Global yarn production improved 30% q-o-q in Q1: ITMF

2017/07 28 13:07

In the first quarter of 2017, global yarn production rose by almost 30 per cent quarter-on-quarter mainly due to the 31.8 per cent increase in Asia. In North and South America yarn production increased by 13 per cent and 3.5 per cent, respectively, the International Textile Manufacturers Federation said in its July report on global […]

Intertextile Shanghai to see buyers from 100 countries

2017/07 28 13:07

Courtesy: Messe Frankfurt Suppliers from over 25 countries and trade buyers from around 100 countries will attend the Intertextile Shanghai Apparel Fabrics, a grand show of global apparel fabrics and accessories, to be held in October 2017 in Shanghai. Occurring towards the end of the autumn/winter sourcing period, buyers will come to the fair well […]

Fashion business records 14% organic growth at LVMH

2017/07 28 13:07

Courtesy: Louis Vuitton TheFashion & Leather Goodsbusiness group recorded organic revenue growth of 14 per cent in the first half of 2017 at LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group. On a reported basis, revenue rose 17 per cent and profit from recurring operations was up 34 per cent. The Group’s […]

India becomes US’ 9th largest trading partner in 2016

2017/07 28 13:07

US merchandise trade with India, 2012–16; Courtesy: USITC In 2016, India became the United States’ 9th-largest single-country trading partner (based on two-way merchandise trade), rising from 10th-largest in 2015. US two-way merchandise trade with India increased 2.2 per cent to $67.7 billion in 2016, the United States International Trade Commission (USITC) said in its ‘The […]

GST will lead to further increase of MMF prices

2017/07 28 13:07

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not fibre-neutral. The textiles industry faces a unique issue in the presence of a differential duty structure both in different fibre value chains and within specific value chains too. This situation was prevalent in the earlier tax regime and is still relevant […]

Kering completes first edition of Accelerator programme

2017/07 28 13:07

Courtesy: Kering Kering, a global luxury group, has announced the graduation of its inaugural batch of the accelerator programme, an alliance with Fashion for Good and Plug and Play, a global innovation platform. The accelerator identifies innovative start-ups in sustainable fashion and supports them in scaling-up their technologies, methodologies, and business models. The partners aim […]

GST Council forms selection committee to appoint members

2017/07 28 13:07

The GST Council has formed a selection committee under the chairmanship of cabinet secretary to identify and recommend eligible persons for appointment as the chairman and members of the National Anti-profiteering Authority under GST. The authority is tasked with ensuring benefits of a reduction in tax on supply of goods or services flow to the […]

Guwahati to host National Handloom Day celebrations

2017/07 28 13:07

Guwahati will host the National Handloom Day celebrations on August 7 for the first time with handloom products by artisans from the seven north eastern states all coming for display. The day will also see a fashion show. The development is part of the new focus on the north east by the government which wants […]

Creative Ticking launches cooling technologies for bedding

2017/07 28 13:07

Creative Ticking, producer of quality knit fabrics for bedding market, has launched new cooling technologies for bedding – Kyla and Kyla+. Designed under the Kyla brand name, these fabrics offer the most variety in cooling levels and have been created by using the most up-to-date methods. Kyla treatments are developed using Phase Change Materials (PCM). […]

Manhattan Beachwear partners F1-Generation GmbH

2017/07 28 13:07

Courtesy: Manhattan Beachwear Manhattan Beachwear Inc, one of the largest swimwear manufacturers in the US, has announced a partnership with F1-Generation GmbH to represent Manhattan Beachwear's brand portfolio in all 23 major EU territories. F1-Generation will represent the firm’s 16 proprietary brands, initially launching Lauren Ralph Lauren and Polo Ralph Lauren at Paris Swim Show. […]

Clariant, Huntsman present update on planned merger

2017/07 28 13:07

Clariant and Huntsman Corporation have presented a first update on the planned merger of equals to keep their shareholders informed. The preparations to create HuntsmanClariant, a leading global specialty chemicals company, are showing continued strong progress and are proceeding as planned with an unchanged closing targeted for December 2017/January 2018. Clariant and Huntsman have agreed […]

Cordura to show fabric technologies at Outdoor Retailer

2017/07 28 13:07

Invista’s Cordura brand is set to debut a series of product collaborations and new fabric technologies, from engineered fabrics to performance naturals, in sync with its Live Durable campaign for developing durable fibre and fabric technologies, at the Outdoor Retailer Summer Market, the leading sports expo, at the Salt Lake City, UT, US in booth […]