Tod’s Group announced that its sales totaled 967.5 million euros (1,344.9 million dollars) in fiscal year 2013 witnessing over 0.5 percent growth over last year. It has confirmed the 2.7 euros (3.75 dollars) dividend per share. In the fourth quarter of 2013, sales amounted to 214.9 million euros (298.7 million dollars), up 0.8 percent from the same quarter of 2012. Diego Della Valle, Chairman and CEO of the group, said, “The group’s 2013 results confirm the positive path of international grow

The Karachi Cotton Association (KCA) revised down its cotton spot rate by Rs100 per maund to Rs6,750 per maund on Thursday after cotton markets failed to improve trading activities, a dealer said. “Cotton markets failed to pick up trade activities, while price of the commodity also fell significantly in recent days. The situation convinced the KCA to revise down its cotton spot rate,” a broker at the Karachi Cotton Exchange said. Fort Abbas market was the only station in the country, which repor

These small exporters are penetrating markets where once China was a leading player in fabric exports. PHOTO: FILE As demand continues to grow, Crescent Cotton Mills has started helping small loom owners increase their capacity in an effort to fulfil international market requirements. The management at Crescent Cotton Mills is providing technological up gradation to small factory owners of Faisalabad along with easy access to export orders from the international market. In Faisalabad,

India is still the largest producer of organic cotton in the world, accounting for two-third of the global organic cotton production. But, the total organic fibre production of the country has fallen by close to 50% as global brands shift to Better Cotton Initiative (BCI). A marketing-driven green alternative to conventional cotton grown using chemicals, BCI is growing rapidly and getting premium over the conventional cotton. From 1,95,797 metric tonne, its peak in 2009-10, to 1,03,004 metric

The Africa, West Asia and South Asia Market Department under the Ministry of Industry and Trade reported that Vietnamese enterprises are enjoying numerous opportunities to accelerate exports to the Middle East and Africa. A large number of domestic enterprises gained large-scale contracts to ship goods especially Islamic clothing in the Middle East with high added value. In addition, modern products such as T-shirt and jean trousers became populous in the continent. This is also a potentia

Fire and Emergency Services personnel took six hours to douse the fire that engulfed the Paragon Godown near Nelamangala on Tuesday. A warehouse of a private footwear company was gutted in an accidental fire on Tuesday. The warehouse located in Nelamangala on the outskirts of the city belongs to Paragon Footwear. According to the police, around 15 employees were on the premises at the time of the incident. They said that the fire broke out around 10 a.m. in the area where raw material, in

The workers in the power loom job working units in Tirupur district, affiliated to six trade unions, submitted a memorandum to the district administration on Tuesday in which they highlighted their demands for better work conditions and social security. The workers had planned to observe fast at Mangalam but were denied permission by the police citing the ‘Code of Conduct’ in place relating to the elections. M. Sivasamy, secretary of Tirupur District Powerloom Workers Progressive Union, sa

The workers of all state-run jute mills across thecountry went on a 24-hour strike simultaneously to meet their11-point demand from Wednesday morning. Earlier on Tuesday, the jute mill CBA (collective BargainingAgent) leaders had a meeting with state minister for Textileand Jute Mirza Azam at his secretariat office but they failedto reach a positive outcome. Then, the workers leaders called the strike for 24 hours inall state-run jute mills to realize their demands, said CBApresident of P

Shandong Ruyi Group of China would invest US$ 119 million for providing technical assistance to aid establishment of Punjab Apparel Park in Pakistan’s Punjab province. This was announced when a Chinese delegation led by chairman of Shandong Ruyi Group, Yafu Qiu, met Chief Minister of Punjab, Shahbaz Sharif, who welcomed the investment support. Mr. Sharif said the setting up of an avant-garde apparel park in the province would strengthen the country’s textile sector by allowing it to fully

Relocation of tanneries from Hazaribagh to Savar Leather Industrial Estate is likely to start from next month as the government finally approved the extended deadline for setting up the Central Effluent Treatment Plant (CETP). The tannery owners could not start transfer of their industries earlier, as the contracting firm failed to set up the CETP within the stipulated timeframe. Later it applied for extension of the deadline. Industries Minister Amir Hossain Amu on February 24 directed the