Global demand for naphtha will expand faster than any other light products through 2020, spurred by rising needs of the petrochemical industry in Asia, as per the latest report by the Organization of Petroleum Exporting Countries (OPEC). According to the 7th edition of the annual World Oil Outlook 2013 report of OPEC, the naphtha use in the Asia-Pacific region will grow by 22 percent to 4.4 million barrels per day (bpd) in this period, with China accounting for more than a third of the increa

Cotton imports in Turkey has been on a continuous rise, owing to the absence of any measures against the import of cotton in the country, said Turkey Union of Chamber of Agriculture (TZOB) chairman, Shams Bayraktar. According to a statement issued from TZOB, the chairman said the country imported 613,000 tons of cotton in 2012, which is a 442.5 percent increase compared to the 113,000 tons of cotton imported in 1995. Mr. Bayraktar said the cotton sector is one of the most strategic sectors

Chairman AEPC Dr. A Sakthivel has welcomed the exports growth of 13.47% for the month of October 2013. Speaking on the export growth Dr. A Sakthivel stated that, “ With the stabilization of rupee and structural changes in the competing markets India’s garment exports has significantly improved, our performance is reflected in the stronger order book visibility for this season. "Our exports have also grown because of tapping of new markets like Middle East, Latin America, Japan, Russia and Aus

The BGMEA has taken all the necessary measures to send readymade garment products for shipment through Chittagong port. Arrangements for extra security on the highways for transportation of export goods to Chittagong during hartal got lukewarm response from apparel makers, who still do not dare to take products out of factories and send those to port by road. Despite the ongoing hartal, apparel makers have started sending goods from Dhaka to the Chittagong port with the help of a highway p

The Philippines is slowly but steadily becoming a hub for the garments industry. However, it is threatened by Vietnam where labor is cheaper but that country does not have enough workers. Jing Cruzat, who owns a thriving garments business with factories outside of Metro Manila, has told Business Insight big garments operators from Taiwan, China and Singapore are transferring operations to the Philippines. He explained that after threatening the world with its low-end, ready-to-wear garment

Pic: British designer Paul Smith with his Men's London collection for SS 14 Owner of the world's best known textile fibre brand - The Woolmark Company - and British designer Paul Smith announce a collaboration that will see Australian Merino wool being highlighted across the Paul Smith Men's London collection for SS 14 and AW 14/15. In support of Merino wool, Paul Smith will take an ambassadorial role in collaborating with The Woolmark Company on a co-branded campaign for both seasons. Th

Owing to the rising demand from emerging markets like Africa, China and Latin America, the carpet exports from India increased 10.23 percent during the first half of the 2013-14 fiscal year, as per the data released by Carpet Export Promotion Council (CEPC) of the country. According to the CEPC statistics, the country exported US$ 530 million worth of carpets during the period of April to September this year. In September itself the country exported US$ 73.5 million worth of carpets, which

As a result of a recent trade mission of Uruguayan entrepreneurs to Israel, initiated by the Uruguayan Government and the Chamber of Information Technology (CUTI), entrepreneurs from the country have shown keen interest for investing in the Uruguayan textile sector, said Minister of Industry, Energy and Mining, Roberto Kreimerman. According to a statement issued by the Uruguayan Ministry of Industry, Energy and Mining, Mr. Kreimerman said the tour was initiated to generate concrete investment

Textile exporters termed proposed gas suspension plan a death knell for export-based textile industry and productivity and urged government to provide regular gas supply for textile sector in winter. These view were expressed in a joint press statement on Monday by Rana Arif Touseef, Convenor Joint Action Committee for Energy, Engr. Sohail Bin Rashid, President Faisalabad Chamber of Commerce and Industry, Syed Zia Alamdar, former vice chairman Pakistan Hosiery Manufacturers Association, Ammar

The HinduA file picture of group of women undergoing training programme in garment making in Erode, Tamil Nadu. Photo: M. Govarthan The financial situation of garment manufacturers is expected to improve during 2013-14, mainly driven by growing demand from importing markets, depreciating rupee and structural changes in competing markets like China and Bangladesh, India Ratings & Research said in a report. “Improving textile and apparel demand from large markets, benefits accruing from