FW
Indorama Ventures Public Company (IVL), a global chemical producer, announced has entered into an agreement to acquire Invista Resins & Fibers GmbH, which owns a high value-added PET manufacturing facility located in Gersthofen, Germany. The Gersthofen site has a combined capacity of 282,000 tonnes/ annum, and employs approximately 140 employees .The transaction is expected to be completed in the 1st quarter 2019, subject to regulatory approvals.
Invista Gersthofen is a strong strategic fit for IVL and is aligned with their strategy to grow and support customer’s needs with differentiated solutions in both packaging and in industrial fibers. IVL will own the intellectual property rights of Polyshield® Pet and Oxyclear® Barrier PET, Invista’s barrier technology, in all markets globally. Polyshield® Pet and Oxyclear® Barrier PET brands are well-anchored in oxygen barrier packaging i.e. Ketchup. Together with IVL’s HVA polymer business in America’s, Gersthofen will open new opportunities in several new markets and attractive segments.
The central government expects the country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022. According to the textiles ministry, in the last four years, 8.58 lakh persons have been trained in partnership with 58 government and industry partners to meet the sector's need for a skilled workforce.
The ministry’s strategy to boost exports involves diversification of markets, positioning India in value chain and promoting collaborative exports. Towards this diversification, 12 markets in Vietnam, Indonesia, South Korea, Australia, Egypt, Turkey, Saudi Arabia, Russia, Brazil, Chile, Columbia and Peru have been identified. The ministry also plans to pursue strategic engagement with Bangladesh and Sri Lanka on the Fabric-Forward Policy.
India is seeking investment opportunities in Vietnam. India is one of the major material suppliers to Vietnam’s garment and textile sector but trade value between the two sides remains modest. The two sides have defined garment and textiles as a prioritised sector in bilateral ties.
For 2017-2018 fiscal year, India’s garments and textiles exports to Vietnam were up 42 per cent over the previous fiscal year. From April to August 2018, India’s earnings from selling garment and textile products to Vietnam were up 59 per cent over the same period a year earlier. Although trade of garment and textile between the two countries has enjoyed impressive growth in the past two years, the two sides have much potential to boost partnership in the area.
In the first 10 months of 2018, bilateral trade was up 47 per cent over the same period in 2017, bringing the countries closer to the target of 15 billion dollars in two-way trade in 2020. Under the free trade agreement between India and Asean, most cotton and woven cotton fabric and knitted fabrics imported from India will enjoy tax exemption from January 1, 2019, making India a competitive supplier of garment and textile materials and machines for Vietnam.
Online retailer Hail Women plans to launch its unique professional wear collection. Inspired by the European style to Wall Street fashion, the collection caters to conscious women who love to wear formal, smart, comfortable dresses. The collection is ideal for professions like law, business, and finance, which have a client interface, high importance is given to professionalism and employees are supposed to be well-dressed and well-groomed but still not look flashy
The international style corporate wear targets all women ranging from a company’s CEO to a fresher, corporate, students, working professions who prefer wearing formal clothes but have limited choice. The collection can be bought online through its website and includes semi-casual and formal dresses like tops, shirts, trousers, suits, etc.
A Spanish businesswoman has created a textile woven from the fibers of pineapple leaves. Carmen Hijosa is a clothes designer by trade and having abandoned leather on environmental grounds spent eight years developing her alternative textile, which she calls Pinatex. Pineapple fibers are very fine and strong and flexible. Pinatex looks like leather but doesn’t feel like leather. It’s its own material. When it gets wet it dries like leather and it behaves like leather in every way except it’s completely sustainable.
Hijosa founded the company Ananas Anam to market Piñatex. She works with pineapple farmers in the Philippines who harvest and strip the fibers, which are finished into Piñatex in Spain. To make one square meter of Piñatex takes 460 leaves - but there’s no shortage of raw material. Global pineapple production topped 25 million tons in 2016.
Since its commercial launch in 2015, Piñatex has been used by about 500 manufacturers, including vegan sneakers sold by fashion house Hugo Boss. The leather industry has its critics. Aside from the resources needed to raise cattle to slaughter, the industry uses chemicals with tannery waste containing large amounts of pollutants. So pineapples aren’t just good to eat. They can also be good to wear.
Bangladesh’s readymade garment supply chain still suffers from lack of shared responsibility on the part of global buyers. Very few factories, if at all, have received financial assistance from buyers instead they have seen reduced prices. The fundamental business model of the garment supply chain has not changed. Production remains an industry with high levels of opportunity for countries to connect to global value chains, but that has come at a price for workers.
However, transparency of buyers and working conditions in the country’s readymade garment factories have improved since the Rana Plaza building collapse in 2013. The inspection process continues to be problematic. Reasons include multiple inspections by multiple inspectors, miscommunications and unplanned inspections.
There is a stronger concern for worker safety and labor standards on the one hand and continued tensions between buyers’ demands for low production costs and speed on the other. Factories in shared or non-purpose built premises need to relocate. Firms in such premises which were not able to meet the new standards had to move and often ended up in more remote regions. Such factories have to bear the relocation costs and do not receive financial support from buyers, the government or their industry associations.
"The Fairyland for Fashion, the banner under which the twice-yearly Paris trade fairs held by Messe Frankfurt France at the Le Bourget exhibition centre are grouped, is dedicated to materials, clothing production and forward planning for textiles, clothing and accessories. The event comprising the upcoming Apparel Sourcing, Avantex, Leatherworld, Shawls& Scarves, Texworld and Texworld Denim Paris shows, will be held from February 11-14, 2019 in Paris Le Bourget."
The Fairyland for Fashion, the banner under which the twice-yearly Paris trade fairs held by Messe Frankfurt France at the Le Bourget exhibition centre are grouped, is dedicated to materials, clothing production and forward planning for textiles, clothing and accessories. The event comprising the upcoming Apparel Sourcing, Avantex, Leatherworld, Shawls& Scarves, Texworld and Texworld Denim Paris shows, will be held from February 11-14, 2019 in Paris Le Bourget.
An absolute must for anyone involved in designing collections of clothing and accessories, The Fairyland for Fashion will feature over 1,800 exhibitors, producers from every continent, who will on average meet over 14,000 principals. The event will include lectures, round-table discussions, catwalks and specific itineraries for fabrics.
Wide range of RMG on display
Apparel Sourcing Paris, the biggest trade fair in Europe for sourcing, comprises 600 clothing manufacturers from 17 countries. From basics to high-end, the fair covers the whole range of ready-to-wear for women, men and children, grouped by area of expertise in fashion clothing: knitwear, dressmaking, tailoring, sportswear, evening wear, made-to-measure, lingerie and swimwear, workwear, textile accessories, etc.
Dedicated to technological innovation, sustainable development
Avantex Paris is the first international trade fair dedicated to technological innovation and sustainable development in the
fashion industries. Featuring 38 exhibitors from 9 countries, the fair brings together companies, from the design phase through to retail, to offer effective solutions for encouraging and shaping tomorrow’s fashion. Far more than just an exhibition, it is a real network bringing together the brands, industries and research that share a similar determination to integrate fashion and technologies for the future and to explore the challenges and prospects for tomorrow’s markets in a series of highly regarded lectures.
Flexible materials in focus
Featuring 58 exhibitors from seven countries, Leatherworld Paris is dedicated to flexible materials used in particular in certain branches of fashion such as leather goods, footwear, gloves and fur items. A vast range of fashion articles and accessories made of leather, fur and related materials that attest to a wealth of technical skills. In this domain, the finished product is certainly not overshadowed and stands its own among the other offers at the trade show, which is now attracting a growing number of retailers, in addition to buyers of fabrics or manufactured products.
Featuring Shawls and Scarves
Shawls&Scarves Paris is the only international trade fair dedicated solely to scarves and shawls. It will feature headscarves, wraps, capes, ponchos, etc in materials like cashmere, wool, silk, cotton, linen, bamboo, etc, from entry level to very high end, both woven and knits. The fair will feature 33 exhibitors from 17 countries in September 2018.
The Fairyland for Fashion, the French agency for Messe Frankfurt France, was established in Paris in 1953. The Messe Frankfurt France subsidiary was founded in 2002 in order to acquire the Texworld trade fair. Since then, its portfolio has expanded with Apparel Sourcing Paris, Avantex Paris, Leatherworld Paris, Shawls&Scarves Paris and Texworld Denim Paris. The company is firmly rooted in the global fashion industry environment while actively promoting young design at the same time. Today, with twenty staff, a turnover of 26.2 million euros and 75 marketing agencies throughout the world, the company is in a position to organise every type of trade fair in France. In 2017, the company’s trade shows brought together around 3000 exhibitors from 21 countries and 30,000 visitors from 110 countries.
The nylon industry had enjoyed a particularly favorable situation over the past couple of years. All of that is about to change, however, as 2019 is expected to be a year of more volatility.
In terms of ADN (adiponitrile) availability, 2019 may be an even tougher year than 2018. Shortage of ADN has been aggravated by several major technical and environmental forces. Understanding how the supply and demand for ADN will develop in 2019 and beyond is essential for those who both directly and indirectly depend on this essential material.
The caprolactam (used to make PA 6 EP, filament and fiber) market is becoming increasingly regional, which has a significant impact on prices and margins. This market is also heavily dependent on the cost of production directly related to the price of benzene. As a result, a combination of understanding and forecasting the cost of raw materials, including benzene, and the supply/demand balance of caprolactam and PA 6 will remain a priority for 2019.
The significant increase in polymer prices has dramatically changed the criteria for choosing materials for industrial, textile fiber applications and engineering plastics. The intensity of winter in China and the policy update to include a temporary closure of production units have both had an immediate impact on the availability and prices of cyclohexanone, adipic and caprolactam.
Indonesia’s exports of textile and textile products were up six per cent in 2017 compared to 2016. Indonesia is set to become one of the top five textile and textile product producers in the world by 2030. The textile sector is improving its efficiency and product quality. Being highly integrated from upstream to downstream, this sector is competitive and is supported by a large amount of human resources for its production activities.
Being both an export-oriented and labor-intensive sector, the textile industry has thus far contributed significantly to Indonesia’s economic growth. The textile industry grew 3.45 per cent last year, having nearly doubled from 2016. This year’s growth target is between four per cent and six per cent. In raw materials, the industry uses 51 per cent synthetic fiber, such as polyester and nylon, 37 per cent cotton fiber, and 12 per cent rayon.
But the industry still faces several obstacles in reaching full competitive potential, as nearly all cotton is imported. In contrast, 80 per cent of synthetic fiber and 85 per cent of rayon is domestically produced, with these numbers expected to increase further. The aim is to increase the sector’s share in Indonesia’s total exports to 1.6 per cent.
India’s textile and apparel exports grew by 14 per cent in November. Textile exports jumped nine per cent and apparel exports jumped 21 per cent. For the period between April and November, textile and apparel exports grew by seven per cent.
The old duty drawback rate which was very attractive came to an end in September 2017. Because of this attractive scheme, Indian exporters advanced their delivery schedules to avail of the duty drawback scheme. Consequently, textile and apparel exports skyrocketed in September 2017. Exports one year later in September 2018 declined sharply. From that level, however, exports are normalizing which is believed to continue in future as well to end the current financial year flat.
Indian’s textile and apparel exports are destined for all countries including China. The recovery in the US economy has given a boost to India’s textile and apparel exports. Since the US economy is on a continuous growth path, India’s textile and apparel export growth is expected to continue.
India registered a growth of 5.37 per cent in textile and apparel exports in 2017. India’s share in world trade in textile and clothing is estimated to be 4.95 per cent. With these exports, India is ranked second among suppliers in the world.
