FW
Shima Seiki Italia, the Italian subsidiary of leading Japanese computerised knitting machine manufacturer Shima Seiki has organized a private exhibition from March 26 to 28, 2014 at its headquarters in Segrate, Milano. The exhibition is showcasing the company’s technologically advanced line-up of computerised flat knitting machines, each featuring four-needle-bed knitting technologies. MACH2X series WholeGarment knitting machines feature Shima’s original SlideNeedle on four knitting beds for full WholeGarment production capability. SWG-FIRST series machines feature in addition to its two needle beds with SlideNeedes, a transfer jack bed and a loop presser bed for increased knitting capability. Its new launch, SRY123LP machine with two loop presser bed mounted above its conventional needle beds for inlay and other techniques for producing unprecedented knitwear with woven textures and fabrics for industrial textiles. The company is also displaying its SWG061N compact WholeGarment knitting machine.
Shima Seiki is demonstrating Shima’s SDS-ONE APEX3 3D design system, the company’s total knitting system concept. With comprehensive support of all aspects throughout the knit supply chain, APEX3 integrates knit production into one smooth and efficient workflow from planning and design to machine programming, production and even sales promotion.
www.shimaseiki.com
Intertextile Shanghai Apparel Fabrics-Spring Edition 2014 concluded recently with a huge increase in the number of overseas and Chinese buyers attending. Over 40,000 visitors attended the event that was held from March 3 to 5, 2014, a 60 per cent increase compared to the 2013 edition which was held in Beijing. This was a new record for the Spring fair. When broken down, it registered a 105 per cent increase in overseas visitors and a 52 per cent increase in domestic visitors from last year. Visitors came from 91 countries and the top five overseas buyer countries, excluding Mainland China, were: Korea, Hong Kong, Japan, India and the US.
On the exhibitor side, 1,469 companies from 23 countries and regions took part, with a 12 per cent increase in international exhibitor participation recorded. Exhibitors from Italy, Korea, Taiwan, Japan and Hong Kong made up the top five countries & regions, excluding Mainland China. In total the fair covered 50,000 sqm and three halls of the Shanghai World Expo Exhibition and Convention Center. </br>
Exhibitors felt the move to Shanghai was good for business since it is close to Guangdong, where most of the factories are based. Trading companies and end-buyers from Europe and America also tend to have offices in Shanghai so it was more convenient for them. Overseas buyers were also pleased with the added convenience from the number of manufacturing plants located close to Shanghai.
With mixed economic news coming out of China over the last year, exhibitors were pleased to discover that the demand for quality overseas products has not diminished. Rescheduling the fair to earlier in March also had a positive impact on exhibitors and buyers. With an increase in the number of international exhibitors, and the continuing advances made by domestic firms, buyers to the fair were left satisfied with the fabric options on offer.
The Intertextile Directions Trend Forum and the Fabrics China Trend Forum were inundated with buyers, including many designers, looking to discover the Spring/Summer 2015 trends. Seminars on a range of topics also helped buyers keep abreast of the latest industry information. Next year’s spring edition will be held from March 18 to 20, 2015 at a new venue in Shanghai, while the autumn edition of the fair will be held from October 20 to 23, 2014 at the Shanghai New International Expo Centre. The Yarn Expo Autumn fair will also take place concurrently.
www.intertextileapparel.com
Bangladesh's apparel sector trade body BGMEA plans to brief foreign diplomats, donor agencies and other stakeholders on the progress made so far, especially after the Rana Plaza collapse that brought the poor working conditions on in Bangladeshi factories to the fore. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has organised a meeting on April 10, with the aim to restore country’s image. The meeting is expected to be attended by diplomats from 14 European Union (EU) and other countries including: the US, Canada, the Netherlands, Denmark, Norway, Sweden, France, Australia and other donor agencies including the IFC, GIZ and JICA.
Secretaries from foreign, commerce and labour ministries alongside representatives from the buyers' forum are also expected to join the meeting. The move has been initiated just ahead of the first anniversary of the tragic Rana Plaza incident, which took place on April 24, 2013 leaving more than 1,100 garment workers dead and many others injured.
A BGMEA team comprising 30 officials was monitoring the safety standards and social compliances while it appointed 10 engineers to strengthen safety inspection and monitor factories' structural safety. A crash training program on fire safety for mid-level management and supervisors of factories was also being held and it already covered 1,400 factories. Many foreign brands, sourcing from the Bangladesh factories have announced their plans to offer compensation to the victims of the calamity.
www.bgmea.com.bd
Textile Arabia, with 120 national and international exhibitors showcasing apparel, machinery, clothes and latest equipment and technology from Germany, Italy, France, Pakistan, the UAE, Taiwan and other countries, began on Tuesday. The exhibition, which ends on March 28, was opened by Jeddah Chamber of Commerce and Industry (JCCI) Vice Chairman Mazen Batterjee at Jeddah International Centre for Forums and Events.
The exhibition, which has the participation of businessmen and investors, and especially those interested in textiles, is organized by Al-Harithy Company for Exhibition (ACE) in cooperation with the JCCI. Batterjee points out such exhibitions contribute to the development of the Kingdom’s textile industry.
The size of ready-made clothes and textiles market in Saudi Arabia is estimated at SR10 billion. The Saudi market imports over 85,000 tons of textiles and readymade garments, 90 per cent of which is imported from Italy, France, Thailand, Taiwan and China, in addition to some Arab countries.
Textile Arabia focuses on the immense market potential as a comprehensive event representing all areas of the transport, import/export and manufacturing cycle. The dedicated textiles machinery and accessories show provides a platform for textiles and fabrics, fibers and abayas, thoubs and ghuthras, leather goods, home furnishings, textile dyes and treatments as well as machinery and related services.
Ihram for men and abayas for women form a large section of this expanding market due to the increasing number of Haj and Umrah pilgrims. Tents and towels are also in great demand.
www.acexpos.com
With manufacturing costs continuously increasing in China and across Asia, many nations are exploring new apparel sourcing destination. Many companies are diverting their sourcing needs to newer countries and African continent is emerging as the answer to their quest. Speaking during the AAFA webinar, Marie D'Avignon, Manager of Government Relations for the American Apparel & Footwear Association (AAFA) said that there are three main reasons why Africa is becoming a great option for sourcing.
Firms, want to create jobs in countries that need them, and ensure their factories are in countries where workers are well-treated. AGOA (the African Growth and Opportunity Act originally passed in 2000 and set to expire in September 2015, aimed to provide economic opportunities to countries showing a commitment to good governance and democratic principles. Africa’s growing population is also said to proving as a major pull factor for investors.
In addition to the opportunities, however, there are also challenges like communication barriers, poor infrastructure, slow border processes and many countries within Africa not having a fast-paced business culture. The AAFA says there is a lot of input from local government to address the issues, expand their markets and attract investment.
AAFA is seeking interest in Africa from the US, with a lot of investment currently coming from Asia. Among the 54 countries, countries that appear to be benefiting from investor interest most, at the present time, include Swaziland, Kenya, Ghana, South Africa and Ethiopia.
www.wewear.org
Indian textiles exports may be negatively affected if the Chinese currency continues its downward swing. The Yuan has fallen 4.9 per cent against the rupee to date and may fall further if the Chinese slowdown deepens further. The rupee depreciated by 44 per cent against the Yuan from 2009-2013, but the trend seems to have reversed in the current year with the rupee gaining 5 per cent year to date. Though Yuan's depreciation till date is too marginal to make a lasting impact, if its depreciation continues then the things could reverse.
Since China is one of the largest commodity manufacturers, slow domestic growth and a weaker Yuan will help them increase exports, which would impact most of the Indian commodity companies. Textiles and engineering goods exports would be affected deeply. At present, 10 per cent of yarn produce of India goes to China. If the depreciation in the Chinese currency continues for six more months, India's cotton and yarn manufacturing companies would record a 3per cent-5per cent price decline.
Consistent demand for cotton and yarn from China had increased the revenue of most textile companies by 35 per cent- 40 per cent. Due to the expensive quota system in China and the Chinese government's cotton stock piling policy of supporting its farmers by buying cotton at high prices and selling them to farmers, most Chinese companies preferred buying cotton and yarn from India and Pakistan. But, the Yuan depreciation would now lead to Chinese companies buy raw materials from China itself, instead of souring from other countries.
The European Union (EU) is planning to remove import duties on clothing imports from Ukraine. After the Ukraine government signed a political agreement cementing closer links with the EU on March 21, the European Commission has released details of proposals to remove tariffs on goods traded between the EU and Ukraine.
As per the new proposal, EU duties on Ukraine exports will be scrapped first in a planned manner, once agreement obtains green signal from both the European Parliament and the EU Council of Ministers. Ukraine clothing manufacturers currently pay a 12 per cent duty on most ready-to-wear products from woven fabrics exported to the EU, with 10.5 per cent charged on babywear, 6.5 per cent on bras, 8 per cent on shawls and scarves and 6.5 per cent on ties. The EU also levies 12 per cent tariffs on most knitwear made in Ukraine, with 8.9 per cent on gloves and 8 per cent on knitted shawls.
The remainder of the planned EU-Ukraine association agreement is likely to be signed and approved following Ukraine presidential elections in May.
Early this week, cotton futures plummeted after China announced plans to cut the selling price of reserve bales, renewing worries about import demand in the world's top consumer and prompting waves of long liquidation. The most-active May cotton contract on ICE Futures US closed down 2.68 cents, or 2.9 per cent, at 90.63 cents a lb after dropping to an over two-week low of 89.84 cents a lb. Global equity markets also suffered a fall over concerns of the Ukraine crisis and slowing growth in China.
Beijing plans to cut the sale price of cotton in its strategic reserves, bringing it more in line with world prices to speed up lackluster auctions and reduce the country's ballooning inventories. China's stocks have swelled to nearly 60 per cent of world stocks projected to hit a record 97 million bales by the end of July. Fiber withstood pressure from the news early in the session before reversing and falling almost 4 per cent as worries built over the demand impact of lower domestic prices and larger policy changes as China prepares to scrap its controversial stockpiling program.
Beijing launched its stockpiling program in 2011, paying above global prices to support farmers, driving voracious demand for imports, and pegging a floor under the world market even as global output outstrips demand. Prices also faced technical pressure after inching to a session high of 93.75 cents a lb, matching but not breaching a seven-month high hit earlier this month. Technical support came in along key moving averages, and the front month settled just above its 20-day moving average of 90.18 cents a lb.
www.theice.com
The Ethiopian Textile Industry Development Institute has announced that the export performance of the textile sector has increased after amassing $75.28 million in the first eight months of the fiscal from international markets. Export performance went up by $9.9 million or 15.1 per cent higher than the same period in the previous year.
The country received majority of export orders from markets like the Europe, US, Asia and Africa. Among several local and foreign-owned companies engaged in the production of textile, the Turkish textile giant, Ayka Addis bagged the major share and has already earned $75.28 million of exported products.
The export components of textile products that were sent to the international markets consist of untailored garments, spine and woven, tailored garments and woven products. Another Turkish giant textile manufacturer, Akber has undertaken the development of biggest textile plant with a total initial capital of $175 million in the Ejere town of the North Shoa Zone, Oromia Regional State. The new factory is expected generate 9,000 to 10,000 jobs, which is larger than any operating textile factory in the nation.
www.tidi.gov.et
Jute spinners have observed that the sector's excess capacity is causing a reduction in export earnings. Experts point out that because of about 0.1 million tonnes of carryover, spinners are being forced to reduce the price products which is giving bargaining power to importers.
According to data, in the financial year 2012-13, spinners exported 0.516 million tonnes of products worth Tk 34.96 billion, which was 0.458 million tonnes worth Tk 33.67 billion in FY'12. Every ton of jute yarn was sold at Tk0.073 million in FY'12 which reduced to Tk 0.0677 million in FY'13. Bangladesh is the key source for jute yarn in the world, supplying 90 per cent of the global requirement of nearly 0.6 million tonnes, according to the Department of Jute (DoJ).
Carpet and other handicraft industries in Iran, Turkey, Egypt, Sudan (both North and South), Syria, India and China are the main destinations for Bangladeshi jute yarn. The number of jute spinning mills has increased to 96 recently from 80 mills five years back.
According to the state-run Department of Jute (DoJ), the country now has 96 jute spinning mills, where 80,000 workers produce 0.75 million tonnes of yarn annually. The sector exported nearly 0.52 million tonnes of yarn and fetched around 650 million dollars in FY '13, which was 67 per cent of the total earnings from the jute sector.
www.motj.gov.bd
