A massive work order from global fashion brands and buyers led to Bangladesh’s RMG exports rising 33.81 per cent to $31.43 billion during the July-March FY2021-22 period.Though the textile and garment sector in the country is witnessing an excellent flow of orders, supply gain glitches, constant pow... Read more
India’s textile industry saw phenomenal sales and EBITDA growth in FY22 over pre-COVID levels, shows latest Wazir Textile Index compiled by Wazir Advisors for the year FY22. The index based on the analysis of 10 companies highlights, overall grew by 18 per cent Y-o-Y since 2020. Welspun India record... Read more
Producing one meter of woven fabric from cotton 1-1/8" in a continuous open width process (COW) costed $1.36 /metre on average in 2021. Cost was highest at $1.91/metre in Italy and lowest in India at $1.11/metre, reveals latest edition of International Production Cost Comparison (IPCC) from Internat... Read more
This latest edition of Cotton This Month shows, a decrease in the size of cotton crop in top cotton producing countries like India, Argentina and South Africa that has resulted in consumption outpacing production in the 2021-22 season.
Consumption to exceed production by 265,000 tons
Yield of smaller-th... Read more
A strong pillar of its economy in the past, Nigeria’s textile industry is currently on the brink, having shrunk from 175 firms in 1985 to less than 20 in 2022. The sector’s employment has declined from 137,000 jobs in 1996 to less than 20,000 now. Nigeria’s textiles exports suffere... Read more
To maintain its competitiveness, China's textile and apparel sector plans to develop innovative fibers and focus on sustainable production while expanding its reach to markets covering the regions included in the Regional Comprehensive Economic Partnership agreement.
China’s textile and garme... Read more
Italian premium denim manufacturer Candiani and specialized manufacturer of cellulosic fibers, the Lenzing Group have collaborated to sensitize consumers and industry leaders on the growing need to be sustainable and adopt fabrics made from alternative fibers like hemp. As per a Spin Off report, the colla... Read more
Sri Lanka’s textile and apparel sector may face serious consequences if policy makers fail to introduce new reforms to accelerate its growth, warns the Joint Apparel Association Forum (JAAF). Sri Lanka’s textile and garment exports increased 10.8 per cent in the first quarter of 2021 to $1.5 b... Read more
With the former Soviet republics altering ties with Russia, it has become imperative for Central Asian states to find alternative markets for their products to shield their economies from Russia’s impending economic collapse. Only a more economically prosperous Uzbekistan can help protect Cent... Read more
A member of TMAS, the Swedish textile machinery association, ACG Nyström, is set to participate in the upcoming Texprocess exhibition in Frankfurt Germany from June 21-24. The company will demonstrate the benefits of automated Talon 75 multi-ply cutter by Eastman at the exhibition. A service provider... Read more
The price rise to Rs 100,000 for a single cotton candy is bleeding the entire textile chain with export demand dwindling and production curtailed at every level. The price rise is affecting not just small units but also big players. What’s more abolition of import duty on cotton has not provided any... Read more
Many felt a later date would have worked better for the just concluded Denim Premiere Vision-Berlin held on May 17 and 18, 2022. However, the two-day event was attended by over 80 exhibitors who showcased their Fall/Winter 2023-24 collections and latest sustainable R&D developments.
Highlights on new... Read more
Cotton made in Africa (CmiA) has witnessed a surge in demand going past previously achieved records. Stats reveal, over 600 million worth of CmiA textiles were sold this year almost double that of last year. CmiA’s licensed retail and brand partners also grew around 30 per cent in the past fou... Read more