The company reported a 3.4% drop in net profit in the December to February period Swedish clothing giant Hennes and Mauritz (H&M) on Thursdayannounced the launch of its eighth fashion brand as tough market conditions in the US and Central Europe hurt profits. The company reported a 3.4% drop in net profit in the December to February period, the first quarter of the company’s financial year, due to the combination of a slower than expected rise in revenues and seasonal discounts. “To

China’s National Development and Reform Commission (NDRC) has kept its target price for cotton in Xinjiang region unchanged from last year’s price of 18,600 yuan ($2,965) a tonne. The target price will now be set every three years instead of annually. However, the state planner can adjust the target price if there are major changes in the cotton market. The decision to keep target price constant for the next three years in the country’s top cotton growing region has been made to curb high fl

The Innovative Apparel Show of Techtextil and Texprocess, the international leading trade fair for technical textiles and nonwovens and for the processing of textile and flexible materials, is all set to present new clothing ideas and innovative processing technologies live in an unconventional way. The four-day trade global show will begin from May 9, 2017. Young designers from the international fashion school ESMOD from Paris, France; ESAD College of Art and Design from Matosinhos, Portuga

The Government of India is likely to impose anti-dumping duty on import of elastomeric filament yarn from four countries—China, South Korea, Taiwan and Vietnam—as the Directorate General of Antidumping and Allied Duties (DGAD) has concluded in its investigations that the yarn has been exported to India from these countries below its associated normal value. The authority “recommends imposition of definitive anti- dumping duty… so as to remove the injury to the domestic industry,” a DGAD notif

The new textile policy is expected to focus especially on handicraft sector and give incentives for expansion of its production base for quality manufacturing. It will have a three-pronged approach to boost the sector which is currently facing competition from international players. The policy will also aim to preserve and protect endangered crafts. The new policy aims to create additional 35 million jobs and achieve $300 billion textiles exports by 2024-25, according to a news agency report

Following the increase in forecast for the US cotton crop, the latest US Department of Agriculture (USDA) report now projects global cotton production this season to total 105.7 million bales, up 9 million bales or 9 per cent above the 2015/16 season. Global harvested area in 2016/17 is estimated at 29.2 million hectares, down 4 per cent from the previous season. However, USDA has projected the global yield in this season to be significantly higher at 788 kilograms (kg) per hectare, as agains

Textile and clothing exports fell 2.53 per cent year-on-year to $1 billion in February, mainly driven by lower proceeds from raw material and low value-added products such as cotton yarn and fabrics, the Pakistan Bureau of Statistics said on Wednesday. The decline in export proceeds was also evident in rupee terms. However, exports of value-added products grew during the month, both in terms of value and quantity. Product-wise details show that exports of readymade garments rose 5.3pc whil

For a variety of reasons, the blending of fibres, in particular manmade fibres, in textile products is set to increase. Edda Walraf assesses this development, and explains how spinning mills can blend different fibres most effectively. Fibre consumption is rising and filaments in particular are finding use in an increasing number of applications. For the short staple spinning mill, the trend is also towards manmade fibres, but especially to blends with various fibre materials. Thus the functi

At the recent Amazon India Fashion Week, Dia Mirza walked the ramp for Swedish fashion retail giant, H&M with pretty princess like polyester gown made of 100 percent recycled shampoo bottles promoting sustainable fashion during the launch of the very special Conscious Exclusive collection at the preview co-hosted with the Fashion Design Council of India. The H&M Conscious Exclusive collection is the brand's effort towards making sustainable, good-quality fashion accessible to as many

Pakistan will temporarily stop permitting duty-free cotton imports until its locally produced crop is completely sold, said Sikander Hayat Khan Bosan, the national food security and research minister. He also said that cotton crop and its research institutes should come under his ministry to achieve the annual target of producing 20 million bales of cotton. The government of the country is working towards safeguarding the interests of the farmers who are facing problems and growing cotton in