Explore ideas, evidence and developments across the textile value chain.
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News1 Nov 2013The chairman of the Indonesian Textile Association (API or Asosiasi Pertekstilan Indonesia) has told WTiN.com that it is anticipating steady growth in exports of Indonesian textiles and garments over the next few years. Expansion in Japan, the Middle East and other Association of Southeast Asian Nations (ASEAN) markets would prove increasingly important, he predicted.
As is often the case during a significant downturn in prices, suddenly every new market development is viewed in a bearish light. Undeniably, the weight of cotton available to the market is growing as harvesting gathers pace in the Northern Hemisphere. Moreover, the lifespan of the nearby premium in the market seems now to be increasingly limited, with the ability of traders to sell and ship cotton to China against the 2013 import quota deadline diminishing.
News1 Nov 2013Weakness in international cotton prices has persisted during the past week, reflecting further declines in New York futures. The downward momentum in that market has been unremitting since the spot month broke through resistance levels at around 82.00 US cents per lb on October 23.
News1 Nov 2013DyStar has acquired Lenmar Chemical Corporation of Dalton, Georgia, a company with over 30 years experience in producing manufactured speciality chemical products to service the textile and carpet, fibre processing, laminate floor, water treatment, oil and agriculture industries.
A New Zealand start-up company has attracted almost $1m of investment commitments to date during a capital-raising round. The investment includes funds from individuals holding senior roles in leading Australian medical technology companies, said Footfalls and Heartbeats managing director Brent Ogilvie.
News31 Oct 2013DSM, the global Life Sciences and Materials Sciences company, which has joined the LIPA (Lightweight Integrated Process Application )-Team, set up to develop an industrial process for the manufacture of endless-fibre-reinforced advanced thermoplastic composite parts.
News31 Oct 2013Kanoria Chemicals & Industries Limited (KCI) has signed a non-binding Memorandum of Understanding (MoU) with Momentive Specialty Chemicals to form a Joint Venture (JV) to manufacture and sell speciality phenolic resins, Formaldehyde and Hexamine - common precursors to more complex compounds and materials.
News31 Oct 2013A combination of a shortfall of wool coming to market this season versus last, a sustained export demand, and a weakening in the local currency’s standing against the US dollar helped sustain the upward trend in auction prices.
Review31 Oct 2013The technical textiles and nonwovens sector gathered in Mumbai earlier this month for the fourth edition of Techtextil India, comprising a three-day exhibition and accompanying symposium. According to the latest figures from event organiser Messe Frankfurt India, exhibitor numbers increased by 40% to 180 compared to the last event, and 5,575 visitors attended the show.
Prices seem for the moment relatively well supported at close to current levels by the steady but sustained pace of buying from China. Unseasonably wet weather in some wool growing regions, along with good crops in Western Australia, which have boosted farmer incomes and deferred wool selling pressure, has delayed the usual spring flush in weekly offerings.
News31 Oct 2013The volume of purchasing by Chinese processors and mills this week was again just about sufficient to support Australian wool prices at close to maintained levels. Offers of Type 55 (21 micron) into that market were today pitched at around US$11.60 per kilo, clean, CIF (90 days Letter of Credit), reflecting replacement costs at origin.
