Renewed selling pressure pushed cotton prices lower when trading resumed on Tuesday.Higher phutti (seed cotton) arrival, coupled with falling prices in world cotton markets, adversely affected sentiment.Though buying interest was shown by spinners, they restricted their activity to short term demand on anticipation that cotton prices would move lower the world over on higher production and lesser demand. Floor brokers said phutti arrival gained momentum, but restricted demand from spinners and e

Iran’s textile exports will reach 1.1 billion dollars in the current Iranian calendar year which started on March 21, IRIB quoted Association of Iran Textile Industries’ secretary as saying on Tuesday. Alireza Hayeri made the statement on the sidelines of the 19th international exhibition on textile industry and related machinery which opened on Monday at the Tehran Permanent International Fairgrounds. Some 132 Iranian and 92 foreign companies from 14 countries including Germany, South Korea, Sp

Maharashtra government is planning to set up an integrated textile park, a common facility centre for handlooms and powerlooms, which would open employment avenues for nearly 5,000 weavers here. The government has initiated necessary formalities to table a formal proposal before a ministerial group in the state for launching the first phase, where 2,500 spindle units, 1,000 powerlooms, 300 handlooms and 50 units of readymade garments would be set up here, Nagpur MP Vilas Muttemwar told . State t

Azerbaijan is expected to produce 142,500 tons of propylene in 2014 compared to 44,200 tons projected for 2013, the draft concept of socio-economic development in 2014 and the next three years reads. According to the document, propylene production will reach 163,500 tons, in line with outlooks for 2015. A reduction will be observed in 2016 and 2017, and the production of this product will amount to 24,500 tons and 23,400 tons respectively. Also a growth in polyethylene production is forecasted i

Former regional chairman of All Pakistan Textile Processing Association (APTMA), M Arif Lakhani has demanded the government to provide the crisis-hit textile industry a special incentive package. He said that the textile industry need to operate in full swing so that employment could be improved. The textile is one of the most important industries for the Pakistan economy. It accounts for more than 60 to 70 per cent of the country's total export. He said that the government should encourage expo

Ningbo textile and garment exporters is picking up amid a gloomy international market. Ningbo Customs statistics show that the city's total exports of textiles and clothing (textile yarn, fabrics, clothing and accessories) in the first three quarters hit USD$ 9.47 billion, an increase of 7.2 percent.EU is the largest importer who has exported USD$ 2.48 billion, an increase of 7.6 percent; U.S. ranked second, with exports of USD$ 1.57 billion, an increase of 8 percent. The third large importer is

Punjab government has estimated a Rs 1.84 billion cotton loss. The crop - sown on 2,46,110 acres - was damaged by recent rains and floods across the province, it is learnt. According to a report of Agriculture Department of Punjab, cotton was sown on 5.40 million of acres, whereas 2,46,110 acres have been affected by floods. According to the report Rajanpur is the worst-hit district where cotton crop on about 1,08,584 acres was damaged, followed by Multan where cotton on 19,791 acres was damaged

China National Textile and Apparel Council recently organized an appraisal meeting in Lianyungang, Jiangsu Province for evaluating the project of "Developing Key Technologies and Equipment for Dry-jet Wet-spun GQ45 High-performance carbon fiber", which was jointly undertaken by Zhongfu Shenying Carbon Fiber Co., Ltd., Lianyungang Yingyou Textile Machinery Co., Ltd., Zhongfu Composite Materials (Group) Co., Ltd. and Jiangsu Aoshen (Group) Co., Ltd. The expert group headed by Sun Jinliang and J

In January-August of this year, the export of garment and accessories from Hebei Province amounted to US$ 2.46%, accounting for 12% of the province's total export value, up 14.9% year-on-year, said Shijiangzhuang Customs. Non-state-owned enterprises are main exporters. In the first eight months, the export of garment from non-state-owned enterprises (including collective-run enterprises, private firms and individual business) amounted to US$ 1.99 billion, up 22.5%, accounting for 81% of the t

The worldwide demand for carpet is rising at five percent annually, with production projected to reach 18.6 billion square meters per year by 2016, EU’s Community Research and Development Information Service (CORDIS) said based on the information from EUROC2C CARPETCHAINS project coordinator Marco van Bergen. The statement says good environmental performance and sustainability are now key priorities for the burgeoning carpet industry. To meet the challenge, the EU-funded project EUROC2C CA