Turkish investors although has arrived later for development assistance to Ethiopia then China, but have managed to pour some $1.2 billion worth of investment into Ethiopia surpassing investment done by China. China, the Asian giant’s investment in the African state lack volume, despite China’s outstanding record of development assistance to Ethiopia, it has invested only $836 million over the past ten years, Debela Habte, a senior public relations expert said. Turks invest their money in

Cartex manufacturing, a subsidiary textile company of American Hanesbrand Inc in Costa Rica, will possibly shut down by the end of this year and will lay off about 1,250 employees, Prensa Latina reported. The textile company, which has produced men’s innerwear for export around the globe from Costa Rica for the last 40 years, will close its factories and is likely to shift its base to Vietnam, where the firm already has a manufacturing unit.The director of operations, Mauricio Brenes said the

The Government of Benin has allotted a special credit to cotton farmers for cotton production, according to reports by Beninese Ministry for Microfinance. The Government of Benin has taken this step in order to increase the production of cotton in Benin. According to reports, this program will help provide special credit to support cotton farmers during the lean season, to help them manage surviving the growing period without selling off the inputs for cotton. The main aim of the Governmen

Indonesian Labor Union Confederation (Konfederasi Serikat Pekerja Indonesia or KSPI) demand a 30% increase in minimum wage for Jakarta from IDR2.4mn (USD200) to IDR3.2mn (USD270) per month and 40% increase for others area in 2015F. The union target to level the minimum wage to Thailand. Currently, Indonesian minimum wage is still relatively lower than other South East Asia regions such as Thailand, which has lowest wage rate of around IDR2.9mn (USD240). It plans a nationwide 10-30K labor strike

Jiangsu Lianfa Textile Co., Ltd, a China-based large-scale textile company, is planning to set up a textile factory in Naivasha, in Kenya’s Nakuru county, Kenyan Broadcasting Corporation KBC reported. The factory, to be set up at a cost of 40 billion shillings, is expected to produce goods worth US$ 1.5 billion every year and would create about 30,000 job opportunities in Naivasha. The project will utilize 50,000 acres reserved for cotton farming.Industrialization Cabinet Secretary of Kenya,

Italian textiles in the first half of 2014 posted an overall production growth generally outperforming the textile industry, data released here during the ongoing Italian Textiles Trade Show, Milano Unica, showed. Textiles, excluding knitted fabrics, registered a 7.6-percent increase on average in the January-June period, while the overall textile industry grew by 4.8 percent, organizers of Europe's top showcase for textiles and accessories, which runs from Tuesday to Thursday in Italy's fash

Chairman APTMA Punjab S M Tanveer has expressed concerns over the ongoing 10 hours electricity loadshedding for the Punjab-based textile industry on independent feeders, despite substantial reduction in demand for electricity and simultaneous increase in hydel generation in the country. Explaining the matter, he said that the electricity demand in the Punjab has reduced by 40 percent because of rains and appreciable drop in the ambient, while the dams are full. Because of continuous loadshed

The Government of Ghana is planning to invest in the textile sector of the country. The President of Ghana, John Dramani Mahama, who visited Dignity DTRT, a garment company in Accra, said the Government is taking steps to invest in the local textile industries to promote it in the international market, Ghana news agency reported. He commended the management and staff of Dignity DTRT for the good work they were doing and promised that the Government would support them to improve production to

Chinese companies are looking to manufacture in the U.S., lured by lower costs of energy, cotton and land, and wary of rising labor costs in China. The Carolinas once the epicenter of the U.S. textile industry, but since the late 1990s, thousands of jobs were lost when emerging markets joined the game, touting cheaper materials and labor. Carolinas textile jobs went to China, Brazil and Vietnam, among other places. Keer, a textile company headquartered in Shanghai, China has decided to reloca

Many of us are aware of the high turnover in high-street clothing shops like Zara and Primark through our own lives — camouflage jackets are in and out of vogue in six months, and those pleather Topshop trousers you bought and wore once will never see the light of day again. The annual fashion season cycle, I was told by one retailer, has increased from three seasons to six seasons in just the last decade.It is not just fashion either. You buy any Apple product today and a new and better version