The International Finance Corporation (IFC), a member of the World Bank Group, has helped Vietnamese garment-textile outsourcers save over 20 percent of water and energy consumption. The information was released at a workshop reviewing the programme on enhancing resource-efficient consumption held by IFC in Ho Chi Minh City on June 21. The sustainable production project has been carried out in 28 enterprises and factories nationwide doing outsourcing for VF Group and Target Group over the

Pakistan’s textile and clothing exports fell 1.98 per cent year-on-year to $11.234 billion during the first 11 months of the current fiscal year mainly due to lower proceeds from raw material and low value-added products, such as cotton yarn and fabrics. Data released by the Pakistan Bureau of Statistics on Tuesday showed the decline in export proceeds was also evident in rupee terms during the July-May period of 2016-17. On a month-on-month basis, the export proceeds fell 12.24pc in May

The Adobe Walls gin in Texas is hoping to become the largest ginnery in the United States. The Texas gin is in the process of expanding its ginning capacity to meet the increasing demand of cotton. The production of cotton in the United States is likely to increase 21 per cent from last year, according to the United States Department of Agriculture. Apart from the current expansion process, another phase of construction will increase its ginning capacity, said Jerrell Key, general manager for

Twenty-three Chinese textiles companies, many of which provide fabric for big brands and retailers, have saved over 57 million yuan ($8 million) in costs annually by implementing efficiency improvements, including advanced technologies, a report from an international NGO on Tuesday showed. These improvements have dramatically reduced the pollution generated by these companies, reducing the consumption of 3.9 million metric tons of water and 30,000 tons of coal annually, based on the report fr

In an attempt to boost cotton production in Nigeria, Raw Materials Research and Development Council (RMRDC) has provided cotton farmers with improved seeds. This is an initiative by the Nigerian government to revive the falling production of cotton with the help of activities of the Presidential Committee on Cotton, Textile and Garment (CTG). "In continuation of the boosting programme, RMRDC presented 5.82 tonnes of cotton seeds to farmers in 2015 and 4.3 tonnes of improved cotton seeds (SAMC

Nike has introduced the Consumer Direct Offense, a new company alignment that allows Nike to better serve the consumer personally, at scale. Leveraging the power of digital, Nike will drive growth - by accelerating innovation and product creation, moving even closer to the consumer through key cities, and deepening one-to-one connections. “The future of sport will be decided by the company that obsesses the needs of the evolving consumer. Through the Consumer Direct Offense, we’re getting ev

The textile industry is hoping that the GST Council, which is expected to meet today, would consider reducing GST rate on manmade fibres, filaments and yarns to 12 per cent. It feels that the independent weaving unit may have to incur additional cost of over Rs 2 lakh per annum. At the 16th GST Council meeting on June 11, 2017, it was announced that 18 per cent would be the GST rate for manmade fibres, filaments and yarn. The council has also decided not to allow refund of accumulation of inp

Envoy Textiles will raise Tk 150 crore by issuing zero coupon bonds to increase its production capacity. The listed company announced the issuance of the bonds through private placement in a posting on the Dhaka Stock Exchange website yesterday. The board of directors has decided to issue the 5-year series zero coupon bonds with a face value of Tk 150 crore and at a discounted value of Tk 122.42 crore. The issuance of the bonds is subject to approval of Bangladesh Securities and Exchange C

In a bid to boost the silk industry in Jammu and Kashmir, foundation stone for the construction of a cold storage plant has been laid in Srinagar. The new storage plant has the capacity to preserve up to 10 crore seeds at a time. Sericulture sector in the state will witness a boom with the storage facility that will expand the lifespan of a cocoon. The foundation stone for the cold storage plant was recently laid by Jammu and Kashmir agriculture minister Ghulam Nabi Lone Hanjura. The construc

The footwear exports from the country witnessed decrease of 11.31 percent during the first ten months of the current fiscal year as compared to the same period of last year. The footwear exports during July-April (2016-17) were recorded at $79.317 million as compared to the exports of $89.434 million during July-April (2015-16), according to the Pakistan Bureau of Statistics data. Among the footwear, the leather footwear exports decreased by 6.35 percent by falling from trade of $72.248 mi