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SVP Global Ventures achieves ₹5000 cr order book, India
Despite severe disruptions in Indian domestic demand for yarn, including deferment of shipment and delay in the orders due to COVID-19 pandemic, SVP Global Venture Ltd has managed to leverage on its
FPCCI hails withdrawal of duty on cotton yarn import, Pakistan
Hailing the government decision to withdraw 5 per cent regulatory duty (RD) on the import of cotton yarn, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) recently said the move
Hyosung invests in Brazil & Turkey spandex facilities, Global
To better serve apparel brands who rely on South American and European-made textiles in the development of their performance materials, South Korea-based Hyosung is advancing its global spandex
NITMA seeks 10% customs duty on man-made yarns in budget, India
The Northern India Textiles Mills' Association (NITMA) recently urged the government to raise customs duty on man-made yarns to 10 per cent from the current 5 per cent in the next budget, as
Green shots now visible in spinning segment: ITF, India
For the past four to five years, stand-alone spinning segment in India was performing very poorly compared to all other segments of the textile value chain. However, now due to pent-up demand for
Brent Crude prices rising since November 2020, Global
The brent crude prices has reported a gradual rise in the last four months from October 2020 to January 2021 except a drop in the end of October 2020. The crude prices in the beginning of October 2020
PRC yarn company Texhong shifts production line to Vietnam, Vietnam
Chinese yarn company Texhong is shifting its production line to Vietnam, partly due to the US boycott of cotton items originating in China’s Xinjiang province. It recently started recruiting labourers
TEA requests mills associations for continuous yarn supply, India
As spinning mills have stopped supplying cotton yarn and not taking up fresh orders, the Tiruppur Exporters' Association has appealed to the Southern India Mills' Association, the Tamil Nadu Spinning
APTMA, PHMA disagree over duty-free import of cotton yarn, Pakistan
The All Pakistan Textile Mills Association and the Pakistan Hosiery Manufacturers and Exporters Association have reportedly crossed swords over the duty-free import of cotton yarn, with the latter
Pangaia invests in material science company Kintra Fibers, United States Of America
Pangaia has announced its investment in Kintra Fibers, a material science company that makes high-performance, 100 per cent bio-based, and compostable yarns for the fashion and apparel industry.
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