One of the biggest global PTA producers, BP said it plans to invest over $200 million to upgrade its PTA plants at Cooper River, South Carolina and Geel, Belgium. “Once completed, the investments will position these assets amongst ...
Global cotton prices which have plummeted in recent months, has triggered ‘Minimum Support Price’ measures from governments of large cotton producing countries, says ICAC. In 2013/14, the Cotlook A Index averaged 91 cents/lb, ...
Tags: Global cotton prices, cotton producing countries, Textile
Miratorg, Russia’s leading meat producer, has opened the country’s biggest beef processing complex in the Vygonichsky district of Bryansk Oblast. The complex has a production capacity of 40,000 tons per year, reports ...
Tags: meat producer, beef, Agriculture
Israeli dairy processor Tnuva is looking at the possibilities of exporting cheese to Russia, with a hope to fill in the gap created due to the one-year ban on food imports from Europe and the US. In 2013, Russia imported 250,000 tons of ...
Tags: Israeli dairy processor, exporting cheese, Agriculture
India-based freeze dried food firm Saraf Foods has announced plans to expand its production capacity by 50%, in a move to cater to the increasing consumer demand for ready-to-eat foods. As part of the expansion, the company plans to ...
Tags: freeze dried food firm, ready-to-eat foods, Agriculture
An innovative technology made headlines recently by allegedly offering users the ability to measure the quality of olive oil. The device comes from China, where there is an enormous problem with illegally reprocessed cooking oil appearing ...
Tags: olive oil, illegally reprocessed cooking oil, Agriculture
“Gulf Cooperation Council (GCC) chemical and petrochemical producers have reduced energy consumption per ton by 8% over the last two years through technical renovations,” says a sustainability report. According to the Gulf ...
Adjusted EBITDA in the third quarter of 2014, at the world’s largest producer of Methanol and Canada-based Methanex slipped 14.37% from second quarter of 2014. Methanex said adjusted EBITDA fell 14.37% sequentially quarter on ...
Tags: Adjusted EBITDA, Methanol, Textile
In October 2014, Brazil exported 148,500 tons of cotton, which is the highest monthly volume in the last two years. “This might result in a higher volume of exports in the year, than the one forecasted up until now by Conab, at ...
Tags: cotton prices, Cotton Exports, Textile
The Ho Chi Minh City (HCMC) would soon turn into Vietnam’s leading garment and textile industrial sector and is expected to support the garment and textile services in the southern region of the country, according to the plan ...
Revenue and EBITDA surged 17 and 52 per cent, respectively from a year ago quarter at the fashion and lifestyle business of Kumaramangalam Birla led, Aditya Nuvo, in the second fiscal quarter ended September, 30, 2014. Led by revenue ...
Tags: Pantaloons, Jaya Shree Textiles, Apparel
Dow Chemical said it will reconfigure and reduce its equity base in the MEGlobal and Greater Equate joint ventures, including Kuwait Olefins Company (TKOC) and Kuwait Styrene Company (TKSC). This reduction, Dow said, will be done through ...
Tags: petrochemical products, Qurain Petrochemical Industries, Textile
Bangladesh based, Far East Industries Ltd will set up the country’s first compact yarn manufacturing facility. “The plant to be set up in Habiganj will be operational in 18 months at an approximate investment of Tk 150 ...
The Société de développement du coton (Sodecoton), the Cotton Development Company of the West African country of Cameroon, would be soon starting its research to introduce genetically modified (GM) cotton in Cameroon, ...
Tags: Cotton Development Company, genetically modified(GM)cotton, Textile
In the January-September period of this year, Japan's cold rolled sheet and strip shipments decreased by 2.9 percent on year-on-year basis to 4.78 million metric tons, according to the Japan Iron and Steel Federation (JISF) data. 53 percent ...
Tags: CR Sheet, cold rolled strip