Geared up to set up a garment industry in Adamjee Export Processing Zone (EPZ) in Bangladesh, Indo-Bangladeshi joint venture firm Remi Holdings Ltd. has entered into a deal with Bangladesh Export Processing Zones Authority (BEPZA). Sarah Ali, Director of Remi Holdings and BEPZA (Investment Promotion) Member Sayed Nurul Islam inked the deal to this effect on behalf of their respective organizations. As per the deal, the firm intends to spend US$ 18.02 million for setting up the new facilit

The FabricLink Network is constantly working to give designers and product developer’s easy access to textile companies and their latest technologies. FLN, the premiere online networking and fabric education resource for the textile industry and its consumers, announces the improvement and expansion of its Searchable Indexes to make it even more simple and quick to find new innovations and the companies that produce them. “We now have 11 Searchable Indexes to make networking easy, including i

The American Quilter’s Society, headquartered in Paducah, KY, presents an all-new exhibition from the Tentmakers of Cairo at AQS QuiltWeek in Paducah, KY. The 2013 North American tour of Stitch Like an Egyptian makes its second stop with 100 new works of appliqué artistry. Each piece is handmade in Cairo specifically for exhibition in the United States, and will be accompanied by two of the artists. All 100 works on display are masterfully designed and crafted, showing the breadth of design a

American Textile Recycling Service is excited to bring its textile recycling mission to the Nashville Earth Day Festival, Saturday, April 20th at Centennial Park in Downtown Nashville. A free, family-oriented event, the Nashville Earth Day Festival attracts over 15,000 attendees in celebration of National Earth Day and is widely considered to bring the city closer to Mayor Karl Dean’s goal to be “the greenest city in the Southeast.” ATRS Recycling will be the only textile recycler at the fest

NY futures continued to slip this week, as July gave up 126 points to close at 85.48 cents, while December dropped 58 points to close at 85.08 cents. The futures market remained under pressure as hedge funds continued to exit commodity positions. According to the latest CFTC report, speculators were 7.3 million bales net long as of April 9, down by 2.5 million bales in three weeks, and over the last ten days this position has probably been reduced further. This exodus by the spec sector has g

The quintessential British luxury firm, Burberry, Wednesday reported revenue for the fourth quarter was 10 percent higher than in the previous month, driven mainly by consumption in China. The turnover Burberry British textile group in the second half of its fiscal year grew by 8.7 percent over the same period the previous year, to 1.116 billion pounds (1.299 billion euros), thanks to the drive of sales in the Asia Pacific region, particularly in China, the company said. Specifically, in its fi

The workers of a garments factory on Thursday demonstrated blocking the Dhaka-Mymensingh highway and submitted memorandum to the Gazipur deputy commissioner following a procession causing long tailback on the high way. The workers of SQ Crystal Sweater Limited at Teknagapara area under Sadar uapzila staged the demonstrations on Thursday for the 10th consecutive day pressing for nine-point demands including increase in overtime allowance and the rate of wages. The workers took to the street

Document photo Indonesian textile market in Tanah Abang, Jakarta. (ANTARA/M. Agung Rajasa) The government hopes Indonesia`s textile industries could increase their market contribution up to five percent in the future. "Right now their contribution to the world`s market is still at 1.8 percent. I hope it will increase to four or five percent in the next ten years," industry minister MS Hidayat said after opening a national meeting of the Indonesian Textile Association (API) here on Thursday.

A sharp rise in Vietnam’s textile exports to foreign markets that are not traditional importers was recorded in the first quarter by the General Department of Customs. According to a report released on Tuesday, apparel exports brought home US$3.7 billion in the first three months, surging 18.3% year-on-year, with shipments bound for numerous new markets picking up markedly. For instance, export value of Vietnamese garment items shipped to ASEAN members reached US$111.4 million in the first

Cotton farmers have demanded that merchants pay between US$0,80 and US$0,90 per kilogramme this season. The cotton marketing season kicks off next month, and there have already been signs that farmers and merchants will fight over prices. Every year, a price war erupts between the two sides, with farmers demanding a "fair price" while ginners, who have always offered about US$0,30 per kg, have refused to pay better prices citing low international prices. To determine the local producer price