Explore ideas, evidence and developments across the textile value chain.
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With the UK textile manufacturing industry worth £9bn last year and demand for UK-manufactured goods growing from countries such as China, as well as hopeful signs from domestic retailers, there is significant potential for the UK textile industry to grow.
News22 Nov 2013The rolling forward of positions out of the maturing December 2013 contract has generated some price weakness in the spot month in New York cotton futures during the past week. However, the focus of business has already turned to the March 2014 contract, where the bulk of open interest lies, and very little net change was recorded in that delivery or the other forward months.
Speakers from organisations including 3M, Unilever, Danone, Lego, Kimberly-Clark, Kodak, the US Green Building Council, the Green Sports Alliance, Green Blue and European Bioplastics are headlining NatureWorks’ Ingeo biopolymers conference Innovation Takes Root, which will be held from February 17-19 in Orlando, Florida.
News22 Nov 2013Excel Garment Manufacturing, an El Paso, Texas, based company, has been awarded a $7.1m fixed-price contract for men’s and women’s rip-stop airmen battle uniform coats and trousers, maternity coats, and slacks by the US Department of Defense.
Ahlstrom has signed an agreement to sell the converting operations of its West Carrollton plant in Ohio, USA, to West Carrollton Parchment and Converting Inc, an Ohio-based family-owned company. The transaction is expected to be completed by the end of 2013 and financial details have not been disclosed.
SWM, which produces papers and filtration materials primarily for the tobacco industry, has signed a definitive agreement to acquire US-based DelStar Inc. The deal is valued at $231.5m and is expected to close before the end of the year.
Insight21 Nov 2013Prices (both at auction and in export trading) have fluctuated very narrowly for a number of weeks now. Buyers in China seem content to add to their commitments when exchange rate movements allow, while merchants appear able to make prevailing price levels work, covering sales on a back-to-back basis. The volumes of wool coming to market in the weeks ahead is forecast to increase somewhat (it is noteworthy that a weekly offering has still not exceeded 50,000 bales) and the selection should continue to improve. However, processors and mills appear in a purchasing mode, constantly supplementing raw material inventories that are thought to have become depleted through the middle of the year.
News21 Nov 2013Export prices remained range-bound this week, with Chinese processors and mills continuing to cover their foreseeable raw material requirements, albeit in a rather selective fashion, picking up wool on favourable exchange rate fluctuations. The softening in the Australian dollar’s standing against the US dollar today was a stimulus to new business. Offers of Type 55 into China continued to fluctuate between US$11.60 and 11.70 per kilo, clean, CIF (90 days Letter of Credit). Buyers’ bids were typically pitched around 5 to 10 cents lower.
News21 Nov 2013The offering was again limited at last week’s auction and this helped to underpin the market, with prices for many types just about maintained. Wool Services International’s Coarse Crossbred Indicator declined modest to 568 NZ cents per kilo, clean. Buying interest was steady, with 94% of the 5,493 bales on offer moving off.
News21 Nov 2013Despite it being a large offering, wool prices were well maintained at this week’s auction. The Cape Wools Merino Indicator rose marginally to R115.00 per kilo, some 13% higher compared to the opening sale of the season and up 16.5% from a year earlier.
News21 Nov 2013The UK Fashion and Textile Association (UKFT) marked the re-launch of its ‘Let’s Make It Here’ website at an event in London last night, held in association with DISC (Designer - Manufacturer Innovation Support Centre) and Creative Skillset.
According to a survey conducted by the China National Cotton Reservation Cooperation (CNCRC) between October 20 and November 1, suggests that cotton output during 2013/14 will fall 12.3%, to 6.68 million tonnes.
