Browsing: Industry Update

Most global brands doing business in Bangladesh have decided to stay put in the country. Serial attacks on the foreigners by the Islamist extremists have not deterred them from continuing business, and they have emphasised their willingness to buy products from Bangladesh?s garment sector.

For the second quarter of 2016 Thailand-based Indorama Ventures’ profit after tax and non-controlling interests rose 74 per cent year-on-year driven by margin recovery in the polyethylene terephthalate (PET) segment and contributions from additional feedstock volumes.

Cambodia’s export to the US is hitting snags, with the garment and footwear exports from Cambodia to the US falling by eight per cent during the first half of the year. Garments comprise the largest component of Cambodia’s export basket to the United States, the country’s biggest single country export market.

The Indian Government has imposed anti-dumping duty (ADD)—ranging between $0.180 and $0.194 per kg—on viscose staple fibre (VSF) imports from China. The Finance Ministry has announced levying of ADD ranging from $0.103 to $0.512 per kg on VSF imports from Indonesia.

Arvind Limited has announced its foray into premium worsted suiting with the launch of ‘Primante’ brand. To be sourced entirely from Milan, Italy, the Primante fabric will see a combination of Australian Merino wool and Italian design to conceptualised by Arvind for urban Indian customers.

After the grand success of the World Textile Conference 2011, the Textile Association of India (TAI) is organising the 2nd World Textile Conference (WTC-2) on September 16 and 17, 2016 at Hotel Sahara Star, Mumbai. The theme for this conference is: “World Textile: Growth & Great Opportunities”.

Huntsman Textile Effects has streamlined its Indian operations to strengthen sales and after-sales functions, analysis of industry and product trends, expand the business and further improve customer satisfaction.