The National Council of Textile Organizations (NCTO) has launched Textiles in the News (TIN), a new website promoting the US textiles industry. The first original content is an opinion piece by NCTO President & CEO Auggie Tantillo titled Why NCTO Launched Textiles in the News. As part of NCTO’s American Textiles: We Make Amazing public relations effort to rebrand the US textiles industry, TIN’s mission is to showcase the dynamism of the US textiles industry and cover the policy issues tha

To boost the cotton production and increase its cultivation area by 45 percent by 2025, an action plan has been prepared which recommends to rationalize existing excessive incentives for sugarcane. The recommendation was part of the action plan presented to a meeting of the federal cabinet for increasing the cotton production in the country. According the minutes of the meeting, available with The Nation, the cabinet was informed that due to different factors cotton production had faced vi

Apparel exports from India were to the tune of $1.44 billion (approx.) in February 2018, showing a decline of 10.25 per cent compared to $1.60 billion (approx.) exports made in the corresponding month of the last year, as per the latest official trade data. In rupee terms too, the value of exports declined by 13.86 per cent to Rs 9275.08 crore. “Already apparel production is on a declining curve with industry registering decline of 10.4 per cent for the period April-January 2017-18. On the ot

In 2017, adidas delivered a year of strong performance, increasing currency-neutral revenues by 16%. This development mainly reflects an 18% increase at brand adidas, which was mainly driven by double-digit sales increases in the running category as well as at adidas Originals and adidas neo. In addition, high-single-digit sales increases in the training category also contributed to this development. Revenues at the Reebok brand grew by 4%, driven by double-digit sales increases in Classics,

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months. Industrial output expanded at 7.2 percent year-on-year in the first two months, accelerating from 6.2 percent growth in December 2017, the National Bureau of Statistics (NBS) said in a statement. The growth was faster than the 6.3 percent growth during the same period last year, and was well above analyst expectations. Retail sales of consumer goods grew 9.7 percent year-on-year, fa

The Alliance continues to achieve unprecedented progress in our efforts to improve safety within the readymade garment industry in Bangladesh A total of 322 RMG factories affiliated with the Alliance for Bangladesh Worker Safety have completed all material components in their corrective action plans. Some 88% of factory remediation is complete across all active factories, including 84% of items most critical to life safety. The Alliance, a platform of North American apparel buyers t

Kenya’s textile industry will soon have a very rare raw material to convert it to favourable outcome as Kenya’s research team along with Chinese textile manufacturers has found a wild fruit Calotropis procera, which grows in arid regions (Baringo, Kajiado and Makueni) and after a research it was found to produce good quality fibre. This fibre is regarded as unique, surpassing the quality of cotton and silk. A Team of Researcher are spending time to explore the fruit’s fruitful results so that

As buyers and sellers stayed away, dull and dreary conditions prevailed on the cotton market on Tuesday. Overall, the undertone was firm but the outlook uncertain as the market was directionless due to diminishing stocks and shortage of quality lint. According to market reports, no transactions were reported on the ready counter. At the Karachi Cotton Association (KCA) did not change the spot rates, currently pegged at Rs7,400 per maund. High cotton prices are reportedly discouraging sm

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months. Industrial output expanded at 7.2 percent year-on-year in the first two months, accelerating from 6.2 percent growth in December 2017, the National Bureau of Statistics (NBS) said in a statement. The growth was faster than the 6.3 percent growth during the same period last year, and was well above analyst expectations. Retail sales of consumer goods grew 9.7 percent year-on-year, fa

For fiscal 2017, Lenzing Group, a supplier of global textile and nonwovens industry with high-quality, botanic cellulose fibres, has recorded revenue growth of 5.9 per cent to €2.26 billion. The company has recorded high revenue and earnings due to a better product mix and higher selling prices in combination with a generally favourable market environment. The company EBITDA improved by 17.3 per cent to €502.5 million (2016: €428.3 million). The corresponding EBITDA margin rose to 22.2 per ce