With a glut on the horizon, apparel makers are hoping a reduction in cotton prices would reverse a year-long trend of price increases. The Cotton Association of India has pegged production at 380 lakh bales this year; manufacturers are looking forward to sourcing at lower rates and passing on the benefit to buyers. The key determinant in apparel pricing — cotton rates — has been on an uptrend. The 30-count cotton yarn sold by mills touched a high of Rs 240 a kg in September from Rs 200 in Jan

Referring to recent decline in readymade garment (RMG) export due to recent political unrest, leaders of the sector and its backward linkages on Tuesday demanded special incentives like special P.C or BAISALAM, term loans without interest and halting of loan classification for certain periods. The demands were raised at a meeting between the RMG, textile exporters and the representatives of banking institutions at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Spea

North Korean seamstresses work at sewing machines at the Sonbong Textile Factory in Sonbong, North Korea, inside the Rason Special Economic Zone.(AP Photo/David Guttenfelder) Many of the ways in which this dusty, windswept area differs from most of North Korea are easiest to see at night. Although there are traffic lights in other cities, the ones here in the Rason Special Economic Zone actually light up. The avenues are broad and paved, and along the main street, colorful, decorative ligh

Parisian textile trade show, Texworld owned by Messe Frankfurt is to host its first Turkish edition in Istanbul next year, expanding its reach to offer new sourcing opportunities for buyers in the region. The new edition is being launched to “satisfy demand” for imported fabrics from leading Asian textile nations and will showcase an international offering ranging from cotton to linen, including wool, silk, embroidery, lace, and knitted fabrics. In addition, the fair will also highlight Asian fa

Continuing to draw inspiration from his global travels and lifelong interests in art and fashion, Joe Ruggiero has interpreted new designs in a colorful array of Sunbrella fabrics for December Showtime in High Point. From the silhouetted florals prominent on the runways in Milan and New York to traditional Amish and American quilts, Ruggiero is once again expanding the horizons of home décor. “Inspiration is everywhere – from the small stitching of an antique quilt to the fine pinstripes

Shandong Ruyi Technology Group has formally expressed its intention to acquire up to 31.2 million ordinary shares of Masood Textile Mills through AKD Securities. PHOTO: AFP/FILE A Chinese business group has shown interest in acquiring 52% shares in one of Pakistan’s leading textile manufacturing companies, according to a recent notice sent to the Karachi Stock Exchange (KSE). As per the KSE regulations about substantial acquisition in a listed company, Shandong Ruyi Technology Group has for

The Southern Gujarat Chamber of Commerce and Industry's (SGefforts to establish a strong business tie in the field of textiles with Pakistan seem to have paid off. For the first time, Pakistan's largest textile manufacturing company Gul Ahmed is participating with its range of fashion products for women, including bed sheets, comforters, multi-needle quilts, decorative pillows, window hangings, table and kitchen linen in the three-day 'Fibre to Fashion' event inaugurated at Surat Internationa

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) sent a letter to Bangladesh Bank seeking interest waivers as the apparel makers could not ship their products due to continuous hartals and blockades. The letter was sent on 5th this month signed by BGMEA vice president Shahidullah Azim. But Bangladesh Bank sources said the central bank is not the authority to ask the banks for interest waiver. They said it is the matter of respective banks if they would come up with suc

Repeated blockades have put the garment sector in a tight corner as exporters are counting losses from order cancellation and rising transport costs. Buyers are cancelling orders as exporters fail to meet the lead time due to transport crisis, said Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Some buyers are also imposing penalties in case of delayed shipment, cutting prices of garment products, he mentioned, adding that transport costs hav

On January 1, 2014 KARL MAYER will acquire the majority of the ownership of LIBA Maschinenfabrik GmbH, which in the future will be integrated into the KARL MAYER group. For decades KARL MAYER and LIBA have been the leaders in the development, manufacturing and distribution of warp knitting machines and machines for the production of technical textiles. Both involved parties are convinced that with the combined high level of technical knowledge of the two companies, the long term market l