Chinese sports apparel manufacturing firm Hengda Group Holdings Corp. has set its sight on listing in the Philippine Stock Exchange and is buying into a local competitor to establish a footprint in the country. This is the latest on a number of Chinese nationals who brought investments into the Philippines, underscoring the Philippines growing attractiveness, analysts said. Leonardo Arguelles, Unicapital Securities, Inc., managing director, said Hengda intends to raise as much as P3.1 bi

The second chapter of the trademark dispute between Italian fashion house Gucci and mass clothing brand Guess has concluded after an Italian court rejected all claims brought by the Florentine-based label against Guess. Gucci claimed that Guess’ use of various logos including the Gucci diamond pattern, the G logo and the ‘Flora’ pattern infringed on its trademarks, adding that the use of the designs by Guess as “unlawful and parasitic free-riding on Gucci’s trademark and, in general, its brand

Germany-based Qmilk has developed a fibre from milk protein casein, known as Qmilk. It is said to offer comfort, combined with technical performance and sustainability. The Qmilk fibre is protein based and most comparable to silk. Renewable, natural and high quality materials are said to be used to produce it. Qmilk makes use of a waste product from the dairy industry. During the process no waste is accumulated and a maximum of two litres of water is needed during five minutes of pro

Workers produce shoes at Quang Nam Shoes and Leather Co. — VNA/VNS Photo Hong Ky Viet Nam saw a slight recovery in industrial production with the return of a US$1 billion trade deficit in April, according to a report from the Ministry of Industry and Trade yesterday. Statistics showed the industrial production index in April increased by 5.8 per cent over the same month last year and the index of the four-month period rose 5 per cent over the same period last year. The figures reflect

Turkish government filed a flash Anti-dumping Investigation on Polyester FDY Yarns (HS CODE: 540247) against China, India and Malaysia last Friday, 26 April. Investigation was led by main Turkish producers of FDY; namely Korteks, Polyteks-Sinterama and SASA Iplik. Final hearings of both main importers and foreign producers of Polyester FDY will be compiled and the verdict to be reached within a 6 months-1 year time span. Source: yusufkocer.wordpress.com .

Egypt agreed to export 605.5 metric tons of cotton in the week ended May 2, according to the Alexandria Cotton Exporters Association. The country has shipped 66,021.5 tons of the fiber, valued at $194. million, since Sept. 1, the association said today in its weekly bulletin. Exports in the past week included 5.5 tons of the Giza 88 variety, and 600 tons of Giza 86. Source: Bloomberg .

Output of global yarn production plummeted in Q4/2012 in comparison to the previous one due to lower output in Asia, North and South America, while production in Europe increased. Also year-on-year global yarn production dropped as a consequence of lower production in Asia and North America and despite higher output in Europe and South America. Global yarn stocks rose in Q4/2012 in comparison to the previous quarter mainly due to higher stocks in Asia and Europe while inventories in South A

Show organizer Messe Frankfurt's portfolio of global events next year will include Heimtextil India, which will take place June 19-21 in in Hall 11 of Pragati Maidan, New Delhi and targets the country's growing contract and retail trade. "The Indian textile market has always been an international pioneer and is currently the second biggest in the world," said Olaf Schmidt, Messe Frankfurt's vp of textiles and textile technology. India's textiles market is projected to grow at a compound annu

After cancelling its licence to sell 12 varieties of Bt cotton seeds last year, the State government has allowed Maharashtra Hybrid Seeds Company (Mahyco) to sell the seeds in the coming kharif season, subject to certain conditions. Confirming this, State agriculture commissioner Umakant Dangat told The Hindu on Monday that Mahyco had given an affidavit to him stating that the company would supply 10 lakh packets of Bt cotton seeds of the popular MRC 7351 variety. The company would submit a deta

In April, Bangladesh's exports rose nearly 10 percent to $2.08 billion from a year earlier, rising for a 10th month, thanks to stronger clothing sales, the Export Promotion Bureau said on Tuesday. But industrial accidents, such as the April 24 collapse of a garment factory complex where more than 700 people died, have raised serious questions about worker safety and low wages, and could taint the reputation of the poor South Asian country, which relies on garments for 80 percent of its exports.