Vietnam's labor market was severely affected by its recent anti-China riots, which left 60,000 local workers jobless as many foreign-invested factories were forced to shut down for an indefinite date, local media reported Tuesday. Vietnam's manufacturing hub, Binh Duong province, was among the worst-hit areas since the riots broke out earlier this month. More than 100 factories, most of whom belong to Chinese investors, were damaged to some extent. Worse still, 12 factories were completely

Paraxylene (PX) production capacity is increasing in the global market, mainly because majority of the PX is utilized for production of purified terephthalic acid (PTA), a key raw material in the textile industry for making polyester fabrics. The predictable global production of PX in 2020 will increase to 48776 thousand tons from the current level of 36532 thousand tons, states a new report “Global Polyester Value chain Market analysis & Forecast, 2014-2020”, published by Fibre2fashion.

Shri Santosh Kumar Gangwar assumed charge as Minister of State (Independent Charge) in the Ministry of Textiles. Talking to media after taking charge, Shri Gangwar said that the textiles sector has a huge potential of providing large number of jobs to the vulnerable section of the society. Specifically speaking on the issues plaguing the sector in Uttar Pradesh, he said that local artisans need push that will unlock the strengths of the region. “Zari Zardozi, carpet and many other local craf

World cotton trade in 2014/15 is forecast to reach only 36.3 million bales, 10 percent below the previous season and the lowest since 2010/11. While imports by China have supported cotton trade over the last several seasons, expectations for lower China import demand are reducing trade in 2014/15. The initial forecast represents the second consecutive decrease in global trade as most major exporters anticipate reduced shipments in 2014/15. Exports by the United States, the world’s leading ex

The country will have to focus on quality and not quantity if it wants to become an emerging economic power, said German Ambassador Albrecht Conze yesterday. “Bangladesh has enormous capacity to react for the better. If you continue in the vein you will jump on quality. That will be your cutting edge because you still have affordable wages.” The outgoing German ambassador spoke to The Daily Star at a farewell lunch organised in his honour by Bangladesh German Chamber of Commerce and Industry

A man holds fabric that has just been dyed at a workshop in Wundwin township. (Khin Su Wai/The Myanmar Times) The clean-up effort is also to be reinforced by stricter penalties against companies that pollute the water. The various proposals were outlined at a meeting on May 2 on practical technological assistance for removing the pollution, which threatens surrounding farmlands in Wundwin township, about 130 kilometres (80 miles) from Mandalay. There are about 600 garment factories in W

Cambodian officials, led by Permanent Deputy Prime Minister Keat Chhon, on Monday met with a 18-member delegation representing global brands and trade unions to discuss garment worker rights and wages. It was the second round of talks between Cambodian government officials and representatives of major brands including H&M, Gap, Levi's and Puma, as well as IndustriALL Global Union after a similar meeting held here in February.Speaking to reporters after a two-hour closed-door meeting, Heng S

Domestic sales of textiles and clothing from Spain saw a decline of 6.6 percent year-on-year, during the month of April 2014, said president of Business Association of Textile Trade and Accessories (ACOTEX) Borja Oria during a recent meeting of leading textile industry representatives held in Madrid. According to a statement issued by ACOTEX, Mr. Oria said that although the domestic sales for the month of April show a decrease, the year 2014 has seen a recovery in the Spanish textiles and cl

The recurring electricity power cuts in Tamil Nadu have buoyed many textile units in the state to install solar energy plants. They have also been prompted by the State Government’s Solar Purchase Obligation, although now it is stuck in litigation. Many textile units in Tamil Nadu have invested in wind energy, so what has driven textile units to go in for solar energy. Mr K Thirunavukkarasu – MD of Sri Choleeswarar Spinning Mills and also President of The South India Spinners Association

Photo: VNA After four years of implementation of the Buy Vietnamese Goods campaign, garment and textile enterprises have achieved many positive results. Vietnam’s garment and textile brands have been enhanced and gained consumers' trust, bringing a new face to the market and increasing revenues for enterprises, said Vietnam Economic News on May 22. To achieve remarkable results, domestic enterprises have continuously invested in production and focused on renewing designs, developing brand