Explore ideas, evidence and developments across the textile value chain.
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Insight15 Jan 2014The second half of the 2013/14 wool season is likely to be dominated by tight supplies in the major exporting countries. Auction volumes in the main producing centres have so far this season fallen short of the comparable levels in 2012/13.
News15 Jan 2014The first auction in Bradford since December 11 was held last week and attracted a good level of buying interest. The offering was again relatively small, despite the long gap between sales, totalling 1,698,529 kilos, all of which was cleared. The British Fleece Wool Price Indicator rose by 2.8%, to 223 pence per kilo.
Insight15 Jan 2014In an attempt to compare wages across various textile producing nations, we have compiled the following list of minimum wages. Where possible we have provided minimum wages specific to the textile or garment industry. If multiple rates are shown for an individual country, we have selected those applicable to states or provinces with a concentration of textile production. Otherwise the rates shown are generic. As stated in the table, for the sake of comparison, we have converted all the wages to a monthly basis, assuming an 8-hour working day and an average of 21.741 working days per month.
News15 Jan 2014Cotton yarn prices on the domestic market have increased for a second consecutive week, in response primarily to stronger domestic cotton prices and rises in import quotations for Indian cotton and yarn. However, trading activity at the higher prices quoted has been slack. Local weavers and knitters have commented that fabric business has remained rather slow of late and that their selling rates have not increased. As a consequence, few have been willing to add aggressively to their raw material inventories.
In response to requests from subscribers, we are presenting our view of potential movements in prices for a number of key benchmark values for a range of fibres, yarns and fabrics during the forthcoming six months. We will publish the forecasts in January and July but review the predictions in the interim, making adjustments and providing explanations for any changes in the outlook.
India’s luxury apparel market is worth $370m and growing. Knitwear accounts for a significant proportion of it, however, Indian companies are struggling to match design and manufacturing expertise, making the country dependent on imports, an opportunity for those countries operating at the high end of the market.
News15 Jan 2014Trading activity on India’s domestic cotton market has remained relatively bright, with mills seeking to cover their raw material requirements with increased urgency, following the recent upturn in prices. In addition, seed cotton arrivals have remained below expectations, leading some observers to question previous crop estimates. Other sources indicate that the slower flow of cotton to market has been influenced by farmers withholding supplies from ginners, in the hope of obtaining better prices down the line. Growers’ ability to carry cotton has been enhanced by strong sales early in the season, which has bolstered their financial standing.
Profile15 Jan 2014HP has expanded its digital printing solution for wall decorations at Heimtextil 2014, helping print service providers (PSPs) and wallcovering manufacturers capture new revenue with high-value wall décor applications for commercial, retail and residential spaces.
News15 Jan 2014Conwed, the plastic netting manufacturer, is to share its latest innovations at VISION 2014 - Consumer Products Conference, organised by the Association of the Nonwoven Fabrics Industry (INDA) in Dallas, Texas, from January 27-30, 2014.
US-based Maxcess International Holding Corporation, which specialises in guiding, winding, slitting and tension control systems for web fed converting applications, has been acquired by Bertram Capital. This marks Bertram’s fifth deal in the plastic processing industry and second investment in the web handling equipment industry, following the 2012 acquisition of Webex Inc.
Thwing-Albert has updated its EJA Vantage series universal testing machine for nonwoven and textile applications with a touchscreen instrument controller to simplify the process of tensile tests, peel tests, compression tests and COF tests.
Profile14 Jan 2014The Santoni Company has paid homage to CEO Tiberio Lonati, who died in December. The first thing that struck anybody who met or knew Tiberio Lonati was his charismatic charm combined with a natural humility and his spontaneously warm friendliness. He always remained faithful to his father’s golden rule of being “humble in learning and proud in working”.
