Annual cotton spinning capacity in China’s Xinjiang Uygur Autonomous Region has increased by 150 per cent year-on-year in 2016 to 15 million spindles, according to data from the regional conference on economy and information technology. Total textile sector investment in the region reached nearly 65 billion yuan ($9.39 billion) last year. Xinjiang is a major cotton production base in northwest China and the region produces about 60 per cent of China’s raw cotton. In June 2015, the State Coun

Few large Chinese companies, including textile and garment manufacturing industries, have decided to invest in Ethiopia in the first half of the current Ethiopian budget year. The investment has come after the Ethiopian Investment Commission (EIC) started according priority to large, effective companies that can offer more and quick employment. Following the new strategy, Ethiopia has managed to attract investment from ten large Chinese companies, according to EIC commissioner Fitsum Arega.

Bangladesh's apparel exports to the US, its single largest destination, declined 1.96 percent year-on-year to $5.49 billion, due to the volatile US economy and the recent presidential election. Bangladesh exported $5.92 billion worth of goods to the US in 2016, down from $6 billion a year ago, according to data from the US Department of Commerce. Garment items account for 95 percent of the goods exported from Bangladesh to the US market. Moreover, businessmen and traders adopted the “wa

Textile Raw Material Price 2017-02-12 Item Price Unit Fluctuation Date Crude Oil WTI 53 USD/Barrel 1.26% 2017-02-12 Crude Oil Brent 920 USD/Barrel -0.22% 2017-02-12 PX 55.63 USD/Ton 0.93% 2017-02-12 PTA Buy 5605 RMB/Ton -0.18% 2017-02-12 PTA Sell 685 USD/Ton 0% 2017-02-12 MEG Buy 7910 RMB/Ton -0.75% 2017-02-12 MEG Sell 935 USD/Ton -0.32% 2017-02-12 CPL Buy

In view of Brexit, the change in the US presidency, the US withdrawal from TPP and other events, the global textile and garment industry has had its fair share of politics influencing day-to-day operations lately. This is why Kingpins, the international boutique denim sourcing show, broadcast an expert panel discussion titled "Live: Kingpins Goes to DC: Trump, Trade and the Future of the Global Textile Industry" to explore the intersection between government and the textile and fashion industrie

Move would help to strengthen economic ties throughout the Asia-Pacific region China should join the Trans-Pacific Partnership as soon as possible to build closer business ties with countries in the Asia-Pacific region and further cut the possibility of trade friction, according to a report by a leading think tank. The report, released on Thursday by the Beijing-based Center for China and Globalization, said that China should not be absent from the TPP after US President Donald Trump decid

Cotton is produced in around 80 countries worldwide on an average of 33 million hectares, or 2.5 % of the world’s arable land. Cotton is one of the most important crops in the world, alongside cereals and soya beans. More than 250 million people around the world live from cotton farming. Agriculture always leaves behind traces in the environment but many years ago, the cotton industry already started to keep these traces as minimal as possible. With success. So, does cotton consume a lot of w

Uzbekistan, a major cotton producing country has set a task to process all cotton produced in the country into textiles by 2020, as against 40 per cent of the cotton that is processed currently, and just 7 per cent in 1991. As of date, the country exports textiles to over 50 countries and more recently has begun exports to Nigeria, Croatia, Chile and Brazil. According to Uzbek media reports, of overall textile exports, yarn shipments account for nearly 50 per cent, which will be gradually rep

The Myanmar Investment Commission (MIC) has suggested that apparel stitching factories be set up in Ponnakyun, Sittwe in a bid to create job opportunities for local people and also stop migration.MIC has recommended several fiscal incentives for companies interested in starting projects in Sittwe, to encourage investment in a less developed region. A MIC statement informed that these incentives include an income tax exemption for seven years and exemption on customs duties and local taxes, on

ISPO Munich, the ongoing sports expo with over 2,700 exhibitors from the fields of outdoor, ski, action, performance sports, and sourcing at Germany, from February 5 to 8, 2017, is showing latest skiing fashion trends. All of the skiing fashions for Alpine sports, snowshoeing, winter mountain biking and for walking, is displayed at the exhibition. New materials including extremely efficient functional materials which stretch in all directions, as well as technological innovations like fully t