Footwear exports have constantly increased in recent years from US$6.5 billion in 2011 to US$13 billion in 2016, according to the General Department of Vietnam Customs. It analysed that footwear exports often begin rising in the second quarter and obtain the highest growth in the third quarter of the year. The US has been the leading importer of Vietnam footwear for many years. Footwear exports to the market have accounted for 30% of the country’s total footwear export value and 11% of the

Top fashion brands have pulled out of Dhaka Apparel Summit in support of protest by garment workers. Dhaka Apparel Summit 2017 is going to begin on February 25 focusing on the next course of action plan to achieve $50bn export target by 2021. Leading fashion brands including H&M and Zara will boycott a key industry conference in Bangladesh in support of garment workers who have been sacked, hunted or jailed for participating in wage strikes, the companies said Wednesday. H&M, C&

Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pakistan. "The government is focusing for the development of textile and garments sectors in Pakistan as it is considered to be the backbone of Pakistan's economy," he said while addressing the representatives of about 76 Chinese companies at a road-show of Quaid-e-Azam Apparel Pa

The textile industry is one of the most strategic platforms through which South Africa can bolster trade of its local products, Jeff Radebe, minister for planning, monitoring and evaluation, has said. The textile manufacturing industry is an ideal model for sustainable entrepreneurship as it encourages productivity, hard work and self-reliance. The minister was addressing the launch of Ivili Loboya Textile in Rosebank, Johannesburg. Ivili Loboya, which is Africa’s first cashmere fabric manufa

The Lenzing Group, suppliers of high-quality, botanic cellulose fibre, ranging from dissolving pulp to standard and specialty cellulose fibres to the nonwovens industry, has announced that Lenzing Viscose and Lenzing Modal fibres, including all their product families, were awarded the Biobased Product Label by the US Department of Agriculture (USDA). The prestigious certification is further proof that all standard types of fibres produced by Lenzing are fully derived from the natural and rene

More than 1.6 million metric tons of BCF carpet yarn are produced worldwide using Oerlikon Neumag BCF plants. Between March 21 and 23, 2017, the experts of the Neumünster-based market leader will be exhibiting their comprehensive technology know-how and efficient solutions in Hall W3, Stand F03 at the Domotex Asia/ Chinafloor in Shanghai. Manufacturing PA6 BCF yarns more profitably One information focus will be on manufacturing PA6 BCF yarns. According to PCI Redbook, just under 90,000 me

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