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In the last decade, only a few entrepreneurs in Western Tamil Nadu's textile industry viz KRP Mill, Ambika Cotton and Loyal Textile Mills took to Dalal Street and fared well after their IPO and sustained interest among investors over the decade got going.

A strong domestic demand and a gradual increase in exposure as to how the capital markets work appear to have pushed new entrepreneurs towards the markets now.
Western Tamil Nadu's textile belt entrepreneurs, who had till now banked on debt to run their privately held businesses, are opening up to the idea of taking their companies public thus changing the mindset of the state's oldest business clusters.

The process was aided by two awareness sessions by NSE for its ‘Emerge Platform’. One such meet held four months ago had Chitra Ramkrishna, MD of NSE deliver a talk to Tirupur's entrepreneurs on why they should end their IPO drought.

Integrated firms manufacturing goods across the supply chain from yarn to finished apparel numbering close to at least 80 work out of Coimbatore, Tirupur and Erode boast fairly high levels of operating margins, international clientele like Walmart and Macy's and strong business continuity typical of family-run businesses. But, till now, they have held back their exposure to capital markets.

Tirupur based garment maker specializing in knitted apparel that began nearly with 40 workers and 24 sewing machines two decades ago, now runs 3,600 sewing units, rolls out 40,000 pieces a day to Indian retailers and the ones in West and Australia.

It is said that lack of exposure restricted the way they structured their companies-it was either proprietary or the Limited Liability Partnership. Some extended it to Private Ltd companies.
But now, globalization has opened up new horizons to the avenue of tapping public money. Secondly, in a competitive, volumes-driven business environment, a company needs to have a strong fund flow.

Cinte Techtextil will be held in China, October 12 to 14, 2016. There will be pavilions from Belgium, Germany, Italy, South Korea and Taiwan, a Russian Zone and a European Zone, as well as a number of Chinese regional pavilions, each one featuring a range of exhibitors from different product groups and application areas. More than 500 exhibitors from 23 countries and regions will display their latest products and technologies. The 2012 show saw 437 exhibitors from 22 countries and regions.

Cinte Techtextil China is Asia’s leading biennial trade fair for technical textile and nonwoven products. Cinte Techtextil’s product groups include technology and machinery, woven and knitted fabrics, nonwovens, coated textiles, composites, surface and bonding techniques, fibers and yarns. Nonwoven suppliers are targeting big results at this year’s fair as the Medtech sector experiences strong growth. Along with international exhibitors, Chinese suppliers will provide a wide range of sourcing options for buyers, particularly in the Medtech application area.

Demand in China for medical textile products is expected to be 3,23,000 tons in 2016 and reach 4,25,000 tons in 2019.

Cinte Techtextil covers twelve application areas and product groups which comprehensively span the full range of potential use of modern textile technologies.

Carvico has developed a fabric aimed at clothing for the cycling sector. The new high performance fabric is called Vita. It boasts Lycra Sport certification.

Vita with Lycra Sport is designed to enable fabrics to provide outstanding compression performance. Its ability to contain muscle movement means it can help athletes limit the amount of energy they waste, leading to improved performance. The fabric has been exposed to real-life fatigue, sweat and wear and tear.

Italian cyclists wore prototype cycling apparel made with new VITA fabric during three months of intensive training in all types of weather. At the end of testing, which included daily washing and drying at high temperatures, the garments still looked like new and retained their original shape and compression strength.

Vita is made with Econyl, a 100 per cent regenerated nylon and polyester fiber from post consumer materials. Econyl has been tested to be two times more resistant to chlorine, suntan creams and oils than competitors' fabrics.

Carvico is a leader in the development and production of new generation non-run stretch fabrics. Carvico, based in Italy, operates on a global scale, offering customers a range of warp knit, innovative fabrics of undisputed and unparalleled quality.

Accord has warned of curtailing business relations with more than 550 readymade garment units of Bangladesh unless they make the required remedial works for ensuring workplace safety.

Accord is a platform of more than 200 European retailers and buyers. If a supplier factory fails to implement the Accord’s corrective actions and cooperate fully in its inspection and related programs, the supplier will receive notice and warning that its business with Accord’s signatory companies will be terminated if non-compliance persists.

If the notice and warning process does not lead to sufficient progress, business with the supplier will be terminated by Accord’s signatory companies.

If they fail to expedite their remediation works, Accord's signatory members might discontinue business relations with those units.

Of 550 units, some 449 units are in the process of stage one of notice while some 104 are on stage two and received warnings. Some 35 units out of 104 have made very poor progress in line with the corrective action plan.

Accord has put some 100 factories in stage two of its escalation process due to slow remediation progress.

Accord so far terminated business relations with some 48 garment factories while Alliance, another platform of North American apparel buyers, suspended business with some 92 units.

Losses at Aditya Birla Fashion and Retail (ABFL) narrowed to Rs 21 crores in the first quarter of fiscal year ’17 as compared to a loss of Rs 68 crores in the first quarter of fiscal year ’16. Revenues went up eight per cent.

ABFL was earlier known as Pantaloons Fashion and Retail. ABFL was created after Madura was merged into Pantaloons Fashions last year.

Madura Fashion & Lifestyle net sales declined three per cent in the first quarter of financial year ’17. EBITDA fell 26 per cent. Pantaloons' EBITDA rose 6.5 times in the first quarter of fiscal year ’17. Its net sales rose 31 per cent.

Pantaloons posted a record like to like growth of 16 per cent in the first quarter of financial year ’17. Like to like growth refers to growth coming from stores which have been in business for a year or more. It saw strong volume growth across categories at 65 per cent and increase in own brands mix at 63 per cent.

ABFL has rationalized the retail network by shutting down 76 stores under the Madura stable. It rolled out Omni channel features across 100 stores in June and will roll out the features across 400 stores by the second quarter of financial year ’17.

The Textile Association (India) is organizing World Textile Conference-2 (WTC-2) on September 16 and 17 at Hotel Sahara. The theme of the conference is ‘World Textiles -- Growth & Great Opportunities’. WTC-2 will focus on manufacturing strength of textile industry in the Far East including China, Vietnam, Malaysia, Indonesia, Korea and Japan.

The two-day conference, would address various issues pertaining to the textile industry, globally. About 600 delegates from India and abroad are expected to participate. Eminent global speakers from all over the world would be speaking at the conference. The organisers plan to invite people from 20 countries in order to make it a big success and bring more issues of global textile industry on the platform.

Eminent expert speakers including Jin-lin Hu from Hong Kong, Sharad Kale from and Sugun from Sweden, Anagha Vaidya Soocheta from Mauritius, Francois Boussu from France, Jimmy K C Lam and many more . Panel discussions on topics like ‘Make in India and Gujarat Textile industry’ are also lined up. The conference will be represented by leading industry stalwarts, professionals, members of garment manufacturers association, among others.

Texo Trade Services has introduced a new black-backed textile that guarantees a 100 per cent block-out. Texo is a print media and textile supplier from the Netherlands. The textile, which has an optical white front, is more economical than conventional white-backed block-out textiles that require additional white coating.

The 250 gsm 100 per cent polyester knitted product is suitable for printing with direct dye-sub, sublimation transfer and UV curable inks. It is stable on any printer and has a minimal shrinkage. The product is suitable for the exhibition, stand construction, retail and catering industries. It prevents banners that are hanging on the ceiling or walls from being transparent or translucent.

The textile can be easily folded and is highly stable in length and width because it is pre-shrunk at a high temperature. It comes in seamless roll widths of 160 cm, 252 cm, 320 cm and 505 cm. It’s one of the first black-backed products available in five meters for dye-sublimation.

Demand is growing for black-backed block-out textiles because they are lightproof, whereas the print on the front can be slightly seen on the back of white-backed textiles when sublimation printed because of the sublimation ink’s migration through the coating.

American & Efird Global will buy an additional 40 per cent stake in Vardhman Yarns and Threads, which would make the US firm a majority stakeholder. Vardhman Yarns and Threads (VYTL) is a joint venture between American & Efird Global (A&E) and Vardhman Textiles. The company makes sewing and specialty threads. This strategic joint venture leverages the strengths of both companies to expand thread sales in India’s rapidly growing sewn products market and further expands American & Efird’s presence in important Asian markets.

VYTL makes sewing threads, embroidery threads and special application threads for all categories and types of apparel sewing. It has specialty threads for automotives, footwear, technical textiles etc. VYTL provides a wide range of solutions for sewing, embroidery and for special applications in clothing, home textiles and leather products. Additionally Vardhman Yarns & Threads provides value added services like thread advisory, thread consumption in a garment, thread education seminars. American & Efird is present in 44 countries and has 33 manufacturing facilities and 78 distribution points across the globe.

The Vardhman Group is a leading textile conglomerate in India. Spanning over 25 manufacturing facilities in five states, the group’s business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fiber and alloy steel.

The recent Dhaka café attack has made the cost of doing business for local apparel makers costly, though the sector has so far managed to avoid a negative impact on overseas sales. Observers say many garment exporters are now incurring additional costs on account of extra security measures needed to avert any untoward incidents and protect foreign nationals working for the apparel industry. Besides, some apparel exporters have to go abroad for negotiating their business deals with buyers as foreigners are now reluctant to visit Bangladesh in the wake of the terror attacks. A good number of factories have already installed closed circuit television (CCTV) cameras to strengthen their protective measures and those who have no such system, have started setting up the facility, informed Shahidullah Azim from Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

The additional security measures have increased expenditure, though the amount is negligible compared to export earnings. Industry feels they might see the impact of attack on export earnings, if any, after October. Currently, majority of the exporters are busy completing their shipment as there will be a week-long Eid holiday next month. Brushing away security concerns, Industrial Police (IP) director general Abdus Salam said that his unit is providing full-time security to global buyers during their stay in Bangladesh following requests from the BGMEA and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).

Switzerland-based Rieter, the world’s leading supplier of systems for short-staple fiber spinning is sponsoring the 55th ‘Man-made Fiber Congress’ to be held in Dornbirn, Austria, September 20 to 22, 2016. Rieter is supporting the event as a silver sponsor. In addition, Gunnar Johansson, Head of the Product Unit Air-Spinning at Rieter, will speak about his experiences with different PES types on the air-jet machine. Rieter is also presenting its latest know-how on processing of synthetic fibres in Dornbirn and at the ITMA ASIA + CITME 2016 in Shanghai in October 2016, where this will be a key topic.

The company develops and manufactures machinery, systems and components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all for end spinning technologies.

With 16 manufacturing locations in 10 countries, the company employs a global workforce of some 5077, about 21 per cent of whom are based in Switzerland. With growing prosperity fiber consumption per head is expected to continue to increase. Global consumption is forecast to rise from the current 80 to around 150 million tons in 2030. This increase cannot be satisfied only with cotton in short staple spinning mills. Synthetic fibers will be needed to meet the increasing demand.

And so Rieter has for many years attached great importance to this trend and taken it into account in machine development. On Rieter machines, cotton, man-made fibers and their blends can be processed. As China already now processes considerable amounts of man-made fibers, Rieter will also focus on the processing of synthetic fibers.

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