1,023 articles in Markets · Clear
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5.2% Slump in US textile and apparel imports
Textile and apparel shipments to the U.S. declined 7.9 percent in December to 3.5 billion square meter equivalents compared with the year earlier, the Commerce Department’s Office of Textiles & Appare...
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KABO Purchases Trade Mark of France's ‘JIL’.
Egypt’s KABO has recently concluded the purchase of the ‘JIL’ Trade Mark from France’s JIL International in a deal worth 22 million EGP ( $3.95 million USD).
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Turkish apparel exporters in distress due to recalled loans
ISTANBUL - Turkey’s sixth largest export company, GİSAD, has become stuck between a rock and a hard place after investment bank Morgan Stanley recalled a loan worth $200 million.
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Tunisia needs to become better acquainted with British textile market
The Tunisian textile and clothing industrialists have a full chance to get a "considerable" share of the British market, said Mrs. Jayne Swallow, a British expert in the textile-clothing field. To thi...
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India's textile new stimulus package inadequate
The Indian textile industry is passing through an unprecedented crisis due to global melt down, 40% increase in cotton prices, hardening of bank interest rate, steep increase in minimum support price...
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Egypt's Arafa buys stake in Italian clothing firm
Egyptian garment maker and retailer Arafa Holding has bought a 35% stake in Italian textile firm Forall Confezioni for US$34 million, Arafa said this week. The agreement gives Arafa the right to buy o...
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AUSTRALIA: Wool Production Expected to Decline
Total Australian wool production is forecast to decline slightly in the 2008/09 season, despite expected higher output in Queensland and NSW. For 2008/09, shorn wool production is forecast at 385 mkg...
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GLOBAL: Textile and Apparel Trade and Trends
World Textile and Apparel Trade and Production Trends US textile output fell for a tenth year in 2007, to its lowest level in over 35 years. Clothing output plunged by 40% in volume. Employment was al...
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USA & EGYPT: US, Egypt Trade Surges in First Quarter
Bilateral trade between the US and Egypt is on the rise, with first quarter results surging 19 percent, said US Ambassador to Egypt Margaret Scobey. Scobey did not confirm her country’s stance on sign...
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Textile Exports May Touch $22 bn
Hit by shortage of cotton and rising input costs, textile industry has witnessed job losses of about 3.5 lakh this year even as its exports are likely to touch 22 billion dollars in 2008-09, a trade b...
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INDIA: Synthetic Textile Grows Despite Oil Price Rise
With a few sectors escaping the impact of the galloping global oil price, the synthetic textile industry appears to have got away relatively lightly with the increasing demand pointing to growing cons...
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INDIA: Export Ban May Ease High Cotton Prices
Worried over steep increase in cotton prices over the past few months, the government may temporarily ban export of cotton. The textile ministry is evaluating a proposal in this regard and is expected...
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UAE: Rapid Progress Expected for Textile Industry in the Middle East
According to recent reports, the textile industry in the MENA (Middle East & North Africa) region is expected to grow by 8% annually and reach US$ 65 billion by 2010.
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INDIA: Indian Silk Industry Hit by Chinese 'Quake'
Indian silk industry with an annual business of over Rs 10,000 crore has been hit hard by the last month's earthquake in China, a major supplier of raw silk for the manufacturing units in the country....
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IRAN: World Longest Ethylene Line Under Construction in Iran
Oil Minister Gholam-Hossein Nozari announced that the world's longest ethylene line is currently under construction in Iran. He made the remark while addressing the inaugural ceremony of Kermanshah Pe...
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CHINA: Textile Sector Hit by High Energy Prices
Increasing domestic energy prices could deliver another blow to China's textile industry, already hurting from a strong yuan and rising labor and raw materials costs, an industry analyst has warned. P...
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EU: EU Clothing Imports in First Quarter 2005-2008
EU clothing imports stagnated in the first quarter this year, confirming that buyers partly anticipated the current slowdown in retail sales in Europe. Chinese shipments did not rise, although Europea...
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SOUTH CHINA: Textile Export Drops, Bringing Down Cotton Import
China's major textile exporter Guangdogn province in south China has reported sharp drop of export of textile products this year, which has led to decline in import for cotton. According to local cust...
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INDIA: Rising Cotton Prices Impact Textile Sector This Year
Soaring domestic cotton prices have hit the textile sector this year with mills struggling to achieve a breakeven, the Southern India Mills Association (SIMA) has said. The cotton price spiral and sho...
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KENYA: New Cotton Variety Set to Raise Output
Cotton farming is on its way to full recovery following the introduction of a new variety of the cash crop. The Government and other players in the industry have also put in place new policies and mar...