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Australia : Medium micron wools performs well in South & West

The Australian wool market finished 0.9% higher, on average, at sales in Newcastle, Melbourne and Fremantle this week. The AWEX EMI rose by 6¢ (+0.6%), ending the week at 959¢/kg. This reflected increases of 5¢ (+0.5%) in the North and 8¢ (+0.9%) in the South, with their ...

Less ground for cotton as trade dispute rages

Growing cotton has rarely been a more risky proposition than it is now, which is precisely why cotton farmer Frank Williams is planning to sow his fields with wheat. From Williams' California fields to the Texas plains, farmers are uprooting cotton -- once the king of U.S. ...

Switzerland : Rieter to acquire Berkol biz with all employees & trademark rights

Rieter signed a purchase agreement to acquire textile component manufacturer Berkol, a business unit of Huber+ Suhner AG based in Pfäffikon/Zurich (Switzerland). The Textile Systems Division will thus expand its product portfolio in the technology components sector and further ...

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 ...

Vietnam's garment exports to U.S. to surge this year

Vietnam is likely to earn 4.3 billion U.S. dollars from exporting garments and textiles to the United States this year, up 26.5 percent compared to last year, local media reported Monday. It will be the highest-ever growth rate, the Youth newspaper quoted the American Chamber of ...

US: China penetrating in US home textile market

As China continues to gain increasing Pakistani share in the US market for home textiles, local exporters are concerned at Chinese advancement at their cost. In the first half of 2007, US import of cotton bed-sheets from China surged 53.65 per cent in volume terms in category 361...

Price hike fears trigger massive cotton buying

Active trading was again witnessed on the cotton market on Wednesday as spinners and mills were not inclined to take even a technical breather amid fears of another price flare-up. About 30,000 bales, including some big deals changed hands around the previous level, at an average ...

UAE : Dubai International Jewellery Week in Dec

Dubai World Trade Centre, organiser of the region’s premier exhibition for jewellery and precious timepieces, Watch & Jewellery Dubai, has re-positioned the event to unveil their glittering new format for 2007 with the introduction of Dubai International Jewellery Week. Taking ...

Finland : Woven fabrics maker Marimekko concept store in Canada

The first Marimekko concept store in Canada opened in Vancouver, 14 November 2007. With around 2.1 million inhabitants, metropolitan Vancouver is the biggest metropolitan area in Western Canada. The 180 m2 store is located in trendy Yaletown, a downtown spot known for its hip ...

India : Textile export gets strong competition from ASEAN countries

The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Rajya Sabha in a written reply to a question by Shri Jai Prakash Aggarwal that apart from China, Indian textile exports is also facing competition from countries like Indonesia, Cambodia, Vietnam and ...

India : Govt formulates encouraging schemes for handloom sector

The Government of India have formulated following schemes for encouraging handloom sector in the Eleventh Five Year Plan:- • Integrated Handlooms Development Scheme • Marketing and Export Promotion Scheme • Handloom Weavers' Comprehensive Welfare Scheme • Mill Gate Price Scheme • ...

Japan : Vietnam emerges as the largest exporter of handicraft

In a bid to discuss about opportunities for exporting more Vietnamese product to Japan, representatives of 10 Japanese handicraft firms met with local exporters and producers on Monday. Members consisted of businessmen and experts on handicraft design who participated in Craft ...

USA : Head-to-toe cold weather solutions for golfers

adidas Golf is providing head-to-toe cold weather solutions for golfers looking to play as far into winter as courses will allow. This winter season, adidas Golf provides an extensive line of men’s and women’s outerwear from its Tour Performance and Elements collection, along ...

USA : Unfavorable weather reduces Mothers Work sales

Mothers Work Inc the world's leading maternity apparel retailer announced operating results for the fourth quarter and full year fiscal 2007 ended September 30, 2007, and provided financial guidance for the full year fiscal 2008 reflecting significant earnings per share growth ...

Singapore : Wrapping up Singapore Fashion Week

In what was probably the most design-centric Singapore Fashion Weeks to date, SFW07 closed after ten days of frenetic activities and programmes. In conjunction with SFW07, the event was also the occasion to herald Singapore’s entry into the Asia Fashion Federation. As the first ...

India : Dabur Nigeria facility to produce skin care & home care products

Dabur India Ltd commissioned its new manufacturing facility in Nigeria. The new manufacturing facility has been set up by African Consumer Care Ltd, a subsidiary of Dabur International Ltd. The plant, set up with an investment of 430 million Naira (around $4 million), will ...

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 ...

Australia : Better styled wools continue to attract good support

The Australian wool market finished 2.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week after the US exchange rate fluctuated over a 5¢ range. The AWEX EMI rose by 20¢ (+2.1%), ending the week at 979¢/kg. This reflected increases of 23¢ (+2.3%) in the ...

UK: Shoppers bag H&M designer bargain

Fashion hungry women swarmed into H&M stores yesterday and cleared out the entire cut-price collection by Victoria Beckham's favourite designer. Thousands had queued up as early as 5.30am to get their hands on Roberto Cavalli's glam outfits at crazy prices. Four of the eight ...
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finance

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industry

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