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Tamil Nadu’s yarn manufacturers are making investments to go one notch up in fabrics and win better deals from Indian and foreign buyers. Nearly 25 mills have either installed knitting machines or moved towards complete garmenting. The mills have been encouraged by the Center's recent export incentive push.
Textile items such as fabrics and synthetic textiles, which are facing Chinese import onslaught in India, have been included in the export incentive list that includes pharmaceuticals, auto components, telecom and transport equipment. In Tamil Nadu, big garment makers are into reverse expansion to set up their own yarn units. But the reverse was not happening much, because there was a risk of holding inventory without knowing whether there would be a buyer. But now the central government incentive has brightened possibilities of forward integration.
Tamil Nadu boasts of a yarn manufacturing capacity of 2.25 crore spindles but only a handful have pumped in money to become fabric manufacturers. In terms of expenditure for a textile unit that wants to diversify, a knitting machine from Taiwan costs Rs 15 lakh while an European import will cost Rs 25 lakh. With additional costs into labor, power, marketing and so on, a bid to move up for an average textile mill will cost Rs 3 crores.
India, the world’s biggest cotton producer, is likely to export 6.8 million bales in the 2015-16 season, up 18 per cent from a year ago as demand from Asia is expected to improve. Higher exports will cap global prices but raise domestic prices and help bring down government purchases at the support price. India is expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.
In 2014-15 season, Bangladesh surpassed China to become India’s top buyer of the fiber as the world’s biggest consumer began cutting import quotas to stimulate demand for domestic cotton after it halted a state stockpiling program. China has in recent years taken more than half of cotton exports, propping up prices despite a record output. In 2014-15 exports dropped 51 per cent from a year ago after China halved imports.
In 2015 India suffered its first back-to-back droughts in three decades, hitting yields of summer-sown crops like cotton, rice and soybeans. Higher exports amid a drop in production would bring down closing stocks for the 2015-16 season to 3.8 million bales, down 27 per cent from a year ago. Cotton consumption in the new season is expected to edge up 1.7 per cent to 32.3 million bales.
The 11th edition of Interfilière Shanghai was held from October 12 to 13, 2015. The two-day event successfully showcased latest, innovative information from intimates, swimwear and leisurewear industries.
Around 220 exhibitors from 15 countries including Austria, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, South Korea, Taiwan, Thailand, United Kingdom, United States and Vietnam, introduced their products and business opportunities to the industry. Almost 76 per cent of the visitors came from Mainland China maintaining the same global proportion as last year. Vietnam marked its entry in the new top 10 visiting countries. Australia as well as Thailand boosted their ranking respectively. Most of the Chinese visitors came from Shanghai while the number of Guangdong visitors slightly dropped.
Exhibitors appreciate quality of visitors
This edition of Interfilière Shanghai was highly appreciated by Untitledsdexhibitors for the good quality of the visitors. “Interfilière Shanghai 2015 was a great success. A lot of buyers showed positive interests in our products and exchanged ideas. With good security arrangements and a convenient environment, the exhibition has given us a great opportunity to exhibit our products and a platform to show our potential,” said Chim, Director of Takefast.
Lin, Vice President of Fujian Donglong Knitting & Textile opined, during these two days, the company’s team members were very busy. “We will be exhibiting again next year, ” he added. “I am satisfied with the quantity of the visitors. Most of our old customers are from domestic market. This year, we have seen more of our old customers onsite than last year. We will attend the show next year,” reiterated Zheng, Vice General Manager of Fujian Changle Xinmei Knitting Textile Co.
Intriguing trends preview and Mouv’Innovation Forum
Interfilière Shanghai in collaboration with Concepts Paris once again introduced a preview of the 2017 Spring/Summer trends. The 270m2 trend forum has attracted wide attentions from visitors. It was a real feast of colours, textures and ideas illustrating the multitude of exciting development in the world of lingerie, beach and athleisure.
Fashion, sport and health are definitively the key words we need to keep in mind for the lingerie of tomorrow. In partnership with the Federation de la Maille et de la Lingerie, Interfilière Shanghai brought to visitors and exhibitors the ‘Mouv’Innovation Forum’ highlighting technical and innovative textiles and accessories for high performance application in the sports and medical fields. Following the great success of this new interactive forum on Interfilière Paris last July, the Mouv’Innovation Forum has been a great interest for visitors from Interfilière Shanghai. Visitors were quite curious about the technical aspect of some fabrics such as the microencapsulation process for cosmetotextiles.
The forum displayed fabrics of our exhibitors with different properties such as quick drying, thermoregulation, compression, bistretch, resistance to abrasion or UV, breathable, antibacterial, cosmetotextile… and were illustrated by finished products like sports bra with moisture management (quick drying), sports leggings with thermoregulation, knee pad with warming and anti-pain properties.
The aim of the forum and the Mouv’Innovation leaflet was to help visitors and exhibitors understand the market, the technicity and the innovations of the world of sports and medical lingerie.
Seven exhibiting companies honoured
For the second time, Interfilière Shanghai rewarded the know-how and collections of seven exhibiting companies. Interfeel’Award – Embroidery was given to Liberty Tex (Taiwan), the leading supplier of embroidered fabrics, trim and accessories. The company commercialises its products for interior design, lingerie and ready-to-wear industries. Awarded for its development on ready-to-wear and lingerie industries, Liberty Tex has an expert knowledge on various embroidery techniques.
Interfeel’Award – Lace was awarded to Gayoulace (China). Founded in 1998 in China, Gayoulace is known for the research, design, promotion, techniques, production and marketing of lace and lace fabrics. Interfeel’Award – Accessories was conferred to Takefast (Hong Kong). Founded in Hong Kong in 2007, Takefast is a large size company specialized in developing and manufacturing elastic bands. The company is focused on the international intimate apparel market.
Interfeel’Award – OEM-ODM went to Tengfei (China). Founded in 1997 in China, Tengfei manufactures innovative products (seamless underwear, cup mold development) for the lingerie industry. Focused on the process research, the company is recognized worldwide and enjoys a high reputation in overseas markets. Interfeel’Award – Fabrics went to K-Boxing Warp Knitting (China). Founded in 2001 in China, the company is specialised in the development, production and sales of high-end warp knitting fabrics. The company is an internationally renowned brand supplier in the lingerie, swimwear, casual wear industries and other fields.
Interfeel’Award – Fabrics/Prints was given to Suzhou Famous Textile (China). Founded in 2014 in China, Famous Textile is a new-founded autonomous brand, which comes into vogue with its own design team. The company is developed on the underwear and swimming suits industry. Awarded for the creativity of the prints, the company produces a variety of high quality fabrics and caters to different markets such as ready-to-wear, beachwear and lingerie.
Interfeel’Award – Coup de cœur Europe was awarded to Muehlmeier (Germany. Founded in 1945, it is a recognised brand in the development, production, innovation and sales of bra-cups for the lingerie and swimwear industry. The company is also specialised in shoulder pads and art deco body styling adornments.
Denim Premiere Vision will be held in Spain on November 18 and 19, 2015. This will showcase the best in premium denim and latest innovations. The event is aimed at the entire global chain of upscale and creative jeans wear. This edition will have 87 exhibitors weavers, manufacturers, launderers, finishers, accessory makers, fiber producers and spinners, technology developers and promotional organizations. They constitute the bulk of the value chain of worldwide denim production and manufacture.
Visitors will comprise premium and high end fashion and jeans wear brands, designers and major luxury names. The show will offer know-how and developments from leading jeans wear players in countries like Turkey, Italy, Spain, Morocco as well as Japan, France, Germany, Pakistan and Hong Kong.
Seminars will highlight seasonal influences and a preview of spring/summer ’17. There will be insights on product development, production, technological innovations, finishing, style and construction of collections including marketing and sales challenges.
This event will also present the strategies and actions put in place by Denim Première Vision to better respond to the new issues of responsibility in the sector. Denim Première Vision brings together an unique and rigorously selected offer reflecting the global premium denim market.
denimpremierevision.com/
At ITMA Milan, Spanish company, Jeanologia, specialist in sustainable technologies for garment finishing, is set to make an exclusive presentation. It will be presenting the Zero Discharge Production Center, the first Jeans finishing plant that guarantees zero contamination. This technology eliminates the need for water treatment and also the use of Pumice stone as it recycles 100 per cent of the water used.
For the first time ever, a denim treatment plant will achieve zero waste, all because of the efficient combination of Jeanologia’s three technologies, the light of the laser, wet and dry Ozone G2, and the nano bubbles of the reactor eFlow. Thus, the Zero Discharge Production Center will revolutionise the textile industry.
Jeanologia is able to present the first ever Jeans finishing plant that recycles water and avoids any use of pumice stone, optimising the complete process yet with zero concessions on the ‘final look’ after 20 years of research and development of technological solutions for the industry. The combination of the company’s laser, G2, and eFlow technologies reduces water consumption by 90 per cent, the use of chemicals by 90 per cent and energy consumption by 50 per cent.
With ZERO, Jeanologia is making advances in the optimisation of production processes, in the reduction of waiting times, and in the adaptation to large and smaller scale production. The company’s innovations have already made it a leader in sustainable and efficient solutions for the garment finishing sector.
The third denim expo will be held in Bangladesh from November 11 to 12. The theme this time is sustainable denim. The aim is to promote Bangladesh’s brands to the global market and share knowledge with international producers to get acquainted with the latest technologies. The primary purpose is to create a platform for denim stakeholders and to make Bangladesh a one stop sourcing platform for the denim industry.
The two-day event will feature a trend zone displaying new and future denim trends. In addition, there will be a unique range of seminars and a panel discussion to provide insights into topical issues of the industry.
In all, 41 companies are participating in the expo, an increase from 25 participants from the previous expo. Among them, 27 are international companies from China, India, Pakistan, US, Turkey, Korea, Japan, Thailand, Singapore and Germany. Bangladesh is currently the second largest denim exporter to Europe, after China and the third largest to the US, after China and Mexico. In addition to shipping to the US and Europe, Bangladeshi denim producers have found markets in countries like China, India, Malaysia, Thailand, Japan and Russia.
Denim exports from Bangladesh could reach $7 dollars by 2021, up from the current $3.5 billion, giving a huge boost to the country’s overall export earnings.
www.bangladeshdenimexpo.com/
Bombay Dyeing and Manufacturing has said that its loss widened to Rs 65.64 crores for the quarter ended September 30, 2015, against that of Rs 34.43 crores in the same period of previous fiscal.
Total income from operations, on a standalone basis, fell by 20.26 per cent to Rs 438.99 crores as against Rs 550.54 crores in the April-June quarter of previous fiscal. The operations of the company's textile unit at Ranjangaon, Maharashtra have been temporarily suspended from June 1, 2015 in view of the proposed sale of the unit.
Bombay Dyeing had agreed to sell the textiles processing unit to Oasis Procon for Rs 230 crores in May 2015. The company also decided not to engage in the business of export of bed linen or bed linen fabric to the US for five years from the closing date as per the terms of the deal. The deal is part of the company’s plan to raise funds to repay existing loans, enhance working capital, and for other general business purposes.
Now, for the sale of this unit, Bombay Dyeing will negotiate with other potential buyers and seek the approval from its shareholders at the appropriate time. However, this won’t impact the company’s existing retail business Home & You.
www.bombaydyeing.com
Nandan Denim net profit increased 30.54 per cent at Rs 15.60 crores for the second quarter ended September 30, 2015. The company had reported a net profit of Rs 11.95 crores for the July-September quarter of last fiscal.
Nandan Denim's total income from operation during the quarter under review was up 6.35 per cent to Rs 294.53 crores as against Rs 276.94 crores for the same period last fiscal.
The company has also implemented a Rs 612 crores expansion plan which would take its capacity to 110 million meters a year. A lot of investment is being done, not only on hardware, but on software, market research, understanding and delivering fashion.
Nandan Denim is part of the Rs 3,000-crores Ahmedabad-based Chiripal Group. It markets 85 per cent of its denim fabrics for the Indian market, with the balance being exported to several countries. Going ahead, the company wants to hike its share of exports to 25 to 30 per cent of overall production.
www.nandandenim.com
Safexpress, India’s largest supply chain and logistics firm has opened its first service centre in New Delhi. Located at Dwarka area in the capital, the Safexpress service centre will cater to the C2C and B2B needs of the region.
On October 23, 2015, the service centre was inaugurated by Rubal Jain, MD, Safexpress in the presence of Pawan Jain, Founder and Chairman, Safexpress, alongside various senior officials from the company.
Speaking on this occasion, Rubal Jain said, “Safexpress has been growing at a reasonably good rate for the last few years. As a growing firm, we have always felt the need for continuous innovation. It is this quest for innovation which has led us to create innovative retail services like Easy2Move, Campus2Home, and so on. To help the consumers avail of such unique services right in their neighbourhood, we have launched the Safexpress service centre.
” “These service centres complement an already-existing extensive partner network of Safexpress and will help us penetrate the market better. They will be equipped with packing material at all times, and will facilitate order booking for door pickup of goods through Tata Ace vehicles. Also, any sort of enquiries regarding Safexpress and its complete range of services can be made here. The centers will help us create strong brand visibility while enabling us to serve lots of new consumers,” he added.
www.safexpress.com
The Cotton Corporation of India (CCI) is yet to start procurement operations. It says, the volatility in prices is one of the main reasons behind its reluctance to go ahead with purchases. The CCI is waiting for cotton prices to come down since private traders are offering a higher price than the stipulated minimum support price. Farmers are presently getting up to Rs 4,500 per quintal from private traders, while the minimum support price for cotton is Rs 4,100. Therefore, the CCI is waiting for market prices to come down.
CCI feels farmers are not facing any losses even if they didn’t start procurement as private traders are already purchasing cotton brought to the markets. There has been extensive damage to the cotton crop in Punjab because of the severe whitefly attack. This has caused staggering losses. Due to the whitefly attack, the cotton production may go down by 40 per cent this year.
As against around 13 lakh bales production last season, CCI is expecting around 7.50 lakh bales this time. Punjab has appealed to the textile ministry to relax the norms for cotton procurement in the wake of the extensive damage to the cotton crop.
