Indorama Ventures has blended Creora, a spandex fibre from Hyosung with its Coolvisions dyeable polypropylene filament to offer functional fabrics. The blending of the two raw materials has resulted in a new look and feel to performance fabrics, which can be used for activewear, competitive swimwear and intimate apparel. According to Indorama, Creora eco-soft brings a better hand feel, improved whiteness, and superior dimensional stability to stretch fabrics. “The low-heat settable span

China's crude oil imports hit a record high in the first half of 2016 despite an economic slowdown, and analysts largely attributed the surge to low prices, not strategic maneuvering. The country imported 186.5 million tons of crude oil in the first half of the year, 23.15 million tons more than the same period last year, although imports in June slowed to 30.62 million tons from a peak of 32 million tons per month in March, April and May. "Enterprises increased crude oil imports in the fi

China's Consumer Price Index (CPI) in July is likely to increase 1.9 percent year on year, staying flat with that in June, according to an industry report. The official CPI for July is due to be released by the National Bureau of Statistics (NBS) on Aug 9. The Bank of Communications (BOC) said in a report that the slowing inflation is due to stable foods prices, which account for around one-third of the CPI calculation. Food prices will post an increase of between 4.4 and 5 percent year

Switzerland-based the International Center for Trade and Sustainable Development said that the G20 Trade Minister Meeting will further improve countries' ability to promote investment policy cooperation and coordination, supporting the World Trade Organization and building global value chain. As leaders from the world's 20 largest economies prepare to meet in Hangzhou in September, ideas are emerging over how the world should respond to the global economic crisis, ICTSD said in a statement. I

The textile industry of Southern India in the last two months due to rise in cotton prices is having an impact on the competitiveness of the entire textile value chain. They have appealed to the Textile Minister Smriti Irani to introduce a system that will bring stability to cotton prices to which the Textile Minister has asked for a proposal, which the textile industry will send it shortly. Southern India Mills’ Association (SIMA) chairman M. Senthil Kumar said that the mills want the Indian

Chinese textile firms showing keen interest to establish joint ventures with Pakistani companies, as China’s labour intensive industries were becoming uncompetitive due to high production cost, which is why they were shifting manufacturing to other locations and focusing on research, according Ahsan Iqbal, federal minister for planning, development and reform. The minister at a meeting with the members of the textile value-added sector, said that if they are able to have joint ventures with t

Pakistan's textile industry is finding it difficult to operate in the country after the government increased the import duty on raw cotton, the All Pakistan Textile Mills Association (Aptma) has said. The Aptma's reaction came after government recently increased the duty on import of raw cotton from two per cent to three per cent with additional duty of one per cent, making total import duty of four per cent. “It is not possible for the textile industry to continue to operate in these cond

Impressed by the smooth conduct of business in China's economic development zone of Jimo city, chief minister of Pakistan's Punjab province Shahbaz Sharif said that facilities provided to the textile sector in Jimo would be replicated in the province. Sharif was on a visit to the economic development zone in Jimo, where he saw modern facilities available for investors in the textile and garments sector. He showed special interest in the one-window service centre and an international pavili

Diplomats of seven African countries have invited Coimbatore's trading and industrial community to invest in their countries, in different sectors including textiles. The diplomats were speaking at a meeting organised by the Confederation of Industry (CII) in Coimbatore on “Africa Seminar Series – the Land of Unexplored Potential”. Two of them particularly highlighted the textiles and apparel sector where Indian companies can invest in their countries. Mali's ambassador, Niankoro Yeah Sama

Chairman of the Vietnam Textile and Apparel Association (VITAS) has said Britain’s vote to leave the European Union (EU) last month has affected domestic garment-textile firms which export products to the European country. Vu Duc Giang told reporters on Monday that Brexit has caused difficulties to local apparel firms with huge export shipments to the UK market. This is different from what some experts said about Brexit. Brexit has also hit British firms in Vietnam as some of them are scal