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Taiwan : Formosa attempts to strengthen textile base in Vietnam

An investment of 10 billion is proposed by Taiwan’s Formosa Petrochemical Corporation to expand its textile base in Vietnam. The investment is likely to get channelized by 2009 and aims to add nylon fibre and enhance yarn production. The project is anticipated to encourage ...

Brazil: MMF Textile Production Sinks

Man-made fibre production of Brazil has been witnessing a significant slump since December 2004 as cotton started making inroads in to domestic markets capturing its market share. This collapse accelerated in the second half of 2005 as downstream demand waned due to low apparel ...

Apparel Output Growing at Slower Pace than Retail Sales

China´s January through September cumulative apparel output reached 14.422 billion pieces, a year-on-year increase of 14.2 percent. Production is at a new record, and January through September fixed asset investment in apparel manufacturing reached 48.998 billion yuan, with an ...

Textile Ministry has Brand New Strategy

The textiles committee will also act as the nodal agency for Handloom Mark. The quality certification mark for handloom products which is being created along the lines of the Silk Mark will be implemented by the textile committee. Unlike the Silk Mark which is implemented by the ...

China to Cancel Textile Export Tariffs

Jin, also chairman of the Customs Tariff Commission of the State Council, said the export tariff on textile products China imposed in early 2005 was intended to safeguard the normal order of the world's textile trade. As China reached agreements with both the European Union and ...

Chinese sportswear shop to damage for selling fake Puma clothing

A southwest China court has ordered a local shop to pay German sportswear maker Puma 20,000 yuan (2,700 U.S. dollars) in damages for trademark infringement. Puma Aktiengesellschaft Rudolf Dassler Sport filed a suit against a sportswear shop in Chengdu, capital of Sichuan Province...

Govt. Abolishes Sales Tax from Textile Industry: Mushtaq Cheema

Addressing in the meeting held with the Chairman APTMA and textile manufacturers, he said government was actively considering the solution of problems of textile industry as sales tax had been abolished from the textile industry which was the main demand of this sector and out of ...

Taiwan: MMF Production on A Downslide in October

Indicating a double-digit fall since last six month in a row, total man-made fibre production in Taiwan plunged 10.4 percent in October. The production reached down to 260210 tons. From January to October, total man-made fibre production weakened 15.1 percent and went down to ...

Asian Countries Outside China Losing Shares on EU Apparel Market

The surge in EU's clothing imports from China negatively affected shipments from other countries in Asia and Africa, said the French Fashion Institute during its recent conference on global textile prospects for 2006. EU's total apparel imports will reach about 51 billion euros ...

Youngor buys US shirt firm

An employee at a Youngor warehouse. Zhang Heping The nation's leading shirt and suit manufacturer, Ningbo-based Youngor Group Co Ltd, has signed an equity purchase agreement with US firm Kellwood Co and its subsidiary Kellwood Asia Ltd. The deal is part of the local menswear ...

USA: Cotton should not be Isolated in Trade Talks, Says Gary Adams

Any attempt that singles out cotton over farm trade negotiations during the meet at Hong Kong would be opposed by US cotton industry, said Gary Adams, Vice President for Economics and Policy Analysis of US National Cotton Council. The US would propose additional initiatives for ...

Nigeria: Clothing & Textile Prices Shoot Up as Xmas Nears

Approaching Christmas eve, the rise in demand for goods pushes prices, as well, reveals a survey. Lagos, the Nigerian capital currently experiences this, as dramatic rise in textiles prices in particular have been registered. A five-yard of lace material that used to cost N6000 ...

Study: Chinese toys as safe as those made elsewhere

Despite the media attention paid to the alleged dangers associated with Chinese-made toys, they pose no more risk than toys made elsewhere and may even be safer, a Canadian study has found. The recalls of Chinese-made toys are no more frequent than of toys made elsewhere, says ...

China reveals producer name of toxic bead toy

China's quality control watchdog said late Saturday initial investigations had found the bead toys that were recalled in the United States contained toxic substance. The toys, products of Australia-based Moose Enterprises, were manufactured by the Wangqi Product Factory in China...

EU: Anti Dumping Duties ?Boon or Curse

Ecco, a Danish shoe manufacturing company, has established its first factory in China where the cost of production is far lower than that in Denmark, following several others, to survive competition. But, only if the production cost is less, has been the motto for Eccco and the ...

Textiles Trade to Benefit from Peru-US FTA

United States Trade Representative (USTR) announced the brief summary of the US-Peru Trade Promotion Agreement. New Market Access for US Consumer and Industrial Products Eighty percent of US exports of consumer and industrial products to Peru will become duty-free immediately, ...

China: Textile industry profit loss: 42.1 billion yuan

Loss of China's textile industry profit reached 42.1 billion yuan (US$5.67 billion) in the first eight months of this year due to monetary factors and trade policy, according to the Beijing Times. Exports growth dropped 5.21 percentage points year-on-year due to lowered export ...

India: Textile Export to Touch USD 50 Billion by 2010

India Textiles Industry is poised for a quantum jump in exports by touching the USD 50 billion dollar mark by 2010. Secretary, Textiles Committee, Government of India, Rajib Aggarwal, speaking to newsmen here this evening on the eve of a one-day workshop on different of textile ...

China: Trands setter

While promoting his own menswear brand, Shi Xiaodong says he will not give up the OEM business that is the bread-and-butter for Dayang. "We will still make clothes for international brands while creating new value for them," says Shi, president of Dalian Dayang Trands Co Ltd, ...

GHCL Snaps up US Textile Major

Gujarat Heavy Chemicals Ltd (GHCL) has acquired over 90 per cent of the US-based home textile major Dan River Inc for $17.5 million. It has also taken over debt worth $36 million of bondholders and in addition a working capital loan of $40 million. Thus the sum total works out to ...
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finance

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industry

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