In the 2015/16 season, world cotton imports may recover modestly, increasing 2 per cent to 7.7 million tons with imports outside of China rising by 3 per cent to 6.1 million tons. In 2011/12, Chinese imports more than doubled from the previous season to 5.3 million tons and surpassed the total volume of imports by the rest of world, which reached only 4.4 million tons.“However, in the following seasons, Chinese imports declined while imports outside of China have grown steadily,” a press rele

The Group of Seven countries are in fundamental agreement that the Chinese yuan should be part of the IMF's international basket of reference currencies, but there is no need to rush, German Finance Minister Wolfgang Schaeuble said on Friday. "There are technical issues and not just technical ones" to sort out, Schaeuble told a news conference at the end of a meeting of G7 finance ministers and central bank governors in Dresden, Germany. "We are in full agreement on the goal, but it would no

Local cotton growers have expressed concern over the alleged permission given to some businessmen by the Punjab government to set up sugar mills in Channigoth area despite a ban, warning that it would affect economy in the “cotton belt”. Dawn has learnt that recently, with the permission of Punjab government, some influential businessmen have acquired more than 50 acres of land near Channigoth near Karachi-Lahore-Peshawar (KLP) highway in Tarinda Muhammad Panah area to set up sugar mills.

Paulino Vacas Jacques, the Mexican researcher approached the Social Innovation Park De La Salle in Guanajuato, center state in Mexico to acquire the state and federal tools for technology transfer which is said to revolutionize the textile industry. This step would help to convert the textiles which the researcher refers to as “smart textiles” which would have the ability retrieved from the technology to make bed sheets measure the hours a person slept. Vacas Jacques, who worked at the Mas

In the first quarter of this year, the textile industry of Xinjiang Production and Construction Corps (hereinafter referred to as Corps) maintained the recovery trend. It produced 44,100 tons of cotton yarn and 8.67 million meters of cotton fabric, up 5.2% and 11.6% year-on-year respectively, with the sales/output ratio up to 92.6%, up 1.3% year-on-year. In 2015, the textile industry is still facing many challenges, such as the new Environment Protection Law, new regulations on land use, ter

China and South Korea on Monday formally signed a free trade agreement that would remove most tariffs between Asia’s largest and fourth-largest economies, whose trade is already worth more than $200 billion. The pact — largely agreed in November and signed by the two nations’ trade ministers on Monday — aims to gradually remove tariffs on more than 90 per cent of traded goods within 20 years. China is the South’s top trading partner as well as the biggest export market, and two-way trade

Textile and clothing export from India rose a marginal 5.4 per cent in 2014-15, despite unfavourable government policies, complain companies in the sector. According to The Cotton Textiles Export Promotion Council (Texprocil), textile and clothing export was $41.4 bn in 2014-15 as against $39.3 bn in 2013-14. “We require a level playing field in terms of interest rates, timely release of incentives and policy support as our competitors enjoy. Through basic manufacturing, we are very much comp

Belgium based carpet weaving machines producer Van de Wiele signed an agreement to purchase French company Superba along with its US subsidiary. According to a Van de Wiele press release, Superba a manufacturer of heat setting machines for carpet yarns has developed a unique and performing heat setting system based on saturated steam.“With 40 years of experience in the highly specialised field of yarns for tufted and woven carpet, Superba is providing advanced and competitive solutions with a c

Cone Denim (Jiaxing) Limited is a large-scale denim manufacturing enterprise located in Jiaxing Economic Development Zone, Zhejiang Province, which was jointly contributed by International Textile Group from USA and Novel Group from Hong Kong in 2005, then turning into US sole proprietorship in 2011, has announced that its Cone Denim Jiaxing (CDJ) facility has received OEKO-TEX® Standard 100 certification on selected denim products. The CDJ operation opened in 2007 has produced industry-lead

China's exports of textiles and apparel dropped 16.33% year-on-year to near US$ 19.88 billion in this April, but up 58.19% month-on-month, said the General Administration of Customs. The export of textile yarn, fabric and made-up goods amounted to about US$ 9.42 billion, down 10.76% year-on-year, but up 60.33% month-on-month; the export of apparel and accessories amounted to about US$ 10.46 billion, down 20.78% from a year earlier, but up 56.32% from the previous year. In January-April p