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Reduction in MMF duties would help Indian textile industry develop
India’s textile industry, while a significant global player, continues to struggle in a stop start way, never quite steaming ahead. As the world’s largest cotton producer (est 6.7 million tonnes for 2014/15 season compared with 6.22 million tonnes for China) – India’s textile industry has, in common with China, the advantage of producing one of its key raw materials.
Wool Market Report - 9th February 2015
A comprehensive weekly round-up and analysis of price developments at the major wool auctions around the world.
News9 Feb 2015Indian cotton prices up
Indian cotton values picked up last week, with the Gujarat Shankar-6 trading at Rs 30,650 on February 6, up from Rs 30,450 the previous week.
Insight9 Feb 2015Small, lower-quality offering subdues SA wool market
The wool market was slightly softer at the sale on February 4, with the Cape Wools Merino Indicator shedding 0.1% on last week to close the day at R109.62 per kilo clean. This is 1.8% lower compared to the opening sale and 9.2% below the corresponding sale of last year.
Insight9 Feb 2015Buying interest high at NZ wool market
Strong buying interest for quick shipment underpinned the wool market on Thursday, February 5, for the 13,789 bales on offer from both Islands.
Insight9 Feb 2015Aussie wool market skyrockets to new season high
The Australian wool market had a very strong week this week, with the Australian Wool Exchange’s (AWEX) Eastern Market Indicator (EMI) climbing 31 cents to close the week on a new season high so far of 1,101 cents per kilo clean on Thursday, February 5. In US terms, the EMI saw a rise for the first time since January 15, coming up 12 US cents to close at 856 cents per kilo.
News9 Feb 2015Gore to launch fabrics e-learning platform
W.L. Gore & Associates is set to present a new function on the Gore Business Portal: the Gore Fabrics Academy. The new e-learning platform offers retailers, buyers, floor staff and retail employees with courses about Gore products and services. It is available in 12 languages and will be launched at ISPO 2015.
News8 Feb 2015Cotton futures climb again as upturn continues
New York cotton futures continued their dramatic recent upturn last week. The benchmark front-month March cotton contract on ICE US climbed to 61.59 cents per Ib on February 6, up 2.23 cents, or 3.76%, on the previous weekend.
News8 Feb 2015Pakistan cotton prices up 5%
Pakistan cotton values lifted strongly last week, with the official Karachi Cotton Association (KCA) spot rate climbing from Rs 4,600 per maund on Friday January 30, to Rs 4,850 a maund on Friday February 6, a rise of 5.43%.
News8 Feb 2015China’s textile investments fall for third successive month
Data from the China National Bureau of Statistics indicates that fixed asset investments by the textile industry dropped by 1.66% in December, to 47.30 billion yuan, extending a contraction to the third consecutive month.
News8 Feb 2015Nylon production in China up 11% in 2014
According to the China National Bureau of Statistics, polyamide production in December amounted to 241,000 tonnes, up 3.88% on the previous month and 3.43% higher than the same month in 2013.
News8 Feb 2015Investment in China’s garment sector continues to grow strongly
According to the China National Bureau of Statistics, fixed asset investment in the garment sector in December 2014 reached 36.36 billion yuan, up 4.26% on the previous month and 27.09% higher than the same month in 2013.
News8 Feb 2015Chinese fabric production marginally up in 2014
According to the China National Bureau of Statistics, fabric production in December 2014 reached 6.3 billion metres, down 1.41% on November, and a drop of 5.30% on the same month in 2013.
News8 Feb 2015Slight drop in Chinese acrylic production in 2014
According to the China National Bureau of Statistics, acrylic production in December reached 57,000 tonnes, down 1.72% on the previous month, and a drop of 6.56% on the same month last year.
News8 Feb 2015China’s acrylic imports down 25% in 2014
Imports of acrylic fibre into China in December 2014 dropped 12.73% on the previous month, to 11,359 tonnes, a contraction of 35.09% compared with the same month in 2013.
Italian machinery orders fall 4% in Q4
Although Italy has been making headway with international exports over the last year, it has experienced a check in exports in recent months. However, domestic sales, which has been languishing, have experienced something of an upturn. As one of Europe’s largest textile manufacturers, Italy’s domestic machinery sales remain important but it is also vital than it keeps pushing forward to increase its overseas markets.
News6 Feb 2015Lectra and Johnson Controls extend partnership another 3 years
Lectra, technology manufacturer for fabrics, leather, technical textiles and composite materials, has extended its global partnership with Johnson Controls for another three years. Johnson Controls will acquire all of its high ply fabric cutting equipment and related services exclusively from Lectra.
News6 Feb 2015Chicopee launches cleaning towel for coffee machines
Chicopee, a manufacturer of cleaning wipes, has launched a cleaning towel specifically designed for professional coffee machines. The Chicopee Coffee Towel has heat-resistant properties and superior cleaning capabilities, which allow baristas to clean machines thoroughly in seconds without risk to their own safety and comfort.
TAL to exhibit super absorbent technology at FILTECH
Technical Absorbents Limited (TAL) is exhibiting its Super Absorbent Fibre (SAF) technology at FILTECH 2015. Taking place between 24-26 February at the new venue of Koelnmesse in Cologne, Germany, the expo is the largest filtration event worldwide for designing, improving, purchasing, selling or researching filtration and separation equipment and services.
News6 Feb 2015Curtis Wool adds wool merchants to the flock
The Curtis Wool Direct Group has acquired Irish wool merchants, Laurence Pierce (Wool Merchants) Ltd. The company, based in Rathdrum, County Wicklow, Ireland, handles around 4 million kilos of wool each year and the figure is expected to rise with this new investment.
NCWSBA Australian Wool Market Report
Weekly analysis of the Australian Wool Market by Chris Wilcox, Executive Director of the National Council of Wool Selling Brokers of Australia.
News6 Feb 2015Yoga fabric made from recycled yarns
Fisher Textiles has introduced a dye-sub printable performance fabric made from recycled fibres. ET 3000 Yoga is made with REPREVE yarns, produced from recycled plastic bottles.
InPrint 2016 heads to Milan
FM Brooks have announced that InPrint 2016 will take place at MiCo, Milan, Italy, from 9-11, November 2016. FM Brooks said that its decision to launch an InPrint Show in Milan is in direct response to demand from the market for a dedicated forum for industrial print technology in Italy.
Profile6 Feb 2015Circular survivor
The Tompkins USA family company is one of the oldest US manufacturers of circular knitting machinery and equipment. It was established in 1846 as the Empire Machine Co by Clark Tompkins. The name then became Tompkins Brothers and the company moved to Syracuse, New York, in 1914. It continues to occupy the same facility the company built in 1919, which was expanded to 33,000sq ft with a major addition in 1980.
