Bangladesh's Eastern Refinery Ltd will skip exporting naphtha in October, for the third straight month, as plant maintenance and repair work continue, a senior company official said on Tuesday. On average, it exports one 170,000-barrel naphtha cargo about every 45 days. The loss will be easily filled in the market as high volumes of naphtha will continue to stream into Asia from Europe, the United States and the Mediterranean. Since the start of the year, Asia has been receiving an average

Italy has recorded 12% overall growth in new orders for textile machinery for the second quarter of 2013, thanks to foreign markets (+14%) and a stable domestic market (-1%). During the second quarter of 2013, new orders for textile machinery, as elaborated by ACIMIT’s economics and press department, showed signs of growth compared to the same period for 2012 (+12%). The absolute index stood at 92.2 points (basis 2010=100). These figures, ACIMIT says, are the result of a growing rate of new

Turkish textile and garment companies are planning to move their factories to Ethiopia, with the assistance of Ayka Addis Textile and Investment Group, a Turkish company that made the same move three years ago. Ayka submitted a proposal for the relocation of several Turkish textile and garment companies to the Ministry of Industry which has been already accepted. Ayka Addis’ General Manager Ercan Turkoglu told Capital in an email response that an industrial zone will be built by Ayka Addis.

Japanese textile manufacturers are cranking up efforts to export white cloth for making ethnic attire in the Middle East, where Japan’s reputation for quality is helping it acquire a lion’s share of the cloth market. The materials are most commonly used to make a men’s long-sleeved, ankle-length loose garment called a thobe. Nationalist sentiment has been growing in many Middle Eastern countries since the Arab Spring began in December 2010, and younger generations are wearing ethnic clothing

Merchandise is displayed at the Indian Green The Gap store in New Delhi An Indian recycling company that uses junk to create accessories is fighting a legal trademark suit launched by US clothing giant Gap Inc demanding that the firm change its name. Green the Gap, an Indian company which runs three stores in the country, mainly sells accessories and home decor items made out of waste including beer cans, rubber tyres and fruit cartons. Vimlendu Jha, founding owner of the firm, which a

The African countries can be a potential market for exports of Vietnamese textiles, according to the Department of African, West Asian and South Asian Markets, in the Ministry of Industry and Trade (MOIT). The agency said despite being a source of raw cotton, the textile industry has not developed in many African countries. Along with an increase in the population and income of the African people, the continent will become a big market for textile items, vov.vn reported. In 2012, Vietn

ICE cotton futures slipped on Monday on investor selling as worries built ahead of a Federal Reserve meeting eyed for signs of when the U.S. central bank will slow its stimulus and concerns grew over economic growth in China, the world's top textile market. The most-active December cotton contract on ICE Futures U.S. edged down 0.41 cent, or 0.5 percent, to settle at 84.71 cents per lb. U.S. stocks dipped and the dollar climbed a day ahead of the Fed's two-day policy meeting this week eyed b

While for GHCL, the revenue has fallen due to rationalisation in its clientele, for Jindal Worldwide and Pradip Overseas the same has fallen due to dip in demand. Unlike other verticals of textile industry, the home textiles vertical has taken a beating in the first quarter. According to industry players like GHCL and Pradip Overseas, while the margins have more or less remained intact, the revenue have fallen for the players. While for GHCL, the revenue has fallen due to rationalisation in i

India’s Apparel Export Promotion Council (AEPC), under the aegis of Ministry of Textiles, Government of India in active collaboration with the Embassy of India, Japan, participated with 136 companies, constituting a more than a 20% share in overall participation in JFW International Fashion Fair, Tokyo from 17-19 July, 2013. Zohra Chatterji, Secretary (Textiles), Ministry of Textiles, Government of India led a delegation of manufacturer exporters from apparel, fabric and made-ups along with D

New orders for Italian textile machinery were up by 12% during the second quarter of 2013, compared to the year before, according to figures released by ACIMIT (Association of Italian Textile Machinery Manufacturers). The Association’s economics department revealed that the growth was driven by foreign market purchases, up 14%, whereas the domestic market was stable with orders down 1%. Raffaella Carabelli, ACIMIT president, said: “Overall figures show a definite improvement with respect t