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Bangladesh is looking for Duty Free Quota Free (DFQF) access to the US. By increase its volume of trade to the US with the help of DFQF, Bangladesh feels it would be able to progress further in women’s empowerment and elimination of terrorism.
Bangladesh’s apparel exports to the US, its single largest destination, have declined 1.96 per cent year-on-year. Garments account for 95 per cent of the goods exported from Bangladesh to the US. There is a change in the attitude of US consumers, who now prefer spending more on electronic gadgets compared to clothes.
Bangladesh now faces an export duty of 15.62 per cent under America's most favored nations' category. But apparel exports from Vietnam to the US may face stricter rules as the US has abandoned the Trans-Pacific Partnership. Vietnam—one of the major competitors of Bangladesh in the US market—was supposed to enjoy a zero duty benefit as one of the member nations of TPP. After the scrapping of the TPP, the export duty of 8.38 per cent for Vietnam will remain in force. This may ultimately benefit Bangladesh.
Nine out of 10 top apparel exporting nations of the world experienced negative growth in shipment to the US in 2016. Only Vietnam's apparel exports increased 0.30 per cent year-on-year in 2016.
Dhaka Apparel Summit will take place on February 25, 2017. The event will bring together some of world's leading experts in their respective fields to share their experiences and visionary thoughts on issues pertaining to the apparel industry and ways in which the business can realize sustainable growth well into the 21st century.
The main focus will be on the apparel industry of Bangladesh, its recent transformation and suggestions to chalk out sustainable development. As Bangladesh is a part of the global apparel supply chain, global apparel issues will also be discussed. The objective is to open a dialogue on framing strategies to secure a more sustainable apparel supply chain from local and global perspectives.
Discussions will shed light on different timely issues, including the Bangladesh readymade garment industry which is at the dawn of a new era in its development, with strides being taken toward achieving sustainable targets. The summit will offer a forum to express and discuss views with a broad spectrum of proposals to further improve the industry’s sustainable credentials. It also aims to bring about various methods to achieve these goals. There will be panel discussion sessions, offering a more open and interactive environment, and allowing full audience participation and the opportunity for a valid exchange of ideas.
The market for textile chemicals in Asia is expected to exhibit a steady CAGR of 7.6 per cent during 2014 to 2020. As of 2014, textile chemicals accounted for nearly two per cent of the overall specialty chemicals market.
Textile chemicals are a class of specialty chemicals and comprise chemicals and intermediates that are used in various stages of textile processing such as preparation, dyeing, printing and finishing. These are often used to enhance or impart desired properties and color to the fabrics during the manufacturing process.
The Chinese textile chemical market is expected to grow at CAGR of 8.6 per cent. In terms of market value, India is the second largest market for textile chemicals in Asia. The Indian textile chemicals market is expected to witness a steady growth at a CAGR of nine per cent in the same period. Countries like Vietnam, Bangladesh, and Indonesia also are expected to witness relatively high growth in the textile chemicals market.
From applications perspective, the market is composed of the apparels segment, the home furnishings segment and other (technical and smart textiles) segments. The apparels segment accounts for the largest share among these segments and is slated to register a CAGR of 6.8 per cent during the forecast period.
Primark has expansion plans in Germany. The retailer opened its first store in Germany in 2009 and the country now accounts for 22 of a group total of 328 shops. It plans to expand to 29 stores within the next two years, making the country its third biggest market by selling space behind Britain and Spain.
The chain now has 1.4 million sq. ft. of space for a German population of 80 million. Primark is a UK retailer. It’s owned by the food and retail giant Associated British Foods. The only thing holding Primark back in Germany is finding large enough stores in the right locations. Primark stores are usually much bigger than those run by other fashion retailers, often sprawling over several floors and including children's wear, home furnishings and cosmetics.
Shares in AB Foods fell in January after it reported that Primark's like-for-like sales dropped in Germany and the Netherlands in the 16 weeks to January 7, hurt by a rapid increase in selling space.
But that will not stop AB Foods from expanding Primark in Germany. Sales are predicted to grow at a high single digit rate in an otherwise flat market, to reach about 638 million pounds this year.
The annual International Apparel Federation (IAF) convention will be held in Brazil on October 17 to 18, 2017. IAF is the only federation in the world that has relationships with apparel associations in over 60 countries, including the US, India, China, Germany, France, Italy, South Korea and Taiwan.
Last year’s convention was held in India. Every year, a conference is organized in an IAF member country, with the aim of discussing topics of significance for apparel production chain, such as its relations with the textile industry, with retail and with the communities where its production units are located.
The next event will discuss on: Vision of the Industry and of Retail on Social and Environmental Compliance, Government and Institutional Actions on International Compliance Demands, Influence of Social and Environmental Responsibility in the End Consumer’s Purchase Decisions, Challenges of the Industry in Transitioning to the Industry 4.0 Model, Impacts of New Technologies on Retail Operations and What Does the Fashion Consumer Really Want?
There will be a total of 18 speakers, six moderators and two keynote speakers. Brazil is the fourth largest apparel producer in the world as well as the fifth largest textile manufacturer, with the largest integrated production chain in the western world. Every year, 9.8 billion items are manufactured in the country, with around 5.5 billion being apparel items.
Archroma has been put up for sale. The company recently concluded a successful, significantly oversubscribed debt refinancing round. This success is a striking testimony to the company’s ability to deliver on its promise of profitable growth. This has led several equity funds and players to express their interest in taking a stake in Archroma at interesting valuation levels.
SK Capital Partners is the owner of Archroma. Archroma was formed by the textile, paper and emulsions businesses of Clariant in October 2013. Since then, Archroma has been growing organically. In May 2014 it acquired M Dohmen, an international group specialized in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors. In July 2015, it bought the global textile chemicals business of BASF.
Archroma is reportedly expected to reach earnings before interest, taxes, depreciation, and amortization of about CHF180 million this year. Banks are apparently working on debt packages of more than CHF900 million or more (five times more than Archroma's core earnings) to finance the deal.
SK Capital Partners is a private equity firm specializing in investing in recapitalizations, industry consolidation, businesses in transition, growth equity investments, corporate spinouts, corporate carve-outs, multinational companies, partnerships with family-owned businesses or entrepreneurs, and control buyouts in mature and middle market companies.
India is aiming at a 20 per cent increase in production and sales of khadi products over the next three years. A sum of Rs 340 crores have been allotted for setting up khadi plazas. To improve employability of trained individuals and enhance job prospects, Rs 105 crores has been provided towards technology centers to train 1, 99,500 individuals and assist 40,000 units.
A sum of Rs 1,024.49 crores has been earmarked towards the Prime Minister's Employment Generation Program for setting up 56,500 micro units and employing 4.52 lakh persons. Khadi and Village Industries Commission (KVIC) expects sales to cross Rs 5,000 crores by the end of 2017-18.
Overall sales of both khadi and village industries jumped over 14 per cent in 2015-16. Sales of khadi goods shot up by about 29 per cent in 2015-16. The KVIC is also setting up export cells to promote overseas sales of the products, which have a good demand in the countries like the US and UK. A beginning will be made with direct exports. The aim is to make khadi an international brand.
Khadi and village industries products are manufactured by about seven lakh privately-owned household units. These units are funded through schemes such as the Prime Minister's Employment Generation Program.
Production of technical textiles in Russia is expected to grow over seven per cent year on year through 2017. The technical textile and industrial nonwoven industry in Russia is currently witnessing steady growth. Russia hopes to increase its domestic production of technical textiles up to 80 per cent of the national market by 2020.
Production of technical textiles in Russia is closely based on the country’s economic benefits, and in particular lower costs compared to China and other technical textile emerging markets, thanks to Russia’s cheaper energy resources and relatively low wages in the industry. All these advantages can attract investors from both domestic and international markets.
Consumption of technical textiles in Russia will continue to grow in 2017, mainly driven by the ongoing recovery of the Russian economy from the previous financial crisis and the demand for technical textiles from major consuming industries, in particular, defense, which is one of the largest technical textile consuming sectors in Russia, consuming up to 60 per cent of domestic technical textiles production.
Russia’s leading producers in technical textiles and nonwovens have invested for expansion of production of polyamide fibers and fabrics. The country’s technical textile market was estimated at around 40 million dollars in 2016.
Lenzing is launching a dedicated denim e-commerce shop on February 15. The Tencel Denim shop will feature more than 40 denim styles that include the super-soft tencel fiber. It will showcase denim partners Bella Dahl, DL1961, Level 99, Mavi, NYDJ, and the Blue Shirt Shop.
The shop will be launched on ShopStyle, which reaches nearly 6,00,000 shoppers and influences one million dollars in retail spending each month. This is Lenzing’s first digital shop and it features new spring styles from a range of prominent US and European brands. The shop connects directly with consumers who are seeking distinctively comfortable denim products. Since Tencel is the ideal addition for consumers interested in denim breathability and softness, this campaign highlights those attributes and appeals to consumers interested in making educated buying decisions.
Denim with Tencel fiber brings comfort, nature, and technology into one product. Tencel is derived from wood pulp and is produced in closed-loop manufacturing processes at Lenzing facilities in the US, the UK, and Austria. Lenzing is a worldwide leader in wood-based fibers. It is recognized as a leader in sustainable manufacturing practices. It has been rated as number one in the world for wood procurement. The group has earned awards, labels and certifications for its environmentally and socially responsible operations and products.
"The 8th edition of Shanghai International Digital Printing Industry Fair (TPF) will open its doors at Shanghai New International Expo Centre from April 19 to 21, 2017. As the most influential digital printing exhibition in Asia, TPF 2017 will attract over 230 exhibitors. With an exhibition space of 20,000 sq. mt. this year's TPF will feature a ‘Design Pavilion’ to help accelerate development of original design. Digital printing will meet updated consumption trends as it realises the production model of small-batches with high speed."
The 8th edition of Shanghai International Digital Printing Industry Fair (TPF) will open its doors at Shanghai New International Expo Centre from April 19 to 21, 2017. As the most influential digital printing exhibition in Asia, TPF 2017 will attract over 230 exhibitors. With an exhibition space of 20,000 sq. mt. this year's TPF will feature a ‘Design Pavilion’ to help accelerate development of original design. Digital printing will meet updated consumption trends as it realises the production model of small-batches with high speed.
TPF 2017 aims at impelling the development of digital printing industry, and creating a platform for technical communication and business opportunities for both suppliers and buyers. In response to the appeal of digital printing suppliers for a talk with end-users and identification of needs and expectations of designers and consumers, TPF will join with Walan to introduce the ‘Design Pavilion’ to connect all important points in the supply chain.
Walan provides advanced services for all key segments of original design. Walanwalan.com is the largest service platform for digital design; Walan Institute is a professional open-ended class, and Walan is also a trade base for Jiangsu copyright licensing, in the form of a company named Jiangsu Walan Intellectual Property Co., Ltd, which defines its strategic goal of convenient, efficient and affordable to provide services in all design copyright area. Yu Guoping, GM, Walan says, "Copyright protection boosts prosperity of originality, and prosperity of originality boosts the industry. In order to avoid the malignant price war in the saturated digital textile printing market, we focus on cultivation of more Chinese designers and protection of picture patents in China to speed up fabric development and improve market competitiveness."
First appearance of design pavilion
The Design Pavilion led by Walan will have its first show at TPF 2017. More than 10 printing design studios will attend TPF 2017 covering more than 180 sq. m. Among them are Anterprima and STD (Korea) who will display fashion and attractive designs. ‘Walan Institute – Digital Design Master Class’, organised by Walan Institute, walanwalan.com and UBM China will be held during the exhibition. Experts will share their views on hottest topics; the Director of Anterprima, Chiara will deliver a speech on printing design and fashion industry and Jin Nanyuan, VP, Walanwalan.com, will discuss training practice of Chinese designers. insA lively hand-drawing will showcase onsite, and is expected to attract a lot of attention.
The Organisers
Walan established in 2012, has attracted more than 30,000 customers from 11 countries and more than 3000 pattern design studios at home and abroad with its "on-line fitting", "image identification", "copyright registration", and "Walan Institute". It helps customers accelerate fabric development efficiency and reduce development costs. It also supports designers to realize the free design and to start their own business. In September 2015, Transfer Chemicals (002010) implemented 28 million strategic sharing investment, committed to build the world's leading pattern designing service platform.
UBM China (Shanghai) is committed to building the trade platforms for specialized communities through exhibitions and conferences targeting children, baby and maternity products, game developers, marketing professionals, telecom engineering management, ecommerce specialists, pharmaceutical companies and logistics managers.
