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  • With prices down and weather patterns unpredictable, America's cotton farmers are facing tough times. But a new research by at the University of Texas at Austin may offer a break for the industry. The research takes the first step toward a new way of breeding heartier, more productive cotton through a process called epigenetic modification. The research has been carried out by a team of scientists led by Z Jeffrey Chen, D J Sibley Centennial Professor of plant molecular genetics in the depar
  • The 18th edition of YiwuTex to be held soon in China with the aim to help garment manufacturers to enhance productivity and save cost, the “Functional Knitting Machinery Zone” will gather top-notch knitting and hosiery enterprises, including Zhejiang Yexiao (knitting machinery product development and manufacturing enterprise) and Hefei Opek (fully computerized jacquard hat & scarf knitting machine manufacturer) etc., who will be presenting their novel technology and intelligent production eq
  • IKEA has launched its first UK-based textile take-back pilot scheme, which will give customers in Cardiff the opportunity to bring in any unwanted textiles purchased from any store – from clothing to soft furnishings – to be reused, repaired or recycled. There will also be workshops in store showing customers how they can breathe new life into old textiles, or turn them into something new. In partnership with charity YMCA, customers will be able to bring anything from old clothing to soft fur
  • The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers in India, has requested the Union Finance Ministry to maintain the current excise duty cost advantage of recycled PSF vis-à-vis virgin PSF, while finalising the GST rates. In the current tax regime, virgin PSF manufacturers are levied 12.5 per cent excise duty, while recycled PSF attracts 2 per cent concessional excise duty, due to which spinners get the cost
  • Petition for antidumping (AD) on fine denier polyester staple fiber (fine denier PSF) from China, India, Korea, Taiwan, and Vietnam has been filed by DAK Americas LLC; Nan Ya Plastics Corporation, America; and Auriga Polymers Inc. They have also filed countervailing duty (CVD) petitions on fine denier PSF from China and India. The U.S. AD law imposes special tariffs to counteract imports that are sold in the United States at less than “normal value.” The U.S. CVD law imposes special tariffs t
  • More than 30 international specialists from across the textile industry are set to gather in Chemnitz, Germany, for the premiere of the Sustainable Textile School. Taking place on 18-20 September 2017, Chemnitz University of Technology, together with Gherzi Textil Organisation, will collaborate with a host of regional, national and international partners to make the concept a reality. Across the three days, experts from all areas of the textile industry, including research and manufacturin
  • The Urumqi International Textile and Clothing Trade Center launched its first project, Xinjiang Tongchuang City, on May 19. The center is an important project to push forward the development of Xinjiang’s textile and clothing industry, expected to create millions of jobs for local people. “With a 2.5 billion yuan ($360 million) investment, Xinjiang Tongchuang City is expected to be put into operation in 2020,” said Chen Gang, an official from the economic development zone. Ma Zaiwen, pr
  • Finance Minister AMA Muhith came up with the proposal while presenting the budget for FY2017-18 in the parliament on Thursday. Green RMG factory owners are going to enjoy 1% cut in corporate tax from the next fiscal year 2017-18. For the next fiscal year, the government has proposed to reduce the corporate tax to 15% from 20% for the apparel sector. It also proposed 14% corporate tax for green RMG factories. Finance Minister AMA Muhith made the proposal while presenting the budget for F
  • The textile industry has urged the government to continue with the Rebate of State Levies (ROSL) scheme under the Goods and Services Tax (GST) for the benefit of made-up exports. The ROSL scheme was introduced in March 2017 initially for three years. But, the industry fears that the scheme will be withdrawn prematurely, with GST subsuming all other taxes and benefits. Under ROSL, exporters of made ups get incentives of 3.9 per cent of the value of exported goods. The ROSL benefit not on
  • The leather industry, the second largest export segment of Bangladesh, will be receiving incentives from the government, as proposed in the . “I propose reduced rate of duties as capital machineries, on busbar trunking system and electrical panel imported by the industries of this sector, Minister Muhith said. Tax benefit is given on the raw materials needed for leather processing from the very beginning, Muhith said in his budget, the biggest ever amounting to Tk 4,00,266 crore. “Our c
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