Chinese home textile companies are lining up for initial public offerings (IPO) this year, said Thursday's China Daily. Luolai, the Shanghai-based high-end home textile supplier, started its new stock subscription on Wednesday, putting it in the vanguard of those seeking a stock market listing. The company has set the IPO price at 27.16 yuan (3.88 U.S. dollars) per share. Shares are expected to debut on the Shenzhen bourse around Sept 10,the newspaper said, citing Wu Xianzhong, Luolai'

With the recession in the US and the EU showing signs of slowing down, Nepali garment manufacturers have started to receive fresh inquires and orders from their overseas buyers. The new inquires from the US mean a lot to Nepal's garment industry since it is the largest market for Nepali readymade garments. Inquires from India are also starting to trickle in. "We've been getting inquires from US buyers of late," said Prashant Pokhrel, president of the Garment Association of Nepal (GAN). The ea

Clothing retailer Cotton On has withdrawn a line of controversial baby clothes after public outcry, several protest groups say. The Cotton On T-shirts and suits, which featured slogans including "The condom broke" and "They shake me", went on sale in New Zealand last month. Last week, the T-shirts were removed from Australian shelves and the company said it "recognised that certain references are not appropriate, and will sincerely endeavour to not cross these lines again". Lobby groups

HANOI, Aug. 6 (Xinhua) -- Vietnam's Customs said that the country raked in 440 million U.S. dollars from garment and textileexport to Japan in the first six months this year, a year-on-year increase of 22 percent, the local newspaper Vietnam Economic Timesreported Thursday. The increase was owed to tax reduction scheme applied on Vietnam's export items to Japan. The scheme was a result of the signing the Vietnam-Japan Economic Partnership Agreement, by the two governments at the end of last

On July 25, Mr. Wang just returned from the outside and saw the notices printed on A4 paper on the gate of District C, Dongsheng Road Market, one was a notice about "the Salesrooms of China Textile City Knitted Fabric Market Attracting Business publicly" released on July 22, and the other was the notice about "Knitted Fabric Market's Business Attraction Temporarily Closed " released on July 25. After reading this, Mr. Wang realized that the business attraction work for the salesrooms on the seco

On July 28, the primary appraisal results of 2009 China Professional Clothes Designers Creative Design Contest undertaken by our county was released. 30 contestants in the short list are eligible to enjoy "the great gift for creation" offered by our county. In mid-August, these contestants will come to Keqiao and source the suitable fabrics for the game after visiting excellent fabric manufacturers. In March this year, our county cooperating with China Fashion Designers Association and other

A third of Russia’s 42,000 clothing retailers will close by the end of this year after the economic crisis hurt local spending, according to the head of the European Fashion and Textile Export Council. The likely retail failures and order cutbacks in Russia mean companies in fashion-exporting nations such as Germany will deliver less apparel for the winter season, said Reinhard Doepfer, who leads the Brussels- and Stuttgart-based industry group. He said the Council surveyed German clothing make

Statistics from China's Textile Industry Association show that while China's textile exports dropped in the first half of the year, China continues to maintain a stable share of the international market. Between January and May, the trade surplus of China's textile and clothing industry increased 11.58 percent compared to the same period last year. Exports were more competitive than the same period in 2008 by 1.22 percent. China's textiles saw a 3.75 increase in the share of the American impo

In the first five months of 2009, China's export of textiles and clothing maintained a favorable balance. Domestic sales became a driving force for the industry’s growth. However, indicators show that the foundations for recovery are still unstable. Between January and June, because of a continuing decline in the demand from overseas markets, total exports of China's textiles and clothing dipped to 60.42 billion USD, a decrease of 11.13 percent year-on-year. Declining international trade

Cotton futures dropped in New York on speculation that textile makers and spinning mills will balk at the highest price in 10 months. Cotton climbed 26 percent this year through yesterday as declines in global production outpaced slowing demand. Today the price tumbled as much as 6.9 percent from yesterday’s high. “Futures went beyond physical demand,” Andy Ryan, a risk- management consultant for broker FCStone Group Inc., said by telephone from Nashville, Tennessee. “We’re now pulling b