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Bangladesh yarn mills demand government stimulus package
Yarn makers yesterday urged the government to roll out a stimulus package to safeguard the sub-sector from any fallout from the global financial recession. The producers complained that they had suspe...
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US says no cotton trade deal yet but possible
The United States is committed to a deal on cotton in the long-running Doha trade talks, but has not yet reached an agreement, the outgoing U.S. trade chief said on Wednesday. .S. Trade Representative...
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Indian textile sector yet to receive stimulus package funds
The textile industry is yet to receive the Rs 1,400 crore promised in last month’s stimulus package to clear the backlog of reimbursements under the Technology Upgradation Fund Scheme (Tufs). The indu...
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APTMA warns of closing down textile units
The All Pakistan Textile Mills Association (APTMA) has warned that it would shut down textile units with immediate effect if the government does not accept its demands. An extraordinary general meetin...
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MAC Carpet to participate in Domotex Hannover 2009
MAC Carpet - the leading manufacturer of tufted printed carpets and rugs ? announced lately that it will participate in the 20th Domotex Hannover, that will take place during 17-20 January 2009 in Han...
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Egypt's Arafa buys stake in Italian clothing firm
Egyptian garment maker and retailer Arafa Holding has bought a 35% stake in Italian textile firm Forall Confezioni for US$34 million, Arafa said this week. The agreement gives Arafa the right to buy o...
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GLOBAL: Yarn Production Grows but of Fabric Lowers
Once more global yarn production rose in the 4th quarter of 2007 as a result of higher output levels in Asia and South America, whereas Europe and North America recorded lower ones. Fabric production...
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INDIA: Cotton Prices Boom, Effects are seen in Loom
Spinning mills across the country are reeling under the burgeoning pressure of rising rupee and unreasonably high prices of cotton which rose by 30 percent in the past few months thrusting the industr...
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AUSTRALIA: Wool Production Expected to Decline
Total Australian wool production is forecast to decline slightly in the 2008/09 season, despite expected higher output in Queensland and NSW. For 2008/09, shorn wool production is forecast at 385 mkg...
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CHINA: China May Raise Tax Rebate on Textile Exports
China plans to increase tax rebates on textile exports in a bid to support the textile industry, the Beijing Morning Post reported. Export tax rebates may be raised to 13 pct from 11 pct, while rebate...
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GLOBAL: Textile and Apparel Trade and Trends
World Textile and Apparel Trade and Production Trends US textile output fell for a tenth year in 2007, to its lowest level in over 35 years. Clothing output plunged by 40% in volume. Employment was al...
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INDIA: Textile Industry Workers in Coimbatore Demand Ban on Cotton Exports
Thousands of workers of textile industry took to streets protesting against export of raw cotton and hike in prices of cotton yarn. Workers of various textile association participated in the massive r...
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USA & EGYPT: US, Egypt Trade Surges in First Quarter
Bilateral trade between the US and Egypt is on the rise, with first quarter results surging 19 percent, said US Ambassador to Egypt Margaret Scobey. Scobey did not confirm her country’s stance on sign...
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PAKISTAN: Gas Price Hike to Increase Textile Production Cost by 15-20%
The recent spike in gas prices will have a spiraling effect of 15 to 20 percent on textile sector’s cost of production. Most of the textile companies are operating their mills on captive power plants,...
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Textile Exports May Touch $22 bn
Hit by shortage of cotton and rising input costs, textile industry has witnessed job losses of about 3.5 lakh this year even as its exports are likely to touch 22 billion dollars in 2008-09, a trade b...
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INDIA: Synthetic Textile Grows Despite Oil Price Rise
With a few sectors escaping the impact of the galloping global oil price, the synthetic textile industry appears to have got away relatively lightly with the increasing demand pointing to growing cons...
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AUSTRALIA: The Future for the Wool Industry is Positive
Australian Wool Innovation (AWI) has recently wrapped up another round of its “Road to 2010 Forums”, bringing the informative road shows to woolgrowers in a total of five key wool producing areas acro...
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INDIA: Export Ban May Ease High Cotton Prices
Worried over steep increase in cotton prices over the past few months, the government may temporarily ban export of cotton. The textile ministry is evaluating a proposal in this regard and is expected...
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UAE: Rapid Progress Expected for Textile Industry in the Middle East
According to recent reports, the textile industry in the MENA (Middle East & North Africa) region is expected to grow by 8% annually and reach US$ 65 billion by 2010.
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INDIA: Indian Silk Industry Hit by Chinese 'Quake'
Indian silk industry with an annual business of over Rs 10,000 crore has been hit hard by the last month's earthquake in China, a major supplier of raw silk for the manufacturing units in the country....