LS Mtron Ltd., a South Korean company supplying tractors in over 40 countries, has signed an agreement with the Government of Uzbekistan to supply 24,570 specialized mini tractors for harvesting cotton over the next five years. According to the agreement signed by LS Mtron and the Uzbek national enterprise Agromash Sanoat Invest LLC, the Korean firm will provide tractors worth US$ 500 million during 2014-18. In addition to supplying tractors of six different models, the Korean company will

The exports of cotton from Egypt decreased by 38.8 percent during June-August 2013 period, according to the data from the Central Agency for Public Mobilization and Statistics (CAPMAS). Egypt exported 91,600 quintal of cotton during the three-month period compared to exports of 149,500 quintal made during the same period last year, CAPMAS said in its quarterly newsletter for the fourth quarter of the 2012-13 agricultural year. CAPMAS attributed the drop in cotton exports to a decrease in amou

A cotton factory was gutted by a fire at Upashahar in the city on Tuesday morning. Sub-inspector Rabiul Islam of Sylhet Kotwali Police Station said the fire originated at a room of “Saiful Alam Cotton Factory’’ on the 3rd floor of a building around 9am and it soon engulfed the whole factory. On information, a firefighting unit rushed in and doused the blaze after one hour of frantic efforts with the help of the locals. The reason behind the fire could not be known yet. The extent of

A woman walks past a International Holdings Ltd store in Yichang, in central China's Hubei province. Liu Junfeng / for China Daily The increasing cost of down and declining retail sales have brought a hard winter to down jacket producers in 2013, market insiders said. Apparel industry experts said expanding sales channels, especially at online platforms and designs that better cater for consumers' needs, are solutions to regain profitability. Bosideng International Holdings Ltd, one

Pakistan is the fourth largest producer of cotton after China, India and the United States and has about 8.7% share in world’s cotton production. PHOTO: FILE Agriculture is the most important sector of Pakistan as it provides raw material to the industry and contributes 21.4% to the GDP. It employs 45% of the labour force and is the most important source of foreign exchange earnings. Pakistan is the fourth largest producer of cotton after China, India and the United States and has about 8

Illustrative image (Source: VNA) The General Customs Department reported that by December 15, Vietnam earned 7.9 billion USD from footwear export, 14.9 percent higher than the same period last year. The performance is likely to help the country reach its set export target of 8 billion USD for the product this year. The US remained the key importer of Vietnamese footwear. It purchased 2.3 billion USD over the past 11 months, accounting for more than 30 percent of the country’s total

In the process of industrial upgrading and encouraging technological innovation, the application of genuine information technology (IT) products for improving industry standards is necessary, Sun Rui Zhe, vice president of China Textile Industry Association, said recently at a seminar on “Innovation and Social Responsibility – China’s textile industry, information technology services and fair competition.” Zhe said China's textile and garment enterprises have begun to consider the issue of in

Garment industry, Cambodia's largest foreign currency earner, reported a 22 percent surge in exports in the first 11 months of 2013, according to figures from the Ministry of Commerce on Thursday. The Southeast Asian nation exported apparel products in equivalent to 5.07 billion U.S. dollars during the January- November period this year, up 22 percent from the 4.15 billion U.S. dollars for the same period last year, the figures showed. Garment products have been mostly sold to the United S

The Department of Trade and Industry (DTI) of the Government of Philippines is seeking duty free access and preferential treatment for garments to be exported to the US, particularly apparel products that are manufactured from areas devastated by the typhoon ‘Yolanda’ (international name ‘Haiyan’). Gregory L Domingo, Secretary of DTI, told reporters that Philippines will ask the US Government to grant duty-free entry for some goods, especially apparel, produced in areas affected by the typhoo

Poor law and order, energy shortage and raw material price fluctuations have pulled down Pakistan''s towel export by over 8 percent in July-November 2013-14 to $289.464 million. The towel exports underwent a stiff phase of recession during July-October this fiscal year, as the manufacturers were unable to increase production because of a number of issues, Chairman Towel Manufacturers'' Association of Pakistan (TMAP)- south zone, Iftikhar Ahmed Malik, told Business Recorder on Saturday. Towel