MARKET & ECONOMY
According to US Census Bureau, exports from Cambodia to the US were $6.6 billion in 2020, which was 22.79% higher than that of last year. Q1 of this year saw total exports of $1.86 billion even amid stoppages.
Prato, a Chinese community, located 11 miles north of Florence, has been the victim of coronavirus. Since the virus hit the community last year, it is believed that around 2,500 people, or 10% of the community has left.
With a spike in the number of COVID-19 cases, Karur textile manufacturers and exporters association has announced a complete shutdown of the manufacturing units starting May19.
Valmet will supply drying technology to Spinnova and Suzano’s textile fibre factory in Finland. The facility produces SPINNOVA fibre which creates 0% waste or side streams, 0% microplastics and has minimal CO2 emissions and water use.
The second wave of COVID-19 in India has adversely affected the textile sector in Tamil Nadu, especially when the export demand was high. Further, the textile hubs of Tiruppur and Coimbatore are worst affected.
ANDRITZ has received an order from Pratrivero for a new excelle batt forming line to boost their production supplies in Italy. This line includes an excelle card and crosslapper
ICIL will increase bed linen capacity by 20%, enhance capacity for Top of the Bed (TOB) products, and modernise its spinning units with compact spinning technology.
As per the data obtained from the MIIT, China’s textile industry has recorded good growth during the first quarter of 2021. The industry’s revenue increased by 20.3% this year.
Many states in India are experiencing total lockdown due to which the garment export sector is badly affected. The sector has recorded a loss of around $15 billion during the second wave of the coronavirus pandemic.