Coimbatore: The international textile technology and machinery expo (ITGME 2006), the maiden textile machinery fair focusing on total machinery for the entire textile chain, opened here on Friday. About 300 textile/textile accessories manufacturing and marketing companies have pitched in their displays of running machinery/machinery samples/catalogues that have occupied about 1.8 lakh sq ft specially done floor area at the Codissia trade fair complex at Peelamedu here. To ensure optimum

Six out of 10 U.S.-based buyers said they would increase imports of Korean goods when a Korea-U.S. free trade agreement is forged, a survey of 182 buyers by the Korea Trade-Investment Promotion Agency, or Kotra, showed yesterday. About 70 percent of respondents forecast textile industries would benefit from augmented sales to the U.S. market, followed by other industrial sectors, ranked according to the order of preference: general machinery and parts, clothes, information technology products an

WASHINGTON, DC, United States (UPI) -- The Bush administration is considering the possibility of separating textile discussions in on-going multilateral trade negotiations amid warnings by U.S. textile groups that China will soon monopolize the textile industry. New data compiled by the National Council of Textile Manufacturers shows that at China`s current growth rate it will have 70 percent import market share in the United States and European Union in categories not covered under the current

The International Cotton Advisory Committee released the cotton production of Southern Hemisphere in 2005/06. It stated that the cotton production down significantly in 2005/06.Cotton production in the southern hemisphere is estimated at 2.3 million tons, down 13 percent from last season, and should account for only 9 percent of the world's 2005/06 crop, down from 10 percent in 2004/05 and 11 percent in 2003/04.Cotton production is estimated down significantly in Argentina to 130,000 tons (-10 p

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