FW
Vietnam will increase its capacity to produce cotton in order to satisfy the rising demand from garment exporters. Vietnam needs about 8.5 billion sq. mt. of fabric. The capacity to produce domestic fabric is about three billion sq. mt.
Local garment exporters need to use locally made cotton, or cotton produced by other member countries of the Trans Pacific Partnership free trade agreement, to be entitled to tax cuts when shipping products to other TPP markets. Countries have to abide by the yarn forward rule of origin, which means all items in a garment from the yarn stage onward must be made in one of the nations that are party to the TPP accord.
The TPP deal, which aims to liberalise commerce in 40 per cent of the world’s economy, was reached earlier this month. Vietnam last year produced over 9,00,000 metric tons of fiber types, but two-thirds were shipped overseas. In order to fully meet the demand for fabric, and comply with the requirements of the TPP and Vietnam-EU deals, there needs to be more incentive for business in the form of infrastructure and land use in industrial parks, improvement in sewage, and environmental management capacity.
After three days of intense activity at CNR Expo, Première Vision Istanbul closed its doors on the third edition. The event attracted 8,407 visitors, a 1.3 per cent rise over the October 2014 edition, including a 10 per cent increase in 1,530 international visitors.
“Premiere Vision Istanbul demonstrated its full power of attraction by welcoming 18 per cent foreign visitors. Our international professionals included, in particular, 24 per cent of visitors from CIS and Ukraine ; 11.5 per cent from Greece; and 10 per cent from Iran. The show's exhibitors also signalled a very positive development in terms of visitor profiles. In three editions, Première Vision Istanbul has confirmed its position as the premium hub for Middle East & Eastern Europe Fashion,” said Guglielmo Olearo, Première Vision International Show Director.
Around 161 exhibitors presented their collections for autumn/winter 2016-’17. Up by 5 per cent against the October show and comprised of Turkish companies (69 per cent) and international ones (31 per cent) from 15 countries including Italy, Germany, Portugal, France, Austria, Bulgaria, United Kingdom, Romania, the Netherlands (first participation), Lithuania, Morocco, China, India and Pakistan.
The event benefited from the active support of country's main professional associations: ITHIB (Istanbul Textile and Raw Material Exporters’ Association), UTIB (Uludag Textile Exporters' Association), Athib (Mediterranean Textile and Raw Materials Exporters Association), Eib (Egean Exporters Association) and the Turkish Ministry of Economy. The next edition of Première Vision Istanbul will be running from March 23 to 25, 2016.
“We will be rounding out the offer at the show and, starting with the March 2016 edition, proposing a manufacturing sector welcoming companies specialised in CMT (cut, make, trim) fashion manufacturing based in Turkey, Morocco and neighbouring countries. Our goal is to offer the show's visitors proximity, full-package offer,” said Guglielmo Olearo. Additionally, for the show's campaign, Première Vision Istanbul is continuing its story of iconic stars. After Arzu Kaprol for its Istanbul October 2015 edition, Première Vision has selected the globally recognised and talented Turkish designer Bora Aksu.
www.premierevision-istanbul.com
Nandan Denim Limited (NDL), India’s second largest integrated denim fabric company has one of the largest manufacturing capacities in the world. NDL is a part of leading conglomerate, Chiripal Group, established in 1972 and is currently diversified across several businesses like textiles, petrochemicals, chemicals, packaging, infrastructure, and education.
Deepak Chiripal, CEO, NDL, says that the company continued to increase its penetration of international markets to drive its exports business as revenues from exports grew 75 per cent –yo-y to reach Rs 1,36.3 crores in fiscal year 2015, from Rs 77.7 crores in fiscal year 2014.
Speaking about the evolution of denim, Chiripal believes that denim has evolved from humble casual wear to haute couture today. It is a universal fabric and not just a commodity, but the lifeline of fashion. In this context, Chiripal states that NDL is optimistic about the prospects of the domestic denim industry. Today’s youth is increasingly turning towards denim, and the company wants to capitalise on this opportunity promising to give the youth an international fabric at a local price. Chiripal says India has one of the lowest per capita consumption of 0.3 pairs in the world, with far more opportunities in the offing.
Thus, with rising denim demand, the company is well-placed to meet it and has spearheaded a capacity expansion programme at a project cost of Rs 612 crores for which the debt tie-up is completed. The installed capacity will stand at 110 million metres per annum (MMPA) of denim fabric, 124 tonnes per day (TPD) of spinning facility and 10 MMPA of Yarn Dyed Shirting facility, after the commissioning of the expansion project. Chiripal says that the project will be completed on time by the first quarter of 2017.
Shares of the textile firm Trident surged nearly nine per cent after the company reported a two-fold increase in standalone net profit for the second quarter ended September 30, 2015. The increase in net profit was mainly because of reduced expenses.
Trident had posted a net profit of Rs 20.98 crores for the corresponding period of the previous fiscal. However standalone total income of the company stood at Rs 960.99 crores for the quarter under consideration as against Rs 965.70 crores for the same period a year ago.
Trident is the flagship of the Trident Group, a billion dollar Indian business conglomerate and global player. It has state-of-the-art manufacturing processes and systems coupled with appropriate human capital and credentials. The company was incorporated in 1990. The group today exports to over 75 countries. It is one of the largest integrated home textile manufacturers in the world. With a CAGR of over 30 per cent it is the world's largest manufacturer of terry towels and one of the top 10 yarn manufacturers in India.
The company’s board has declared a second interim dividend of Rs 0.30 per fully paid up equity share of Rs 10 each for the financial year 2015-16.
www.tridentindia.com/
Novibra is introducing high speed spindles. Its new low energy consumption and noise absorption high-speed spindles are designed for tube lengths of 200 mm to 210 mm.
Its clamping and cutting crown is operated by the spindle speed and allows an automatic doffing. The improved design of the teeth guarantees a reliable clamping and cutting of the yarn. The crown is designed to reduce the risk of yarn breakage during start-up, increase energy consumption, minimise material loss and reduce maintenance. The crown is suitable for use with new machines as well as an upgrade for some old machines.
Spindles in modern ring spinning machines reach speeds of up to 25,000 rpm. In these high-speed applications energy consumption is an important issue. The company’s Noise Absorbing System Assembly ensures minimum neck bearing load, vibration and noise level at high speed. This leads to lower energy consumption.
Novibra is based in the Czech Republic. It is a leading company in spindle technology and the only 100 per cent in-house spindle maker constantly bringing innovation to the world of spinning. The leading position of Novibra spindles is based on patented design of spindle insert and the highest quality of production. Beside complete spindles, Novibra supplies also individual inserts and thus other spindle brands are also equipped with Novibra technology.
www.novibra.com
Textile ministry chalks out development plans
“For the development of textile industry in Maharashtra government is working on a new textile policy and developing and promoting various textiles park to strengthen textile clusters,” pointed out Deshmukh. Kavita Gupta, the Textile Commissioner, stressed upon the need of R&D in the textile and apparel industry, which needs to be addressed collectively and in time bound manner. She also said that the government is focusing on skills development and industry should come forward to work hand in hand with government in this area. Gupta also informed that the government will open textile commissioner’s office in every state, which will help industry to interact with the ministry on a regular basis.
In his welcome speech Manoj Patodia, Member, Ficci said that the share of polyester fibre in textile and apparel industry has gradually increased in recent years, from 34 per cent in 2000 to 38 per cent in 2014. “This pattern is expected to remain in growth phase as an alternate to cotton. Ficci has already sent its representation to the government for promoting consumption of man-made fibres to reduce the huge gap between man-made fibres and cotton,” he added.
Various experts speaking at the event were also of the opinion that the gap between natural and man-made fibres must be bridged. As Rakesh Gaur, Sector Head (Polyester), Reliance Industries pointed out, “There is no country where fiscal policies discipline the consumption of a particular fiber except in India. Excise duty was lowered but the gap between manmade fibers and natural fibers has widened, while in other fiber producing countries like China, Japan and US, there is absolutely no difference between the two. Growth in textiles has to come from growth in manmade fibers.
Man-made textiles to boost industry’s growth
R D Udeshi, President (Polyester Chain), Reliance Industries, in his address said that the growth of man-made textiles is playing an important role in textile industry. He said, since the government is aiming to increase the size of textile and apparel industry from $110 billion to $400 billion, inputs from man-made fibre segment will also multiply. Hence, man made fiber will need immediate attention on its development as cotton may not be able to fulfil that demand.
“The incremental growth in cotton will be 1.3 per cent. We are living in a multi-fibre society. So there is room for every fibre to grow. Our per capita consumption is 5 kgs, which is low. The world average is 11 kg. We have to grow and we can. We have a growing middle class, a young population, which is ready to spend 16 per cent on clothing. But policies should not be skewed or disruptive,” said Anil Biyani, Executive Director, Damodar Industries.
Prashant Agarwal, Jt MD, Wazir Advisors believes, investment in man-made fibre based textile value chain will help in successful implementation of the ‘Make in India’ initiative for textile sector. “This will help in reducing dependability on MMF based fabric imports worth $1.2 billion and make India a self-sufficient in MMF based textiles. Out of total global trade of MMF based apparel, which is currently pegged at $170 billion, India has a low share of 2.2 per cent.
Reiterating similar sentiment, Manohar Samuel, President-Birla Cellulose, Grasim Industries said, “We have some big manufacturers in India involved in man-made fibres. Birla Cellulose is one of the largest manufacturers in the world for viscose, Reliance is the largest player in rayon, polyester and polyester and rayon are the major man-made fibres in the world, so we are already quite strong in fibres. We also have a value chain which is clearly segmented into textile hubs such as Erode, Pallipaliyam which are fantastic in viscose, while Bhilwara belt has done good progress in polyester. Another aspect is, consumer demand can be best aligned in India and international markets because of the advantages India has, such as good fibre and manufacturing base.”
www.ficci.com
India’s textile exports fell by 24.3 per cent during the first nine months of the current calendar year. Exports of cotton textiles fell by 3.58 per cent. Textile and clothing exports fell by 5.71 per cent and garment exports by 12.02 per cent. However, textile and clothing exports showed a marginal growth of 0.54 per cent during the first half of the current fiscal as compared to the corresponding period of the previous year.
The industry has been passing through a severe recession for almost 18 months and has called for a slew of policy measures. It appealed for the release of adequate funds to clear all pending TUFs subsidies and a three per cent interest subvention for all textile products. It wants the hank yarn obligation to be reduced to 20 per cent from 40 per cent, the cotton trading policy to be industry-friendly, and the five per cent import duty to be scrapped.
The industry also feels there is a need for addressing raw material issues and implementing a direct transfer of cotton subsidy to farmers. World trade has been undergoing certain structural changes and this has had a severe impact on Indian exports.
Invista has unveiled a Lycra hybrid technology for knit denim fabrics. These fabrics combine of comfort and flexibility of knits with the authentic aesthetics and performance of woven fabrics. What distinguishes this technology from existing knit denim is that the Lycra hybrid fabrics integrate a true denim look and feel with low growth, low shrinkage, and multi directional stretch. The fabrics can be engineered for use in a range of different garment types, each serving different consumer needs.
Invista began working on the new technology several years ago when it saw that performance fabrics were having an increasingly important role in the denim industry. The fabrics employ a specific patent construction to achieve the look and feel of traditional denim, but with much greater stretch and flexibility. Another unique function of the technology is that the fabric can be engineered to have a particular level of stretch.
The company has been able to achieve fabrics with over 100 per cent stretch in one direction and more than 50 per cent in the other, with less than five per cent growth. The Lycra hybrid fabrics have been segmented into three different categories, each its own specific performance levels.
www.invista.com/
Asia World expo is being held in Hong Kong, October 27 to 30. The Expo presents the widest selection of fashion items in Asia, including apparel, accessories, footwear and fabrics.
With more than 1,300 booths, the shows brings together top suppliers from mainland China, India, Korea, Hong Kong, Taiwan, Vietnam and other Asian territories. Buyers will find a wide range of products including casual and fashion bags, shoes and hosiery, hair accessories, fashion jewelry, scarves and shawls, ready-to-wear garments, functional fabrics, sports and casual wear, sweaters and knitwear, underwear, and swimwear.
The event is quickly evolving from a substantially original equipment manufacturer sourcing show to an event where 30 to 40 per cent of exhibitors are marketing their own designs and brands. As a result, it not only provides a sourcing platform for volume buyers and retailers like Zara, H&M, Macy’s, Victoria’s Secret and Marks & Spencer, but also helps entrepreneurial buyers from Amazon, eBay, and boutique shops across Asia to find suppliers best suited to their needs.
Asia World helps manufacturers move up the value chain by connecting them with young designers and new technologies applicable to fashion.
www.asiaworld-expo.com › Home › Event Calendar
Experts say Bangladesh's readymade garments (RMG) sector, is facing serious shortage of skilled workforce, which is likely to slow down upgradation and transformation of the garment industry. Also there is a lack of investment in new machinery and technologies.
Manpower shortage poses a major constraint to realisation of the sector's true growth potential, in terms of productivity and production of high-end apparels. At present the country's apparel sector is facing the shortage of about 0.11 million skilled manpower, from floor to executive level, as per the Directorate of Textile (DoT).
If exporters fail to fill up the positions of highly skilled middle management officials and skilled workers needed in the sector, this problem will become more complex. The gap may be as high as 182,000 by the year 2021 when the country's RMG sector is planned to hit US$ 50 billion export, according to a report by DoT. Information from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear Manufacturers and Exporters Association (KBMEA) and the Bangladesh Textile Mills Association (BTMA) provided information for the DoT report.
Md. Ismail, Director, DoT, argues they are unable to produce enough skilled manpower to keep pace with demands from the apparel sector. The government, though, has already undertaken a plan to meet the shortage of textile engineers and technologists in the country by a proposal to set up at least two dozen textile engineering colleges and vocational institutes. The low educational level of workers is contributing to inefficiency in the garment factories at present. There is a 25 per cent shortage of skilled workers in Bangladesh's RMG industry at present, according to industry sources.
