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India : High interest & wage cost erodes Textile Profit margins

While rising value of rupee against dollar has sent small textile companies into losses, big brands are striving with high interest, raw material and labour cost to save their declining bottom lines, says Mr. Venugopal N. Dhoot, President of the Chamber while releasing the study ...

Weaving Success! Small sops won't do; textiles need more

The recently announced sops — marginal increase in DEPB and drawback rates — can hardly reverse the declining trend in textile and garment exports. Nor would the commerce ministry’s comparatively more useful proposal to neutralise state-level taxes in export content, which the ...

UK : NP Collection to track all garments with UPM Raflatac

NP Collection has become the first fashion company in Scandinavia to pilot an RFID-based total supply chain solution. The pilot started in June 2007 with the aim of improving the efficiency of the company’s supply chain logistics. As NP Collection is in the process of opening its ...

Nigeria: Collapse of the Textile Industries

The shocking recent closure of the United Nigeria Textile Limited (UNTL), Kaduna, that was established in 1965 marks the final collapse of our booming textile industry that was reputed to be the highest employer of people after the government. With its closure, over 4000 workers ...

South Africa: Textile Tariff Plan a Boost for Factories

THE trade and industry department's plan to cut tariffs on key inputs into strategic industrial sectors has got under way in earnest, with its International Trade Administration Commission (Itac) announcing the review of tariffs on textiles, which should help lower costs for SA's ...

India: Rising rupee, China factor unlikely to hurt textile trade

COIMBATORE: Despite the effect of appreciating Rupee and impending threats from China with its export restrictions ending by 2007, Indian textiles industry remains undeterred as international brands and buyers look at India to broaden their sourcing base. According to a CII-Ernst ...

USA : New advances in smart fabrics - Frost & Sullivan

The convergence of textiles, chemical engineering, materials and electronics is likely to lead to the evolution of the next generation of smart fibers and fabrics that can genuinely act in an intelligent manner. New analysis from Frost & Sullivan, Advances in High Tech Polymer ...

Pakistan competes hard in global textiles market

PAKISTAN is figuring out where to position itself as Asia turns into global hub of textiles production and export. The stagnation and slow growth in exports is continuing, as shown even in the July-August- the first two months of the current fiscal 2008. Textile exports in these ...

India : Govt awaits approval of textile hub Textilpolis

Government is considering setting up a textile hub, which will be named ‘Textilpolis’. This center will aim to coordinate the workings of different export promotion councils (EPCs) and establish a reliable database. This initiative has been proposed since there is no single ...

South Africa : Sasol expands chemical biz in China

Sasol announced the opening of an office in Shanghai to market its diverse range of chemical solvents in China. Sasol Chemicals Shanghai Co Ltd (SCS) will initially market products from the global Sasol Solvents business. Sasol Solvents operates plants in South Africa and Germany ...

India : SRTEPC to get more realistic exports trend in coming months

Exports of Indian man-made fibre textiles touched an all-time high of Rs.11,300 crores during 2006-07; showing a growth of over 10% compared to the previous financial year, observed Shri Sanjeev Saran, Chairman, The Synthetic & Rayon Textiles Export Promotion Council on the ...

Pakistan: Banks, APTA discuss relief on outstanding loans

KARACHI: Banks have assured the textile industry to give serious thought to its proposal of two-year moratorium on payment of outstanding loans, however such an action could be on case-to-case basis instead of extending it to the whole sector. A delegation of All Pakistan Textile ...

India : EICA releases cotton spot rates - Sept 19

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 marketing of cotton but also in the service of the textile industry of the country. ...

France : Expofil bounces back

After a February session marked by the successful installation of the exhibition in Hall 5 of the Parc d’Expositions, Paris-Nord Villepinte next to Première Vision, the next edition of Expofil, which will take place from 18 to 21 September 2007, is announced with encouraging ...

India : Fabric brand Donear announces unaudited financial results for quarter

Fashion fabric brand DONEAR INDUSTRIES LIMITED announced its unaudited financial results for the quarter ended 30.06.2007. The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 31-07- 2007. The Company is ...

India : Technology Mission on technical textiles to be set up

The Prime Minister, Dr. Manmohan Singh, has called upon the Textile Industry to look far into the future and invest for the coming two decades and not for the next season. He said the textile industry must show aggression and spirited enterprise like in other sectors of ...

India : Innovation a never-ending story

Textile industry, domestic as well as global, is blooming and flourishing rapidly. It has become one of the pillars of country's economy. Some of the important features include branding and innovation. Fibre2fashion contacted some of the top textile players so as to get their ...

United States and Korea sign free trade agreement to impact Changhua

The signing of a free trade agreement (FTA) between the United States and South Korea might have a serious impact on the textile industry of Changhua County in southern Taiwan, Changhua Magistrate Cho Po-yuan said yesterday. The two countries signed an FTA June 30 that will help ...

Pakistan: New textile policy to link rebates with targets

KARACHI, July 30: Textile tycoons in Karachi, Lahore and Rawalpindi wait anxiously for the much-talked about long-term textile policy as abrupt political developments and bomb blasts delay the presentation of a draft before the prime minister by Textile Minister Mushtaq Cheema. æ...

USA: Sign of bad textile times: Dan River Va. outlet store closes

DANVILLE, Va. (AP) - The Dan River Outlet in Danville is closing its doors today -- a sure sign of the continuing decline of Virginia's textile industry. The store has long been a destination for bargain hunters seeking discount Dan River Mills discontinued and overstocked ...
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