Prices softened overall in this week's wool sale, the last for the year. Interest from China generated more demand for the finer end of the offering of almost 19,000 bales of South and North Island wool. Overall, however, prices softened, with those at the coarser end dropping the most, as more supplies come onto the market. Wool Services International reports mid micron fleece generally remained firm but fine cross-bred shears were up to 2% cheaper. Coarse cross-bred wool prices fell by

The Textile, Garment & Leather Employees Union (TGLEU) has stated that government must waive some of the taxes local textiles companies pay to enable them thrive. According to the Union, it will begin negotiations with government early next year on the matter after submitting a presentation on the issue. Its latest move follows the closure of two textile manufacturing companies Akosombo Textiles Limited (ATL) and Akotex Synthetics Limited by the Ghana Revenue Authority (GRA) last week for

A worker examines fabric at a textile factory in Faisalabad, Pakistan. – AP (File Photo) Industrialists attached with the textile sector announced on Monday that they would run their factories forcibly from Tuesday (today) and would not follow any gas closure schedule in future. Entrepreneurs also staged a demonstration outside the Sui Northern Gas Pipelines Limited offices on Sargodha Road and blocked traffic for more than two hours. Pakistan Hosiery Manufacturers Association Vice-Chai

China will not lose its competitiveness in the manufacturing sector any time soon despite the rising labor cost, said Zheng Yongnian, director of East Asian Institute, National University of Singapore Tuesday. Speaking in Singapore on Tuesday on the investment opportunities in China's inland west, Zheng said that, while some companies relying on cheap labor are indeed moving out of China, most manufacturing firms leaving the coastal east are actually moving within China to the central provinc

The Apparel Export Promotion Council, representing industry bodies in apparel and textile sector, on Tuesday said it is "disappointed" with the Reserve Bank mid-quarter monetary policy review. The apex bank today kept the key interest rates unchanged but hinted at easing rates in January stating that with decline in inflation, the focus of monetary policy would shift to the task of removing impediments to growth. Overlooking demands of the industry and the bankers, RBI left the short-term

China Textile City Fabric Market (2012-12-20)Unit: yuan/m Collector: Jiang Jianren Item WidthCM Specification/Weight（meter） Wholesale Price：yuan/meter Wool/Viscose gird cloth 150 560 25．50 Wool/viscose cloth 150 520 27．50 Cotton Pad-dyed Drill 150 16S×12S 108×56 15．00 T/R single-thread yarn dyed seven-color checked woolen cloth 150 500 16．00 Wool/Viscose mix-colored s

Office-bearers of Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Tuesday warned the government of a huge decline in textile exports on the back of the shortage of gas. They said that the shortage of gas would also badly hit the national economy, adding that industrial closures would result in massive layoffs. "Export-oriented industries in Faisalabad are compelled to shut down production for seven days a week in the wake of gas outages," PHMA's chairman Muhammad Jawed Bilwa

Sri Lanka's apparel sector has progressed from its origins to the ODM stage (original design manufacturing) and is now striving to stamp its seal as a leading international OEM (original equipment manufacturer) supplier to the world market, Minister of Industry and Commerce of Sri Lanka Rishad said today. Addressing the inaugural event of the 22nd Annual Ransalu national textile exhibition on Tuesday (December 18) at BMICH in Colombo, Minister Bathiyutheen said Sri Lanka's textile and handloom

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