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Wool Market Report - 24th March 2014
A comprehensive weekly round-up and analysis of price developments at the major wool auctions around the world.
Bayer expands production for coating raw materials in China
Bayer MaterialScience is increasing its production capacities in the Asia/Pacific region to meet the continued growth in demand there for raw materials for coatings and adhesives. The company has broken ground today for a new plant for the production of precursor hexamethylene diisocyanate (HDI), which will have an annual capacity of 50,000 metric tons and is expected to be complete in 2016.
Shima to hold private exhibition in Italy
Shima Seiki Italia S p A, Italian subsidiary of Japanese computerised knitting machine manufacturer Shima Seiki Mfg Ltd is to hold a private exhibition at its headquarters in Segrate, Milano later this month.
China Textile Forum looks at industry future
The Ninth Annual Conference of China Textile Round Table Forum, co-sponsored by Oerlikon Manmade Fibers, was held recently at the Beijing Kunlun Hotel in China.
Profile21 Mar 2014Ethical manufacturing of performance apparel in Colombia
Ethical manufacturing in the textiles industry is sadly still far from the norm and in the performance outdoor apparel segment, the focus on innovative fibres, functional finishes and enhanced design features can sometimes mean that the people that actually make the clothes are overlooked.
News21 Mar 2014Increased pessimism evident on China’s viscose market
An increasingly pessimistic business tone is emerging on China’s viscose market, as trading activity has continued to fall short of expectations.
ISO standard ‘needs focus on eco-efficiency’
A survey of the environmental-management-system standard ISO 14001, covering its future content and current benefits, suggested that the next version should have a clearer focus on preventing pollution, eco-efficiency and lifecycle, according to the International Organization for Standardization (ISO).
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.
Event to discuss future of fibre and textile industry in Europe
The challenges and opportunities facing the textile and fibre industry in Europe will be the focus of this year’s EATP/CIFRS Executive Seminar, which will be held in Brussels, Belgium, on May 20.
News21 Mar 2014Nike revenues rise 13% in Q3
Nike saw revenues rise 13% to $7bn in Q3, up 14% on a currency neutral basis. Revenues for the Nike brand were $6.6bn, up 14% on a currency neutral basis, powered by growth in every geography and key category, according to the company.
Gap ‘one of world’s most ethical companies’
US retailer Gap is recognised for its corporate social responsibility.
Shima to exhibit at ITM Texpo Eurasia
Japanese flat knitting technology manufacturer, Shima Seiki is to exhibit at ITM Texpo Eurasia 2014 in Istanbul, Turkey. Turkey’s knitting industry is rapidly gaining recognition as a provider of high quality and quick response for the European fashion market.
News21 Mar 2014European Outdoor Group appoints CSR manager
Pamela Ravasio named CSR and sustainability manager at the European Outdoor Group.
Chittagong textile exhibition begins
The three-day Chittagong Apparel, Fabrics and Accessories Exposition 2014 is taking place at MA Aziz Stadium in the port city in Bangladesh from 20-22 March.
News21 Mar 2014Lenzing hit by weak fibre sale prices
Redundancies expected as Lenzing postpones construction of viscose fibre facility in India.
Visteon sells stake in Korean automotive interiors JV
Global automotive supplier Visteon Corporation has signed an agreement to sell its 50% stake in Korean automotive interiors joint venture Duckyang Industry, as part of its intentions to divest its interiors business.
CINTE Techtextil to feature innovation in sixth high-growth technical textiles segments
CINTE Techtextil will present six high-growth segments of the technical textiles and nonwovens industry in China as the focus of the Innovation Showcase Area in Shanghai in September.
News20 Mar 2014Brisk demand sustained for baby alpaca tops
Mill offtake of baby alpaca tops (22/23 micron) was again brisk during the past week, according to The Schneider Group, influencing a further upward adjustment in their FOB quotations. Unsold stocks of those qualities are said to be virtually exhausted, both at origin in Peru and in European warehouses. The lack of available baby alpaca supply continued to influence a shift in demand towards superfine types (26 micron), stocks of which are also becoming thin. Superfine prices are expected to rule firm in the near term. The 2013/14 clip has drawn to a close and the market will have to wait until the end of the year for fresh supplies to become available.
News20 Mar 2014Polyester prices in China show signs of stabilising
Quotations for polyester filament yarn again ruled unchanged today. Values for two key products, FDY 50D/24F and FDY 50D/48F, have held at 11,000 yuan and 11,100 yuan per tonne, respectively, a price in force since last weekend.
Profile20 Mar 2014REVIEW: Intertextile Shanghai Apparel Fabrics Spring Edition
Shanghai in the springtime. Charlotte Rogers reports for the first spring session of Intertextile Apparel Fabrics to take place in Shanghai.
Textile Institute World Conference call for papers
The Textile Institute is inviting submissions of original papers for its World Conference in November.
News20 Mar 2014Erosion of Australian wool prices continues unabated
The factors shaping trading patterns remained unchanged this week. Although some brokers continued to flag up supply concerns, indicating that yields per head of sheep are down on previous expectations, the dominant influence on price was again the restricted nature of demand from China. Processors and mills in that country reported very sluggish sales for the domestic wool textile and clothing market, with export business to Europe (involving primarily the finer end of the quality spectrum) proving slightly more active. The foregoing may explain the tendency of finer wool values to fare relatively well in recent week compared with mid-micron styles, despite the supply of the former category being more abundant.