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Textiles

Textiles (135)

Digital printing grows at 16 per cent

The global digital textile printing market is projected to expand at a compound annual growth rate of 16.3 per cent during 2018-2027. Taking the lead will be the Asia Pacific region (excluding Japan), whose growth will be mainly attributed to contributions from emerging economies, such as India and China. This region is characterized by a robust political, demographic, and economic ecosystem of the leading emerging economies; and a rapidly growing digital textile printing industry in the region will lead to optimum growth levels in the coming decade.

China is expected to be at the forefront, spearheading the growth. The Chinese digital textile printing market has witnessed rapid growth in the past couple of decades. End user sectors of digital textile printing, such as food and beverage, personal care, pharmaceuticals and automotive, are increasingly adopting digital textile printing on their sales promotion devices. Growing promotional activity has increased the growth of the digital textile printing market.

Revenue from digital textile printing in North America is estimated to account for over 43 per cent of the global digital textile printing market revenue in 2018. Key players in this market include Durst, Seiko Epson, Roq, Konica Minolta, Kornit Digital, Mimaki, Sawgrass Technologies and the M&R companies.

Cotton industry experts say, the cotton season in Gujarat is likely to affected due to irregular rains. The season is likely to begin a month late. Even the plants are likely to be smaller than the normal. Some places in the state received high and some had poor rains. This has affected the growth of cotton plant.

As per the data of Gujarat Agriculture Department, cotton sowing in the state has reached over 2.71 million hectares, about 2.33 per cent higher than last year’s 2.65 million hectares. Though, sowing has increased, it is much lower than industry expectations. Normally, the new cotton season in Gujarat begins in October and ends in September every year, but this time the season is likely to start from October end or in November due to abnormal monsoons in the state.

 

Turkey textile exports up eight per cent

Turkey’s exports of textiles and raw materials increased by eight per cent in the first half of 2018.
Exports to Italy, the most important export market for Turkey in this sector, rose by 5.8 per cent. Exports of textiles and raw materials to Germany, the second important market, were up 8.3 per cent compared to the same period of the previous year. Exports to Bulgaria, the third major export market, declined by 13.7 per cent.

The most exported product in the first half of 2018 was woven fabrics. Woven fabric exports increased by 8.3 per cent compared to the same period of 2017. The second most exported product was yarn, which constitutes 18.1 per cent of total textile exports from Turkey. Exports of the third important product group, knitted fabrics, increased by 2.3 per cent. Turkey is one of the world's leading manufacturers of knitted fabrics. Fiber exports, the fourth most exported product group, increased by 16.9 per cent.

Turkey’s technical textile exports increased by 20.1 per cent.

As Turkey’s textile exports grow, the country’s textile manufacturing companies will have to upgrade their machinery, parts and components, as well as the manufacturing processes. Turkish textile companies are also being encouraged to consider technical collaboration with foreign partners.

Oerlikon Q2 sales up 36 per cent

For the second quarter, Oerlikon’s order intake increased year-on-year by 26.8 per cent while sales went up by 36.6 per cent. Ebitda for the second quarter corresponded to a margin of 17.1 per cent. Ebit was 10.8 per cent of sales. The second quarter performance resulted in an improved rolling 12-month return on capital employed of 10.7 per cent. In the first half of 2018, the group’s order intake increased year-on-year by 35.4 per cent while sales came in 38.5 per cent higher than the prior year.

With top-line increase, ebitda for the half year corresponded to a margin of 16.4 per cent. Ebit was 10.1 per cent of sales. Net income for the first half of the year increased significantly by 136.2 per cent year-on-year. In the first six months of 2018, Oerlikon’s service business contributed to 39 per cent of total group sales. Based on the strong set of results in the first half of 2018, Oerlikon is confident it will be able to sustain growth and is thus raising its outlook for the year.

For the full year 2018 continued operations, group ebitda margin is expected to exceed 15.5 per cent after accounting for increased operating expenses from higher investments.

 

As per an analysis of Textile Beacon’s Fibre to Yarn Trade Statistics – India’s exports of polyester and its blended yarns, over the past five months, have recorded year on year increase of over 50 per cent in value terms. Growth had almost doubled in March this year.

The average price realisation of spun yarns between June 2017 and June 2018 increased almost US cents 10 a kg, from $2.74 a kg to $2.83 a kg. The highest US cents 15 was in case of 100 per cent polyester yarn, US cents 11 in poly-cotton and US cents 7 in poly-viscose yarns.

In June, India exported 100 per cent polyester yarns worth $11.5 million to 49 countries at average unit price of $2.49 a kg with volume at 4.6 million kg. During the month, 9.8 million kg of PC yarns was exported worth $27 million while 4.7 million kg of PV yarns were exported worth $14 million. Globally, Turkey is the largest importer of polyester yarn, followed by Brazil and US. Bangladesh, Colombia and Egypt are the largest importers of PC yarn from India while Turkey is the single largest importer of PV yarns from India followed distantly by Pakistan.

 

Australian brand Toorallie, is emerging as one of the bright stars of Australia's wool industry and it is the younger consumers who are propelling its growth. Run by two identical twins Simon and Steve Smith, Toorallie is well aware of this emerging market.

The brand flourished for a decade — making colorful, bulky knit jumpers and classical knitwear. But by 2004, cheap Chinese clothes were flooding the Australian market. Sales of woollen clothing had stagnated. Fashion, ever fickle, had moved on. The business collapsed under a mountain of debt. But Steve and Simon Smith had devoted their prime years to the brand and never considered walking away.

The brothers brokered a business partnership with Peter Small, a veteran woolgrower who had spent decades processing Australian wool into fine yarn. Small became a co-owner with two other silent partners and the re-born Toorallie has gradually gone from strength to strength.

The company now supplies more than 250 retail outlets in Australian and New Zealand markets. All its fleeces are sourced from Pooginook, a famed wool growing property near Jerilderie in southern New South Wales. The Smith brothers are excited about the growth prospects for Merino clothing, domestically and in emerging markets such as the Asian middle class.

 

Coats, the world’s leading industrial thread manufacturer and a major player in the America’s textile crafts market, has entered the FTSE4Good UK Index. The company scored especially highly on the metrics around governance, particularly corporate governance and anti-corruption. Coats’ entry to the FTSE4Good Index comes after its entry to the unrelated MSCI Global Small Cap Index in May 2018. Additonally, in June 2018, Coats marked the one year anniversary of its re-entry to the FTSE 250, having been a founding member of the FT 30 index in 1935.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices which are clearly defined and transparently managed. It is used to create financial products which focus on sustainable investment as well as for benchmarking, research and reference.

 

After years of stockpiling cotton, China is re-emerging as a major consumer of US cotton. This shift together with poor growing conditions in Texas has sent prices surging to a six-year high. The world’s most populous nation has purchased futures contracts covering more than 3,61,000 bales of US cotton for 2019-20. That is enough to make 400 million T-shirts. China has never booked that much cotton that far in advance at this time of the year, in data going back to 1998.

China is the biggest taker of forward sales. China’s return to global cotton markets is likely to mean a period of higher prices for a fiber used in most apparel, textiles and upholstery. It is also a boon to US producers who have long labored under a market whose prices investors perceived to be capped by China’s cotton stores, which for years have accounted for more than half of all global stocks.

The shift has revived interest in markets that were until recently seen as being overshadowed by Chinese policy. Open interest has reached all-time highs for this time of the year. China intends to raise cotton import volumes, a move that could increase Chinese purchases of American fiber.

The International Conference of the European Industrial Hemp Association (EIHA) will be held from June 12-13, 2018 in Cologne, Germany.

Around 350 participants from 40 countries are expected to participate in the event that will discuss the latest developments from all areas of the hemp industry – from seeds to the end product. Around 20 exhibitors will present their latest technologies and products in the event.

A major highlight of the conference will be an innovation award for the Hemp Product of the Year, presented for the first time ever. This award will honor three products – each from the areas of food, cosmetics and biocomposites. Participants will select the winners per category based on a short introduction of the products. The award winners will then be announced during the dinner ceremony.

The event will be organised by the German nova-Institut in close cooperation with the European Industrial Hemp Association. The day before the conference, EIHA will host expert workshops for members, meet representatives from Canada, USA and China.

 

Turkey to host a four day ITM in 2020

International Textile Machinery will be held in Turkey, June 2 to 6, 2020, starting on June 2, as additional day, instead of June 3.

This is a textile machinery show. The event displays textile equipments and products, textile related software and solutions and other products and services. It gathers together some of the most important manufacturers of textile machinery from Turkey and around the world.

ITM is a showcase for weaving, printing, digital printing, flat and circular knitting, weft and warp knitting, spinning, winding, twisting, texturing, hosiery, quilting, dyeing and finishing machinery, textile chemicals, lab equipments, compressors and generators. The show held in April 2018 achieved great global success. There were foreign visitors from 94 countries, a high number of domestic visitors, an increase in the number of machines exhibited and a rise in the dimensions of exhibitor booths. Both national and international companies made sales of millions of euros. Hundreds of various business connections were established. Over 1150 textile technology manufacturers and company representatives from 64 countries participated at the exhibition and exhibited their products and technologies.

Most textile machinery manufacturers in Turkey range from small to medium sized companies. The line of textile machinery products manufactured by Turkish companies varies substantially from highly automated equipment to basic models. They have competence in most machinery categories such as atmospheric jet dyeing or blow dyeing.

 

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