The futures market reminds us of a deflating tire from which the air is slowly but surely seeping out, as the July contract had eight consecutive losing sessions for a total drop of 624 points. The main culprit behind the market’s weakness is the dismal technical picture, which is prompting speculators to get out of long positions. However, the trade is complicit in the market’s downturn, as it hasn’t been doing much to stop the bleeding. Interestingly, while the futures market has hit t

Technical textile bag filled with oranges at a roadside fruit vender in India’s capital New Delhi Technical textile bags filled with cotton at a (mattress and quilt) tailor shop in New Delhi In the second of our new series of reports on established and emerging markets for innovative fabrics, Raghavendra Verma finds that India’s technical textile sector is struggling to grow, but its potential is vast. India’s technical textile industry is encountering some serious obstacles as it t

India can sign a yarn trade deal with another group, which includes China. — K.K. Mustafah With all the brouhaha over China-India border issues and election in Pakistan, one issue that has received little attention in the Indian media is the proposed US-led Trans-Pacific Trade Pact (TPP). This is understandable, as India is not party to the proposed trade pact involving Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the US.

During the last Memorial Day weekend at JCPenney departmental store of Manhattan mall, Six Avenue, Manhattan, New York, this writer noticed that around ten people had bought 100 per cent cotton summer shorts, made in Bangladesh within half an hour. "Bangladeshi garments have unique lustre and captivating look," his friend Anthony Giangos said delightfully. He further added: "How come this big giant like Disney forget its corporate social responsibilities!" The Walt Disney Company is the first b

The Triangle Shirtwaist Factory fire in New York City in 1911 forever made workplaces safer in the United States. The Rana Plaza factory tragedy in Dhaka, Bangladesh, must be this generation`s equivalent. When the eight-story building that housed at least five garment factories collapsed last month, information revealed in the aftermath about the slave-labor working conditions was appalling. The building`s owner, described in the Bangladeshi news media as a 35-year-old thug involved in illegal

(ANTARA/Siswowidodo) Textile and textile product (TPT) industry and footwear industry are major contributors to sustaining the country`s manufacturing sector. The TPT and footwear exports were valued at US$12.46 billion last year, director general of manufacture industry Panggah Susanto said here Thursday. Apart from major contributor in export earning the two industries are labor intensive providing large jobs, Panggah said. He said the country`s footwear industry provide 1.8 percent

U.S. sports giant Nike has said it is “concerned” by allegations that Cambodian police used force while trying to quash a protest by workers at one of its supplier factories in Kompong Speu on Mon­day. “As outlined in Nike’s Code of Conduct, Nike re­quires its contract manufacturers to respect their employees’ rights to freedom of as­sociation,” said Ryan Green­wood, head of communications for Nike U.K. and Ire­land, in an email. On Monday, about 4,000 workers from Sab

Nantong Teijin Co, the Teijin Group's polyester textile manufacturing and processing company will showcase a range of functional materials at the Shanghai International Occupational Uniform Exhibition, China's sole international uniform show, which will be held at the Shanghai Everbright Convention & Exhibition Center from June 5-7, 2013. The company will promote its ongoing expansion in China's fast-growing market for uniforms. Located at B09-10, it will present high-quality polyester-b

About 3,500 workers protested on Wednesday at a factory in Cambodia that makes clothing for U.S. sportswear company Nike, refusing to give up their campaign for higher pay despite a crackdown by police this week. At least 23 people were injured on Monday when police with riot gear and stun batons were deployed to disperse about 3,000 workers, most of them women, who had blocked a road outside the factory owned by Sabrina (Cambodia) Garment Manufacturing in Kampong Speu province, west of the c

Vietnam is estimated to have earned $6.39 billion from exporting garment and textile products in the first five months of this year, up 16.7% from a year earlier, said the government’s General Statistics Office (GSO). The country fetched $1.4 billion from shipping these products abroad in May, compared to the revised figure of $1.24 billion in April, the office noted. During the five-month period, the garment and textile sector remains the country’s second largest foreign currency earner f