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EGYPT: Egypt finally raises minimum salary to become closer to reality
Egypt is set to increase its minimum wage to US$117.8 (Egyptian Pounds EGP700) a month, but the move is not expected by garment manufacturers to hit competitiveness.
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EGYPT: El Nasr Clothing & Textile Co (Kabo) reported a net loss of L.E 10.7 million for the 9 months to end-March.
Egyptian garment maker El Nasr Clothing & Textile Co (Kabo) reported a net loss of 10.7 million Egyptian pounds ($1.8 million) for the nine months to end-March, the stock exchange said on Monday.
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TURKEY: Turkish Taha Group expands presence in Egypt manufacturing and Retail.
Having maintained stable growth since its establishment in 1988, Taha Holding has become one of Turkey’s leading textile producers and exporters and looks to expand into Turkey’s neighboring markets w...
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TUNISIA: Textile and Clothing exports increased by 10.15 % in the first 5 months of 2011.
The textile-clothing sector's exports rose by 10.15% in the first five months of 2011 compared with 2010, generating revenues estimated at 2 282 million Dinars.
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CHINA: China`s apparel imports climb 62% in first four months of 2011.
Apparel imports into China (the world’s largest apparel exporter) are growing at a sharp rate. The mainstay of imports is luxury brands as a result of an increase in purchasing power, but the growth i...
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EGYPT: Major spinning and weaving company reduces yarn prices.
The Holding Company for Spinning and Weaving has decided to reduce the price of yarn by LE4 for the local market, according to company Chairman Mohsen al-Jilani.
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INDIA: Carpet exports up 19 percent in April.
Carpet exports grew by about 19 percent to USD 56.53 million in April 2011, due to demand surge from the western markets.
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Czech non-woven textile firm to build 60m euro plant in Egypt
Czech maker of non-woven synthetic textiles, Pegas Nonwovens, will invest 60 million euros into a new factory in Egypt as the first step of its international expansion, the company said on Wednesday.
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UNITED KINGDOM: Marks & Spencer revenue hits £9.7billion.
UK apparel retailer Marks & Spencer has reported a 4.2% increase in revenue from £9.3bn to £9.7bn, for the full year ending April 2, 2011.
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Italy: Italian yarn exports up by 20%.
The Italian yarn industry is recovering strongly from the global recession, with recent figures pointing to a significant upturn in sales, and several key factors leading to a renewed confidence in th...
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UK: Invista to invest 100 million USD in Brazilian fibre plant.
Invista is to invest over $100m in a new Lycra fibre production plant in Paulínia, São Paulo.
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UK: Burberry has booked strong profit and sales growth for fiscal 2010/11
Luxury fashion firm Burberry has booked strong profit and sales growth for fiscal 2010/11 and indicated it will invest heavily in its stores this year.
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United Kingdom: Marks & Spencer reports a full-year profit growth.
Marks & Spencer Group Plc ( MKS), the U.K.’s largest clothing retailer, said the economic outlook remains challenging after it reported 13 percent growth in profit in Chief Executive Officer Marc Boll...
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EGYPT: Spinners Exporters Battling It Out in Egypt.
One of the events that defined the cotton industry in 2010 was India’s ban on cotton exports. It could be déjà vu again in 2011, not just in India, but also in Egypt. Things should be fine for the nex...
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TUNISIA: Textile and Clothing exports show a positive trend in April 2011.
Results of the textile and clothing trade for the month of April showed positive trend compared with March 2011, posting a growth of 17.68% for exports and 25.03% for imports.
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Vietnam: Vietnam`s imports of fabrics up by 46 % in the Q1st. of 2011
According to statistics of Vietnam Customs, Vietnam's imports of fabrics in the first quarter of 2011 amounted to US$1.46 billion, up 46% over the same period of last year, making up 6.31% of the coun...
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Turkish Mega textile workers' strike in El Sadat city shows no sign of ending
The strike in the Turkish woven apparel factory located in Egypt continues, as the young and relatively inexperienced workers are showing impressive determination; the strike is their sixth in four ye...
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JAPAN: attractive market for Vietnam`s garment and textile exports.
A seminar on garment and textile trends in the Japanese market and opportunities for Vietnamese businesses was held in Hanoi on May 10, with the presence of Fumio Koyama from the Japan International C...
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INDIA: India Seeks to Boost Investment in the Textiles Industry.
In an attempt to inject foreign capital throughout its textile value chain, the Indian government has announced it will provide a maximum subsidy of $438 million in the hopes of attracting a total inv...
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BANGLADESH: Apparel sector to grow by 14 percent annually over the next four years.
The Bangladesh apparel market will grow by more than 14 percent annually over the next four years, according to a market research.