The global yarn production increased by 20 per cent quarter-on-quarter in the first quarter of 2016. While output increased by 21 per cent in Asia and 29 per cent South America, it decreased by 4 per cent in Europe, the International Textile Manufacturers Federation (ITMF) said in its latest report. Compared to Q1 2015, the global yarn production grew by 4 per cent in Q1 2016 with positive growth rates of 5 per cent and 4 per cent in Asia and Europe, respectively. However, global yarn stocks

As labour in China gets expensive and the economy is witnessing a slowdown, the country's manufacturing sector is exploring developing economies such as Ethiopia for production and investment. A delegation of Chinese textile, leather and light manufacturing industry associations recently visited the Ethiopia under the aegis of United Nations Industrial Development Organization (UNIDO) and expressed their interest to invest in Ethiopia. UNIDO goodwill ambassador and delegation leader of the

Global non-profit environmental organization, Textile Exchange has released the Responsible Wool Standard (RWS), an independent, voluntary standard. On farms, the certification ensures that sheep are treated with respect to their five freedoms and ensures best practices in the management and protection of the land. Through the processing stages, certification ensures that wool from certified farms is properly identified and tracked, according to RWS. The Standard is intended to be a global

Wrap knitting specialist LE Textile (previously known as Elastic Textile Europe) has developed a special collection based on Tencel lyocell fibre, offering a soft, supple handle, the typical look of a natural fibre product, and outstanding comfort. These soft fabrics also offer advantages for the environment. Focusing on the environmental aspects in its use of materials and production processes, LE Textile first used Lenzing’s Tencel fibres, instead of eco-cotton, in 2014. The first prototype

The consumption of locally grown cotton by Egyptian companies decreased by 56.6 per cent in the second quarter of the agricultural season 2015-16, the Central Agency for Public Mobilisation and Statistics (CAPMAS) showed. During December 2015 – February 2016 period, local companies purchased 76,400 kantar (1 kantar = 45.02 kg) of cotton, compared to consumption of 175,800 kantar in the corresponding period of the previous season. The decline in consumption was largely due to shutdown of a

Cotton prices remained firm in the Brazilian spot market in the first week of June 2016, due to low availability of crop and the firm position of sellers. Between May 31 and June 15, the CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo, increased a slight 0.11 per cent, closing at 2.6907 BRL ($0.7776) per pound on June 15, Cepea, the Sao Paulo University linked research centre, said in its latest fortnightly market analysis. However, very few trades w

The country’s textile and garment makers have renewed their demands for 0.30% tax at source for the next fiscal year to attract more investment. If it is not possible, they have urged the government to continue the exiting 0.6% for the next fiscal year 2016-17 for the sake of creating more jobs. Several leaders of the RMG and textile sectors came up with the call at a joint press conference at BGMEA headquarters in the city yesterday. Bangladesh Garment Manufacturers and Exporters Assoc

Pakistan's Senate Standing Committee on National Food Security and Research on Wednesday recommended the imposition of Regulatory Duty (RD) on the import of cotton bales from India. The committee, which met under the chairmanship of Senator Syed Muzaffar Hussain Shah, observed that import of cotton lint from India via Wagha border despite sufficient stock in the country would adversely affect cotton growers. The committee urged the Finance Ministry to direct Federal Bureau of Revenue (FBR) to

Jinsheng Group, a Jiangsu, East China based industrial conglomerate with a focus on high-end equipment manufacturing, will invest 40 billion yuan in Xinjiang textile and garment industry. This was disclosed during the recent meeting between Pan Xueping, president of Jiangsu Jinsheng Industry Company, and Zhang Chunxian, secretary of the Party Committee of Xinjiang Uygur Autonomous Region. Jinsheng Group plans to set up three industrial parks in Xinjiang—the ecological yarn pilot industria

The Zimbabwean cotton sector has over the years taken a nosedive due to the plummeting prices of the commodity on the international market, which has resulted in farmers shunning the crop. Vice President Emmerson Mnangagwa said that Ethiopian investors have expressed willingness to invest in the Zimbabwean cotton sector and hence the government will take the lead in ensuring that the cotton industry is revived. He said that government will fully invest in the sector especially on the benefici