The global conductive textiles market was valued at US$ 1.02 billion in 2016 and is projected to reach US$ 2.11 billion by 2021, at a CAGR of 15.6% from 2016 to 2021, according to the recent report published by Reportlinker. Growth of the smart fabrics market, increasing awareness of the advantages of conductive textiles across varied end-use industries, and high demand for conductive textiles from the military and defence sector are key factors driving the growth of this market. High cost of

US ambassador to the United Nations Nikki Haley has said she wants the 15-member UN Security Council (UNSC) to vote on September 11 on a draft resolution to impose new sanctions on North Korea that includes an oil embargo and a ban on the country’s textile exports and the hiring of North Korean labourers abroad. The country recently tested a nuclear bomb. The United States wants the UNSC to impose the embargo and subject North Korean President Kim Jong Un to an asset freeze and travel ban, a

Yarn Expo, the leading yarn and fibre business platform in Asia, will have a special focus on green products with a number of yarn and fibre manufacturers which have endeavoured to introduce green products into the early stages of textile production, displaying their innovations to seek buyers. The expo is to be organised during October 11-13 in Shanghai. The event will host around 500 global yarn suppliers from 13 countries and regions. Amongst a record number of exhibitors at this Octo

Pakistan textile industry has been advised to focus on value addition to compete in the international market as lack of value addition is one of the major reason behind the decline in exports, said Commerce Secretary Younis Dagha on Wednesday while addressing an event hosted by Pakistan Hosiery Manufacturers and Exporters Association. According to Dagha, cost of doing business is higher in Pakistan compared to neighbouring countries, but it is not the only hurdle in exports as they have not p

Chinese industrial giant Shandong Ruyi is planning its first North American gigantic textile factory in a small town in the southern U.S. state of Arkansas which will not only transform the state but it's expected to create 800 jobs. Forrest City, located near the Mississippi River, is where Shandong Ruyi plans a $410 million investment to spin yarn at a factory where local workers once built Japanese televisions. AEDC communications director Jeff Moore said that the Shandong Ruyi plant is

A new report published by research company Markets and Markets has suggested that the global healthcare fabrics market is set to grow to a value of US$12.9bn by 2022. The report details a forecast period of the next five years, stating that the market will grow at a compound annual growth rate (CAGR) of 6.4%. According to the report, there are a number of contributing factors as to why the market is set for such a strong period of growth. In 2017, the global industry was estimated to be wo

From the Belt and Road Initiative, a grand project spanning dozens of countries, to "BRICS Plus", a mechanism aiming to expand South-South cooperation, China has made concrete efforts for boosting global economic growth amid rising protectionism in the West, US experts say. China being responsible stakeholder The just-concluded summit of the BRICS, namely Brazil, Russia, India, China and South Africa,in Xiamen, China, highlights China's new initiative for adding new impetus for an open ec

The Union textiles ministry is learnt to have rejected a suggestion by the Jute Commissioner to lower the use of jute bags in 2017-18. The Jute Commissioner had recommended reducing the use of jute bags for food grains packaging by five per cent, from 90 per cent to 85 per cent, for this financial year. “In the ministry’s opinion, lowering the use of jute bags will lead to a crisis in the industry and it will cause an abrupt fall in raw jute prices. It is because the availability of raw j

Trading acti­vity on the cotton market remained brisk on Saturday as buyers went ahead with major deals to build stocks at prevailing prices. The undertone was strong and outlook remained bright. Spinners were at the forefront of the buying spree to meet their near future demand. As a result prices slightly moved higher on sustained demand. Internationally, reports of Hurricane Irma hitting Florida once again pushed New York cotton market prices higher. The US is already struggling wit

Most Chinese textile manufacturers are on a green drive tackling water risks and have initiated steps to shift to circular water management models, according to a new report based on an online survey conducted by Hong Kong-based non-profit organisation China Water Risk. About 72 per cent of the respondents see a benefit in moving into a circular economy. A circular economy is a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closi