DHAKA - Garment manufacturers in Bangladesh warn that their industry could collapse unless the government agrees to extend a scheme to lend them money to pay workers' wages because of the coronavirus pandemic.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants the government to extend the salary stimulus package by six months and put back the deadline for the repayment of the loans by one year.BGMEA president Rubana Huq says that meeting the scheduled repayments to t

According to the latest data of the US Department of Agriculture a 2.2 million cotton bale reduction to the global production forecast (to 113.9 million) and a 1.6 million cotton bale increase to the global consumption forecast (to 115.6 million).The blend of a smaller cotton crop and higher offtake caused the forecast for 2020-21 concluding stocks to drop 3.9 million cotton bales to 97.5 million.Figure: COVID-19 is still a great threat to the global economy forcing uncertainty and pushing down

The global export of woven baby wear decreased 12.54 per cent to $1,821.24 million in 2019 compared to $2,082.36 million in 2017. Total exports plunged 10.47 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to drop to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.Pic: ShutterstockThe global import value of woven baby wear fell 9.31 per cent to $2,423.01 million in 2019 from $2,671.64 million in 2017. Total imports decreas

Dr Jinfa Zhang, a professor, cotton breeding, genetics, and genomics at New Mexico State University in Las Cruces, has won the 2020 Cotton Genetics Research Award. The announcement was made during the 2021 Beltwide Cotton Improvement Conference, which convened as part of the National Cotton Council-coordinated virtual 2021 Beltwide Cotton Conferences.Pic: ShutterstockZhang was selected by the joint cotton breeding committee and he received a plaque and a monetary award.“He deserved the award for

Mike Ashley’s Frasers Group, which owns Sports Direct, House of Fraser and Flannels, recently acquired fashion retailer Psyche—both stores as well as its online operations—following a buyout deal. Psyche owner Steve Cochrane, who has owned the business for around 38 years, will continue to run it after the takeover. The value of the deal was not disclosed.“After 38 years as an independent fashion retailer we have never seen such uncertainty surrounding the pandemic with local lockdowns, it is gr

DHAKA - The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has released its first sustainability report in which it outlines the country’s apparel sector's commitment to become more environmentally conscious and socially responsible.The BGMEA, which represents around 4,500 garment factories in Bangladesh, commissioned the independent Global Reporting Initiative (GRI) to review its performance on sustainability and social issues for the report.Bangladesh is the world's

GELEEN – Material sciences firm Royal DSM has partnered with clean-tech company Clariter to undertake tests which will examine whether its Dyneema brand of fibre – said to be 15 times stronger than steel on a weight for weight basis – can be successfully recycled at scale using the latter’s chemical recycling solution.Dyneema, anultra-high-molecular-weight polyethylene (UHMWPE) fibre, is lauded for its tensile strength and durability, and is commonly used in industrial applications such as for r

The global export of woven accessories dropped 10.88 per cent to $9,123.52 million in 2019 compared to export of $10,237.63 million in 2017. Total exports declined 11.32 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to slip to $8,124.13 million in 2022 with a rate of 10.95 per cent from 2019.Pic: ShutterstockThe global import value of woven accessories was $6,896.83 million in 2017, which marginally declined 1.17 per cent to $6,816.16 m

The COVID-19 pandemic had its adverse effect on the sales of the Indian textiles and apparel industry, with overall sales dropping by 36 per cent in H1 FY21 compared to that in H1 FY20. In Q2 FY21, however, there have been signs of a remarkable recovery, with the average EBIDTA percentage recovering by 7.4 percentage points from Q1 FY21 to Q2 FY21.Pic: ShutterstockThe overall EBIDTA showed a decline of 58 per cent in H1 FY21 as compared to H1 FY20. Raw material (RM) cost and manpower cost also d

Chen Jianzhiwho is a specialist in new retailer and new e-commercefields will give a lecturefrom15:30 to 16:30 on January 8th. He willreveal procurement policies offirst- and second-tier brand owners .