In the six months to June 30 sales totalled ?1.6bn (?1.3bn) as operating income grew by 22.2% to reach ?510.9m (?405.0m). All regions saw solid growth during the period, with sales in Europe shooting up by 21%. Sales across Asia (excluding Japan) led the way, accounting for 25% growth, while sales in America rose 9% and Japan a more muted 3%. The company created 445 new jobs during the first half of the year to enable to sales and production teams to be reinforced to deal with the success

Polyester intermediate prices further rose in the past week amid tighter supply, and whatever the lack of demand from polyester industry. Our weekly report covers the polyester chain, including Paraxylene (PX), PTA, MEG, polyester chips, and polyester staple and filament prices. Asian Contract Prices (ACPs) are also available for the PX, PTA and MEG markets in Asia, with 5-year charts and downloadable historical data. Souce: Emerging Textiles

Wool prices further fell in Australia this week with super fine types however attracting Italian interest in Newcastle. Our weekly report delivers a comprehensive view of wool prices in Australia, with a long list of micron types in A$, US$ and euro terms. Historical charts are also available, such as downloadable historical data. A glimpse on the New Zealand and South African markets is provided. Souce:Emerging Textiles

In its August crop report, USDA estimated a '12-13 US crop of 17.65 million bales. Upland production was estimated at 16.99 million bales and ELS production at 663,000 bales. Harvested area was estimated 10.81 million acres, implying a non-harvested area of 1.83 million acres based on USDA’s June acreage report. The resulting abandonment rate is roughly 14.44%. The national average yield per harvested acre was estimated to be roughly 784 pounds, 33 pounds lower than the five-year average

Cotton prices began declining in last days, over rumors of China partly selling its huge stocks. Our weekly cotton report covers the latest price trends of international spot and futures markets through a large number of tables and charts, with also domestic markets in India, China, Pakistan being reviewed. Historical data back to 6 years ago are available for download. Source: Emerging Textiles

Cotton prices did not move over the last week in New York, while dropping on domestic Indian and Pakistani markets. Our weekly cotton report covers the latest price trends of international spot and futures markets through a large number of tables and charts, with also domestic markets in India, China, Pakistan being reviewed. Historical data back to 6 years ago are available for download. Source: Emerging Textiles

Ministry of Industry and Information Technology (MIIT) in 2010 will initiate the rural subsidy program for building materials, network and textile & apparel. Huge foreign investment and fast-growing exports have long been major contributors to China's economic development. With the effects of the global financial crisis spreading throughout the world, the government was looking to tap domestic consumption, especially in unexploited rural markets. China has a huge geographic diversity a

The cost of renting shop space has increased at a dizzying pace in Vietnam, with rates now up to US$800-3,000 per month. High rental fees have been one of the main obstacles faced by textile and garment companies in expanding their retail systems. In the past, only large-scale companies have been able to afford the rates. According to Ms. Duong Thi Ngoc Dung, director-general of the Nha Be Garment Company, large amounts of money must also be spent on brand name development. Therefore, it

COLUMBIA — The Suminoe Textile of America Corp. is investing $6.5 million in expanding its operations in Cherokee County. The company said the expansion is expected to add 50 jobs. “Cherokee County has provided an excellent business environment for us, so we are pleased to continue growing our operations here,” said Satoru Kuninaka, president of Suminoe Textile of America. As part of the expansion, Suminoe will open a new factory in Gaffney. The new plant will house the company’s automotiv