The manmade fibre (MMF) segment needs to grow substantially if the Indian textile industry has to achieve a turnover of US$ 350 billion by 2025, according to Prem Malik, chairman of Confederation of Indian Textile Industry (CITI). ...
Tags: textile machinery, cotton prices, Textile
The Government of Gujarat has extended full support for growth of textile machinery show ITMACH India, currently ongoing in Gandhinagar. Speaking at the concurrently held international textile conference ‘India – ...
Tags: textile machinery, Textile
The Confederation of Indian Textile Industry (CITI) has requested the Government to reduce the excise duty on all man-made fibres and filaments, as also their raw materials from the current 12 per cent to 6 per cent. In a pre-Budget ...
Tags: man-made fibres, Apparel, Textile
Despite posting higher sales in the third fiscal quarter ended November 1, 2014, NASDAQ listed, apparel retailer Citi Trends, booked higher losses, from the year earlier quarter. Citi Trends said its sales for the third quarter of 2014 ...
Tags: Citi Trends, store sales, Apparel
PPG Industries Chairman and Chief Executive Officer Charles E. Bunch will present at the 2014 Citi Basic Materials Conference in New York on Tuesday, Dec. 2, at 8:45 a.m. ET. Bunch will discuss PPG’s strategic initiatives and ...
Tags: Citi Basic Materials, Construction
The Confederation of Indian Textile Industry (CITI) said that in the highly labour-intensive textile sector, rigid labour laws have been a major hindrance to investments and scaling up of production facilities. Prem Malik, Chairman, CITI ...
Tags: Textile Industry, textile sector
The rains have been abundant in most of the cotton growing areas. However, in certain parts of Rajasthan and Haryana, there may have been some damages to the cotton crop, informs the latest fortnightly report from the Indian Cotton ...
Tags: Cotton, rains, Cotton prices
The Confederation of Indian Textile Industry (CITI) has predicted that there would be an increase in the demand of Indian textiles in the domestic and global markets. In a statement, CITI chairman Prem Malik said there was a decline in ...
The Confederation of Indian Textile Industry (CITI), the apex industry chamber of the textiles and clothing industry of India, is organizing the 8th Asian Textile Conference (ATEXCON) on the 22nd and 23rd of September in Mumbai. The ...
Eastman Chemical Company has entered into a definitive agreement with Taminco Corporation under which Eastman will acquire Taminco, a global specialty chemical company. Under the terms of the agreement, Taminco stockholders will receive ...
An agreement has been reached to create the world’s third largest quick service restaurant company, merging North American-based beverages and baked goods restaurant Tim Hortons Inc. (Tim Hortons) with global burger restaurant Burger ...
Tags: Burger King, Tim Hortons, fast food
Citi Trends, a value-priced retailer of urban fashion apparel and accessories reduced its net loss by more than 50 percent from a year earlier in the second fiscal quarter ending August 2, 2014. In the second fiscal quarter of 2014, net ...
Tags: Citi Trends, Loss
“The recent downfall in the prices of cotton at the global level is a major threat and to add fuel to the fire, the curtailment of import of cotton and yarn by Chinese has only added fuel to the situation”, said a top official ...
Tags: Downtrend, Apparel, Accessories
The proposals in the Central Budget 2014-15 presented to the Parliament by the Hon’ble Finance Minister Shri Arun Jaitley are a “mixed bag” for the textiles industry according to Confederation of Indian Textile Industry ...
Tags: Budget Proposals, industry, Textile
The proposals in the Central Budget 2014-15 presented to the Parliament by the Hon’ble Finance Minister Shri Arun Jaitley are a “mixed bag” for the textiles industry according to Confederation of Indian Textile Industry ...
Tags: Budget Proposals, Apparel, Accessories