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Truth behind Pakistan’s 3 times rise in textile exports
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Four textile parks shut down in Vietnam due to Covid
The pandemic situation has adversely affected industries and workers in Vietnam. According to the reports, four industrial parks Van Trung, Quang Chau, Dinh Tram, and Song Khe – Noi Hoang have been shut down in Bac Giang.
Bangladesh’s RMG exports up due to crises in neighbours
Myanmar’s political instability, lockdown in Cambodia and a the COVID-19 situation in India has prompted international retailers and brands to divert work orders to Bangladesh. Export earnings hit $3.13 billion in April.
Bangladesh’s garment industry awaits safety accord renewals
After the infamous Rana Plaza collapse incident, the global apparel brands entered into safety agreements with local factories in Bangladesh. One of the accords expired in 2018 while the other one is expiring by the end of the month.
US buyers giving tough time to Vietnam textile firms
US companies are giving tough time to Vietnamese garment producers by not clearing their dues. For May Song Hong, dues outstanding with the American companies have risen by 19.5% in the first quarter.
Vietnam’s Q1 textile exports turnover seems to recover
The first four months of the current year have been profitable for Vietnam as there was an increase in the export of textile and garments. As per the Ministry of Industry and Trade, it has earned over $9.5 billion in Q1.
Nouryon to help Renewcell build textile recycling unit
Nouryon will provide specialty engineering and chemical solutions for Renewcell’s new recycling plant located in Sweden. This new plant aims to prevent millions of garments ending up in landfills every year.
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