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Browzwear one of the leading fashion technology firm serving designers like Adidas, Tommy Hilfiger, and Nordstorm, etc, recently collaborated with laser-wash technology from Jeanologia, the creator of sustainable and eco-efficient technologies for the garment finishing industry.
The collaboration aims to provide fashion designers with tools for creating a sustainable future by working on production planning. It will draw blueprints on how production and lifestyle management can balance sustainable fashion and how sustainable clothing can be made without restricting creativity.
The 5th edition of Intex South Asia will be held at BMICH, Colombo, from November 13-15, 2019. The event will witness more than 200 quality suppliers from 12 countries and regions who will showcase top quality yarns, apparel fabrics, denim fabrics, chemicals, clothing accessories and allied services.
The Indian Pavilions at Intex South Asia will be organised by The Cotton Textiles Export Promotion Council Federation of Indian Export Organisations and Basic Chemicals, Cosmetics & Dyes Export Promotion Council under the Ministry of Commerce & Industry, Government of India. Also, Taiwan Textile Federation, KOTRA Colombo and The Indonesian Embassy in Sri Lanka will organise Smart Textiles Showcase Pavilions respectively at this edition.
The participation from India will grow by 30 per cent from last year making it the largest country pavilion with over 100 Indian companies that would exhibit with their latest product offerings to connect with the leading buyers from Sri Lanka, Bangladesh, India, and other international markets.
This year, Intex South Asia will introduce “Indian Textile Dyes & Chemicals Zone” which would be represented by leading textile chemicals, dyes intermediates, pigments and auxiliaries companies. With the growth of textile dyes and chemicals imports to Sri Lanka, Indian companies under this zone will find it fruitful to connect with their Sri Lankan counterparts to explore business opportunities. With the inclusion of this pavilion, Intex South Asia has successfully consolidated the textile value chain at a single global trading platform.
Some of the top companies participating this year include PT Sinar Para Taruna from Indonesia along with PT Kewalram International; Grasim Industries (Liva), Sangam Ltd., Birla Century, Garware Bestretch from India; PAK Denim Ltd. and MN Textiles from Pakistan, and Eco Transfer Prints and Sigiri Weaving Mills from Sri Lanka and Yetom New Materials and PHK Knitting from China. Also, from the buyers' side, Intex South Asia is inviting delegations from India, Bangladesh, Pakistan, Thailand, Middle East, Nigeria, Mauritius and more make it a truly global sourcing platform of South Asia.
For the first time, world-renowned organisation – Cotton Council International will partner with Intex South Asia as its Innovation Partner. This marks the entry of Cotton USA in Sri Lanka. Cotton USA will showcase the latest innovations which would be beneficial for the growth and development of the textile and apparel industry of the region. Alongside the exhibition, The Interactive Business Forum will deliver high-quality market intelligence to support industry efforts to upgrade, the value chain and better understanding for intra-regional trade to help manufacturers gain a competitive edge.
Arti Bhagat, Director, Worldex India said, “There is a clear shift from the west to the east. While the western economies are slowing down, the economies of South Asia are among the fastest-growing in the world. Industry and businesses are coming to this region and Intex South Asia is there to speed up this process while ensuring that genuine buyers from around the world meet with quality suppliers at the only international textiles sourcing show of South Asia.” Therefore, Intex South Asia is the perfect platform to take the industry forward.
Sangam’s net sales were Rs 489.88 crores during the period ended September 30, 2019, as compared to Rs 464.74 crores during the period ended June 30, 2019. Net profit was Rs 3.11 crores as against Rs 1.14 crores for same period ended June 30, 2019.
Net sales were Rs 489.88 crores during the period ended September 30, 2019 as compared to Rs 472.69 crores during the period ended September 30, 2018. Net profit reached Rs 3.11 crores in September 2019 as against Rs 9.16 crores for the period ended September 30, 2018.
Bangladesh will review the effectiveness of existing export subsidies. Alternative policy benefits will be looked at considering the country’s probable graduation from a least developed country to a developing one. The effectiveness of the existing export subsidies will be enhanced. Future export subsidies will be in line with World Trade Organisation rules and international best practices. Products under 37 categories will get cash incentives ranging from two per cent to 20 per cent in the current fiscal year.
Subsidies are given in various forms, mainly in cash incentives and duty and tax benefits, to exporters to promote diversification of export products and keep the country’s exports competitive in the international market. Almost all the export products including readymade garments, textiles, electronics, leather goods, jute, handicrafts and pharmaceuticals get cash incentives. Export-oriented industries, mainly the apparel sector, also get the bonded warehouse facility while others get duty drawback facilities. Cash incentives are usually given based on applications from the export-oriented sector. Currently, four sectors of readymade garments receive export incentives at four per cent. The subsidies and incentives given to export oriented sectors include agricultural subsidies, other agricultural input incentives and support cards including those for fertilisers and seeds, support for agricultural rehabilitation, agriculture credit at easy terms etc.
Industrial Fabrics Association International (IFAI) expo was held in the US, October 1 to 4, 2019. This is North America’s largest specialty, industrial and advanced textile event. The event hosted more than 325 exhibitors and 4,412 participants from 64 countries. The expo provided access to the industry's leading companies, latest innovations in technology and textiles as well as valuable education and insight into current and future trends. Attendees had the opportunity to meet with different exhibitors, hear expert advise at more than 83 educational sessions and gain inspiration. Sessions provided valuable information for the advanced textiles, specialty fabrics and shade and weather protection markets. The expo hosted three days of market specific classroom education with 33 sessions focused on shade and weather protection, graphics, marine, sustainability and business operations, along with a wealth of other specialty fabrics and advanced textiles focused content.
The session on advanced textiles included challenges and applications of soft goods in human spaceflight, a look at trends that affect textile needs within the nation’s defense strategy and how to find opportunities and respond to military bids, regulations and advances with medical textiles, a systems level overview of smart textiles as well as a look at prototyping, innovation and diversification.
Nonactive casual clothing represents more than half of the US fashion industry’s sales. This category includes casual pants, polo shirts and blazers. It does not include active wear, outerwear, tailored apparel and underwear. Casual is becoming more specialized. Casual styles have embraced fabrics that formerly were the sole domain of active wear, such as antimicrobial and wicking fabrics. Other features in demand include stain-resistant and wrinkle-resistant clothes.
Fashion’s future depends on casual clothing. But today’s casual fashion is different from what was once referred to as sportswear in the American fashion industry. Along with casual, comfort is a major concern for consumers. The definition of everyday apparel has no clear boundaries. Specialty stores take up 29 per cent of the American casual wear business. Department stores make up 15 per cent of the market and off-price retailers make up 14 per cent. Growth in casual wear market is expected to come from off-price and manufacturer-owned/direct-to-consumer stores. In the 12 months ending May 2019, total US sales of sweats and active bottoms, including adults’ and children’s products, grew eight per cent and sleepwear sales increased two per cent. Sweats, swimwear, dresses and sleepwear are expected to drive fashion-industry growth.
Lenzing’s new Tencel Sustainable Denim Wardrobe’s new collection, Broadband, represents the wide scope of the many kinds of denim in the market. There are two concepts based on Tencel Lyocell fabrics: Hardwear, a workwear wardrobe inspired by archival garments; and Softwear, a feminine range of fluid denim fashion statements. Together, they represent the ying and yang of denim, underscoring that there’s no singular denim trend driving the category at the moment.
While Tencel has presented several collections in the past that have highlighted denim trends like garment-dyed or chambray garments, nothing has shown its diversity as Broadwear. Nor has a project showed the fiber in a way like Hardwear does. The collection is Tencel’s foot in the door with brands that focus on heritage workwear design.
Like all of Tencel’s collections, the fabrics were narrowed down from approximately 40 to just eight for Hardwear, chosen on their finishing performance and compatibility with laser treatment. Equally complex and inspiring, Softwear showcases Tencel fabrics in a familiar yet elevated and fashionable way. Softwear uses fabrics that are mill wash, meaning, they are ready for cut and sew and require no additional wash. The collection’s water-inspired effects aim at sparking dialogues about water conservation in the apparel industry.
Mimaki USA has launched the TX300P-1800 MkII, dual capability textile printer that offers the ability to switch between transfer paper for dye sublimation printing or direct-to-textile printing on one unit, and also offers additional dual-ink possibilities.
The TX300P-1800 MkII printer can be configured with three different ink combinations including textile pigment/direct sublimation, textile pigment/sublimation transfer, or direct sublimation/sublimation transfer.
TX300P-1800 MkII users can also install a single type of ink and can choose from direct sublimation, textile pigment, disperse dye, reactive dye and acid dye, depending on the application.
All inks are available in two-liter ink packs, and are installed in the Mimaki Bulk Ink System 3 (MBIS3) that reduces ink costs when compared to ink cartridges used in competitive products, and enables unattended printing, freeing staff to work on other projects.
The TX300P-1800 MkII printer is expected to be available in November 2019 from authorised Mimaki dealers in the U.S., Canada and Latin America.
Denim trade show Kingpins Amsterdam has launched the One Million Liters of water initiative. To raise awareness, the initiative invites users to select the cause they want to donate the next million liters of water. The campaign’s core mission is to raise awareness by showing how changing one part of the production or manufacturing process can speed up change towards a more sustainable textile industry.
With DryIndigo technology, Tejidos Royo saved more than a million liters of water used in denim dyeing this year. The economic contribution from the first million liters saved has been donated to UNICEF for its water and sanitation programs, which improve the lives of thousands of children around the world. Producing a pair of jeans using the conventional system uses an amount of water equivalent to what one person could drink over seven years. DryIndigo uses no water in the dyeing process. It also reduces energy consumption by 65 per cent during manufacture, uses 89 per cent less chemical products, and completely eliminates waste water discharge.
Kingpins Amsterdam was held October 23 to 24, 2019. More than fifty exhibitors participated, most of them Asian, from countries like Taiwan, Thailand, China, India, Bangladesh, Japan and Singapore.
The current-quarter revenues of eBay’s fell below the estimates of the Wall Street as the company faces fierce competition from bigger rivals Amazon.com and Walmart in the run-up to the crucial holiday shopping season. Shares of the company declined 2.73 per cent to $38.13 in extended trading as the holiday quarter typically generates a majority of its annual sales and profit. It forecasted its fourth-quarter adjusted profit from continuing operations in the range of 73 cents to 76 cents per share and net revenue of $2.77 billion and $2.82 billion.
Active buyers of the company grew by 4 per cent to 183 million in the reported quarter. However, its gross merchandise volume, which is the value of goods sold on its websites within a certain time frame, declined by 4 percent to $21.72 billion.
The company’s net income fell to $310 million, or 37 cents per share, in the third-quarter ended Sept. 30, from $721 million, or 73 cents per share, a year earlier.
