The country's knitwear exports fell by 4.177 million dollars to 385.197 million dollars during July-August 2013, according to the Pakistan Bureau of Statistics (PBS). It said that knitwear exports went down by over one percent as compared to the commodity's exports of 389.374 million dollars during July-August 2012. The PBS showed that in terms of volume, exports of knitwear however surged by 34 percent to 23,179 metric tons as compared to the commodity export of 17,358 metric tons, depicting a

Cotton consumption in Bangladesh will increase significantly in the current fiscal year (FY) 2013-14 due to continued export growth of readymade garment and yarn. Industry insiders said to meet the growing demand for yarn and fabric in the international and domestic markets, cotton consumption will increase nearly by 17 per cent to 0.7 million tonnes in the current financial year. They also said business relocation by the Chinese and other companies to Bangladesh have been increasing due t

Workers in a textile factory. REUTERS/Stringer Indonesian Textile Association chairman Ade Sudrajat said Indonesian textile exports had grown by three to four percent despite the global economic turbulence. “Exports rose despite the global economic slowdown,” Ade told Tempo at the JI Expo Kemayoran in Jakarta on Friday, October 18, 2013. Ade said textile and textile product (TPT) exports were predicted to reach US$13 billion this year, adding that the realization of TPT exports to August h

Thirty expert panels led by Bangladesh University of Engineering and Technology will start inspecting garment factories by the end of this month to find structural flaws and ensure worker safety, a government official said yesterday. The inspection was supposed to start from September 15, but it was delayed due to a shortage of funds and the absence of a common checklist for inspection. “The donor agencies have finally agreed to release the proposed fund worth $24 million as expenditure fo

Another victory for luxury labels in the fight against counterfeiting. Gucci America Inc. was recently awarded 144.2 million dollars, equal to 89.2 million pounds, in damages by the federal court in Fort Lauderdale, Florida, as well as a permanent injunction against a number of online companies involved in a web-counterfeiting scheme. Gucci filed the lawsuit back in May, accusing the defendants of trademark counterfeiting and ‘cybersquatting.’ The lawsuit was file against 100 businesses, who

A Free Trade Agreement (FTA) proposed between Sri Lanka and China will assist Sri Lanka to develop its garment and handloom textile industries as a way to eliminate poverty in rural areas. According to a statement issued by the Ministry of Economic Development of Sri Lanka, A Chinese delegation led by the Deputy International Trade Representative of the Ministry of Commerce of China Yu Jianhua, met with the Economic Development Minister Basil Rajapaksa, at the Ministry in Colombo for discussi

Li Peng Enterprise Co Ltd, which makes nylon products, said yesterday that it will become the world’s largest nylon maker after it completes its expansion to increase capacity by 180,000 tonnes of nylon a year next year. “We are building one more production line, and after the expansion, our capacity will increase to 580,000 tonnes of nylon a year, replacing BASF SE as the world’s largest nylon maker,” Li Peng president Jonathan Lin (林文仲) told reporters yesterday on the

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that today’s North Island sale of 6,600 bales continues the upward trend in the market. We continue to see good clearances at auction with today’s sale seeing a 98 percent sold rate. Fine Crossbred Fleece and Early Shorn gained 1.5 percent with 33.5 to 36 micron, 3/5 inch realising 2.5 percent above last South Island sale. 31 to 34 micron, 3/4 inch rose to 1.5 to 2.5 percent while 32 to 34 micron,

Raffaella Carabelli, President of ACIMIT. ? ACIMITACIMIT, the Association of Italian Textile Machinery Manufacturers, returns to Indonesia with two symposiums presenting Italian textile technology to local textile manufacturers. The industrial areas of Solo and Bandung will host symposiums, organised by ACIMIT and ICE-Trade Promotion Agency, in November. During the event, some of Italy’s leading textile machinery producers will be presenting their latest products to Indonesian textile operato

The head of the Armenian Development Agency (ADA) Robert Harutyunyan told reporters today that Armenia and Argentina may establish a joint textile company in the near future. He said the parties had conducted some talks and are expected to sum up their results in a couple of months. Armenian textile products are already exported to Argentina, but in very small quantities. According to Harutyunyan, the statistics show that exports from Armenia to Argentina are very small, and therefor