Kaya Group, Turkish company involved in textile sector, is planning to start textile business in Georgia. For this purpose the management of the Turkish company Kaya met the Georgian Prime Minister Irakli Gharibashvili on January 12. The two sides discussed the investment project which is designed by the Kaya Group to produce textile production in Georgia and export it to EU markets. They believe that the joint projects will enhance their economic relations in the coming years and will di

The Government of Telangana, a state carved out of the erstwhile Andhra Pradesh and which came into came into existence as the 29th state of the Indian Union in June last year, is planning to develop Warangal—the second-largest city in the state—as a textile hub. Speaking to reporters in Hanamkonda after this four-day tour of the Warangal district, chief minister K Chandrashekhar Rao said that under the ‘Plan our Warangal’ programme, the state government is preparing a master plan to develop

Italian weaving technology specialist, Itema S.p.A is exhibiting at Southern India Mills Association (SIMA) organised, textile trade fair, Texfair which is currently underway in Coimbatore. Itema is the only manufacturer in the world to provide the top three shuttleless weft insertion technologies: rapier, airjet and projectile.In the last two years, Itema has experienced a period of unprecedented growth, which has continued in recent months despite the slowdown in the global textile market.Ite

A file photo shows workers busy at a garment factory in Dhaka. The country’s apparel exports to the US market in the 11 months of 2014 fell by 3.50 per cent to $4.48 billion against $4.65 billion in the same period of 2013 due to sluggish demand for apparel in the market and compliance issue in Bangladesh. — New Age photo The country’s apparel exports to the US market in the 11 months of 2014 fell by 3.50 per cent to $4.48 billion against $4.65 billion in the same period of 2013 due to sluggi

A worker stacks up finished and packed apparel products at a factory in Dhaka. The ongoing political unrest affects transportation of goods to Chittagong sea port for shipment Bangladesh’s garment manufacturers and exporters yesterday said the industry is in a deep trouble again due to latest spate of political unrest. The pain had no sooner come than fading away effect of Rana Plaza tragedy and political unrest in 2013. “The blockade that began on January 4 has already wiped off Tk4,5

Confederation of Indian Textile Industry Chairman Prem Malik at the inauguration of Texfair, an international textile machinery, Spares and Accessories Expo which began in Coimbatore on January 9, emphasized on the potential of Man Made Fibres Industry. According to CITI the Indian textile industry has the potential to cross a turnover of $ 350 billion by 2025 if it diversifies to new product categories like Man Made Fibres (MMF). Though the government has set a too ambitious revenue targe

The 2015 AATCC Technical Manual is now available and includes two new test methods, ten significantly revised methods, and nine editorially revised methods. Published each January, the AATCC Technical Manual contains nearly 150 test methods and evaluation procedures used worldwide to evaluate and characterize fiber and textile materials. Order the 2015 AATCC Technical Manual as a cloth-bound book (Item #03015) or searchable CD (Item #3015CD) at www.aatcc.org/products. AATCC members receive a

The retail sales of clothing commodities of 100 large-sized retailers grew 0.9% year-on-year in November in value term, 0.7 percentage point faster than same period of last year, but 3.4 percentage points lower than October. The retail sales grew 6.0% year-on-year in November in quantity term, 6.4 percentage points faster than October and 5.5 points faster than same period of last year. Source: China Textile Leader Express

Commerce Minister Tofail Ahmed said the government would discuss with the United States about duty and quota-free access of Bangladeshi garment products under the Bali decisions of WTO. The discussion could be held at a next WTO meeting, he told reporters yesterday after a meeting of the high-level committee on reviewing and monitoring of World Trade Orgainsation activities. Commerce Minister presided over the meeting, attended, among others, by Commerce Secretary Hedayetullah Al Mamoon nd

The textile sector gained 1.5 percent to stand at Tk 9,160 crore in market capitalisation yesterday, compared to the previous day, thanks to steady growth in exports last year. Textile exports rose 5.78 percent year-on-year to $24.6 billion in 2014. The price earnings ratio of the sector stood at 19.4, where the average market PE was 15.51. The PE ratio is a valuation of a company's current share price compared to its per-share earnings. A lower PE means investment is less risky. The po