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252021-02

Global textile machinery market expecting turnover boost

The latest survey from the International Textile Machinery Federation (ITMF) predicts positive market growth in the textile machinery sector, following a dismal 2020. Statistics published by the International Textile Machinery Federation (ITMF) revealed that the state of the textile machinery sector was improving in the latter part of 2020, with…

092021-02

CFDA, PVH identify six key areas of opportunity in fashion

The Council of Fashion Designers of America (CFDA) and PVH Corp. have identified six key areas of opportunity—awareness, access, promotion, advocacy, compensation and belonging—to provide a framework for firms to quantify their culture’s strengths and scope for improvement, provide insight into actionable steps and foster talent from underrepresented communities. The…

022021-02

7 independent directors to round up Ring Shine Textiles

The Bangladesh Securities and Exchange Commission (BSEC) recently appointed seven independent directors to Ring Shine Textiles for the restructuring of its higher management, including company secretary and chief financial officer, and resume production, which has halted at the company’s plant at the Dhaka Export Processing Zone in Savar from September…

262021-01

Full labour rights implementation by Dhaka key to EU GSP+

Experts in Bangladesh feel the country should fully implement labour rights and codes of international conventions to be eligible for the European Union generalised scheme of preferences (EU GSP) plus benefits. They have called for legislative, structural and administrative amendments to address the challenges related to labour standards. Major revisions…

212021-01

Upward thrust of Indian textile item prices in Dec: Ind-Ra

The prices of textile products in India continued their upward momentum in December 2020 due to a healthy domestic demand and sustained export growth, according to the December 2020 edition of the credit news digest on India’s textile sector published by India Ratings and Research (Ind-Ra). Exports of raw cotton…

122021-01

What does Brexit mean for EU-UK nonwovens trade?

Brexit agreement lays down detailed origin rules for EU-UK duty-free nonwovens trade. By Keith Nuthall. Detailed rules of origin have been approved within the new European Union-UK Brexit trade deal specifying what manufacturing processes should be applied to nonwovens products covered by the agreement’s duty-free provisions. A key benefit of…

062021-01

Vietnam’s garment-textile units see rising orders, issues

Many export-oriented garment units in Ho Chi Minh City recently said that in the fourth quarter of 2020, orders, especially from the US market, started increasing again. Though this is positive news, raw materials have become scarce because of a rise in their prices by a fifth, and costs have…

292020-12

Dhaka requests New Delhi to reconsider ADD on jute

Bangladesh recently requested India to reconsider anti-dumping and anti-circumvention duties imposed on jute and jute cloth imports from the country, saying New Delhi should inform before imposing an export ban or restrictions on essential commodities. “Such detrimental measures dampened confidence of business and affected trade,” said Bangladesh commerce minister Tipu…

232020-12

Deckers Brands posts Q2 FY21 revenue of $624 mn

Deckers Brands, a designer and distributer of innovative footwear and apparel, posted 15.0 per cent increase in its revenue to $623.5 million during the second quarter (Q2) FY21 that ended on September 30, 2020, compared to the revenue of $542.2 million in the same period last year. Net income during…

162020-12

Global cotton prices now exceed pre-pandemic levels: USDA

Global cotton prices, which had been trending up before the pandemic, retreated sharply from January to April, with the NY futures falling to a 10-year low. However, prices have rallied and now exceed pre-pandemic levels as mill use recovers and other factors support the recent strength, according to the United…

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