Hong Kong-based apparel manufacturer TAL Group plans to boost investment in Vietnam with its second project in the field of textile, dyeing and garment worth hundreds of millions of U.S. dollars. Roger Lee, CEO of TAL Group, revealed this plan at a meeting with leaders of the Ministry of Planning and Investment this Wednesday. TAL currently has 25,000 workers at eight factories worldwide. The Hong Kong clothing producer came to Vietnam in 2004 to set up the US$40-million textile-garment fa

Cotton prices touched Rs 42,000 for a candy of 356 kg on Monday following strong domestic demand and overseas enquiries. Moreover, supply was slow. Overall, the sentiment turned bullish and according to market sources, cotton price may rise to Rs 43,000. Gujarat Sankar-6 cotton traded higher by Rs 500-700 at Rs 41,000-42,000. V 797 cotton A grade was offered at Rs 29,800-30,000. About 5,000-6,000 bales cotton arrived in Gujarat and 15,000-17,000 bales arrived across the country.

Mozambique Cotton Institute has set a target of producing 100,000 tons of raw cotton during the ongoing cotton season that has already begun. The target fixed by the Mozambican Cotton Institute is 46 percent less than 184,000 tons of cotton produced during previous season. However, the Cotton Institute Director Norberto Mahalambe said that the reduced production expectations is not a matter of concern, as it is still higher than the long term estimations of 92,000 tons of raw cotton, mac

In April 2013, China's cotton import dropped moderately in quantity term from the previous month, but the average import price surged. According to Customs statistics, China imported 430,900 tons of cotton in April, a decrease of 97,900 tons and down 18.5% from March, and down 15.5% year-on-year. The average import price stood at US$ 1942/ton, registered an increase of US$ 60 by 18.4% from March. In the first eight months of 2012, cotton import totaled 3.16 million tons, down 15.6% year-on-y

South Korean Textile Technologies Group (TTG) has completed the construction of a $70-million textile factory in the Tashkent region, said state company Uzbeklegprom, which unites Uzbekistan’s textile enterprises. The new factory will process 8,000 tons of cotton and produce 6,000 tons of cotton yarn, 7.5 million square meters of cotton fabric, and 5 million pieces of textile products a year. At least 80% of the output is meant for export. The project was financed by direct investments of the

THE US sportswear multinational Nike Inc has called for an inquiry by Cambodia into a police crackdown on workers at one of its suppliers, during which a pregnant women miscarried and other people were injured. Nike expressed "deep concerns" over the May 27 incident at the Sabrina Cambodia Garment Manufacturing plant outside Phnom Penh, in a letter to Cambodia's commerce and labour ministers released late on Friday in the United States. Several factory workers were injured by police when

In a bid to curb the widening Current Account Deficit (CAD), recently inducted Union Minister of Textiles K S Rao said on Wednesday that the government had fixed the textiles export target of $50 billion for the financial year, 2013-14. “CAD is affecting the nation s economy and textiles sector is one sector where we can increase the exports substantially. I am given to understand that our textiles exports is about $34 billion today, which I wish to make at least $50 billion by end of the curr

The Textiles, Garments and Leather workers Union, TGLEU, has expressed concern about the collapse of the textiles industry in the country due to influx of cheap pirated textiles. Speaking to Radio Ghana, the secretary General of the union, Abraham Cockneyism said most textile companies are closing down and laying off workers due to lack of market and other factors. He said unless something urgent is down Ghana will not have any viable textile industry. Mr. Cockneyism also stressed the need

China's May cotton imports fell 31% from a year earlier to 345,778 metric tons, the General Administration of Customs said Friday. January-May imports fell 17% to 2.14 million tons, it said. China is the world's largest cotton importer, sourcing most of its supplies from countries such as the U.S., Uzbekistan and Australia. Source: Dow Jones Newswires .

Designers, distributors and stockists of denim products from the US face a significant hit to margins after the European Union raised import duties. From May 1, all denim products imported to the UK and Europe from the US have been subject to a 38% duty – up from 12% previously. According to a notice sent out by HM Revenue and Customs (HMRC), denim products have been added to a list of goods that attract higher custom duties “in retaliation” to a 13-year-old piece of US legislation called th