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

The exports of readymade garments from Bangladesh to Chile are likely to get a boost as the Latin American nation has recently announced duty-free treatment to imports from all the 49 least developed countries (LDCs), including Bangladesh. According to Chile’s Ministry of Finance, under the new trade preference policy, Chile would phase out duty on imports from all LDCs over a three-year period, starting with seven vulnerable countries (with concentration index greater than 0.75)—Angola, Chad

Workers in a textile factory. REUTERS/Stringer Industry Minister Mohamad Suleman Hidayat has called on textile factories to immediately replace their old equipment with new more modern machines. Out of some 1,500 textile factories and producers, 500 are in dire need of new machines in order to boost quality and production quantity. "They need to be revitalized because the machines and technology are an average of 25 years old," he said after attending a coordination meeting at the transpo

FREEWOOD INTERNATIONAL, a local manufacturer of men's leather shoes, says producers of such footwear are facing several challenges, including the rising cost of rawhide due to shortages and consumers' weak purchasing power.Surachai Alongkornchotikul, managing director of the company, said that for long-term survival, small and medium-sized enterprises like his would need to adapt to higher costs, improve quality, and create brand awareness. Leather footwear is not a high-growth industry, he s

Egypt hopes to resolve the ongoing deterioration in its textile industry, said a cabinet statement on Thursday. In a cabinet meeting, Industry, Finance and Investment Ministers discussed means to improve the income of the national Textile and Wavering Holding Company and curb its losses. The public sector company, combined of more than 30 factories, is facing huge financial issues such as unpaid fees and instability in local prices compared to the international market. The company lost

Total export of readymade garments went up by 17.8 per cent in the first two months of the current fiscal year, largely due to depreciation of Nepali currency. Nepal exported garments worth Rs 786.2 million in between mid-July and mid-September this fiscal as against Rs 667.4 million in the same period a year ago, the latest statistics of Nepal Rastra Bank shows.“The export figure might have gone up during the two-month period due to depreciation of Nepali rupee, as sellers here received more of

Textile exporters have pinned their high hopes for a significant surge in textile exports after getting duty free access to EU following GSP plus status. Textile industry has the potential to double its existing 1.5 per cent share in global textile trade by reaping the benefits of GSP plus. Sheikh Ilyas Mahmood, chairman and Adil Tahir, vice chairman Pakistan Textile Exporters Association (PTEA) said that textile industry is expecting to finally get duty free access to EU in January next year an