Textile millers yesterday urged Indian businesses to invest in Bangladesh's weaving sector as the local weavers cannot meet the demand for fabric due to inadequate production capacity. Spinners are able to supply 90 percent of the yarn needed for the knitting sector, while weavers can meet only 40 percent of the demand for fabric in the garment sector. Indian entrepreneurs can invest in the weaving sector as there is an opportunity for growth, said Fazlul Hoque, vice-president of Banglades

As per USDA's October crop production report, the 2015 US cotton crop is projected at 13.3 million bales, marginally below last month's forecast but 3 million bales or 18 per cent below the 2014 crop. “With harvested area unchanged in October and the national yield reduced only slightly, the US production estimate decreased 90,000 bales this month,” it said. US upland cotton crop is forecast at 12.9 million bales, below both last season and the five-year average. According to USDA, duri

Eclat Textile, major Taiwanese technology-based textile company, professional functional and flexible knitwear fabric producer and apparel manufacturer plans to increase its production capacity in Vietnam, to gain benefits from the Trans-Pacific Partnership free trade pact. The company will invest $50.5 million to upgrade two factories of which $40 million will go to a factory in Ba Ria-Vung Tau Province and $10.5 million to a plant in Dong Nai province. Construction will start in early 2016.

Pakistan’s exports of value-added textile products grew three per cent to $1.14 billion in the first quarter (July to September) of this fiscal year from $1.11bn a year ago, the Pakistan Bureau of Statistics said on Thursday. In the subsectors, exports of readymade garments were almost steady at $630.16 million compared to $629.67m, while those of knitwear rose by 6.7pc to $510.02m from $478.17m. The growth came mainly on the back of a Rs6bn subsidy the government extended to the sector la

Vietnamese enterprises expected to step up shipments to the U.S. and Japan with the tariff incentives offered by the TPP. Vietnam’s apparel is currently subject to 17-30% U.S. tariffs but the rates will be gradually brought down to 0% in the TPP. Textile-garment exports to the U.S. in the first nine month from January – Septment reached US$8.33 billion, up 13.6% year-on-year. The growth was higher than the sector’s average increase of 10%. The U.S. market was followed by Japan and South Korea

The 9th summit China-Latin America and Caribbean (LAC-CHINA) held at the Palace of Communication and Culture of Guadalajara, Mexico (13-15 October 2015), that recently concluded attracted with over 2,000 participants including nearly 1,500 entrepreneurs and Chinese investors from the textile industry, as per Haitian media reports. While the Directorate of Free Zones of the Ministry of Trade and Industry (DZF) has increased its contacts with Chinese operators in the sector, the National Socie

The global market for spandex has been witnessing a noticeable increase due to rising demand from the textile and apparel industry. Spandex fibers are used in a wide range of apparels such as competitive swimwear, cycling jerseys, leggings, and gloves. Spandex is generally mixed with synthetic and natural fiber such as polyester or cotton for clothing applications and contributes for a minimal percentage of the final fabric. In developed regions such as North America, spandex is mostly used i

Steady conditions prevailed on the cotton market on Wednesday where activity remained fairly brisk ahead of long closure on account of Ashura. Floor brokers said that many mills were active in replenishing their stocks to meet their near future demand. Major cities have already started witnessing a slowdown in commercial activity ahead of Ashura, they added. After the announcement of a relief package by the government, the textile industry by and large has started its normal operations and

Iran has historically been a major market for Italy’s textile machinery industry. However, international sanctions have ceased the movement of textile machineries to Iran. The recent nuclear agreement is expected to pave the way toward a competitive relaunching of the local textile industry. In order to strengthen its presence in Iran, ACIMIT (the Association of Italian Textile Machinery Manufacturers) will participate in the Italian trade mission in late November. Iran’s textile indus

India will be forced to make large-scale government cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said. India spent 160 billion rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP) in the marketing year that ended on Sept. 30, up from just 400,000 bales in the previous year. "During the peak supply season, prices will drop below the MSP