The latest statistics show a gloomy period for South America´s fabric manufacturing industry in the third quarter of 2014 with production falling by 11.4 per cent compared to the previous year.
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Groz-Beckert and Bekaert signed an agreement regarding the acquisition of Bekaert´s Carding Solutions activities by Groz-Beckert. The division has around 350 employees. Owing to the acquisition Groz-Beckert expands his existing service programme for card clothing by a corresponding product portfolio.
In January 2015, China´s export of textiles and garment dropped 10.71 per cent year-on-year to US$ 25.54 billion. The export of textiles dropped 7.7 per cent to near US$ 9.72 billion, and the export of garment dropped 12.5 per cent to about US$ 15.83 billion.
In January 2015, Claudia Wagner has been appointed Head of Operations / COO at SSM Schärer Schweiter Mettler AG in Horgen. She is in charge for SSM´s global production and supply network.
Better Cotton Initiative (BCI ) has signed an agreement to be a ´Supporting Organisation´ of ITMA 2015. ´We are delighted to engage with ITMA, and bring the message of Better Cotton to a wider industry audience this November,´ said Ruchira Joshi, Demand Programme Director.
EURATEX, the European apparel and textile confederation, has recently signed an MoU with ACIMIT and VDMA, the associations respectively representing Italian and German textile machinery manufacturers.
At the end of 2014-15, world ending stocks of cotton are projected up 11 per cent to nearly 22 mt. After increasing substantially in each of the three previous seasons, China´s ending stocks are expected to remain stable reaching just over 12 mt in 2014-15, and would account for 56 per cent of total world stocks.