Explore ideas, evidence and developments across the textile value chain.
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Kathryn Fitts and Dennis Smith have been appointed presidents at Messe Frankfurt Inc. Atlanta following the departure of John Gallagher.
News5 Dec 2013Industrial print-head manufacturer Xaar has announced a major expansion of its R&D facilities in Cambridge, UK, as it seeks to develop products that will allow it to move into new industrial applications.
News5 Dec 2013Rachel White, a textile design graduate from the National College of Art and Design in Dublin, Ireland, has won the SDC International Design Competition 2013 at a prestigious awards evening in Mumbai, India.
Colour-management technology company Datacolor has announced the opening of a new subsidiary in São Paulo, Brazil, to service the country’s growing textile, apparel, paint and plastics industries.
Australian wool auction prices have been on an upward trajectory since the end of October, reaching a high for the season this week. The principal factor pushing the market higher has been the tighter supply this season. The volume offered at auction so far this year is 2% below the comparable figure last season. However, a weaker trend in the Australian dollar’s exchange rate with the US dollar has also been a supportive factor.
News5 Dec 2013Export demand continued at a steady but fairly persistent pace last week. However, some merchants indicated that resistance to higher quotations built during the week, with rises in auction values not being fully offset by a weakening in the Australian dollar, as has been the case during the previous couple of weeks. As a consequence, offers of Type 55 into China were pitched on December 5 at around US$11.70/11.80 per kilo, clean, CIF (90 days Letter of Credit), roughly 10 cents higher than a week earlier.
News5 Dec 2013Wool exports during October totalled 31,805 tonnes, 27% higher than the previous month and 12% more than the year-earlier level. The upturn was influenced mainly by increased shipments to China, which grew by 32%, to 24,569 tonnes.
News5 Dec 2013A larger offering (the biggest since August 15), a stronger NZ dollar and a sluggish demand influenced a generally weaker price tone at this week’s auction, sustaining the recent downward correction in the market. Wool Service International’s Coarse Crossbred Indicator declined by 1.7%, to 515 NZ cents per kilo, its lowest level since September 19.
News5 Dec 2013The wool market rose sharply at the penultimate sale before the Christmas recess on December 4. The Cape Wools Merino Indicator increased by 4.6%, to R116.58 per kilo, clean, just short of its high for the season. The increase to some extent mirrored recent price movements in Australia. However, a good buying interest was also forthcoming from all sectors of the trade. Therefore, despite a large offering of 14,972 bales, a clearance rate of 95% was registered.
More than 45 exhibitors have confirmed their participation in ITMACH 2014, the Indian textile machinery exhibition near Mumbai. Machinery and technology exhibitors drawn from the post-spinning, weaving preparatory, weaving, dyeing, printing and processing as well as garmenting sectors are booking space at the show scheduled to take place from January 22-24, 2014.
Insight4 Dec 2013As the year draws to a close, the sustained slower pace of import buying by China appears to be depressing yarn price sentiment further, with each week that passes. As we have observed on many an occasion, it is the significant growth in imports by that country that has been the most significant factor supporting cotton yarn prices during the past couple of years, but especially during the past few months, when falling cotton replacement costs and a slower fabric market could have otherwise already pushed prices lower.
News4 Dec 2013Klopman International, one of the major European producers of polyester/cotton blended fabrics for work and protective wear, has developed a new fire resistant textile technology - Sungrazer 180 - that provides reliable protection for the Personal Protection Equipment (PPE) clothing industry.
Bangladesh Prime Minister Sheikh Hasina yesterday visited Standard Group’s burnt-out factory complex in Konabari of Gazipur. “The fire at the Standard Group factories was planned,” said the Prime Minister, who spent more than an hour at the factory, speaking to the owners and workers of the factory, which was compliant, according to BGMEA.
Profile4 Dec 2013A leading US-based sliver knitter recently became considerably larger through the acquisition of a long-time competitor. Monterey Mills, based in Janesville, Wisconsin, acquired Tarboro, North Carolina-based Glenoit Fabrics in October. Monterey already had an estimated 60% share of the sliver knitting market.
News4 Dec 2013According to the latest data published by the Trade Development Authority of Pakistan (TDAP), export earnings from textiles and clothing during the first four months of the financial year (July through October) amounted to US$4.69 billion, up 7.55% from a year-earlier. The July/September figure was nearly 10% higher than a year earlier.
News4 Dec 2013SABIC, the Saudi Arabian petrochemicals company, has opened a $100 million state-of-the-art SABIC Technology Centre (STC) in Shanghai, China, which will focus on developing next-generation solutions to help address some of the most pressing issues in China across major industry sectors including Construction, Clean Energy, Electrics and Electronics, Medical Devices, Transportation and Textiles.
