Textile and garment exporters are upbeat about their success this year, however they are worried about the expected increase in value of yuan that could add to export costs. This positive attitude is a result of companies?efforts to adjust product mix, develop new materials and styles, promote their brands and for some, relocate their factories, said exhibitors at 16th East China Fair which opened at Shanghai New International Expo Center yesterday. Jiangsu Hongdou Import & Export Co L

China and the United States share many common grounds including trade and economic cooperation, and this cooperation develops rapidly. The bilateral trade value was only $2.5 billion in 1979. In 2005, however, the trade volume had reached $211.63 billion according to Chinese statistics. Now the US has become China's largest export country and second largest trade partner while China is the US fourth largest export market and third largest trade partner. The China-US trade and economic cooper

SHANGHAI (AFX) - B-shares in Shanghai and Shenzhen closed lower, with textile companies weighed down by profit concerns, dealers said. The Shanghai B-share Index fell 1.27 points to 85.53 on turnover of 18.39 mln usd and the Shenzhen B-share Index was down 3.44 points at 251.01 on turnover of 153.80 mln hkd. The FTSE/Xinhua China B 35 Index was down 40.50 points at 3,556.43. The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed do

ANKARA: The textile sector of the country known as major player of the export has began to feel the affects of the crisis due to the competition against China regarding high taxes and high valued YTL, sources said here on February 27. The sector representatives are going to meet the PM of the country on 28th Feb to seek solution against problem erupted due to closure or movement of factories abroad. Nearly eleven factories were closed in Gaziantep while Akkok Group halted the production in it

MOST of China's textiles and garments exporters are optimistic about their fortune this year although they are concerned over a possible yuan appreciation, exhibitors said at a trade fair in Shanghai yesterday. Such optimism is due to the result of the companies' efforts to adjust the product mix, develop new materials and styles, promote their brands and for some, relocate their factories. Jiangsu Hongdou Import & Export Co Ltd, an export unit of Hongdou Group, said it expects exports this

Alliance Russian Textile, one of the leading textile companies in Russia, registered an increase of 17 percent in 2005 turnover.The turnover reached to $323 million, with net income increased 71 percent to $12 million, stated Company's senior officials.Export revenue of the company grew 50 percent to $30 million. This year, company has also released estimated consolidated turnover, which is likely to reach $350 million.Net profit is forecast at $19 million and the targetted export volume is set

Cheaper Chinese textile machinery with faster delivery has forced Indian buyers to give up business with industry giants like Germany and Japan.Rs7000-crore Indian machinery market wants to meet rising global demand, but its demand is almost one and half times the supply as the domestic market can cater only to 28 percent of market.Moreover, the transportation costs to import machines from China are less.Besides faster delivery, Chinese machines are competitive as compared to local machinery in

HANOI - The American Apparel and Footwear Association (AAFA), a US footwear industry group, has joined European shoe importers and retailers in opposing the possible imposition of anti-dumping tariffs on shoe imports from China and Vietnam. The AAFA has urged the European Union (EU) to carefully consider the overall economic impact on the European economy - not just the short term advantages to a small group of shoemakers - of anti-dumping tariffs on shoe imports from China and Vietnam. Imposing

"Textile Industry which has been identified as one of the thrust sector with job creation opportunity has been undergoing substantial changes in its indirect tax structure," says Sanjay Lalbhai, Managing Director, Arvind Mills Ltd. "Cotton textile is already having optional excise duty whereas non-cotton or synthetic fibres were attracting 16% excise duty. Thus spun-yarn and blended fabrics had a distinct disadvantage over cotton textile.With reduction in excise duty from 16% to 8% and import du

After a stability of more than a week, cotton prices come down to Rs2525 from Rs2550 per maund in Pakistan, according to Karachi Cotton Association (KCA).KCA sources also revealed cotton transactions at VHR station, where only 300 bales changed hands at Rs2500 per maund on February 28, 2006.As per Cotlook Indices, A Index stood at 60.65 and B Index was 58.40.Coming to New York Cotton Market Closing Delivery, it released negative changes even on February 27, 2006.Cotton Futures at New York will d