German sportswear group Adidas on Thursday reported a jump in third-quarter profits, lifted by a surge in sales of its own-brand trainers and apparel. The Bavarian company, which sponsors English Premier League giants Manchester United, also confirmed its improved outlook for the year, bolstered by high-profile sponsorships during the Euro 2016 football tournament and the Rio Olympics, as well as collaborations with big names like Kanye West. "2016 will be a record year for the Adidas grou

US recycled yarn manufacturer Unifi's net sales in the three months ended September 25, 2016 at $160.0 million were nearly flat over the first quarter of fiscal 2016, with net sales impacted by a dip in raw material prices. Volumes rose 11 per cent, driven by strong PVA performance in Asia and Brazil, offset by weaker sales in the US domestic market. In the first quarter of fiscal 2017, operating income rose 30 per cent from a fiscal ago period to $12.6 million, while operating margin expande

India’s spun yarn exports in September 2016 declined 30.2 per cent in volume terms while it was down 24.3 per cent in value terms. The average per unit realisation was down US cents 3 a kg from previous month and up US cents 24 a kg as compared to September 2015. China’s yarn imports from Vietnam surged 34% in September from a year earlier whereas Indian shipments to China were down 56%, and imports from Pakistan have lost 30%. In September 2016, 84 countries imported spun yarn from India

Giang spoke yesterday in Ha Noi at a conference themed "Strengthening the supply chain in the ASEAN textile sector towards sustainable development." Viet Nam has targeted an export turnover of US$29 billion this year, $2 billion higher than 2015, Giang said, adding that there were more than 6,000 textile and garment businesses operating in the country, creating stable jobs for more than 2.5 million workers. "The country is the largest exporter of textiles and garments in the region. This p

Strengthening the supply chain in ASEAN textile sector towards sustainable development was the focus of discussion at an international conference in Hanoi on November 1. The event was part of the meeting of the ASEAN Federation of Textile Industries 2016 (AFTEX) hosted by Vietnam. President of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang highlighted the strategic role of Vietnam’s textile and apparel in the bloc, saying that Vietnam tops ASEAN countries in apparel expor

President Mamnoon Hussain Tuesday said the cotton growing countries should collectively address the issues and problems related to cotton industry and strengthen global cotton economy. The president was addressing the delegates of 75th Plenary Meeting of International Cotton Advisory Committee (ICAC) at the Aiwan-e-Sadr. Minister for Commerce Engineer Khurram Dastgir Khan and Minister for National Food Security and Research Sikandar Hayat Khan Bosan were also present on the occasion. He sa

Karl Mayer will be displaying latest innovations in warp knitting, warp preparation, and technical textiles at IndiaInternational Textile Machinery Exhibition (ITME) to be held in Mumbai on December 3-8 at hall 6, stand B 3. The company will be debuting its new lace machine concept – Lace Express, in India and its complete indigo dyeing unit -Prodye too. For the warp knitting business unit, Karl Mayer will be showing: the HKS 3-M as another representative of the fourth generation of high-perf

Value added textile sector is the only available solution to overcome the drastic decline in foreign remittances and to bridge the widening gap between imports and exports, said Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed Sheikh. He was talking to a delegation of Faisalabad Dyes and Traders Group that visited FCCI to congratulate newly elected office bearers of the chamber.He said that the country’s economy is entirely dependent on textile exports and

Minister for National Food Security and Research Sikandar Hayat Khan Bosan on Monday said that no duty-free cotton import will be permitted until and unless all the locally produced cotton is sold completely. While talking to journalist, he said better cotton crop is expected this year than previous year.He said, “We are also looking forward of having rupees three thousand plus rate for cotton in international market.All Pakistan Textile Mills Association (APTMA) has been demanding duty-free

Cotton prices rose on Monday amid renewed buying interest from spinners on fears of short crop. Slow arrivals of phutti (seed cotton) from many cotton-growing areas of Punjab caused panic in the trading ring. Rumours were rife that the recent hot weather damaged cotton balls of standing crop and that there were signs of pest attack in many areas. Growers on their part are holding back phutti stocks and are asking higher prices. But ginners are not ready to pay more. Brokers said th