Pakistan is among the top five best leather producers in the world and possesses potential to get more shares in the world market by focusing on marketing strategy. This was stated by Abrar Ahmed, Chief Executive Shafi Reso Chemical while speaking at a ceremony held in connection with 10-year celebration of Shafi Reso Chemical in collaboration with Alpa, an Italian chemical company. He said Pakistan, despite being among the top five best leather producers in the world, has less than one percen

A plan is being prepared to establish a textile city in Karachi to boost business activity and the economy, says Michael. PHOTO: AFP Federal Minister for Ports and Shipping Kamran Michael has said that a plan is being prepared to establish a textile city in Karachi to boost business activity and the economy. According to the minister the government hasalready acquired land within the city to allocate to the project. Talking to the media, he said that foreign investors would be attracted

(The government-appointed committee is expected to prepare a final report on National Fibre Policy by October 31, Textile Commissioner A B Joshi said here.) The government-appointed committee is expected to prepare a final report on National Fibre Policy by October 31, Textile Commissioner A B Joshi said here. "The Government has appointed National Manufacturing Competitiveness Council (NMCC) under the chairmanship of Ajay Shankar. The first meeting of this committee will be taking pl

Innovative technical textiles are in increasing demand in several key categories but companies involved in the sector also face significant threats into the future. An opinion paper, produced by the European Economic and Social Committee, pointed to opportunities such as new solutions for carbon emission reduction in transport through reduced weight materials and improvements in medical technology in areas such as implants and health monitoring. There were also opportunities to produce tailo

Chinese refinery and petrochemicals giant Sinopec (Beijing; www.sinopec.com) is planning to build the company's first gas-based cracker. According to a report from the international news agency "Reuters", Sinopec wants to build the facility in Qingdao, in the country's northeastern province of Shandong, which places it halfway between Beijing and Shanghai. The proposed cost for the site is anticipated to be roughly USD 3.1 bn. The news agency says it will take three years to complete the plant.

India's largest garment fair was inaugurated in Mumbai on Monday. The 57th National Garment Fair is under way at the Bombay Exhibition Centre in Goregaon from July 1-3. The Clothing Manufacturers Association 0f India (CMAI), which is celebrating its golden jubilee this year, has organised this event. Around 589 stalls displaying over 640 brands across an area of 3.75 lakh sq ft. No less than 35,000 retailers from across India are expected to visit this B2B fair. Four fashion shows are part o

After the CNG price hike, the Gujarat Gas Company Limited (GGCL) has revised its industrial gas price by 5.6 per cent effective from Monday. Sources said the GGCL has revised the industrial gas price from Rs 31.53 per standard cubic metre (SCM) to Rs 33.29 per SCM for the gas-based units in Surat, Ankleshwar and Bharuch. Industry experts said the company had issued notices to the industrial users, including the textile processors in the man-made textile hub of the city regarding the hike in

Sales of cotton have risen this marketing season compared to the same period last year due to the early resolution of the producer price, an authority said on Monday. Latest figures that the Agriculture Marketing Authority (AMA) released show that a total of 41,907,690 kilograms of cotton have so far been purchased since the marketing season opened in April this year, Zimbabwe's news agency New Ziana reported. Last year, a total of 349,000 tonnes of cotton were sold since the selling season

Textile Raw Material Price 2013-07-02 Item Price Unit Fluctuation Date Oil WTI 96.56 USD/Barrel 1.39 2013-07-02 PX 1436 USD/Ton 24 2013-07-02 PTA Buy 7600 RMB/Ton -30 2013-07-02 PTA Sell 1055 USD/Ton 0 2013-07-02 MEG Buy 7030 RMB/Ton -100 2013-07-02 MEG Sell 948 USD/Ton 0 2013-07-02 CPL Buy 18300 RMB/Ton 0 2013-07-02 CPL Sell 2370 USD/Ton 0 20

Australian online entrepreneurs have seen the country take over the highest number of online stores in comparison to anywhere else in the world. According to the latest research, Australia saw a 200 percent growth in the number of new e-commerce shops between 2010 and 2012. Furthermore, Australians see a higher average online spend online, according to Bigcommerce. Bigcommerce, an online systems and services provider said Australian shoppers spend nearly 142 Australian dollars per order, the e