Workers are seen working in a garment factory Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded low cost loans to pay wages for next four months as they were facing fund shortage due to failure of shipment caused by the political unrest. The loans could be given through creating a special packing credit (PC), they said. BGMEA President M Atiqul Islam demanded the loan for a period between November and February next to be adjusted by next two years. He s

HIGH LABOUR COSTS in China and diversification of Japanese business will continue to bring more direct investment from Japan to Asean countries, a Japan External Trade Organisation (Jetro) official said yesterday. In the first 10 months of this year, more than 14 trillion yen (Bt4.4 billion) of Japanese direct investment flowed to Asean countries, compared with only 7.6 trillion yen to China in the same period, said Isamu Wakamatsu, director of the Asia and Oceania division of Jetro's overseas

Largest ever exhibitor and visitor participation at Yarn Expo Autumn The recently concluded Yarn Expo Autumn fair set new records this year for both exhibitors and visitors. Nearly 150 suppliers from 13 countries and regions took part, including Bangladesh, China, Hong Kong, India, Indonesia, Pakistan, Singapore and Thailand, and new countries Italy, Korea, Lithuania, Sri Lanka and Turkey. This marked a 50% increase compared to 2012. On the visitor side, 6,015 buyers from 63 countries and reg

The Hermes Logistik Gruppe Germany (HLGD) is the cotton initiative's Cotton made in Africa (CmiA) newest partner. Since November, the company expects to outfit its 13,000 parcel delivery staff in Germany with cotton made according to the environmental and social standards of Cotton made in Africa. Hermes and CmiA will thus support around 475,000 CmiA cotton farmers who produce the raw material on the African continent using sustainable methods. By the beginning of the cooperation, Herm

With a glut on the horizon, apparel makers are hoping a reduction in cotton prices would reverse a year-long trend of price increases. The Cotton Association of India has pegged production at 380 lakh bales this year; manufacturers are looking forward to sourcing at lower rates and passing on the benefit to buyers. The key determinant in apparel pricing — cotton rates — has been on an uptrend. The 30-count cotton yarn sold by mills touched a high of Rs 240 a kg in September from Rs 200 in Jan

Referring to recent decline in readymade garment (RMG) export due to recent political unrest, leaders of the sector and its backward linkages on Tuesday demanded special incentives like special P.C or BAISALAM, term loans without interest and halting of loan classification for certain periods. The demands were raised at a meeting between the RMG, textile exporters and the representatives of banking institutions at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Spea

North Korean seamstresses work at sewing machines at the Sonbong Textile Factory in Sonbong, North Korea, inside the Rason Special Economic Zone.(AP Photo/David Guttenfelder) Many of the ways in which this dusty, windswept area differs from most of North Korea are easiest to see at night. Although there are traffic lights in other cities, the ones here in the Rason Special Economic Zone actually light up. The avenues are broad and paved, and along the main street, colorful, decorative ligh

Parisian textile trade show, Texworld owned by Messe Frankfurt is to host its first Turkish edition in Istanbul next year, expanding its reach to offer new sourcing opportunities for buyers in the region. The new edition is being launched to “satisfy demand” for imported fabrics from leading Asian textile nations and will showcase an international offering ranging from cotton to linen, including wool, silk, embroidery, lace, and knitted fabrics. In addition, the fair will also highlight Asian fa

Continuing to draw inspiration from his global travels and lifelong interests in art and fashion, Joe Ruggiero has interpreted new designs in a colorful array of Sunbrella fabrics for December Showtime in High Point. From the silhouetted florals prominent on the runways in Milan and New York to traditional Amish and American quilts, Ruggiero is once again expanding the horizons of home décor. “Inspiration is everywhere – from the small stitching of an antique quilt to the fine pinstripes

Shandong Ruyi Technology Group has formally expressed its intention to acquire up to 31.2 million ordinary shares of Masood Textile Mills through AKD Securities. PHOTO: AFP/FILE A Chinese business group has shown interest in acquiring 52% shares in one of Pakistan’s leading textile manufacturing companies, according to a recent notice sent to the Karachi Stock Exchange (KSE). As per the KSE regulations about substantial acquisition in a listed company, Shandong Ruyi Technology Group has for