A meeting of 22 leading apparel entrepreneurs’ associations in Tirupur knitwear cluster convened by Tirupur Exporters and Manufacturers Association (TEAMA) here on Monday has resolved to hold talks with the representatives of spinning mills’ associations to get the yarn prices stabilised. Deviation This was a slight deviation from the earlier stance in which a section of apparel manufacturers representing some of the associations were planning to stop the procurement of yarn from March 15

Almost half of all foreign investments approved by the Myanmar Investment Commission in the first four months of 2013 were in garment manufacturing, figures from the Directorate of Investment and Company Administration (DICA) show. The commission approved 33 proposed foreign investments totalling US$815 million from January 1 through to the end of April, said Daw San San Myint, a director at DICA, which processes commission decisions. Of the 33 investments, 15 were in the garment sector, w

More than a decade ago, global manufacturing companies staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. They expanded the regional supply chain that had formed in countries such as Vietnam and Indonesia, while taking advantage of low wages offered by the world’s largest exporter in China. The strategy bolstered many a bottom line, but now things are changing. Garment workers make Adidas apparel at the Shen Zhou garme

The domestic leather and footwear industry should work to build up its raw material supply chains to ensure sustainable future development. That was the suggestion from the Ministry of Industry and Trade in a recent statement offering growth advice. The industry needed to invest more in raw materials as it was too reliant on imported parts, the ministry said, adding this meant the sector was vulnerable to price volatilities in the world market. The ministry also encouraged footwear prod

A cotton fibre production line of the Korean KyungBang Viet Nam's $140m textile plant in Bau Bang. — VNA/VNS Photo Quach Lam Land has been cleared for investment projects in Bau Bang, a new residential and industrial zone in the southern province of Binh Duong, according to Becamex Investment and Industrial Development Corporation (Becamex IDC), the zone's investor. "The zone was built in the northern part of the province with the main aim of reducing pressure at industrial zones in the s

If you've been following the news lately, you've probably been saddened to hear of the garment factory that collapsed and killed more than 1,100 people—many of whom were women making just $37 a month—in Bangladesh recently. You've also probably been wondering what can be done to prevent tragedies like this from happening again. Today, both H&M and Inditex, owner of Zara, announced that they will sign a legally binding safety agreement to ensure conditions in Bangladesh factories a

Texnology, a manufacturer of needle looms, web drafters, profiling systems, turnkey lines and a world leader in creating high speed cross lapper systems for the nonwovens industry, has developed a new needle loom technology – Ellittica. The new needle loom is a complete reinvention of needling and was presented for the first time in North America at the IDEA 2013 show in Miami Beach last month. According to the Italian firm, the Ellittica needle loom is a new internationally patented sys

According to latest report by US Department of Agriculture (USDA), India's cotton exports are expected to exceed the earlier estimate to touch 9.2 million tonnes in 2012-13 marketing year ending July, but they are likely to remain down by 34 percent from the previous year level, reports media.The country had exported 14.17 million bales of cotton in the 2011-12 marketing year (August-July). One bale contains 170 kg of cotton, it said.In its latest report, the USDA said that it has upped country'

State-owned Bangladesh Petroleum Corporation (BPC) has floated a tender to sell 170,000 barrels of open-specification naphtha for lifting between May 27 and May 29, a company official said on Sunday. The tender will close on May 14, with validity up to May 20 for loading on a free-on-board (FOB) basis from Chittagong. The offer came when the Asian naphtha price and its margin hit on Friday its highest in a month due to refinery run cuts and stronger Southeast Asian demand. BPC, which runs the

Chinese apparel sector entrepreneurs yesterday expressed interest to invest in Bangladesh as they found many factories here adequately compliant. They expressed the interest at a time when the industry is facing criticisms from developed countries like the European Union, USA and Canada following the tragic incidents of Tazrin Fashion and Rana Plaza. A 21-member delegation of China National Garment Association (CNGA) visited nine factories in Bangladesh in last two days as they shared their f