Close to 100 textile mills that make synthetic yarn in Tamil Nadu stopped production on Saturday (July 18), as part of the decision taken at a meeting of the synthetic spinners group of Indian Texpreneurs Federation (ITF) in Coimbatore last week, according to media reports. The move follows the decision by the ITF synthetic spinners's group's decision to shut their units during the weekend following the sharp fall in yarn prices. This was the first weekend the mills were closed following the

Beginning next year, the textile industry in Taiwan will have to mandatorily take energy conservation measures, as per a directive of the Ministry of Economic Affairs (MOEA), according to local media reports. In its effort to improve Taiwan’s energy use efficiency, the MOEA has come out with a draft regulation, which if properly implemented can save up to 40,000 kilolitres of oil equivalent per year in the textile industry alone, the reports said. Textiles is categorised as one of the heav

The government has prepared a plan to increase textile exports from the existing 13billion dollars to twenty-six billion dollars in the next five years. Under the plan, special incentives would be given to small and medium enterprises. New schemes and initiatives will also be launched to increase usage of information communication technology, Radio Pakistan reported on Sunday. The plan envisages making the textiles sector compliant with labour and environment rules and conventions domestical

Women’s fashion wear, particularly Chinese woollen women’s jackets were the next big thing in China that would continue to drive demand for Australian Merino wool in the short term, said was part of discussion at the forum for wool classers and woolgrowers at Northam last Saturday. Leading wool economist Chris Wilcox, executive director of the National Council of Wool Selling Brokers of Australia and chairman of the Market Intelligence Committee of the International Wool Textile Industry said

The Ministry of Commerce (MoC) on Tuesday began looking into allegations of the dumping of acrylic fiber imported from Japan, the Republic of Korea and Turkey. The MoC will try to determine whether the imports have damaged domestic producers' interests and if their interests have been affected, the ministry said in a statement. The investigation started on July 14, the statement said. Acrylic fibers are widely used in the clothes manufacturing sector. Source: ECNC.CN

China has sold 8.78 percent of the cotton on offer from its state reserves after the first week of sales, confirming expectations of poor demand. Beijing is aiming to sell as much as 1 million tonnes of fibre from state stocks by the end of August as part of a plan to gradually reduce its bulging reserves. But with plenty of commercial inventory still available in the market, and the state auction prices relatively high, mills have held back from bidding. After selling almost a third of the

Vietnam’s textile exports has reached $12 million, growth of 9 percent compared to the same period last year, this is the lowest growth recorded for the last three years, well down on 19 percent recorded for the same period of last year, according to Vietnam Textile & Apparel Association (VITAS). Textiles are a major export of Vietnam which is targeted at $27 million to $27.5 million for this year. In 2014 textile exports had reached $24 million. Out of the $12 million export achieved

Vietnam's Eximbank will disburse any loans under India's $300 million credit for projects which use Indian-made equipment with value of up to 75% of the project's total investment, the Vietnamese government's website reported. Each loan carries a 10-year span and an interest rate of 2% per annum, the website cited a Vietnam Textile and Apparel Association report as saying. Textile and garment exports are Vietnam's second-biggest cash earner after phones and accessories. The credit comes a

As major buyers were on the sidelines due to quality factor, trading activity remained moderate on the cotton market on Tuesday, dealers said.Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000. However, the official spot rate remained unchanged at Rs 4700. According to analysts, some needy mills and spinners took part in fresh buying of seed cotton whil

The Nigerian presidency has constituted a special committee to resuscitate the country’s ailing cotton and textile industry, according to newspaper reports in the country. The direction is in line with the campaign promises of President Muhammadu Buhari to revive cotton and textile industry. Permanent secretary of the agriculture and rural development ministry, Sonny Echono, who announced this while inaugurating the committee in Abuja, lamented that cotton, textile and garments industries