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Emirates Fibre commissions PSF plant in UAE
Emirates Fibre, a subsidiary of bedding material producer Safetex Group, recently commissioned its polyester staple fibre (PSF) plant. Emirates Fibre hopes to cater to demand from the domestic market...
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Oriental Weavers to Invest 33USD Million for Expansion
Oriental Weavers Co., Egypt’s biggest carpets manufacturer, plans to invest 200 million Egyptian pounds (33USD million) on expansion projects this year, Al Borsa reported.
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Pakistani textiles losing their edge
Textile entrepreneurs regret that Pakistan is rapidly losing its technological edge to regional competitors such as India and Bangladesh, who continue to invest heavily in upgrading their textile tech...
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Fujairah launches biggest textile factory in Middle East
The emirate of Fujairah, known for its port and beachside resorts, now also boasts the biggest textile factory in the Middle East.
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Egypt Agreed To Export 501.5 Metric Tons Of Cotton
Egypt agreed to export 501.5 metric tons of cotton in the week through June 7, the Alexandria Cotton Exporters Association said today in its weekly bulletin.
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NPD Group: Apparel market up 4% in 2011.
The US apparel market staged a marked recovery in 2011, rising by 4% to $199 billion, according to market research company NPD Group
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H&M’s new luxury chain to be called “& Other Stories”.
H&M Hennes & Mauritz confirmed to today that its new chain will be called “& Other Stories.”
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UK: Jack Spade opens London store.
Jack Spade has opened its first European store in London’s Soho neighborhood. The 1,000 sq. ft. store stocks the brand’s full collection of bags, wallets, apparel and accessories
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Global cotton trade to rise 9% in 2011/12.
International Cotton Advisory Committee (ICAC) reported that global cotton trade and prices are affected to a large extent by government policies in China and to a lesser extent by policies in India.
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Nike sees third-quarter net profit rise 7%.
Nike recorded a 7% increase in net income as the company registered “continued strong demand” for its products.
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Sweden: H&M first-quarter net profit increased 4.6% to 411.2 USD million.
H&M Hennes & Mauritz has recorded first-quarter profit growth, but admitted that gross margins were hit by higher costs and increased markdowns.
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India involves WTO with Egypt recent import duties on cotton yarn
India has requested consultations with Egypt as per the provisions of the World Trade Organization (WTO) Agreement on Safeguards, in response to Egypt’s imposition of special import duties on Indian c...
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Turkey Textile Orders Pick Up on Weaker Lira
Turkish textile producers’ order- intake has risen by 20 percent as a weaker lira makes prices more attractive and the crisis in Europe makes brands wary of ordering large quantities of goods from Asi...
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Pakistan gets textile trade waiver for European Union markets
Pakistan's efforts to revive its export sector have received a big boost after some of its goods were given duty free access to the European Union (EU). The World Trade Organization (WTO) has approved...
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Vietnam’s garment and textile industry is facing several challenges.
Vietnam’s garment and textile industry, which earned the highest export revenue of US$ 15.6 billion for the country last year, is facing several challenges, including lack of sufficient orders.
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Indonesia reduces textile export target for 2012.
Indonesia has downwardly revised its current year target for its textiles and garment exports to US$ 13 billion from the earlier US$ 13.7 billion, following its failure to achieve the last year’s targ...
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Brazil’s fast growing economy has positive effect on country’s textile and clothing industry.
Brazil’s fast growing economy and the population’s buoyant spending have resulted in a large increase in per capita textile and clothing consumption. The increase in consumption has led to a big boost...
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US: Retailers' January 2012 sales roundup.
The following is a general roundup of US apparel and shoe retailers' January 2012 sales results.
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Spain: Spanish apparel sector shifting base nearer home.
Spanish apparel firms have relocated about 15 percent of their manufacturing activity from China to Spain and other countries in the region, including Portugal, Morocco and some East European nations.
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China Captures 40% Increase of World Ending Stocks.
While many countries seek to reduce stocks due to sluggish demand and price fluctuations, China is seeking to increase their reserves to prepare for an increase in domestic demand.