An inflow of capital investment is welcomed by the central province of Quang Nam into the garment and textile sector. Vo Van Hung, head of the Investment Promotion and Enterprises Support Agency of Quang Nam Province, said that many domestic enterprise delegations and foreign firms coming from South Korea, China and Taiwan have visited the province to seek investment opportunities in the textile and garment industry. The most prominent project was a fiber-weaving-dying and garment complex wo

Bangladeshi spinners demand introduction of warehousing facility for cotton trade to reduce lead-time and ensure the timely sourcing of the fibre. Under the facility, merchants from different countries will store cotton at Chittagong port warehouses to sell out their cotton to the local cotton importers and spinners. The merchants can also re-export the cotton from the port to other destinations. The system is already in use by the Chinese government, which is the largest importer of cotton.

British Wool Marketing Board (BWMB) has said that the upcoming wool season will see overall payments to producers at similar levels to the 2014 season, with slight increases within specific types and breeds. “The BWMB’s competitive auction system is a tried and tested method of delivering the best possible wool returns for producers and once again proved itself in 2014, a period of very challenging market conditions with the ever changing currency fluctuations, coupled with the much reported sl

Figures from the General Administration of Customs show that China's exports of textiles and garment totaled about US$ 58.11 billion in January-March of this year, up 2.87% year-on-year, slowing down by 16.73 percentage points compared to January-February period. The export of textiles and garment stood respectively at US$ 23.99 billion and US$ 35.79 billion, up 4.2% and 2%. If calculated in yuan, the exports of textiles and garment amounted to about CNY 366.14 billion, up 3.1% year-on-year.

Pakistan’s final cotton output in 2014-15 season stood at 14.871 million bales, much higher than 13.488 million bales estimated by the Cotton Crop Assessment Committee (CCAC) at its third meeting in December last year. In 2014-15 season, a total of 14,871,174 bales of cotton were received at different ginneries across the country, according to the final report on cotton arrivals, prepared by the Pakistan Cotton Ginners’ Association (PCGA), in joint cooperation with All Pakistan Textile Mills

Indonesian textile and garment industry regardless of rising challenges by way of new electricity prices and increase in labor costs expects to receive investment of around Rp 3 trillion (US$230.15 million) this year. According to Indonesian Textile Association (API) chairman Ade Sudrajat, sizeable portion of Rp 1 trillion will derive from a local firm, while the majority will come from foreign investors, particularly from China, South Korea and Taiwan. Ade during a recent seminar hosted by t

THE rows of upmarket sedans look out of place parked in the working-class Paris suburb but this is Aubervilliers, Europe’s made-in-China clothing capital where traders recently opened the continent’s biggest garment center. A vast range of clothing is on offer in this town north of the French capital where generations of Chinese have settled — and some made fortunes. Canny shoppers can pick up a smart ready-to-wear suit for 40 euros (US$46) in a central store or a pack of cheap socks in th

Commerce Minister Tofail Ahmed, third from left, meets guests at Bangladesh Denim Expo at Radisson hotel in Dhaka yesterday. Photo: Star Denimco Textile, a Turkish denim maker, will open an office in Dhaka soon to sell the fabric to Bangladeshi exporters directly, as Bangladesh is a major exporter of denim products to Europe and US markets. “Everything is ready and we will open the office within one and a half months,” said Oguz Aksoy, marketing officer of Denimco. “Bangladesh is an im

It was a "memorable day" for Marks & Spencer, according to chief executive officer Marc Bolland. After a fifteen year absence, the department store group has return to Belgium with the opening of its newest store on the Guldenvlieslaan street in Brussels. The 5,000 square meter store is part of the previously presented 'Bricks & Clicks' strategy Marks & Spencer has launch to enable its successful expansion. "There is no specific reason as to why we left Belgium," explains Costas A

More than 30 per cent working capital of textile sector is stuck-up under refund regime, while several incentives announced in previous budget 2014-15, including ‘Rationalization of Refund Regime’ and ‘Complete Settlement of all Outstanding Refund Claims till 2014’ could not be implemented so far. “Pakistan textile policy for 2009-14 with outlay of Rs188 billion could be implemented only 15 per cent while textile policy 2014-19 with total outlay of Rs 64 billion was announced with a long del