With the Mamata Banerjee government in West Bengal coming up with a draft textile policy to attract investment to revive the sector, leading industry lobbies have expressed hope that the policy roadmap would help the industry to grow significantly. States like Maharashtra and Gujarat unveiled their new textile policies last year to woo investors. "A policy was necessary. It will surely help Bengal's textile sector grow rapidly. The roadmap is also expected to ensure a higher contribution fro

A fight for supremacy is on between two textile segments in the country's biggest man-made fabric industry. Traders have unanimously decided not to pick up finished fabrics from Thursday from the units of textile processors after their refusal to collect unfinished fabrics from the textile markets due to traffic issues. Powerloom weavers deliver grey fabrics to textile markets, which are picked up by textile processors. The finished fabrics dyed and printed by the textile processors are deliver

Malaysia-based Lotte Chemical Titan, a unit of South Korea's top ethylene maker Lotte Chemical, is seeking up to 130,000 tonnes of naphtha for July 2013 to June 2014 delivery, traders said on Monday. The volumes are lower than the 200,000 tonnes of full-range naphtha it bought last year for October 2012 to September 2013 delivery at about $2 a tonne premium to Japan quotes on a cost-and-freight (C&F) basis. The tender is coming at a time when spot naphtha premiums for June cargoes have

Technical textiles offer new technical solutions for the various demands of modern society. As a result, interest in technical textiles is continuously growing. With its range of newly developed functional fibres, the Bavarian viscose fibre manufacturer Kelheim Fibres offers the perfect raw material for a wide range of technical textiles, from nonwoven applications to functional apparel, from sportswear to filtration. Their latest development, Olea, is the world’s first intrinsically hy

After a sharp fall of the ICE futures at the end of the previous calendar week the quotations of the CIF Bremen Index moved to a level last recognized two weeks before. One reason for the downturn of prices was obviously the release of the US supply/demand report with higher than expected season ending world stock. In the domestic market lower prices encouraged a few manufacturers to take the chance to finalize contracts for shipments later this year, but the weaker Euro reduced the price adva

Top 10 Categories in Rising Top 10 Categories in Falling 1. Cotton farbic 2.51% 1. Nylon fabric -1.73% 2. Lining 1.16% 2. Thread/Rope -1.73% 3. Belt 1.00% 3. Apparel lining -1.14% 4. Household textiles 0.76% 4. Bedding -1.12% 5. Viscose/Wool fabric 0.69% 5. Blended -0.61% 6. Natural fibre grey cloth 0.53% 6. Lace -0.46% 7. Other chemical fibre 0.38% 7. Polyester fabric -0.46% 8. Fashion fa

Top 10 popular fabric (2013-05-20) Item Width(cm) Weight/Composition/Specification Price(Yuan/m) Polyester/Cotton Drill 150 21s×21s、108×58(machine dyed) 9.50 Weft Suede 150 105×200(light) 7.60 Printed One Way Stretch 150 118DFDY(yuan/kg) 23.00 Printed Chiffon Ramie 150 75Dfdy×75Dfdy 6.60 Printed Artificial Cotton 145 32s×32s、66×66 6.30 Water-jet Polyester Taffeta 150 50D×63Dfdy、190

For the fiscal first quarter ended May 4, 2013, JC Penney reported a net loss of 348 million dollars. Total sales in the first quarter showed a decrease of 16.4 percent compared to the same period last year. Comparable store sales decreased 16.6 percent for the quarter. Gross margin was 30.8 percent of sales, compared to 37.6 percent in the same period last year. As a percent of sales, total operating expenses were 49.3 percent in the first quarter. Myron E. (Mike) Ullman, III, chief executive

Nordstrom fell 2.7 percent to 59.45 dollars after regular trading ended in New York. The shares had gained 14 percent this year before Thursday close, compared with a 16 percent advance for the Standard & Poor’s 500 Index. The fashion retailer reported net income in the first quarter ended May 4 dropped 2.7 percent to 145 million dollars, or 73 cents a share, from 149 million dollars, or 70 cents, a year earlier, Nordstrom said. The 24 analysts surveyed by Bloomberg expected on average 76 c

Walmart, the world's largest retailer, has posted a rise in profits in the three months to April. The US giant, which owns UK's Asda, said profits rose 1 percent to 3.78 billion dollars (2.48 billion pounds) after sales in the US fell by 1.4 percent. Promotions boost sales at Asdah Sales and profits at subsidiary Asda, the UK's second-biggest supermarket, rose by a healthier 1.3 percent thanks to a range of price promotions. The company's fashion ranges, especially George by Asda, have bee