About 1,000 workers at a Takeo province garment factory who have been on strike since Monday are due to return to work today after negotiations between union representatives and the factory wrapped up successfully Tuesday. As workers rallied outside the gates of the Chinese-owned CS Gold Way Textile (Cambodia) Co. Ltd. on Tuesday morning, factory management agreed to all of their 29 demands with the exception of a $15 monthly transport allowance and $20 attendance bonus, which they set at $9

The number of covered vans carrying readymade garment products to the Chittagong port for shipment halved in the last 13 days due to a countrywide nonstop blockade being enforced by the BNP-led alliance. A survey conducted by the Bangladesh Garment Manufacturers and Exporters Association showed that 3,480 covered vans transported RMG products to the Chittagong port for shipment under police protection in January 5-17, while 2,810 covered vans carried goods for the apparel sector from the port

Four garment factories have suffered losses worth $5.72 million (Tk 45 crore) between January 14 and January 18 due to the ongoing countrywide blockade, the garment makers' platform said. The disclosure comes as the Bangladesh Garment Manufacturers and Exporters Association has started assessing the damage caused to the sector by the political turbulence. It has asked its members to quote the amount of losses they incurred since the blockade began on January 6. The loss amount has been cal

Exhibitors display sewing thread at a stall of garment accessories and packaging fair titled ‘GAP EXPO-2015’ at Bangabandhu International Conference Centre (BICC) in Dhaka yesterday Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association has sought land and green banking facilities from government for making the sector compliant and environment-friendly. “A special palli is needed to make the accessories industry compliant. If the government provides us lands

After a modicum of stability in the domestic cotton prices which were mostly stable and steady over the past week or so, both seedcotton (kapas / phutti) and lint prices went lower on Wednesday. Enough availability of fibre and a higher domestic crop than anticipated earlier and weaker condition on the textile market have resulted in notable decline in fibre values over the past day or so. Brokers from Karachi informed that seedcotton prices in Sindh ranged from Rs 1,800 to Rs 2,350 per 40 kgs

Some apparel retailers have cancelled their scheduled flights to Dhaka due to a political upheaval and asked their suppliers in Bangladesh to meet them abroad to wrap up work orders. Industry insiders fear a reduction, cancellation and shift of work orders to other countries due to political tensions. The country has already witnessed 15 days of a nonstop blockade. Garment makers or their representatives are travelling to Hong Kong, China, India, Thailand and European nations, spending tho

Chinese sports footwear and apparel brand 361° is targeting the European market following successful soft-launches in the US and Brazil. Owned by Yue Lei International, 361° is China’s second biggest sporting goods brand and has more than 7,800 stores in China and generates annual revenues of over 1 billion euros. As well as providing running, training and leisure shoes, the brand’s portfolio also includes sports and functional wear for both indoors and outdoors. The brand, which was fou

Despite expected growth in cotton consumption this season, a world production surplus of 1.7 million tons is still anticipated. This will bring 2014/15 world ending stocks to 21.3 million tons, up 9% from 2013/14 and up 147% from 2009/10 when stocks reached a 15-year low. The average world stock-to-use ratio in the 25 years before China began its reserve policy in 2011 was 47%. However, the volume of ending stocks would represent 87% of the projected consumption in 2014/15, and is weighing heavi

A group of Azerbaijanis here are making the most of relaxed visa rules for them in Turkey and Russia, to take the two-and-a-half-hour-flight to the Russian capital. This one-day cargo, mainly consists of women’s dresses, is important for Russian companies with a high demand for Turkish textile productions. According to one of these very frequent fliers originally hailing from Azerbaijan who describes his business not as “suitcase trade” but “transportation,” adding that it is difficult to est

A large number of spinning mills in the region are increasingly opting to upgrade their units to produce compact yarn through retrofits. They are also installing compact yarn spinning systems in their Greenfield project as well as for expansion. According to K Selvaraju, secretary general, Southern India Mills' Association (SIMA), mills are opting for retrofits as the costs are lower and weaving units are opting for faster air jet looms. Textile machinery major Lakshmi Machine Works (LMW), wh