Invista (Wichita, KS) has signed an exclusive, long-term agreement with Petrochemical Conversion Company Ltd. (PCC; Jubail, Saudi Arabia) to purchase and market polyamide 66 engineering resin manufactured at PCC's new world-scale PA 66 plant in Al-Jubail. The new facility-expected to start up in late 2013 or early 2014-will produce up to 50,000 tonnes/year of polyamide 66. Other than PCC's own sales in Saudi Arabia, the product will be sold and marketed under Invista's Torzen engineering polymer

Bangladesh's central bank approved $154 million worth of investment on Tuesday to boost electricity supply and enable a number of textile investments. The move was made by the Investment Scrutiny Committee dealing with approvals of private sector foreign borrowing at a meeting presided over by bank governor Atiur Rahman, a bank statement said. The highest interest rate permitted for the approved inverstment is a 6-month LIBOR+4.50 percent per annum, it said. The committee said more foreign

Pakistani textiles, textile made-ups, pharmaceuticals, rice, fruits, surgical goods, sports goods have a huge potential in Ukraine therefore Pakistani businessmen should avail opportunities in these areas. This was stated by Ambassador-designate to Ukraine Maj Gen (r) Wajahat Ali Muftee while speaking at the Lahore Chamber of Commerce and Industry on Thursday. LCCI Vice President Mian Abuzar Shad presented address of welcome while Executive Committee member Mian Zahid Javaid, former EC members

- PHOTO: BLOOMBERG The volume of Japan's customs-cleared crude oil imports rose 0.7 per cent in May from the same month a year earlier, the Ministry of Finance said on Wednesday. Japan, the world's third-biggest oil consumer, imported 16.71 million kilolitres (3.39 million barrels per day) of crude oil last month, the preliminary data showed. That compared with April imports of 18.729 million kl. Japan's imports of liquefied natural gas totalled 6.42 million tonnes last month, down 9.8

Representatives of more than 260 textile enterprises attended the “2013 China International Cotton Conference” held in Nanjing recently to discuss the current dilemma faced by the Chinese cotton textile industry. Participants voiced concern that the mainland domestic cotton price is higher by around 5,000 yuan/ton compared to price in the international market, Economic Daily News reported. Since the cost of cotton accounts for 70 percent of the total production cost, the final cos

Baytik Industrial Oasis (BIO) has signed up MRS Fashions as a tenant, with a $10 million garments factory planned on the leased premises. The garments manufacturer has taken a five-year renewable lease on more than 9,500 sqm of purpose-built light industrial buildings in phase one of BIO, situated in Bahrain International Investment Park (BIIP) in Hidd. "BIO was the logical choice for our expansion in Bahrain, providing us with a ready to occupy world-class facility in an environment dedicate

A Japanese company has developed a synthetic protein based on spider silk and plans to use it to mass-produce a highly resistant and flexible fiber in the near future. After six years of research, Spiber, in collaboration with Keio University's Institute for Advanced Biosciences and the company Kojima Industries, will inaugurate a plant this year with the capacity to produce up to 100 kg of synthetic spider silk a month. "This type of fiber has many applications," company spokesman Shinya Mu

The Italian Textile Industry has a global market share of seven percent and is the second major producer behind China. Italy is also a pioneer in the premium market segment. The famous fashion sector is the most important consuming sector of Italian textiles, known for high quality and an association with the Italian way of life (La Dolce Vita). SMI the industrial federation Sistema Moda Italia estimates that the turnover of the textile and apparel sector totalled in 2012 EUR 50.5 million, ther

Source: Reuters Shoppers in the 109 countries where Spanish fashion chain Mango has stores recognise its celebrity faces well, but few know much about the company behind the clothes modelled by Kate Moss, Gerard Pique and Scarlett Johansson. “Mango is from Spain, part of the Inditex group, isn’t it?” said Maria Lekae, 29, a Russian shopper browsing in the branch on Barcelona’s smart street Passeig de Gracia. Her misconception that Mango is one of Zara owner Inditex’s cluster of brands i

Source: Visit Beijing “” (Jing Daily) “A few years ago, the concept of “accessible luxury” as a market mover in China was little more than a dot on the horizon. Today, the situation couldn’t be more different. Accessible luxury brands (and traditional luxury brands that have expanded into the accessible luxury sector) have seen significant growth marked by rapid and profitable retail expansion, increased e-commerce sales, a loyal following of new middle-class customers, and renewed inter