Nigerian President Goodluck Jonathan performed the groundbreaking ceremony for the construction of a methanol plant in Ibom State last week. The methanol plant, to be constructed at a cost of US$ 1.5 billion, is being set up by Quantum ...
Tags: The Methanol Plant, Quantum Petrochemical Company, Textile
Bangladesh-based denim fabric producer Envoy Textiles Ltd. is planning to set up a yarn spinning unit, 80 percent of which will be used for internal consumption, with the rest to be sold in the open market. The spinning unit, to be set up ...
Tags: Envoy Textiles, Yarn Spinning Unit, Textile
Cotton farmers in Swaziland, located in the Southern part of the African continent, have been paid E9 million for their harvest, which is more than the expected amount, as they still continue to prepare their harvest for collection, ...
Tags: Cotton Farmers, Harvest, Textile
Cambodia successfully hosted the 4th International Textile and Garment Industry Exhibition (CTG 2014) this month at Phnom Penh’s Koh Pich Convention and Exhibition Center. The event was organized by Yorkers Trade & Marketing Service ...
To stop countries exporting to the US from purposefully devaluing their currencies to boost their exports and in turn block imports, US trade bodies called upon lawmakers to adopt legislation to stop these practices. The National Council ...
The CIF Bremen Cotton Index continued to move more or less sideways this week. Spinning mills were carefully watching the market development, but the uncertain price outlook kept many of them away from buying. This week, only a few ...
Tags: Bremen Cotton Index, Move Sideways, Apparel
Iconic US apparel brand Gap is partnering with Arvind Lifestyle, a subsidiary of Arvind Limited, one of India’s largest textile companies. The first stores are expected to open in India’s two largest cities, Mumbai and Delhi, ...
Tags: GAP, Arvind Lifestyle, Apparel
Molo announced that Le Bon Marché Rive Gauche in Paris has a beautiful, new long-term installation created with white textile softblocks. The installation, which is appears on the second floor of the renowned Parisian department ...
Tags: textile softblocks, Furniture
Packaging company Coveris has acquired UK-based flexographic print specialist Learoyd Packaging for an undisclosed amount. The acquisition is expected to support and strengthen Coveris' UK flexible packaging offering through advanced ...
Last year at this time, the US cotton trade had sold around 6 million bales from a 12.91 million bales crop. This year, the US is estimated to produce 13 million bales, but till date; just a little over 3 million bales have been sold, ...
Tags: US Cotton Trade, Bales, Textile
Reliance Industries Ltd (RIL), India’s biggest private sector company, is implementing a project to source 1.5 MMTPA of ethane from US to feed its crackers in India. RIL has executed storage and capacity agreements for liquefaction ...
Tags: RIL, 1.5 MMTPA of Ethane, Textile
POINT 3 Basketball, a performance apparel brand dedicated to innovating on behalf of basketball players worldwide, announced that the company has been granted U.S. Patent 8,769,716 on its invention of DRYV Moisture Control Technology. DRYV ...
Tags: Point 3 Basketball, Bags, Apparel
In order to sustain the employment of people working in the textile and apparel industries in Nicaragua, the Nicaraguan Association of Textile and Apparel (Anitec) is ardently attempting to attract new investors, according to an El Nuevo ...
Tags: Anitec, New Investors, Textile
The apex bank of Bangladesh has extended its refinancing scheme of easy loans to the garment sector for improving safety standards in garment production units. This loan upto Taka 10 million, which can be borrowed from commercial banks or ...
Tags: Bangladesh, Safety, Apparel
WebLinc, a technology provider of ecommerce platforms for online retailers, raised $6 million Series A financing from NYSE-listed Safeguard Scientifics, Inc in a bid to fuel an aggressive growth trajectory. During the second quarter of ...
Tags: Textile