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Indian Technical Textiles market to grow four times by 2020

“Indian Technical Textiles market is set to grow by more than 4 times to $37bn in the next 12 years i.e. by 2020”, estimates FICCI – Technopak Report on ‘Indian Technical Textiles Industry: Stimulating Demand and Promoting Development’. The report pointed out that the growth of ...

India:Global cotton prices to rise 8% in FY09 on rising demand

Cotton prices in the global market are likely to surge by over 8% to 80 cents per pound in 2008-09, triggered by the price trend of competing crops like soyabeans, corn, wheat and other oilseeds, the Washington-based International Cotton Advisory Committee (ICAC) said. Apart from ...

Nepalese Garment Exports To U.S. Fall Drastically

The exports of the Nepali readymade garment (RMG) to the United States witnessed a huge fall of 66 per cent in terms of value in March, 2008. The apparel products valued over US$998,820.70 were exported to the US in March as against over $2.89 million in the corresponding period ...

India:Geo-Textiles key to survival of Jute industry

The survival of the jute industry lies in varied applications in diverse areas like geo-textiles was the general consensus at a workshop organized in Kolkatta by International Jute Study Group, Dhaka. An international workshop on Jute Geotextiles–Technical Potential and ...

Turkey:Teknik, Tüyap & TEMSAD to organize greatest textile technologies show

World Textile Giants will meet at the third ITM Exhibition to be held at TUYAP BEYLIKDUZU Exhibition and Congress Center on 6-10 June 2009. Official dates of ITM 2009, which were not announced at the ITM 2009 World Launch organized at Novotel Munich on 16th September 2007 with ...

Underwear shoppers follow trend, go for sex appeal

Intimate apparel no longer has to be hidden in a corner, away from public views, says Lisa Osmond, co-manager at Victoria's Secret in Sioux Falls. "Society's view has changed," Osmond said. "Everything used to be so conservative; now everybody is a lot more open and women are not ...

NIGERIA: Government determined to revamp the textile industry

Minister of Commerce and Industry, Charles Ugwu, yesterday said Nigeria is at a crossroad as regards reviving the ailing textile industry, but expressed government's determination to revamp the industry with N70 billion fund being sourced by UBA and the NEXIM Bank. Ugwu, who was ...

Greater competition from India dampens US cotton exports

Stiff competition from the Indian fibre in the global market is eating into America's cotton exports, which is expected to be lower by 12 lakh bales during 2007-08 marketing year, US Department of Agriculture has said. "India is providing greater competition to the US as its ...

Nordstrom says California, women's apparel weak

Upscale U.S. retailer Nordstrom Inc (JWN.N: Quote, Profile, Research), which has reported declines in sales at stores open at least a year for four of the past five months, on Wednesday said weakness in California and in women's apparel has hurt results. "Those two areas are ...

India:70-80% of footwear units in unorganized sector

India is the World's second largest producer of leather footwear; with an estimated production of over 900 million pairs per annum. Of all the leather products, footwear has registered the highest growth rate of 18% CAGR (Compound Annual Growth Rate) in 2005-06. Exports in 2005...

USA:Mr. Kaden brings extensive apparel industry expertise to M&A

Net Worth Solutions Inc, a merger and acquisition advisory firm that provides investment banking services to the fashion industry, formally announced the appointment of Matt Kaden as Associate Director. Mr. Kaden has a diverse portfolio of financial experience in strategic ...

USA:Children's hooded sweatshirts recalled by Urgent Gear

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. Name of Product: Micros Boys' Hooded ...

India:TWRFS to provide relief to closed textile mills workers

The Union Government is implementing a scheme Textile Workers Rehabilitation Fund Scheme(TWRFS) to provide relief to workers of closed textile mills. This information was given by the Minister of State for Textiles, Shri E.V.K.S. Elangovan, in the Lok Sabha, in a written reply to ...

UK:American fashion chain opens first British store

Gap Inc sees the launch of Banana Republic’s first European flagship store - opening in Regent Street, the heart of London’s west end - offering a unique international destination, synonymous with quality, heritage and style. 17,000 square foot, over three floors the store will ...

Burlington Apparel gets $8.8M uniform contract

The Defense Supply Center Philadelphia has picked up an $8.8 million option to produce fabric for the Navy as part of a contract awarded to Burlington Apparel Fabrics last year. Burlington, a unit of Greensboro-based International Textile Group, will produce up to 826,800 yards ...

USA:Kuraray highlights new advanced fibers & nonwovens at TTNA

Kuraray America Inc, a worldwide specialty materials manufacturer, will feature Vectran HT and exhibit a diverse portfolio of advanced fibers and nonwovens at Techtextil North America (Booth 1803), April 1-3, 2008. The company will highlight Vectran HT, a high-tenacity fiber that ...

UK:Roller coaster ride in cotton continues

NY futures dropped precipitously this week, with May falling 979 points to close at 71.02 cents, while December sold off 925 points to close at 79.28 cents. The market's rollercoaster ride continued this week, as values dropped down to long-term support levels before rebounding ...

USA:Saab to launch ecological clothing collection

Our planet is in trouble. 200 years of industrial and agricultural development have put the sensitive ecological systems off balance. The problems are man-made. Most of us realise that we can overcome these problems, even if it's a long way to go. But we can't go on like before. ...

UK:Stylish waterproof jackets from Glenmuir

The strength of Glenmuir’s growing performance outerwear range is showcased this Spring Summer by the Scottish company’s flagship Rain Bloc waterproof jackets. The men’s Inverurie and ladies’ Elie waterproof jackets from Glenmuir - one of Europe’s leading golf apparel brands - ...

USA:Global orders of clothing & footwear up at Oregon-based shoe maker

NIKE Inc reported financial results for the third quarter ended February 29, 2008. For the quarter, revenue grew 16 percent to $4.5 billion, compared to $3.9 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 6 percentage points ...
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