Explore ideas, evidence and developments across the textile value chain.
23,365 articles · latest first · 17,833–17,856
Insight30 Mar 2015The Pakistan government has launched a diplomatic offensive to improve trade relations with Turkey, which it hopes will enable its textile sector to win back Turkish market share lost after Turkey initiated safeguard measures against Pakistani textile products in 2011. Turkey introduced a special high 42.2% safeguard tariff (called MHF Cess) on Pakistani knitwear and textile garment exports to protect its industry.
Insight30 Mar 2015Indonesia’s industry ministry is planning to boost the growth of the country’s domestic textile manufacturing sector in 2015, with the expansion of an initiative that will help finance businesses buying new equipment and machinery.
Insight30 Mar 2015After last week’s reductions, cashmere prices in China remained firm this week, the Schneider Group reported. The cashmere market in Europe is very quiet, and traders, including those in China, don’t want to take any risks and have preferred to wait to make purchases, the group said.
Insight30 Mar 2015A total of 160,846 kg was on offer at the third sale of the 2015 summer season, held in Port Elizabeth on March 24, with 98% of the offering sold. The average market indicator remained unchanged from the previous sale, to close on R191.37 per kilo.
Insight30 Mar 2015The South African wool market closed lower at this week’s sale due to the stronger Rand. The Cape Wools Merino indicator declined by 1.6% to close at R111.14/kg (clean). This was 0.4% down compared to the opening sale of this season and 2.4% up compared to the corresponding sale of the previous season. The Cape Wools All-Wool Indicator shed 0.8%.
Insight30 Mar 2015The strengthening New Zealand dollar and completed shipping requirements saw most types ease this week, with the finer crossbred wools impacted the most. The weighted indicator for the main trading currencies lifted by 1.39% compared to the last sale on March 19. Of the 9,700 bales on offer, 81% sold.
Insight30 Mar 2015The Australian wool market lifted marginally this week in spite of a strengthening local currency, with the Australian Wool Exchange’s (AWEX) Eastern Market Indicator (EMI) up 1 cent to close at 1,094 cents per kilo clean on Thursday, March 26. In US terms the indicator was up 9 US cents for the week, closing at 854 cents per kilo.
News27 Mar 2015Martin Folini is to take over as CEO at Saurer Group from Daniel Lippuner, who is leaving the company for personal reasons. Mr Lippuner will remain on the board until the end of April to facilitate a smooth transition, according to the company. Mr Lippuner has played a key role over the past two years in forming the new Saurer, formerly part of Oerlikon. Mr Lippuner said: “I have been with Oerlikon/Saurer for nine years. I have very much enjoyed working with the new Saurer. The employees are great and I am confident that I leave Saurer in good hands. Martin Folini has so much knowledge about the industry and technology; it makes him the right person to drive the growth strategy and the innovation pipelines.” Mr Folini, current CEO of the Group’s largest business unit, Schlafhorst Zinser, will have a dual role in the organisation in the future, taking on the challenge of being Group CEO in parallel to his current function as business unit CEO. Pan Xueping, chairman of the board of Saurer and owner of the parent Jinsheng Group, said: “We sincerely appreciate the passion and commitment Daniel Lippuner has shown during the last few years, resulting in an excellent top and bottom line performance of the Saurer Group.” Mr Folini, has worked in the textile industry for many years. He graduated from the Swiss Federal Institute of Technology (ETH) Zurich in 1990 with a PhD. He then worked for Rieter for more than 15 years, for seven years as the CEO of Spun Yarn Systems and for six years as head of Manufacturing and Procurement. From 2010, he was the CEO of Pfiffner Group, a supplier of efficient, high precision, automatic industrial machines. On November 1, last year he joined the Saurer Group. Mr Folini has driven organisational changes in the Schlafhorst Zinser business unit, rearranging the product lines to focus on customer needs and delivering groundbreaking innovations at a faster pace, said Saurer. He will further develop and drive Saurer’s growth strategy, said the company.
Insight27 Mar 2015The forthcoming edition of International Sign Expo is seeing success ahead of its opening in Las Vegas from 8-11 April, 2015. The event has sold out of the 215,000 net square feet of exhibition space available and increasing amounts of new launches are to exhibit at the show.
News26 Mar 2015Leading computerized knitting machine manufacturer Shima Seiki MFG., Ltd., from Wakayama, Japan, together with its European subsidiary Shima Seiki Europe, Ltd. and sales distributor Fenix Digital Group SRL, will participate in FESPA 2015, in Cologne, Germany from 18-22 May, 2015.
