OC Oerlikon Corp, the world's largest maker of textile machinery, agreed to sell its natural fibers and textile-components units to China's Jinsheng Group as part the biggest sale yet organized by Michael Buscher, Oerlikon's chief executive officer . The units were the source of a quarter of Oerlikon's 4.2 billion Swiss francs ($4.53 billion) in revenue in 2011, have an enterprise value of 650 million Swiss francs and employ 3,800 people. Source: China Daily

Cotton Council International (CCI) and Cotton Incorporated, in cooperation with USDA, jointly presented the seventh biennial Sourcing USA Summit in Rancho Palos Verdes, California. The event, held on November 12-16, attracted 400 delegates from 23 countries, including representatives from the cotton industry’s top tier textile manufacturers, merchant ts along with companies and organizations integral to the global cotton supply chain. Opening remarks by National Cotton Council (NCC) Chairman

For more than 10 years, EmbroidMe has been a trusted source for quality embroidery and personalized apparel, but EmbroidMe specializes in so much more. With thousands of products that can be embroidered, engraved, embossed, or etched, EmbroidMe offers a wide selection of products and services that can be customized to help you find just the thing you need. When was the last time you received a laser-etched golf putter as a promotional gift? How about a custom-designed duffle bag or computer t

While the Government of India has imposed anti-dumping duty on all segments of synthetic yarn including nylon, polyester and viscose imported from countries like China, Korea, Chinese Taipie, Malaysia, Thailand and Indonesia, yarn importers in the country's biggest man-made fabric hub have started indulging in circular import to skip the duty. In a first of its kind case, Directorate of Revenue Intelligence (DRI) on Wednesday raided a city-based yarn importer on the charges of importing more th

The All Pakistan Textile Mills Association, while appreciating government proposal of restricting CNG fuel only to public transport, has said that textile industry would lose $3b exports if gas curtailment continued for another three months, as gas suspension to industry continued for five days a week. The leader of textile sector and former chairman of the Aptma Gohar Ejaz hailed the PM Adviser on Petroleum and Natural Resources Dr Asim Hussain for supporting longstanding stance of textile in

Hundreds of garment factory workers clashed with police at a factory in Phnom Penh yesterday during the latest strike in what is now a month-long campaign to have two union leaders rehired. The workers from Nex-T Apparel (Cambodia) Co. Ltd. in Dangkao district were striking in support of two union organizers from the Coalition of Cambodian Apparel Workers’ Democratic Union (CCAWDU). A scuffle broke out when they confronted a representative from a union affiliated with the Cambodian Union

TEXTILE manufacturers responsible for some of the most well-known brands on the High Street have been accused of hiding their toxic trails by using government-run wastewater treatment plants. Greenpeace International says a recent investigation found a wide range of hazardous substances in the effluent of two communal treatment plants. The research focused on the discharge of hazardous chemicals from industrial zones in Zhejiang Province, where a high proportion of textile manufacturers are l

South African wool prices rose sharply at the final national sale before the Christmas break, Cape Wools said on Wednesday. Company spokeswoman Ona Viljoen said Cape Wools' Marino indicator reached an all-time high when it gained seven percent on the previous week to close at R109.91/kg (clean). "This was not only higher than last season's highest level, but it also represents a 25.8 percent increase on the opening sale and was up almost 12 percent on the corresponding sale last year." Vil

Farmers have until 14 December to subscribe to the farmer owned promotional company Wools of New Zealand (WONZ) capital raising venture. The company has just finished more than 40 farmer meetings around the country, asking farmers to invest up to $10 million to help market and sell strong wool, with the aim of improving the long term returns back to the farm. But Wools of New Zealand chair Mark Shadbolt says it won't be easing up on its campaign to get farmers to invest a minimum of $5 milli