Tekstil Trans Ltd. has opened a new textile factory worth $9.5 million, in the northern Chui province of Kyrgyzstan. The Russian-Kyrgyz Development Fund has provided close to $7.5 million for the factory. The factory is likely to reduce the company’s dependency on imports of textile products like fabrics and prove beneficial for the domestic sewing industry. The establishment of this factory is likely to lower the production cost of the country’s sewing industry, said Sooronbai Jeenbekov, Pr

Honduras 20|20 has accomplished a new international investment for the textile sector of Honduras of 73 million dollars, which has led to the incorporation of the United Textiles of America (Unitexa) company, a synthetic yarn production plant. First such plant of its size and nature in Central America, it will produce over 25,000 tons of yarn per year. Several large textile groups in the region joined forces, along with the President of Honduras Juan Orlando Hernández as honorary witness, to

Imprima S.p.a., the first global holding company dedicated to textile printing and finishing sector, has opened in Italy. Imprima is funded by a pool of financial investors led by the Italian Private Equity Fund Wisequity IV, managed by Wise SGR, a company that has already supported the development of other successful companies in the textile supply chain. With the creative heritage of the brands acquired, clean and smart manufacturing, proximity to markets, outstanding quality, and sustainab

The state-run Chinese yarn producer Xianyang Textiles Group installs new Zinser Ring 71 spinning system in conjunction with the Autoconer package winding machine from Schlafhorst. The ZinserRing 71 is the perfect solution for the latest requirements in the Asian textile industry. Due to the increasingly difficult issue of workforce availability, spinning mills must make themselves less and less reliant on personnel. Delivery of any desired yarn at a guaranteed quality and at an unrivalled pri

The export of jute products from Nepal to India has resumed after the Indian Customs Office agreed to release the consignments of Nepali jute traders to the Indian market keeping the 12.5 percent countervailing duty (CVD) as a guarantee. The Indian government had imposed 12.5 percent CVD on Nepali jute products like jute sacks and hessian jute fabric from December 15, thereby completely halting export of jute products to India. India is Nepal’s largest jute importer. According to traders,

American cotton has made up about 40 percent of Vietnam’s cotton imports over the last three years as Vietnam’s demand for raw cotton has risen steadily for six years, with August to January (Marketing YTD) imports at their highest levels ever. This is a particularly positive sign for U.S. cotton exports. U.S. exports of cotton have made up about 50 percent of Vietnam’s imports year to date, suggesting even greater market share than in the past. Much of Vietnam’s growth in recent years has

Cotton prices pushed higher on Friday with steady flow of buying orders. But no pick up seen in the trading activity as ginners held stocks anticipating higher prices in the coming days. Deal was reported to be conditional. The Karachi cotton Association raised its spot rates by Rs50, to Rs6,700 per maund on Fri¬day. Nevertheless, trading was marked by a single big deal of 5,801 bales which was quo¬ted at a high price of Rs7,200 per maund (around 37 kilograms). A similar deal of 3,434

As US President Donald Trump pulled America out of the Trans-Pacific Partnership (TPP) on 23 January with an executive order, he signalled he will instead ask Asian TPP members for bilateral free trade agreements (FTAs). This includes countries such as Vietnam that rely on apparel and textile exports. The TPP was also to have included Canada, Mexico, Japan, Australia, New Zealand, Chile, Peru, Malaysia, Singapore and Brunei. But it is unclear whether there will be much enthusiasm among these

Turkey’s textile and clothing sector witnessed a drop in trade during 2016, according to new statistics, with the industry struggling to deal with slowing growth in the global economy and political disruption in its home country last year. The weakness of the Turkish lira in exchage markets has also harmed the industry by raising the cost of inputs. The Turkish Exporters Assembly (TIM – Türkiye İhracatçılar Meclisi) has said that exports from Turkey’s textile sector and readymade cl

Garment corporations expect to earn more through improved production and increased exports, hope to attract investments and go ahead with their expansion plans in 2017. The Ha Noi Textile Garment Company (Hanosimex) has targeted a 10 per cent increase in revenue this year compared to 2016. Nguyen Song Hai, general director of Hanosimex, said the company aimed a revenue of between VND2.8 trillion (US$123 million) and VND3 trillion, higher than last year’s VNĐ 2.7 trillion, with a profi