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Uzbek to add value through textile technology investment
Already a strong producer of raw cotton and yarns, Uzbekistan is now ready to take its textile manufacturing capabilities to the next stage, by investing in latest-technology for downstream processes of fabric manufacture, finishing and making-up.
Rieter's order intake grows by 16%
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing.
The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.
Uzbek textile exports touch $1 bn
Uzbekistan produces around 1.4 million tonnes of cotton fibre annually, of which about 60 per cent is consumed domestically.
Italian textile technology at CAITME 2017
At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan from September 13 to September 15, 2017, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.
EU may sign textile pact with Uzbekistan
The European Union is likely to clinch a textile protocol with Uzbekistan only if it is satisfied Uzbekistan has made progress in scaling back the use of child labour. The EU wants the practice of forced labour and child labour to be eradicated from the national to the local levels.
Sustainability agenda drives attendance at ITMA 2015
The global textile and garment manufacturing industry converged at ITMA 2015 in Milan to source innovative solutions to enhance their business sustainability. Their commitment to sustainability is evident from the strong industry turnout. At the end of eight days, the 17th edition of the world’s most established textile and garment technology exhibition attracted visitorship of almost 1,23,000 from 147 economies.
Cotton prices stable; haze over China's policy
The USDA's latest report featured an increase to global figures for 2014/15 beginning stocks (+336,000 bales, to 100.3 million) and production (+376,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).