Textile mills, either in India, Pakistan or Bangladesh, do not seem to be scrambling to book cotton stocks in advance despite reports of a fall in cotton production in India and Pakistan, both major cotton producing countries. According ...
Tags: textile mills, cotton stock, SIMA, CITI, textile
WASHINGTON — November 19, 2012 — NCTO Executive Committee Member and CEO of Frontier Spinning Mills, John Bakane was recently appointed to serve as the U.S. textile industry representative on the Export-Import Bank (Ex-Im Bank ...
Tags: NCTO, EX-IM BANK, Cone Denim, textile industry
Being no more in a condition to stand the losses stemming from severe power shortage, Andhra Pradesh (AP) ginning mills plan to cease operations from November 5. Power crisis in the state have reached to their zenith, making it ...
Tags: cotton, textile, spinning mill, power shortage
The new textile policy announced by the Government of Maharashtra earlier this year has so far attracted about Rs. 38.34 billion in investments, state Textile Minister Arif Nassem Khan has said. Speaking to reporters after reviewing ...
Tags: Maharashtra's, Textile Policy, Arif Nassem, implementation process
A new edition of the unique Uster Statistics quality benchmarks is to be releasedat the end of this year. Over the past 55 years, Uster Statistics have earned legendary status throughout textiles – and its value is more significant ...
Tags: Uster Statistics, textile trade, yarn
More than 50 spinning mills from the South Indian textile hub of Coimbatore have come together to source quality cotton at lower prices. These companies have together floated the Cotton Sourcing Company (Cosco), which is expected to ...
Tags: textile hub, COSCO, spindle
In order to ensure stability in prices of cotton, the South India Spinners Association (SISPA) has called on the Government of India to keep a minimum stock of cotton, prior to permitting exports. The association also urged the Centre ...
Tags: SISPA, spinner, TUFS, cotton stock
The Government of Tamil Nadu has announced a 20 percent subsidy to spinning mills and cotton yarn manufacturers. Chief Minister J Jayalalithaa said the subsidy will cost Rs. 120 million per annum to the state exchequer. She said ...
Tags: spinning mills, cotton yarn, cotton, textile
Victoria PLC reports the following update on trading for the six months to 29 September 2012 ahead of its Half-yearly results to be announced in mid-November 2012. Trading throughout the Group has been satisfactory, particularly in the ...
Tags: Victoria PLC, breakeven outcome, wool, wool-rich carpets
Rise in demand for textile items has helped spinning mills in India to attain break-even, following which the mills are once again showing signs of revival. Speaking at the 53rd Annual General Meeting of South India Mills' Association ...
Tags: textile items, break-even, SIMA
Rieter Group releases result for the first half of 2012. Higher order intake than in the second half of 2011 – lower sales, as expected – profitability reduced by lower volumes and the investment program – investment ...
Tags: market view, Textile machinery