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Pakistan Textile exports down 9.27pc in 10 months
Due to prevailing power crisis and high interest rates, the export of textile products has declined by 9.27 per cent during the first 10 months (July-April) of the current financial year, making the a...
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Egypt's Arabia Cotton 9-month net profit slips 59 pct
Egypt's Arabia Cotton Ginning posted a 59 percent plunge in net profit on Tuesday to 19.6 million Egyptian pounds for the nine months to end-March, the company said.
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Egypt implements stimulus plan to support the spinning industry
The holding company for spinning and weaving which is owned by the Egyptian Government has finished preparing the procedures of the competitive payment to spinning mills which is approximately 0.50USD...
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US textile Giant Milliken closing Sharon Plant
A strategic economic step taken by textile giant Milliken & Co. means the loss of employment for 140 workers at the company’s Sharon Plant. Milliken announced Wednesday it is selling the automotive bo...
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UK April retail sales up 0.9 percent from March
Retail sales in the UK rose 0.9 percent in April from March, but the increase over a three-month period was the lowest in 13 years, the government said Thursday.
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61% Decline in China`s 1Q textile machinery imports
According to a report compiled by the China Chamber of Commerce for Import and Export of Textiles, based on customs statistics, the nation’s imports and exports of textile machinery during January-Mar...
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Textile manufacturers in Taiwan register decline
Taiwan's textile manufacturers registered a decline in production value in the first quarter, said ITIS, the market research agency under the Ministry of Economic Affairs, yesterday.
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Sri Lanka apparel industry records 20.3 percent growth
The apparel industry of Sri Lanka has maintained its steadiness and mitigated the impact of recession on the economy by its satisfactory performance in the first quarter of 2009.
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Indonesian Textile Sector May Recover Soon
Exports of Indonesia's textile industry suffered a contraction in the first quarter this year but at a slower pace than in the previous quarters, bringing hopes of a recovery in the next quarters, an...
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China's Q1 Textile Industry Profit Growth Hits 24.4%
China's textile and clothing industry recorded improved profit growth in the first quarter of 2009, which hit 24.4 per cent, up from the 17.6 per cent in the January-February period, according to stat...
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Tunisia is keen to promote textile trade with Pakistan
Ambassador of the Republic of Tunisia to Pakistan H.E. Mourad Bourehla called on Federal Minister for Textile Industry, Rana Farooq Saeed Khan in his office Wednesday and discussed with him matters of...
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30% of Pakistan textile industry closed down
All Pakistan Textile Mills Association (APTMA) has expressed concern over latest determination of power tariff by National Electric Power Regulatory Authority (NEPRA), allowing DISCOs to raise tariff...
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China`s textile and garment exports continue to face four serious challenges
The report recently issued by the General Administration of Customs points out that China's textile and garment exports will continue to face four serious challenges like poor demand in overseas marke...
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Egypt's Oriental Weavers Q1 net income rises 14 pct
Egypt's Oriental Weavers (ORWE.CA), the world's biggest machine-woven carpet producer, posted a 14 percent rise in net income before minority interest to 107 million Egyptian pounds ($19 million) on h...
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China cuts inspection fees on textile exports
China is cutting customs inspection fees on textile exports this year in a move to help the sector, which is a big provider of jobs, the Ministry of Finance said on Thursday. Fees on textiles exported...
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The Apparel Industry Needs a Better Supply Chain
A new report from AMR Research shows that the apparel industry is not spending as much on IT as it used to, and according to one of the report’s principal authors, this is a symptom of a much bigger a...
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World cotton stocks to shrink
U.S. and world ending stocks for cotton are expected to shrink in 2009-10, according to USDA’s first assessment of U.S. and world supply and demand for the new marketing year.In its May 12 World Agric...
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UK April clothing sales strongest since 2006
Retail like-for-like sales rose 4.6% in April, with clothing showing the strongest growth since late 2006, according to the British Retail Consortium (BRC). Total retail sales were up 6.3% over the mo...
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Marc O’Polo claims major fashion industry award
Premium casual fashion brand Marc O’Polo was this week presented with the 2009 Forum Award by leading fashion trade journal TextilWirtschaft, at a ceremony held at the Print Media Academy of Heidelber...
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Morgan Stanley sued by GISAD Turkey
Turkey’s sixth-largest export company, GİSAD, files a 200 million euros lawsuit against USbanking giant Morgan Stanley. The Turkish firm claims Morgan Stanley wanted to ’create chaos’ by asking for so...