With the signing of the Trans Pacific Partnership trade agreement between 12 Pacific Rim countries which China is not a part, the textile industry of China is undergoing palpable change as many countries apart of the agreement threat a power shift in the world’s textile industry. The Woolmark Company key account manager for Hong Kong, Daniel Chan said that despite the slowdown in Trans-Pacific Partnership by the United States presidential and congressional elections, the impact has already be

Cotton imports by Pakistan are expected to remain near record-high levels in the year to July 2017, as erratic weather forces farmers in the world’s fourth-biggest producer to trim area under the crop, industry officials said. A supply crunch in Pakistan, at a time when back-to-back droughts have taken a toll on output at top producer India, could boost global cotton prices from their current near 11-month highs. The two countries have already taken turns this year to buy from each other to f

More than 75 percent of the garment factories have paid Eid festival bonus to their workers, while 20 percent have also given the salaries for the month of June, said the industrial police yesterday. “This year the payment system is better for the workers -- we do not see any possibility of untoward incident. Every factory owner is paying the workers ahead of Eid,” said Abdus Salam, director general of the industrial police department. The industrial police targeted 150 factories that they

Polytex Far Eastern Vietnam Company, a subsidiary of Taiwan based Far Eastern Group, will set up its second textile dyeing and chemical fibre factory in Vietnam, media reports said. The company will invest $760 million in new project, which will come up in Bau Bang industrial zone in the southern province of Binh Duong. While the first phase production is expected to begin next year, the factory will become fully operational in 2020. During a meeting with Tran Thanh Liem, deputy chairman

The area under cotton sowing for 2016-17 crop year has decreased in north Indian states, especially Haryana, Punjab and Uttar Pradesh, where cotton sowing is almost completed, according to media reports. In Haryana, cotton are has declined 14 per cent to 5 lakh hectares in 2016-17 crop year compared to 5.8 lakh hectares last year, as per the latest data. Similarly, in the neighbouring Punjab, area planted to cotton is lower by 43.11 per cent at 2.56 lakh hectares this year, as against 4.5

China's yuan tumbled to 5-1/2 year low versus the dollar on Monday as the central bank tolerated the Chinese currency's weakening after the Brexit by setting a sharply weaker midpoint and refraining from intervening in trading, traders said. The People's Bank of China (PBOC) weakened the official midpoint the most since August 2015 when China shocked the global markets by allowing the yuan to weaken almost 2 percent overnight. State-owned banks, who often intervene in trading on behalf of

The global yarn production increased by 20 per cent quarter-on-quarter in the first quarter of 2016. While output increased by 21 per cent in Asia and 29 per cent South America, it decreased by 4 per cent in Europe, the International Textile Manufacturers Federation (ITMF) said in its latest report. Compared to Q1 2015, the global yarn production grew by 4 per cent in Q1 2016 with positive growth rates of 5 per cent and 4 per cent in Asia and Europe, respectively. However, global yarn stocks

As labour in China gets expensive and the economy is witnessing a slowdown, the country's manufacturing sector is exploring developing economies such as Ethiopia for production and investment. A delegation of Chinese textile, leather and light manufacturing industry associations recently visited the Ethiopia under the aegis of United Nations Industrial Development Organization (UNIDO) and expressed their interest to invest in Ethiopia. UNIDO goodwill ambassador and delegation leader of the

Global non-profit environmental organization, Textile Exchange has released the Responsible Wool Standard (RWS), an independent, voluntary standard. On farms, the certification ensures that sheep are treated with respect to their five freedoms and ensures best practices in the management and protection of the land. Through the processing stages, certification ensures that wool from certified farms is properly identified and tracked, according to RWS. The Standard is intended to be a global

Wrap knitting specialist LE Textile (previously known as Elastic Textile Europe) has developed a special collection based on Tencel lyocell fibre, offering a soft, supple handle, the typical look of a natural fibre product, and outstanding comfort. These soft fabrics also offer advantages for the environment. Focusing on the environmental aspects in its use of materials and production processes, LE Textile first used Lenzing’s Tencel fibres, instead of eco-cotton, in 2014. The first prototype