Chinese company Shan Dong Ruyi group has expressed its interest in establishing a ginning and spinning industry as a joint venture (JV) with Pakistan Cotton Ginners Association (PCGA). The group offered PCGA joint initiatives aimed at increasing cotton and yarn export, according to a press release issued by PCGA. Representatives from both sides met and discussed ways to enhance bilateral trade, installation of ginning and spinning industry by the Chinese group in Pakistan. Both

Textile Raw Material Price 2013-07-16 Item Price Unit Fluctuation Date Oil WTI 105.95 USD/Barrel -0.57 2013-07-16 PX 1448 USD/Ton 9 2013-07-16 PTA Buy 7800 RMB/Ton 50 2013-07-16 PTA Sell 1070 USD/Ton 10 2013-07-16 MEG Buy 7400 RMB/Ton 0 2013-07-16 MEG Sell 1008 USD/Ton -7 2013-07-16 CPL Buy 18100 RMB/Ton 0 2013-07-16 CPL Sell 2345 USD/T

In June 2013, H&M Group total sales including VAT in local currencies increased by 13 percent compared to the same month the previous year. Sales in comparable units increased by 3 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. The total number of stores amounted to 2,926 on 30 June 2013 versus 2,596 on 30 June 2012. Hennes & Mauritz (H&M) was founded in Sweden in 1947 and in ad

Recent wage increases in Indonesia are creating significant difficulties for the country's textile industry, with some companies reducing their numbers of workers, and there are concerns that the wage hikes could result in a drop in foreign investment in the sector, WTiN has been told. These costs problems have been compounded by the regional minimum wages that apply across the country, some of which have been rising faster than others. For instance, the minimum wage in greater Jakarta, where

Bangladesh’s RMG manufacturers are looking to strengthen their position in the Malaysian market having recently gained duty free access to the South-East Asian peninsula. Bangladesh Garment Manufacturers & Exporters Association (BGMEA) second vice president, S M Mannan, said: “We are going to participate in the largest ever Bangladesh single country trade fair in Malaysia, scheduled for August, to make our position strong to Malaysian market.” BGMEA and BKMEA (Bangladesh Knitwear Manuf

SOURCE: AP/Mahesh Kumar A. Indian workers sew at a garment factory on the outskirts of Hyderabad, India, Friday, October 12, 2012. When images of poor labor conditions in the garment industries of leading apparel-exporting countries reach the global news media, it is often because those conditions seem uniquely and unjustifiably extreme. Malnourished workers working 14-hour days faint by the hundreds in Cambodian garment plants. Hundreds more are killed in deadly factory fires in Bangladesh

Export earnings from jute and jute goods in the fiscal year 2012-2013 showed an increase of 6.54 percent over the previous year, according to the Export Promotion Bureau (EPB) data. Earnings from the jute sector were US$ 1.01 billion during July 1, 2012 to June 30, 2013 period. The data indicated that the export of jute bags and sacks increased by 28.16 percent year-on-year to fetch US$ 237.42 million in foreign exchange for Bangladesh. EPB indicated that the exports of jute yarn and twine s

Bullish conditions prevailed on the cotton market on Friday as spinners and mills were after every lot put for sale by ginners in view of strong demand from China for local cotton yarn. The Karachi Cotton Association (KCA) increased its spot rates by Rs50 to Rs6,550 per maund amid tight supplies of the new crop as only 75 ginning factories so far resumed their operations due to slow phutti arrivals. Syed Mudabir Shah, a cotton expert, said the increase in the cotton spot rates were due to in

FILE - Kenyan workers prepare clothes for export at the Alltex export processing zone factory in Athi River, near Nairobi. Textile workers and business owners in Kenya complain that the import of cheap goods from China and second-hand textile goods from other countries are threatening their industry and suppressing the number of good manufacturing jobs available to Kenyan workers. The owners want the Kenyan goverment to control the flow of imports into the marketplace and to tax these impor

World output is seen at 118.02 million bales, more than the 117.16 million estimated in June, the USDA said in a report on Thursday. Production in India, the biggest grower after China, will total 28 million, 3.7% higher than forecast last month. Global stockpiles may be 94.34 million, up 10% from a revised 85.58 million the previous year. Cotton futures climbed 13% this year in New York on signs of rising demand and as a drought hampered crops in the US, the world’s biggest exporter. World co