China's Nanyang Red Cotton Group completed construction of the textile complex in Andijan region worth $23.6 million, Andijan region administration said on February 26. The Chinese company built textile factory at OJSC Chuama, which will produce 10,000 tons of cotton yarn per annum. According to the business plan, at least 80% of yarn will be exported. In July 2009, the Chinese company acquired property of OJSC Chuama for $1.3 million after Chuama's bankruptcy in 2008. Uzbekistan pla

Italian company E.Miroglio would be investing 55 million lev for fabric production in Bulgaria this year, reports Sofia News Agency. Edoardo Miroglio, head of the Italian firm, said the company would invest 55 million lev in its textile factories in Bulgarian cities of Silven, Yambol and Svishtov in 2014. The investment will be used for replacement of old machinery and equipment to increase production and expand product range, building of new premises for fabric production, and introductio

The exports of textiles and apparel from India are likely to miss the target of US$ 43 billion set for the current financial year by about $1 billion, Textiles Minister K Sambasiva Rao has said, Business Standard reported quoting PTI. Speaking to reporters at an event in New Delhi, Mr. Rao said India’s textile exports, including garment exports, for the ongoing fiscal year 2013-14 are likely to around $42 billion. In 2012-13, India’s textile and apparel exports fetched $34 billion and the

The expected free trade agreement (FTA) to be signed between Japan and Turkey may help in boosting apparel exports from Turkey, said president of the Japanese Textile Federation Akikazu Shimomura, during a recent visit to the Aegean Exporters’ Association (EHKIB) in Izmir. A delegation of Japanese textile industry representatives from the Japanese Textile Federation recently met with Turkish textile exporters from the EHKIB and the Aegean Exporters Union (EIB) with the aim of discussing coope

The textile and clothing sales in the Czech Republic have increased by two percent year-on-year to 47.1 billion koruna (approx. US$ 2.37 billion) in 2013, Financni Noviny reported citing Czech News Agency. Of this, the textile sector earned revenue of 40 billion koruna, while the clothing sector accounted for the rest. However, the long-term trend of decline in employment in the nation’s textile and clothing industry continued and the number of people working in these industries fell by 3.

The Industrial Price Index (IPRI) for Spanish textiles increased by 0.9 percent year-on-year in January 2014, according to the data released by the National Statistics Institute (INE). The IPRI registered in the month of January is significantly higher than the IPRI recorded in the month of December, 2013. Meanwhile, as per the INE data, the IPRI in the manufacture of wearing apparel segment saw a decline of 1.1 percent in the month of January 2014, compared to the same month last year. Th

The European Union (EU) accounted for 48.6 percent of the overall textiles exports, excluding apparel, from Turkey, during the month of January, with the country exporting textiles worth US$ 373.65 million to the EU, as per the data released by the Istanbul Textile and Apparel Exporters Association (ITKIB). According to the ITKIB data, of the total $ 769.21 million textile exports made from Turkey during the month of January 2014, $373.65 million textile exports were destined to countries in

Global yarn production increased in Q3/2013 in comparison to the previous one as a result of higher output in Asia, North and South America while production fell in Europe. Year-on-year global yarn production was up as well with all regions recording higher output levels. Worldwide yarn stocks were slightly lower due to lower inventories in South America, Asia and Europe. On an annual basis global yarn stocks were up with all regions recording higher inventories. Yarn orders in Europe an

Governor Punjab Chaudhry Muhammad Sarwar has said, "Since we are living in global village we would have to change ourselves up to entire satisfaction of the foreign buyers, we would have to adopt modern technology and we would have to replace old machinery in ginning factory to get good results and to meet the requirements of the global market. He was talking to a delegation of Pakistan Cotton Ginners Association (PCGA) headed by Mukhtar Ahmed Khan Baloch and other members were Muhammad Aasi

The first meeting of the joint working group (JWG) for cooperation in textiles sector between Bangladesh and India will be held here on Thursday, said an official. Bangladesh and India signed a memorandum of understanding (MoU) on cooperation in textiles sector in New Delhi in August last year. Later, a JWC on textiles was formed as an institutional collaboration mechanism for speedy implementation of the MoU. The JWC would work to develop collaborations between the textile institutions