The industry's export revenue in Q1 also surged 21.9 per cent to US$4.5 billion.— Photo vov The garment and textile industry has achieved significant success in the first quarter and its outlook for the whole year is optimistic, the Ministry of Industry and Trade reports. The ministry said that the garment and textile industry achieved the highest growth rate at 20.2 per cent in the first three months. The average increase in the rate of the country's industrial production in the same peri

The uncertainty on how China will handle its large reserves next season and the significant gap between polyester and cotton prices does not bode well for cotton consumption in China and, by extension, countries that have heavily exported cotton to China in recent seasons. In 2013/14, the Cotlook A Index has averaged 90 cents per pound while polyester in China averaged 73. However, in March 2014, the price of polyester in China dropped below 70 cents per pound, to about 66 cents, while the Co

Turkey’s textile and raw materials exports, excluding apparel, during the month of March 2014, touched US$ 771.7 million, registering a rise of 5.2 percent, compared to the same month last year, as per the data released by the Turkish Exporters Assembly (TIM). According to the March 2014 Export Data of TIM, the country exported textiles and raw materials worth $771.7 million during the month of March this year, compared to the $733.9 million exports of textile and raw materials made during t

Chairman APTMA Punjab S M Tanveer has said that the Punjab-based textile industry on independent feeders is facing six to eight hours of electricity loadshedding, resulting into one-shift closure. He apprehended that if industry is not provided with uninterrupted electricity supply, mills would be constraint to opt complete closure of their operations. According to him, the Punjab based industry is responsible for more than 86 percent of PEPCO's total industrial sector revenue being penalise

Growth in Cambodia is set to ease moderately in 2014 before picking up in 2015 on the back of buoyant exports and robust agriculture and service sectors, a new Asian Development Bank (ADB) report said Tuesday. The ADB Outlook 2014 said Cambodia's economic growth will moderate to 7 percent this year from 7.2 percent last year, with a subsequent edging up to 7.3 percent next year. "Despite political uncertainty and the risk of further labor market tension, Cambodia is expected to exhibit hea

Pakistan Textile Exporters Association (PTEA) has called upon the government to increase gas supply to export-oriented textile sector in Punjab as the domestic consumption has declined significantly due to warm weather. Talking to newsmen, PTEA's chairman and vice chairman, Sheikh Ilyas Mahmood and Adil Tahir, respectively, said that textile industry in Punjab has been facing acute gas shortage since early November as most of gas supplies were diverted to domestic consumers. Currently the ex

For the textile mills in the region, cotton yarn exports have slowed down in February – March because of drop in demand. Industry sources say that on an average 120 million kg of cotton yarn was exported a month from the country for 10 months from April last year. Textile mills say that it reduced in February and March. China had increased purchase in December and January and slowed down in February. Exporters are also facing a drop in price. Further, value of rupee against the dollar i

Garment strikes hit Cambodia in record numbers in 2013, with disgruntled workers taking their calls for an increase in wages to the streets. This year, the protests have been even bigger and demands met with deadly force. Seventeen-year-old Yon Chea had been working at a garment factory on the outskirts of the capital, Phnom Penh, for a little more than a year when government forces found him at the scene of a protest. ‘I heard fighting outside so I went down with my camera phone to see w

Australian Wool Innovation (AWI) has stated that it is in discussions with three Vietnamese companies and six foreign firms about the possibility of establishing a wool weaving factory in the Southeast Asian country. Vietnamese producers are now importing wool yarn from China , India , Italy and Germany . Experts predict that domestic processing will help save import costs and time. AWI is making efforts to intensify connections with Vietnamese businesses to help them access its natural

Taiwan exported textiles and apparel worth US$ 12.545 billion during the period from January 2, 2013 to January 3, 2014, showing a decrease of 1.54 percent year-on-year, according to the data from the Taiwan Textile Federation (TTF). According to the data, Taiwan exported $1.209 billion worth of fibres during the year, which accounted for 9.64 percent of all textile exports from the country. Yarn exports earned $2.273 billion for Taiwan, while fabric exports fetched $7.841 billion, account