Category: General

Law firm that sued garment industry scramble to stave off an indictment
Saipan Tribune
By Ferdie de la Torre/Reporter

Friday, May 19, 2014
Two top partners of the New York-based law firm that lodged a $1 billion class-action lawsuit against the CNMI garment industry reportedly left the firm as it mounts a campaign to stave off a criminal indictment for paying kickbacks to clients.

According to a May 16 Wall Street Journal article, the departures of David Bershad and Steven Schulman from Milberg Weiss Bershad & Schulman LLP are only part of a last ditch-effort to avoid an indictment against the law firm. Read more about Law firm that sued garment industry scramble to stave off an indictment …

Compliance mechanism falling in garment industry – Global Unions
Daily News

GARMENTS: Garment workers around the world are worse off than they were a decade ago with ten years of intense activity in the name of corporate social responsibility having brought about little real improvement in workplace conditions, Neil Kearney, General Secretary of the International Textile, Garment and Leather Workers’ Federation told the Association of Suppliers to the British Clothing Industry’s Annual Industry Conference in Hinckley on Tuesday.

Kearney said that great reliance has been placed on the social auditing profession, but that intermittent visits from under-qualified auditors are not capable of bringing about real progress. Read more about Compliance mechanism falling in garment industry – Global Unions …

Klementi moves into black, eyes eastern expansion
Baltic Time

TALLINN – The Tallinn-based garment maker Klementi posted a small profit of 465,000 kroons (29,710 euros) for the first quarter despite a 3 percent drop in sales. The company announced that first quarter sales amounted to 31.1 million kroons, while retail sales jumped 14.1 percent to 16 million kroons. Retail sales in Latvia alone soared 76 percent.

Wholesale turnover dropped 17.6 percent compared with the first quarter of 2005 since the company has not been selling output on a wholesale basis in Sweden and Norway since the second half of 2005.
Meanwhile, sales efficiency of retail areas rose 24 percent in comparison with the first quarter of 2005, the company said. At the end of March the Klementi concern operated 11 stores with a combined sales area of 2,588 square meters. Read more about Klementi moves into black, eyes eastern expansion …

Nigeria: Church Plans Hospital, Garment Factory
AllAfrica.com
Toba Suleiman/Abeokuta

Celestial Church of Christ (CCC) world wide, led by Pastor Bolanle Shonekan, has concluded arrangements to establish a hospital, a garment industry and a candle and perfume manufacturing company at Imala, in Abeokuta North area of Ogun State.

The Omola of Imala, Oba Moses Adelani Olabode, at the weekend said this while speaking at his first coronation anniversary.
He said by the time such projects would take off, his community would benefit immensely from it.

At the ceremony attended by several dignitaries, including Mrs Iyabo Obansanjo-Bello, who was conferred with the chieftaincy title of Yeyemeto of Imala, Chief Kayode Odunaro, Baaroyin of Imala and Chief Dare Olaosebikan, Jagunmolu of Imala, Omola described the gesture as the best thing to happen to the community Read more about Nigeria: Church Plans Hospital, Garment Factory …

Financial Express, India – 12 hours ago
Rakesh Sood , Arun S
New Delhi , May 15 Indian textile exporters may be beaming about the rupee’s slide in the past few days, but business has been looking up for them even before the turn in the rupee’s value. More importantly, India’s textiles exports, both in terms of volumes and value, seem to have been growing at the cost of China .
Read more about Textile exports keep Re rise at bay, score over China …

guardian.co.uk, UK – May 14, 2014
Despite every retailer seemingly jumping on the organic cotton bandwagon (at least they’ll get a soft landing) it still accounts for less than 0.5% of total production. And of the mainstream stuff, while only 2.5% of all farmland worldwide is used to grow cotton, a huge 10% of all chemical pesticides and 22% of insecticides are sprayed onto it
Read more about Organic cotton T-shirts for men …

SRI LANKA: Garment Industry wants peace for future prosperity
BharatTextile.com (subscription), India

JAFFNA: The recent visit of US Assistant Secretary for State, Richard Boucher has brought to the fore what the international community thinks about Sri Lanka. The deteriorating human rights situation, the threats to media freedom and the absence of progress in the formulation of a government proposal for a political solution to the ethnic conflict are the main causes the European Union has sore relations with the country.
Mr Boucher’s showed solidarity with the civilian victims of the ongoing military confrontation between Sri Lankan government and the LTTE. Read more about SRI LANKA: Garment Industry wants peace for future prosperity …

Result of US, EU measures against China
Woven, knitwear exports rise by 23pc, 38.58pc in Oct-March period
5/16/2014/Financial Express

The country’s exports of woven garments and knitwear rose by 23 per cent and 38.58 per cent respectively during the October-March period of the current fiscal as a result of the safeguard measures by the US and the EU against China, reports BDNEWS.
The US and the EU imposed their safeguard measures against China for restraining the entry of its garment and textile items into their markets from mid-2005.
The restriction’s positive impact on Bangladesh’s export growth came to the fore after September last, the Export Promotion Bureau (EPB) sources said. Read more about Result of US, EU measures against China …

Retail Store Planned at Former Garment Factory
By PETER BECKER/The Wayne Independent

HONESDALE – Monday night, Honesdale Council approved a request of Steven Daley, to convert a former garment factory on Brown Street, for a retail business. Daley, whose address is in Narrowsburg, intends to begin an outlet for upscale kitchens and appliances, bathroom fixtures, building materials and furniture.
The business is to be located in the former factory at 45 Brown Street where lingerie was made, along the railroad tracks just east of the Agway store. Read more about Retail Store Planned at Former Garment Factory …

AllAfrica.com, Washington – 19 hours ago
Aaron Wanyama
Kampala

I read with disappointment an article on the closure of Lira Spinning Mills in The New Vision of March 28, 2014. The milling factory was sold to Jinda International Textiles Corporation (JITCO), a Chinese firm, which was expected to bring in new technology and create 500 jobs, besides increasing the value and amount of textile exports.
Read more about Uganda: Textile Development Fund a Solution to Local Industry …