FW
As per the International Textile Machinery Federation (ITMF), shipments in most of the textile machinery segments experienced declines in 2014. Deliveries of new short staple spindles in 2014 fell by 15 per cent as against 2014 while long staple spindles and open-end rotors increased by 70 per cent and 2.6 per cent respectively.
The number of draw-texturing spindles grew by close to 12 per cent year on year in 2014 and shipments of shuttle-less looms dropped by 14 per cent over 2013.
Shipments of large circular knitting machines in 2014 also declined 22 per cent over its previous year. In contrast, shipments of flat knitting machines surged by 31 per cent.
Shipments of new short staple spindles fell by 15 per cent year-on-year in 2014 and more than reversed the increase of 10 per cent in 2013.
Most of the new short staple spindles were shipped to Asia, where shipments fell by nearly 17 per cent over 2013. Four of the five largest investors for short staple spindles are from Asia.
The world’s largest investor of short staple spindles, China, experienced a decline of nearly 29 per cent, but shipments to Turkey, the fourth largest investor, increased by five per cent in 2014.
Denim Premiere Vision was held in Spain, May 27 to 28. It welcomed 97 exhibitors and a pool of visitors from 60 countries. Mills were eager to promote their innovations for the autumn/winter ’16-’17 season, with conversations generally leading to the hand feel, stretch and sustainability of their products.
While fashion trends veered toward shine, glitter and leathery textures, mills continued to get high marks for soft finishes. Italian mill Niggeler & Kupfer is experimenting with flocked Tencel on women’s fabrications for a lush and opulent look.
For a smooth hand feel, Artistic Denim Mills used a spun polyester yarn—instead of a filament—for a range of hyper stretch denim. The appeal of soft and luxurious denims has evolved into denim collections that feel cozy.
Men’s stretch denim continues to be a conundrum for mills as the market demands fabrications with an authentic appearance. Men want it to look like denim. Orta is betting on its D-Craft collection of mono-stretch denim to answer the demand for rigid-looking denim. The fabrication has a slubby, cross-hatch, salt and pepper look associated with authentic denim.
Sustainable denim is top of mind for many mills. AFM is introducing recycled denim made using plastic water bottles.
denimpremierevision.com/
Gar Tex Show 2015 is being held in Bangladesh on June 11, 12 and 13.This is a garment, textile machinery and equipment fair. Entrepreneurs from six countries, including Bangladesh, are participating in the fair.
About 140 stalls have been set up to showcase the latest garment and textile machinery and technology.
Among the exhibits are automation systems, unit production systems, finishing, fusing, pressing, ironing and steaming equipments, sewing machinery, testing equipment and controls, embroidery equipment, spinning machinery and accessories, steaming machinery, textile screen printing machinery, weaving machinery and accessories, winding machinery, yarn processing.
Visitors are garment, knitwear, textile and leather goods manufacturers, design studios and institutes, apparel brands and labels, buying agents, fashion designers and merchandisers, distributors and agents of textile and garment machinery and accessories, CEOs, engineers and technocrats.
Bangladesh wants to make the garment and textile sector a leading one in the world. The government will provide all necessary support to make this sector more vibrant. It will also continue to make available modern technologies and machineries related to this sector.
The textile and garment industry has been playing a leading and growing role in the Bangladesh economy. World-wide textile and readymade garment players are taking an interest in Bangladesh in their investment planning.
www.tradefairdates.com/The-GarTex-Show-M11818/Dhaka.html
Apparel Training & Design Centre (ATDC), India’s vocational training provider for the apparel industry was awarded the ‘Best Training Institution-National’ by Franchise India at ‘Indian Education Awards 2015’ on June 10 at a function held in Taj Vivanta, New Delhi. ATDC has been selected for this award for its contribution to large scale quality skilling of Indian youth specially women in rural and semi urban areas for meeting the rapidly changing skill requirements of apparel sector with real time industry relevant skill modules and new learning solutions.
With its training programs, the institute has succeeded in providing wage employment for youth specially women having dedicated verticals to work with Ministry of Textiles for ISDS Project, DGE&T, Ministry of Skill Development & Entrepreneurship, for longer duration vocational courses and AICTE, Ministry of HRD and RGNIYD, Ministry of Youth Affairs & Sports for B. Voc. Courses.
ATDC is being recognized nationally for its innovative training initiatives like creation of brand ‘SMART’ (Skills for Manufacturing of Apparel through Research & Training), Launch of ATDC-JUKI Tech Innovation Centre, ‘Product Specialty Centers’, and so on. Today, ATDC is a largest vocational training provider for the apparel sector in the country with about 176 ATDCs including 65 ATDC vocational institutes, about 115 ATDC-SMART Centres offering state-of the- art vocational programs in India. ATDC has also received the ASSOCHAM Award for ‘Best Institute: Innovation 2015’ and ‘Best Vocational Institute 2014’ and is also a recipient of UK-India Skill Forum Award in 2011.
The 22nd Hong Kong Fashion Week for Spring/Summer is scheduled for July 6 to 9, 2015 at Hong Kong Convention and Exhibition Centre. The event promises to explore creativity at its best. Apart from around 1,200 exhibitors from 16 countries and regions, the fashion week covers various events that will further enhance the breadth and depth of the fair itself, including fashion parades, house shows, demo sessions, seminars, forums and networking sessions.
Total of six house shows will be staged during the first three days of the fair, in which numerous emerging designers’ and students’ creative collections will be highlighted. These include: School of Continuing & Professional Studies, The Chinese University of Hong Kong and Hong Kong Raffles School of Continuing Education as well as a couple of Designers’ Collection Shows.
The two designers’ collection shows feature local designers plus regional artists from Australia, the Chinese Mainland and India. House of V, a made-in-Hong-Kong fashion label guided by the most basic unit of design that strives to create minimalist yet elegant fashion will present its simplistic design with carefully crafted details to show off its sartorial harmony. Dubai fashion label Anjali K Couture, by Indian designer Anjali Khushalani, encompasses contemporary styles and eclectic blends of Indian culture with modern fashion. It will rock the stage with its intricate embroidery, opulent fabrics and creative silhouettes.
For the very first time, the HKTDC and the Hong Kong Research Institute of Textiles and Apparel (HKRITA) will organize a full day ‘Innovation and Technology Symposium 2015’ on the second day of fashion week, showcasing the latest development and application of innovative research and sustainable solutions. Leading researchers will share their breakthroughs in wearable technology, while business leaders will talk about their cutting edge solutions. Besides, top trend forecasters such as WGSN and Fashion Snoops will speak at seminars, with the former unveiling its macro trends for Autumn/Winter 2016/17, while the latter will decipher the impact of AW 16/17 lifestyle trends on womenswear and menswear.
To optimise buyers’ sourcing , various theme zones are designed according to different fashion categories. The special zone International Fashion Designers’ Showcase where innovative garments are featured will gather over a hundred exhibitors this year. In 2014 edition, the Hong Kong Fashion Week for Spring/Summer featured more than 1,200 worldwide exhibitors, welcoming nearly 17,000 buyers from 71 countries and regions.
Pakistan's yarn merchants say the sales tax on yarn and cloth is harmful. The budget has increased the sales tax on yarn and cloth to three and five per cent from two and three per cent.
Mills say the textile sector is already heavily burdened and imposition of an additional sales tax on yarn and cloth would crush this sector. Cheap yarn imports from India and cheap cloth exports from Russia are damaging the local markets and local industry is unable to compete because of rising input costs.
The country’s textile exports have been continuously sliding for the last 11 months by seven per cent. The textile sector earns more than 50 per cent of the foreign exchange for the country and provides employment to 40 per cent of the workforce.
Yarn and cloth are the base of the textile industry in Pakistan and these constitute the basic raw material for sizing, power looms, printing, processing, made-ups and garment sectors. The yarn and cloth sectors provide employment to a huge section of the workforce.
Additionally Pakistan’s textile sector is confronted with a huge energy crisis, which has led to a huge fall in the productivity of the industry.
The Indonesian textile industry is facing weak sales and rising production costs.Rising costs, especially in electricity, have impacted the local textile industry, which also faced pressures from rupiah depreciation as half of its raw materials are imported.
Indonesia’s economy decelerated to 4.71 per cent year-on-year in the first quarter, its slowest pace in nearly six years, partly due to lower domestic consumption, while recently rupiah and stock prices weakened amid growing concern that the surge in inflation last month would further damage the country’s economic outlook.
West Java is the largest contributor to national textile production with 49 per cent while Jakarta and Banten contribute 16 per cent, Central and East Java 14 per cent each and the remaining three per cent comes from other regions.
To compete with imported products, the industry is looking for a way to decrease electricity costs. It also wants government spending, especially for infrastructure and villages, to be accelerated for disbursement.
Robust economic growth and rising purchasing power are making Indonesia an attractive market for textiles and clothing. Both local and foreign companies are vying for market share. However rising costs are giving domestic producers a hard time as they try to fend off overseas competition.
The combined ITMA and CITME show will be held October 21 to 25, 2016, Shanghai, China. The show is the leading marketing platform for textile machinery manufacturers seeking to tap the China market. It is expected to take up 1,80,000 square meters with participation from some 1,600 exhibitors. The combined show has been taking place since 2008 in China. It takes place every two years.
The event features the unique strengths of the ITMA brand and China's most important textile event, CITME. The move to combine the two shows into one mega high-quality event is supported by all nine European textile machinery associations, the China Textile Machinery Association and the Japan Textile Machinery Association.
The fifth edition of the combined show to be held in October 2016 will have a huge showcase of cutting-edge solutions for textile makers and the exhibition has been showcased by product category for the convenience of visitors. The event has stringent controls in force to protect intellectual property and strong support from all major trade associations around the world.
The last ITMA plus CITME show in 2014 grossed 1,50,000 square meters. There were around 1,600 exhibitors from 28 economies taking part in the exhibition. The show attracted a trade visitors number of around 1,00,000 from 102 economies.
Asia is the world’s largest textile machinery market and China accounts for more than half of the total textile and garment machinery installed during the last ten years.
www.itmaasia.com/
The research division of rating agency Crisil expects the roll-out of goods and services tax (GST) to reduce logistics costs of companies producing non-bulk goods by as much as 20 percent. The savings will accrue from a gradual phasing out of central sales tax (CST), consolidation of warehouse space and faster transit of goods since local taxes (such as Octroi and local body tax) will be subsumed into GST, Crisil Research said.
However, to maximise benefits from the rollout of GST, complete phasing out of CST (currently paid for inter-state movement of goods) and dismantling of state-level check posts are imperatives, Crisil Research said. “To get states on its side, the government has proposed allowing states to levy an additional tax of 1 percent on supply of goods in lieu of CST for two years. We believe this is against the core principle of GST, and will defer full benefits of the rollout. This will also delay the dismantling of check posts so critical to ensure faster transit of goods,” Crisil said.
“Manufacturers of non-bulk goods spend about 5-8 percent of sales on logistics. GST will save warehousing costs of 1-1.5 percent of sales in 3-4 years. Eliminating check-post delays will yield additional savings of 0.4-0.8 percent, thus taking overall savings to 1.5-2 percent of sales,” said Prasad Koparkar, senior director, Crisil Research.
metakey:crisil,gst
Bangladesh's readymade garment exports to the US are losing competitiveness due to the hike in production costs.Readymade garment manufacturers have attributed the political unrest and safety inspection launched by the global retailers’ platforms, Accord on Fire and Building Safety in Bangladesh and Alliance for Bangladesh Worker Safety.
Productivity of Bangladeshi workers is lower than that of competitors and the devaluation of the euro against the dollar has worked as a catalyst to lower growth. On the other hand, compliance has increased production costs, which has led the country’s garment manufacturers to lose their competitiveness in the global market.
Though production cost has risen the product price has not increased. This also makes the sector less competitive and lose market share. So garment manufacturers are introducing production engineering and automation to reduce production cost and enhance productivity to tackle the situation. They have also urged the government to provide policy support to reduce production costs.
Readymade garment exports to the US market from Vietnam also increased by 16.5 per cent while India’s exports grew by 9.82 percent. China, the global leader of apparel manufacturing, lost its share in the US market, which was captured by Vietnam, Bangladesh and India in recent times. China’s export to the US market rose by over one per cent.
