Giant Group has recently introduced environmentally friendly and Water Saving Technology in its new venture, Giant Textiles Limited, to satisfy customers in a distinctly superior manner providing quality products with highest price-to-value ratio. Giant Textiles Limited (GTL), the latest and largest venture of the group, is a state-of-the-art environmentally friendly energy saving and fully vertically integrated composite Knit unit with a daily capacity of 25 tonnes of fabrics, said a stateme

The introduction of warehousing facility for cotton trade will immensely benefit the country's spinners, as it will reduce lead-time and ensure the timely sourcing of the fibre, industry people said. Under the facility, merchants from different countries will store cotton at warehouses at Chittagong port to sell 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,

The readymade garment export growth plunged sharply in April compared to previous three months, which the exporters said was aftershock of the political unrest. The garment exports grew 1.16% to $1.93bn in the month from one year ago while January, February and March saw growths of 7.98%, 7.22% and 8.40% respectively. According to the provisional data of Export Promotion Bureau, the overall export earnings in April also declined by 0.53% to $2.39bn. “January was the booking time, but th

In China Keqiao International Textiles, Fabrics & Accessories Exhibition 2015, the mobile exhibition of Online Textile City exhibits more than 1200 pieces of fabric samples. All the samples can be queried online by scanning the two-dimensional code. According to the relevant person in charge of Online Textile City, all the fabric samples are carefully selected from more than 120 high-quality suppliers. The samples are covering yarn, apparel fabrics, home textile products and various type

The Vietnam domestic fibre manufacturers have been facing harsh competition from imported fibre. The Ministry of Industry with the aim to rescue and encourage domestic production has plans to increase import tax on polyester staple fibre (PSF) from zero to 2 percent. The Ministry plans to raise tax on staple fibre, coded 55.01, 55.02, 55.03, 55.04, 55.06 and 55.07, which are currently enjoying a zero tax rate. According to the Ministry of Industry and Trade, Viet Nam imports around 150,00

A new official report has highlighted China's mounting economic challenges, including how to boost exports, amid the slow recovery of the global economy and some countries resorting to currency depreciation. "The world economy is growing at an anemic pace, and consumption and investment is lackluster in many economies. Global trade growth lacks momentum," the Ministry of Commerce (MOC) said in a report released on Tuesday. China's export competitiveness is facing headwinds on two fronts: h

Trade with countries along the Belt and Road, a China-proposed initiative to enhance international connections, amounted to $236 billion in the first quarter of 2015. This translates to 26 percent of China's total exports and imports during the period. In the same quarter, exports to Belt and Road nations increased 10 percent year on year to $144.5 billion, outpacing a general 4.6 percent growth in exports during the period. The volume accounted for 28 percent of China's total exports,

Global buyers of Bangladeshi apparel products have recently expressed concern over the outflow of brand items to the local market and sought cooperation from the garment exporters to protect the image of the brands. Buyers raised the issue repeatedly at the Buyers’ Forum meeting in the capital as the products made for international buyers are being sold in the local market with the labels of the noted brands. At a meeting of the Buyers’ Forum on Monday buyers alleged that the image of th

After tough competition from cotton last year, the manmade yarn and fabric industry is expected to grow at a higher rate of five to seven per cent in 2015-16, on the back of stable crude oil prices. However, it is the domestic market that will see the larger growth, as Indian synthetic yarn and fabric performance has not been one of the best internationally. So, while companies in the segment are not expecting much from exports, the domestic market might bring back some sheen, they say. “Whil

2015 China Keqiao International Textiles, Fabrics & Accessories Exhibitiion(Spring) opens inChina Textile City International Convention & Exhibition Center today. Asoneofthe3domesticmajortextileexhibitions,theexpohasputupaperfectdemonstrationandtradingplatformfortextileenterprisesandtradingcompanies,purchasersandprofessionalspectators. With a total area of 34,000 square meters, thereare 1,332 booths from 635 exhibiting enterprises in this exibition. The main products of clothes, ho