group (Ruyi) of China recently announced plans to open its first North American factory in Forrest City, Arkansas. The new unit will create 800 jobs, and Ruyi will invest $410 million to renovate a former Sanyo manufacturing centre in the city. It plans to spin more than 200,000 tonnes of Arkansas cotton annually into yarn. The textile giant is scheduled to open in mid-2018. Arkansas is the fifth-largest cotton producing US state. Ruyi is likely to absorb alm