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Profile21 Feb 2014New York meets Scottish cashmere
New York is the location of Todd & Duncan’s first boutique, a showcase for the new ready-to-wear collection. This is NYC style via Loch Leven.
Profile21 Feb 2014BASF introduces eco-friendly resin finish
Fixapret Resin – the Wholistic Future Finishing (WFF), an industry first resin finishing system which embraces consumer safety and ecology, has been launched by BASF.
Review21 Feb 2014Brückner to exhibit thermo-fusion oven
Brückner is exhibiting a newly designed thermo-fusion oven at Index. The oven works with almost no energy losses by optimising exhaust air flow and by more effective use of the thermal energy of exhaust air.
News21 Feb 2014Alexa Chung joins Woolmark Prize panel
UK model Alexa Chung takes part in the judging for the International Woolmark Prize.
News21 Feb 2014BASF to increase polyamide prices
BASF, the chemical company, is to increase the prices for all polyamide 6 base polymer grades and the polyamide Intermediates caprolactam and adipic acid in Europe by €110 per metric ton for each product, with immediate effect or as soon as existing contracts allow.
News21 Feb 2014Radici Fil SpA production site ISO certified
Radici Fil SpA, a leader in the manufacture of PA6 and PA6.6 BCF yarn for the contract, residential, automotive and upholstery sectors, has been awarded UNI EN ISO 14001:2004 certification for its environmental management systems at its production site.
News21 Feb 2014INEOS and Sinopec enter Phenol JV
INEOS Phenol and Sinopec Yangzi Petrochemical Company have signed a joint venture agreement to build the largest Phenol and Acetone plant in China.
Andrew Industries sells filtration businesses to Lydall
Andrew Industries Limited (Andrew) has sold its industrial filtration businesses to Lydall, Inc, a global provider of filtration and engineered materials products, for $83 million in cash.
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.
News20 Feb 2014IndustriALL cautiously optimistic following Cambodian discussions
Following discussions with the Cambodian Government about minimum wage reform, trade union legislation and 21 imprisoned garment workers, the IndustriALL Global Union is cautiously optimistic that change could occur to create a sustainable garment industry in Cambodia.
News20 Feb 2014Silk prices firm; trade quotations for mohair mixed
According to The Schneider Group, silk prices have continued to be adjusted higher this week. The desire to stimulate cash sales ahead of the Spring Festival in China prompted sellers of kibiso (the raw material for mulberry silk tops) to reduce prices modestly last month. However, FOB quotations have swiftly returned to a firmer footing in the aftermath of the holidays, reflecting the continued appreciation of the renminbi, along with additional hikes in wages in China, as firms struggle to attract workers back from the annual migration to their home towns.
Turkish tribulations
Last year was a good one for Turkey’s knitters, at least in knitwear export terms, with growth of ten per cent on 2012 and worth around $9bn. Investment in new technology was also strong in both high end flat and circular knitting machines. However, these figures don’t tell the whole story, with many Turkish knitters facing significant pressure on margins.
News20 Feb 2014Xerium breaks ground at Chinese press felt facility
Xerium Technologies, a provider of industrial consumable products and services, has held a groundbreaking ceremony for its new state-of-the-art press felt manufacturing facility in Kunshan, Jiangsu Province, China.
Profile20 Feb 2014SGL continues ‘strategic’ realignment
SGL, the carbon company, has closed its Italian graphite electrodes plant in Narni, and the related administration office in Lainate, as part of its global realignment strategy and the SGL2015 cost savings programme.
WTiN Outlook: Australian wool prices
Auction values have fallen further than many expected during the year-end and Lunar New Year periods (prices typically rise in January) and the consensus view among traders appears to be that the downturn has extended beyond what is warranted, in view of prevailing supply and demand fundamentals.
News20 Feb 2014Downturn in Australian wool auction values continues
Exporters again reported slow trading during much of this week, with Chinese buyers largely remaining on the sidelines of the market. However, enquiries picked up after yesterday’s auction, with prices having declined to a level that persuaded some processors and mills to cover at least a portion of their foreseeable requirements. The need for traders to purchase against those fresh export sales helped auction prices to rebound from their lows today.
News20 Feb 2014New Zealand wool market lacks new direction
Auction prices ruled mixed this week, closing either side of unchanged for the different types of wool on offer at the two sales centres. Wool Services International’s Coarse Crossbred Indicator was marginally lower at 484 NZ cents per kilo, clean. Trading was typically lacklustre. Of the 15,334 bales to come under the hammer, only 76% sold.
News20 Feb 2014BASF to divest liquid masterbatch business
BASF is to divest its liquid masterbatch business in Clermont de l’Oise, France, to Audia International, a large global supplier of polyolefins and colour masterbatches, for an undisclosed fee.
News20 Feb 2014South African mohair prices higher at first sale of 2014
The first sale of the 2014 selling season was held on February 18, with 61,254 kilos available to purchase. The first sale of the season can sometimes produce mixed results. However, a weaker rand helped to stimulate export buying interest and prices rose. The average indicator was R132.13 per kilo, 11.7% higher than the final sale of the winter season and 35% up from the opening summer sale in 2013.
News20 Feb 2014Versace replies to Detox campaigners
Versace has stated that it complied with European Union legislation and regulation with regards to its textile production, despite the Greenpeace Detox campaign revealing that it had found traces of hazardous chemicals in the fashion house’s children’s clothing.
News20 Feb 2014South African wool market weaker as buyers baulk at paying elevated prices
Local wool prices continued to ease this week in slack trading. The Cape Wools Merino Indicator declined by 1% to R114.22 per kilo, clean. Traders report a growing resistance among export customers to prevailing price levels. The Cape Wools Indicator, despite declining from its peak, remains almost 12% higher than the beginning of the season.
News20 Feb 2014BGMEA calls for body to monitor foreign factory inspectors
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is calling for a monitoring body to give approval to foreign engineers who will work with Alliance and Accord to inspect factory buildings.
News20 Feb 2014Ingeo: The journey to becoming ‘just another plastic’
The fibres and nonwovens segment is one of the fastest growing markets for the Ingeo biopolymer, revealed Robert Green, global business leader for fibres and nonwovens at NatureWorks, at the company’s fourth Innovation Takes Root conference that was held in Orlando, Florida, this week.
Insight19 Feb 2014WTiN Outlook: Inter-fibre price competition; cotton still losing out
The accompanying chart plots global benchmark prices for a selection of textile fibres against their average value between 2000 and 2010 in an attempt to gauge their competitiveness, both against each other, as well as in comparison to their historical ‘norms’. Fibre prices in general have remained comfortably above their long-term averages during the past few months, as they have done since the beginning of the decade.