The Post, Pakistan
Commerce Reporter
KARACHI: Lint prices remained stable in the cotton market as the demand continued to grow.
The KCA sources said here today that the prices continued to depict upward trends as the demand had been increasing with each passing day due to peak season.
Read more about Lint prices stable in cotton market …
Author: Indonesia Grament
Ethiopia to recieve aid for development of textile industry
Walta Information Center, Ethiopia
The Ethiopian leather, textile and garment industry is all set to recieve support of Japan International Cooperation Agency (JICA) which is conducting studies to assist the industrial sector of Ethiopia.
Read more about Ethiopia to recieve aid for development of textile industry …
Textile Industry Must Develop Greater Competitiveness
Earthtimes (press release)
BEIJING, Aug. 7 Tootoo-Textile
BEIJING, Aug. 7 /Xinhua-PRNewswire/ — The ministry of Finance and State Tax Bureau declared it will adjust the export rebate rate of some goods. Some textiles and garments’ export rebate rate has risen from 11% to 13%.
Read more about Textile Industry Must Develop Greater Competitiveness …
Garment sales in Northern Marianas drop dramatically
Garment sales in Northern Marianas drop dramatically
Posted at 9:40am on 08 Aug 2014
www.radionz.co.nz
Sales for the garment industry in Northern Marianas posted a fall of 24.6% or $US146 million; in the first 10 months of the 2014 fiscal year compared to the same period last year.The drop is primarily due to the closure of 10 factories since January 2005.Sales reached $US448.6m between October 2005 and July 2014, compared to $595m for the same period the previous year. Read more about Garment sales in Northern Marianas drop dramatically …
NAMIBIA: Garment unit closure linked to groundwater pollution
NAMIBIA: Garment unit closure linked to groundwater pollution
BharatTextile.com (subscription), India
WINDHOEK: The Malaysian owned garment factory Ramatex closed its three units due to concerns raised over groundwater pollution. The news that the company had planned to take machinery from the units out of the country, the Namibia Food and Allied Workers Union (NAFAU) held an urgent meeting with the company officials.
After the meeting, Nafau General Secretary Kiros Sackarias said the company had assured the union that they were not planning to shut up shop and withdraw from Namibia. A sudden departure by Ramatex was most recently fuelled in May last year by the company’s failed proposal to Government to buy out the Windhoek factory. Read more about NAMIBIA: Garment unit closure linked to groundwater pollution …
Canada : FCB strip garment retailer Grafton-Fraser of $1.2 mn
Canada : FCB strip garment retailer Grafton-Fraser of $1.2 mn
August 5, 2014
The Competition Bureau announced that it has reached a settlement with one of Canada’s largest retailers of men’s apparel, Grafton-Fraser Inc., resolving the Bureau’s concerns over the company’s pricing practices.
Grafton-Fraser operates over 180 corporate stores under the banners of George Richards Big & Tall, Grafton & Co. (Stonehouse), Mr. Big & Tall, The Suit Exchange, Timberland and Tip Top Tailors. The settlement comes in the form of a Consent Agreement which was registered today with the Competition Tribunal. Read more about Canada : FCB strip garment retailer Grafton-Fraser of $1.2 mn …
INDIA: Mandhana Industries plans Rs 45 cr garment unit
INDIA: Mandhana Industries plans Rs 45 cr garment unit
BharatTextile.com (subscription), India
BANGALORE: The manufacturer of woven fabrics, Mandhana Industries with an investment of Rs 45 crore plans to set up a garment manufacturing unit at Doddaballapura in Karnataka, Mandhana Industries President Karthikeya R Reddy said here on August 03.
The president also clarified that fourth garment of the company would have a capacity to manufacture 25,000 garments per day. Read more about INDIA: Mandhana Industries plans Rs 45 cr garment unit …
Pakistan : Pak moots first garment city in Faisalabad
Pakistan : Pak moots first garment city in Faisalabad
August 4, 2014/Fibre2fashion.com, India
A number of constraints being faced by the textile sector and the delay in implementing various official decisions have resulted in slow realization of the exports and foreign investment potentials.
Officials in the ministry of commerce concede that the delay in implementing various decisions including directives given at the highest level, restrict efforts to increase exports.
Only after a serious push by people at highest level, that a decision has been taken to set up immediately the three garments cities without wasting more time. Read more about Pakistan : Pak moots first garment city in Faisalabad …
Emergency rule boosts Bangladesh garment exports: industry
AFP
DHAKA (AFP) — Bangladesh’s garment exports are booming thanks to a new, stable business climate under the country’s state of emergency, officials said Wednesday.
The nation’s exports of knitted and woven items rose by nearly 17 percent to a record 10.7 billion dollars in the financial year to June 2014.
Read more about Emergency rule boosts Bangladesh garment exports: industry …
Vietnam – Hotexco builds US$ 3.4 in garment factory in central province
Vietnam – Hotexco builds US$ 3.4 in garment factory in central province
YarnsandFibers (subscription), India
05 Aug, 2014 – Vietnam
Hoa Tho Textile and Garment Joint Stock Company (Hotexco) has recently kicked off construction of its subsidy garment factory worth VND54 billion ($3.4 million) in central Quang Tri province. The plant, covering an area of 27,880 sq.m in South Dong Ha Industrial zone, would install 20 garment manufacturing lines to make export-oriented products, said Tran Van Pho, General Director of Hotexco. He, however, added that only four lines will be working in the initial stage Read more about Vietnam – Hotexco builds US$ 3.4 in garment factory in central province …