Paul Siu, deputy CEO of Deloitte China, is confident of China's economy and expects it to benefit more from reforms. "China's economy is very positive in general. The dividends from reform are huge and yet to be fully realized," he said during the sideline of the 2017 Annual Meeting of New Champions, also known as Summer Davos, in Dalian. China has set the target of achieving GDP growth at around 6.5 percent this year. In the first quarter, GDP grew at 6.9 percent year-on-year, getting the

Nandan Denim was trading higher by 6% to Rs 141 on BSE after the company engaged in textiles business said that the promoter of the company has acquired 235,009 equity shares representing 0.49% stake via open market. “On June 30, 2017, Vedprakash Devkinandan Chirpal had bought 100,000 equity shares from the open market on NSE and BSE,” NDL said in a regulatory filing. Earlier on June 27, 2017, Vedprakash Devkinandan Chirpal had purchased 80,000 shares, while on June 23, he purchased 55,

Best Pacific plans to debut one of the first lines of commercially available Lycra Sport Power-Comfort-Energy index-certified fabrics on the market at the Outdoor Retailer Summer Market show in Salt Lake City. The new fabrics leverage the recovery performance of Invista’s Lycra Sport technology and Best Pacific's high-gauge, double knitting construction. The Outdoor Retailer Summer Show is being held during July 26-29, 2017. The new fabrics deliver an outstanding stretch modulus and are

China’s textile conglomerate China Hi-Tech Group Corporation has become a wholly-owned subsidiary of China National Machinery Industry Corporation (Sinomach), an equipment manufacturing group, after the State Council gave nod for the same. The State-owned Assets Supervision and Administration Commission (SASAC) will no longer supervise China Hi-Tech. Post this announcement, the number of central State-owned enterprises (SOEs) has reduced to 101. The SASAC aims to bring down the number of cent

Top Value Fabrics has announced the acquisition of Pacific Coast Fabrics. The acquisition expands its product offerings and strengthens its West Coast distribution network for printable textiles. Combined, the companies contract manufacture and source fabrics and media, both domestically and in international locations from Asia to Europe. “TVF is known throughout the industry for outstanding customer service and quality products, and the Pacific Coast Fabrics team shares that same dedication

Union minister for agriculture Radha Mohan Singh today described natural fibres as the backbone of the Indian textiles industry. The minister noted that despite stiff competition from synthetic fibres, the demand for natural fibres was steadily increasing with a growing population. Natural fibre production involves millions of farmers and industries using them are creating rural jobs, he said. Chairing a session on ‘Productivity and Product Diversification Challenges for Natural Fibres’ at Te

IFC, a member of the World Bank Group, and the Natural Resources Defense Council (NRDC) haver released cumulative results of their joint ‘Green Textile City Initiative’. Launched in partnership with leading global apparel retailers and fashion brands in 2013, it aimed to scale up sustainability efforts in large textile clusters in Shaoxing and Guangzhou. The sector-level initiative was expanded to Suzhou in 2015. The Initiative, under IFC’s China Water Program, provided sector-level capacity

Eid holidays kept the activity of spinning sector dull while forward deals that have been matured before Eid change hands. Non-availability of transportation has been hindering the deliveries. During trading session after Eid holidays and on first day, the lint prices stood firm, traders at cotton market said. Around 300 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,700 per maund with forward deals for better lint in focus, fibre traders said.

The Bangladesh government officials and textile industry stakeholders see a huge potential for synergies between the two countries Bangladesh and India. Bangladesh is among the world’s second largest exporters of apparels, and India is the second largest producer of man-made fibre and textiles fabrics. According to Gopal Bhattacharyya, additional secretary of Bangladesh's textile ministry, there is a lot of scope for synergies between India and Bangladesh and huge potential to expand the rela

Premium fabrics made from natural fibres were to the fore at a special showcase of Taiwanese denim specialists at Kingpins Show Amsterdam on 19-20 April. The exhibition, held as part of Amsterdam Denim Days, features fibre and yarn companies, fabric mills, wash houses, full package manufacturers and trim providers. Making its debut at Kingpins Show Amsterdam, the Taiwan Textile Federation (TTF) had a special zone featuring four denim fabric manufacturers. Annie Liu, from the market deve