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A compact cotton yarn manufacturing company will be set up on 40 bighas of land in Habiganj, Bangladesh in the next one and a half years. The new venture, Far East Spinning Industries, will be the first company that will completely manufacture compact yarn. It will have 25,000 spindles with a production capacity of 14 tonnes of high quality yarn per day.
Compact yarn is a value-added product that reduces dyeing, finishing and processing costs for manufacturing finished readymade garments. Time and use of water for dyeing of compact yarn will also be much lower, which, in turn, will reduce production costs. Value addition in the finished product will also be higher.
Construction work will start in January, while the state-of-the-art machinery from Germany will come in November 2015. Commercial production is expected to start in June 2016. The products will be sold in both domestic and foreign markets. A green project it will use solar energy and rain water.
Right now there are many yarn manufacturers in Bangladesh but they produce compact yarn on a limited scale. They utilise around 10 per cent of their capacity for manufacturing compact yarn.
The Indian Cotton Textile Show took place in Dubai on November 16 and 17, 2014. This was meant to serve as a platform to bring together textile buyers and sellers. Buyer turnout from the UAE constituted nearly 41.9 per cent in cotton textiles, 33.8 per cent in cotton fabrics, 10 per cent in cotton made-ups, and eight per cent in cotton yarns.
The event focused on one to one prefixed meetings and showcased India's finest cotton products. UAE is an upcoming market for India in terms of textile and textile products. The Indian consulate in Dubai will support Indian trade and exhibition in conducting many such industry-specific events in 2015.
The event was organised by the Cotton Textile Export Promotion Council. Texprocil has been the international face of cotton textiles from India, facilitating exports worldwide. It has a membership base of about 3,500 companies spread across major textile clusters in India. These are well established manufacturers and exporters of cotton textile products like cotton yarn, fabrics and home textiles.
Due to good economic environment and fair trade practices the Gulf countries are becoming the world’s leading textile manufacturing and trading centers. By 2016, the UAE is expected to be the world’s leading high end textile and garment re-export center.
South Korea and China have signed a bilateral free trade agreement. South Korea feels this would boost the country's clothing exports if China opens its clothing market at zero duty. China is South Korea's biggest export market, accounting for 26 per cent of its exports and around 11 per cent of GDP. Given that scale, an acceleration in export growth to China could deliver a large boost to South Korea's economy.
But in case Korea offers zero duty to Chinese apparel, the impact would not be very significant since an existing Korea-Asean free trade agreement already grants zero duties to apparel imports from Southeast Asia. Chinese import duties for South Korean apparel currently average 15.9 per cent.
The agreement should be effective in 2015. It will remove or reduce barriers of trade and investment between the two countries. The pact, which had been negotiated for more than two years, covers 17 areas including online commerce and government purchasing. China is the world's largest exporter and South Korea is ranked seventh.
While South Korea is expected to benefit the most from the deal, tariff reductions will only be in phases, with some tariffs on exports set to be lifted only in 20 years’ time. So prospects for Korea's exports will depend far more heavily on the performance of its main trading partners.
Garment manufacturers in Bangladesh used to buy fabrics and yarn from domestic suppliers. But now they are increasingly sourcing their raw materials from abroad. The reason: prices of domestic fabrics have gone up. As a result, production capacity of local textile mills remain unutilized.
Readymade garment units have been increasingly turning to other destinations, such as China and India, for sourcing. After the declaration of one-step GSP (generalised system of preferences) by the European Union, local readymade garment owners got the right to purchase cotton and cloth from any destination at competitive prices. Mills in Bangladesh which increased their production capacity following tremendous export growth in the financial year 2010-11 are the worst victims of the present situation.
Relaxation of rules of origin by the EU and low pressure of gas and electricity and some other bottlenecks have pushed up production cost of local fabrics and put the local millers in an uncertain situation. A considerable number of small and medium textile mills are facing the threat of closure.
Bangladesh achieved over 40 per cent export growth in the readymade garment sector in 2010-11 but due to global economic meltdown and the euro zone crisis, the sector could not maintain continuity and made only a marginal growth.
The Interfiliѐre New York fabric show took place on September 23. The event was hosted by Eurovet and Invista. The show was packed with fabric collections from around the world and valuable strategic information designed to service the North American market. The offerings presented a geographically balanced cross section of the best mills in Europe, Asia and America. New this year was the presence of manufacturers from North and South America servicing the local intimate apparel, swim wear and active wear market. There were large multi store retailers as well as upcoming designer brands.
Production managers, merchandisers and designers used the chance to initiate technical discussions and revisit sourcing techniques. Exhibitors were able to meet numerous new brands. The audience was challenged to rethink how brands market their lines, how they have to embrace product innovation for the customer who buys only in season and on the spur of the moment.
The show is a local event for companies that cannot send large production and design teams to Interfilière in Paris. Designers, fabric experts, research and development experts sat down with mills and manufacturers of accessories and print designers to discuss and prepare their next collections.
Eurovet is a leading trade show organizer for lingerie and swim wear.
www.interfiliere.com/
The inaugural edition of International Textile Fair (ITF), which closed at the Dubai World Trade Centre on November 4, received buoyant response from local and international exhibitors. Almost 90 per cent of them showed keenness to return to be a part of the second edition that will be held on April 26 and 27, 2015.
The maiden ITF saw a brisk turnout of serious trade visitors on both the days, and exhibitors were able to close a number of deals and those who networked eyeing long-term business association were a satisfied lot. Among the major exhibitors that recorded strong response were Maritex, specializing in prints, lace and net fabrics, Shree Laxmi Lifestyle known for fancy embroidered fashion fabrics, Josef Otten, known for fashion designs and high-quality women's wear fabrics and Global Trading specialising in textile machinery and embroidery machines.
The exhibition saw textile buyers, distributors and designers from the Gulf region, as 99 companies from around the globe showcased new trends in fashion, fabrics and clothing. Exhibitors mainly came from Europe, India, China, Indonesia, Mongolia, Japan, Korea, Turkey, Italy, France, Spain, Pakistan, Mongolia, Taiwan and Hong Kong. The highlights of the shows were the Spring/Summer 2015 pre-collection and Autumn/Winter collection of trendy fabrics. Exhibitor categories included a wide range of cotton, shirting, jersey, silk, outerwear, rainwear, coated fabric, printed, wool, worsteds, linens, tweed, fancies, flannel, synthetics and technical fabrics.
www.internationaltextilefair.com
Fashion designers, brands and suppliers including Stella McCartney, G-Star Raw, Bionic Yarn, Loomstate and Saitex have joined hands for a new sustainability initiative. It is aimed at helping businesses improve the way clothes are made and spurring the creation of more eco-friendly materials. The Fashion Positive program has been created by the Cradle to Cradle products innovation institute and will be guided by its Cradle to Cradle certified scheme, which assists designers and manufacturers in addressing issues such as harmful chemicals, water pollution and labor practices.
The program will help fashion businesses look at five categories of sustainability: material health, material reuse, renewable energy, water stewardship and social fairness. And its ultimate goal is to provide a platform to accelerate innovation in high-quality materials, products and processes, creating the next generation of fashion building blocks - and the preferred suppliers of those materials.
Fashion Positive will create a resource library that will index inventive fabrics, dyes, trims and threads that meet the Cradle to Cradle certified product standard, making it easier for fashion brands and designers to source certified materials. These brands and designers will also utilise the Fashion Positive innovation fund, which has been set up to identify and invest in key suppliers who will create new materials, products and quality practices for the fashion industry.
www.fashionpositive.org/
The European Confederation of Linen and Hemp was held in Budapest from November 5 to 7, 2014. It has grown since its debut in 2012. The event welcomed a significant contingent of Chinese, Japanese and Indian players. There were more than 250 international professionals, from farmers to spinners and weavers.
The event came at the end of a complex period for the sector. Linen fiber, 80 per cent of which is produced in France, Belgium and the Netherlands, saw prices collapse in 2012 as a result of higher volumes of production than in the past. At this year’s Congress, linen producers particularly expressed their desire to control production in order to maintain their income. At the same time, their Chinese and Indian customers called for an increase in production to meet growing demand.
The conference welcomed several industry honchos. It hosted professionals from the Japanese linen promotional organization Asabo, representatives of the Chinese federation CBLFTA and a delegation from the Indian industry. The European Confederation of Linen and Hemp was created in 1951. It represents 10,000 European companies and oversees the fiber’s development from plant to finished product. It works for the promotion of European industry in the areas of fashion and lifestyle. It helps members move towards the future to discover new technical opportunities such as eco construction and high-performing composite products.
europeanlinenandhempcommunity.eu/
Taiwan textile fair will be held in New Delhi from November 18 to 19; in Bangalore from November 21 to 22; and Sri Lanka November 24 to 25. Renowned companies from Taiwan will showcase a wide range of cutting-edge high performance, trendy and contemporary products to South Asian buyers at this platform. There will be a wide variety of innovative offerings from leading Taiwanese manufacturers of textile and clothing accessories.
The textile and apparel industry in India and Sri Lanka is one of the largest contributors to exports. Exports from India increased by 8.10 per cent for 2012-13 whereas Sri Lanka’s export growth continued at 5 per cent. The annual event caters to textile and garment manufacturers, importers, exporters, buyers, merchandisers and retailers across India and Sri Lanka for their sourcing requirements.
The fairs will showcase a wide variety of products ranging from textured yarns, recycled polyester yarns and fabrics, woven fabrics, knitted fabrics, functional fabrics, outdoor and sports fabrics, labels, badges, ribbons etc. Importers in these countries will get an opportunity to interact with Taiwanese manufacturers to source superior fabrics and textile auxiliaries that will add more value to their product.
Taiwan textile fairs in South Asia are organized by the Taiwan Textile Federation and the Bureau of Foreign Trade.
Pakistan is likely to have a new textile policy by end of November. The salient features include support to small and medium enterprises in the textile sector, initiatives for growing better cotton, long-term financing and duty drawback of local taxes and levies.
Small and medium enterprises which usually work on value addition will get financing. A business-to-business portal may be launched for them soon. These enterprises will also get to open electronic letters of credit. New technology will be introduced in the weaving and spinning sectors. A fiber development centre will be opened.
The government is working on introducing new generation of BT cotton seeds in Pakistan to increase yields. World BT cotton seeds developers may be allowed to sell moderate seeds in Pakistan. At present, farmers are producing 1,000 to 1,300 kg of cotton per acre, which is very much low as compared to Australia and the US.
The Pakistan Cotton Standard Institute has been restructured to enable it to play an important role in improving quality and reducing contamination levels of cotton. The Trading Corporation of Pakistan has been intervening in the market and procuring cotton bales directly from ginners. It is felt such a step would reap profits for ginners but not for growers. It’s feared it will create distortions in the market and render the downstream industries uncompetitive and cause losses to the government.
