Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions cast doubt over its future revenues. The fall may result in a revenue loss of about $1 billion for Iran, according to Reuters calculations based on current oil prices, just as the country’s parliament debates President Mahmoud Ahmadinejad’s spending proposals. Tight Western sanctions

CONE will offer CRAiLAR Flax in its denim CRAiLAR Technologies Inc., a maker of natural flax and other bast-based fibers, has entered into a marketing and development agreement with CONE DENIM, America's largest denim mill, to begin this month. Under the terms of the agreement, CONE DENIM will market and develop the use of CRAiLAR Flax in its denim fabric line, which is sold to a broad range of the best global brands in fashion, work wear and casual lifestyle categories. The partnership las

J 20 Air-Jet Spinning Machine for new raw material applications The air-jet spun yarn Com4?jet is one of the members of the Com4?yarn family. Since the launch of the air-jet spinning technology the system has been under a steady innovation process both in terms of machine design as well as textile technology research. Rieter has recently released the air-jet spinning application for new raw materials and yarn count ranges. Rieter’s syste

The first jute board of Bangladesh has commissioned Taratari Shipyard in Kalurghat in Chittagong city on 8th February 2013. In the ceremony, the Director General of Bangladesh Jute Research Institute Dr Md Kamal Uddin said that Jute, instead of wood, can be used in the country to make eco-friendly products such as boats.“Jute is not only the golden fibre of the country,” he said, adding that if new technology is introduced, jute can have great economic potential. Expressing gratitude to a young

Due to the increasing demand in the international markets, the golden fibre products specifically jute bags and sacks- earned a remarkable growth in the current fiscal in Bangladesh compared to the last fiscal. Jute bags and sacks export witnessed 45.35 per cent growth in the first seven months this year. However, the export of raw jute in the fiscal reduced by 5.56 per cent, declining to $136.34 million from 144.37 million in the same period last year. Rezaul Karim, former president of Banglad

Sports goods manufacturers on Monday demanded excise duty waiver on their products on the pattern of apparel industry, which has been granted exemption in the recent budget.“The government has already granted excise duty exemption to apparel industry in the recent budget foregoing huge amount of revenue and it is need of the hour that we must strongly put our case for exemption,” a veteran leader of sports goods manufacturers of the city, Ramesh Chander Kohli told Hindustan Times. The sport

Workers in the picketline at E-Garment Union members from E-garment factory beaten by thugs Police detained five activists from the Clean Clothes Campaign last Tuesday who were meeting workers at a protest outside a clothing factory near Phnom Penh. The workers were on strike because 41 workers had been illegally dismissed for unionizing. While striking the workers have faced police brutality and seven have been beaten by company affiliated thugs using a stick with nails in it. Worker

China needs to introduce the relevant policies to subsidize and support the growth of the garment industry, a deputy to the National People's Congress (NPC) said Wednesday. Gao Dekang, who is also the chairman of Bosideng Group, China's largest maker and distributor of down clothing, made the remarks during an exclusive interview to Xinhuanet. "Since the reform and opening up, China has witnessed a rapid growth in economic progress and workers' salaries... This heightens the cost of the pr

The Apparel Export Promotion Council (AEPC) has asked the Centre to allow duty-free import of yarn like cotton. Observing that the recent increase in cotton and yarn prices have put additional burden on the industry, AEPC Chairman A. Sakthivel said in a statement: “Garment is a critical sector in terms of 11.22 million workers employed in this sector.’’ “I request the Government to allow duty-free import of yarn, as they have allowed for import of cotton for yarn manufacturers,” he said. He f

Government today said it is not considering imposing ban on imports of used clothes. Under the Customs Tariff Act 2012-13, worn clothing and other worn articles attracts a standard rate of import duty of 10 per cent, Minister of State for Textile Panabaaka Lakshmi said in a written reply to the Lok Sabha. She said import duty protects domestic industry from losses. "Government has not considered imposing a ban on import of worn clothes," she said. In a separate reply, she said textile ex