Shandong Daiyin Textile and Garment Group (D&Y Group) is setting up a textile plant in Sedenak Industrial Park, Kulaijaya district in the state of Johor in peninsular Malaysia, through its subsidiary D&Y Textile (Malaysia) Sdn Bhd. D&Y Group will invest RM 640 million in setting up the new plant, which would be its first in the Asean region, Group chairman Zhao Huan Chen said after signing an agreement with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) for credit financing se

To reduce Vietnam's reliance on China, the long term measure is to improve local supporting industries. Photo: Ngoc Thang A host of pending trade agreements could help Vietnam reduce its heavy economic reliance on China, but won't unless the country takes bold and difficult steps toward developing alternative supply chains and aggressively building up a domestic base range of fabric and component part manufacturers, economists said. Vietnam is expected to sign 17 free trade agreements wit

The textile industry of Pakistan has become uncompetitive globally due to the combined impacts of rupee revaluation, wage increase, and energy and power tariff, affecting 15 percent in costs in Punjab and 12 percent in other provinces. Giving the break-up of cost in yarn production, Gohar Ejaz, All Pakistan Textile Mills Association (APTMA) group leader said that 60 percent of the spinning cost is that of cotton, a basic raw material. This, he added, is still available to the industry a

Pakistan Tanners Association (SZ) Chairman Fawad Jawed has urged the Prime Minister and Federal Minister of Finance to withdraw import duty on raw material. In an SOS message, Fawad expressed his disappointment over the government's anti-export move of slapping duty on import of hides and skins. He was of the view that the government had imposed duty on leather sector's main raw-material without any justification, which would result in collapse of the sector. Fawad said that despite the coun

Garment and textile projects attracted 70.62% of all domestic and foreign investment capital in HCM City’s export processing zones (EPZ) and industrial zones (IZ) during the first six months of the year. HCM City attracts large investment in textiles TPP offers garments and textiles huge opportunities Supply chain key to textiles growth According to the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza), advanced textiles cumulatively surpassed the US$200 millio

The reversal of cotton policy by China has hit Pakistan’s yarn production and yarn export, reveals a report recently issued by the State Bank. China has been building cotton stocks since 2011 by offering higher than competitive prices to local farmers. The consequent widening of the gap between international and the local cotton prices encouraged Chinese manufacturers to increase their import of cotton yarn and its bi-products. Pakistan’s export of textile items flourished due to this policy.

The Textiles Ministry will hold talks with the Punjab Government to convince it to bail out the country’s crisis-stricken jute industry. The industry has taken a further hit due to the State not honouring its sourcing commitments this production season. Santosh Gangwar, Minister of State for Textiles (independent charge), has assured jute manufacturers that he will meet Punjab Chief Minister Prakash Singh Badal to find out why the State did not place any orders for jute bags in June and Ju

The leather industry has set records for exports that soared 32.12 percent year-on-year to $1.29 billion in the immediate past fiscal year, according to Export Promotion Bureau. Competitive prices and improved quality of Bangladeshi products that rope in more and more European and Japanese consumers and rising costs in China have led to the growth, exporters said. Also, the earnings in fiscal 2013-14 were 6.59 percent higher than the target set at $1.21 billion for the sector. Exports o

Apparel exports to the US fell 1.12 percent to $2.18 billion in the first five months of 2014 from the same period last year, according to the US Department of Commerce. Garment exporters attributed the sluggish trend to fallout from the Rana Plaza building collapse and political turmoil that struck Bangladesh last year.Some retailers may shift focus from Bangladesh to other destinations, said Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association. Bangladesh

Market-penetration teams including representatives from the government and private sectors have been set up to promote export growth, obeying the policy of the military's National Council for Peace and Order. Nuntawan Sakuntanaga, director-general of the International Trade Promotion Department, said the teams would try to increase exports to key markets, namely Asean, China, Africa, Latin America, the Middle East and Commonwealth of Independent States (CIS) countries. Trade officials and re