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Arafa Group acquires the British SRG for Garments
The amount of the indenture will be announcement by the end of March 2008. Arafa Group for investments has signed an agreement to takeover 100% of the British SRG stocks that deals with buying Menswea...
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Textile Workers Demand Higher Wages
At least 10,000 employees of Egypt’s biggest textile factory gathered last month to protest against price hikes, and demanded a sharp rise in minimum wages nationwide. Workers at the Ghazl Al Mahalla...
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Italian Fashion Brands to Set Up Shop
Ten Italian companies have announced they will set up textile, apparel and leather goods factories in Egypt. Their brands, which include Marzotto, Ermenegildo Zegna, Valentino and Salvatore Ferragamo,...
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Cotton consumption goes down by 1.9 mn bales
Highlights: • 2006-07 World mill use estimated at 123.2 million bales, down 340,000 bales from February. • 2007-08 World production estimated at 118.9 million bales, down 320,000 bales from February....
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Manufacturing industries index comparatively higher by 1.6%
On an annual basis production for Manufacturing Industries for January 2008 was 1.6% higher than in January 2007. The seasonally adjusted volume of industrial production for Manufacturing Industries f...
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INDIA: Anti dumping duty on Chinese silk
China is the world's largest producer of silk and India is its largest market. The problem is that India is also a major manufacturer of silk. Indian silk producers claim that the price of Chinese sil...
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India Polyester Fiber and Yarn Prices (Monthly Report)
Polyester prices in India have remained almost unchanged in March, as reflected by our series of statistical tables. The Union budget 2008-09 did not bring in any major modifications for the polyester...
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ISRAEL: Delta Galil names CEO of US and Europe
Intimate apparel maker Delta_Galil Industries Ltd has named Mr Zvika Shamir as CEO of its US upper market and Europe intimate apparel division and Mr Motti Fireman as vice president of human resources...
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AUSTRALIA: Government to review clothing industry
The federal government is to carry out a review of Australia's textile, clothing and footwear industries with a view to developing new strategies for its long-term future. The assessment will be condu...
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Polyester Intermediate Prices on the Asian Market (Weekly Report)
The surge in oil prices will not be easily transmitted to polyester prices. Although crude oil prices reached a new record in New York, boosting spot paraxylene prices in Asia, PTA and MEG prices did...
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Cotton Market Confronted with Strong Volatility (Weekly Report)
The New York's market looked crazy in the last week, being affected by an extremely high volatility in prices. U.S. futures finally returned to their previous levels after sharply sliding on Thursday...
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Cotton Yarn Export Prices in Pakistan (Statistical Report)
Cotton yarn export prices are reaching a very high level in Pakistan, depressing demand from foreign buyers as a result, although inquiries are still received from the Far East. Stronger demand on the...
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Polyester Staple Fiber and Filament Prices in China (Weekly Report)
Polyester prices suddenly stopped rising in China, reflecting a relatively low level in demand in this part of the year. With crude oil prices further surging and polyester intermediate prices potenti...
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U.S. Apparel Imports from India in 2004-2007 (Statistical Report)
Apparel imports from India slightly declined in the last year. The setback was not only due to the rise in the rupee, but also to more direct competition from China after its exporters raised their pr...
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Cotton Market Stabilizes after a wild week
The more things change the more they stay the same. After one of the craziest weeks in cotton prices since the Civil War, the spot month has returned to the previous trading range after a wild week of...
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Consumer Prices Grow by 6.5% on Annual Basis
Compared to January 2008, in February 2008 consumer prices remained unchanged, while at annual level they grew by 6.5%. In February 2008 consumer prices remained unchanged: Compared to February 2007,...
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Retail sales of goods grow 1% in January 2008
According to Statistics Estonia, the retail sales of goods of retail trade enterprises grew 1% in constant prices in January 2008 compared to January of the previous year. The growth rate of retail sa...
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Textile Industry Hit by Unduly High Lint Prices
Textile companies of Zimbabwe are facing a near collapse as a result of soaring prices of cotton lint and high duty imposed on imported raw materials and inputs. The consequences are so threatening th...
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EICA Releases Cotton Spot Rates
For the past many years, the East India Cotton Association (EICA) has played a significant role not only in the development of all the required infra-structure facilities for smooth and orderly market...
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Latvia : Exports of textiles & textile articles down in December
Compared to November 2007, the value of exports in current prices in December 2007 decreased by 10.8% or 39.8 mln lats, but in comparison with December 2006 it increased by 12.9 % or 37.4 mln lats, re...