Leading economists have forecast a healthy 10% increase in Vietnam’s garment and textile exports for 2014 to US$23 billion. However, the National Garment and Textile Group (Vinatex) cautions that a number of thorny problems, particularly those dealing with the procurement of raw materials, must be overcome if such an optimistic outlook is to be achieved. The sector is overly dependent on the importation of raw materials to meet its production quotas, which adds significantly to its produc

Yulun Jiangsu Textile & Garment has got the investment certificate on a fiber production, textile and dying factory to be located in Bao Minh Industrial Zone in Vu Ban district of Nam Dinh province, capitalized at $680 million. According to the Nam Dinh provincial Industrial Zone (IZ) Board of Management, the factory, covering an area of 8 hectares in Bao Minh IZ, would become operational from mid-2016. A Hong Kong investor has expressed the intention of developing a textile and garmen

The exports of apparel and clothing accessories from Philippines surged by 45.71 percent year-on-year to US$ 145.445 million in January 2014, according to the data released by the Philippines Statistics Authority (PSA). The share of garments and accessories in the Philippines’ overall exports also increased to 3.32 percent in January 2014, compared to the share of 2.61 percent in December 2013 and 2.49 percent in January 2013, the data showed. During the month, Philippines also exported ya

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