"As per key findings of the annual ‘Market for Textiles and Clothing (MTC)’: National Household Survey 2017, the overall market size of textiles and clothing including exports increased to $146.63 billion in 2016 and further to $164 billion in 2018. Aggregate demand for textiles & clothing was 41.06 bil... Read more
"According to the US Office of Textiles and Apparel (OTEXA), from January to September 2018, Bangladesh witnessed a 14.20 per cent increase in its export earnings to the US; i.e. from $367.10 million to $419.21 million during the same period of 2017. China on the other hand earned a $683 million from exports a hike of ... Read more
EFI has reported record Q3 sales in its results for the three months ended 30 September 2018, but its profits have dipped slightly.
The manufacturer’s revenue climbed by 3.5% compared with Q3 2017, to $257.1m (£202m), from $248.4m in Q3 2017, but its gross profit fell to $125.5m, down by 1.5% from the $127... Read more
But, how can a company just emerge and build such a capacity so quickly? The answer is that Beworth is a ‘break-away’ business – a break-away from the giant Chinese flat knitting machine manufacturer Ningbo Cixing Company Ltd, known in the industry as simply Cixing.
Cixi... Read more
Researchers at ETH Zurich have 3D-knitted a structure on a computerised flat knitting machine that serves as the primary shaping element for curved concrete shells. The new technology is now being used to create a five-tonne concrete structure for an exhibition in Mexico City.
The heart of the four-metre-tall curved c... Read more
Details on outlook for 2018
The order intake recorded by the Rieter Group in the first nine months of 2018 was down by 2% compared to the prior year period. The cumulative order intake was CHF 749.8 million. In the third quarter of 2018, order intake was CHF 238.0 million (Q3 2017: CHF 269.7 million)... Read more
Durst, a manufacturer of advanced digital printing and production technologies, has won two Product of the Year awards at SGIA Expo in Las Vegas. The accolades for the Delta WT 250 and Rhotex 325 have been announced after Durst successfully demonstrated large-format and software capabilities, including the P5... Read more
"Katie Smith, Retail Analyst and Insights Director, Edited points out the shift towards more comfortable and functional clothing led to an increase in activewear as a trend. According to the Cotton Council International & Cotton Incorporated’s activewear study, about 3 out of 5 consumers have adopted activewe... Read more
"In face-to-face interviews conducted with 234 buyers and 72 exhibitors, Centrestage, a fashion brand-promotion, launch platform and trade exhibition organised by the Hong Kong Trade Development Council (HKTDC) noted that many industry players are optimistic about their sales prospects over the next 12 months. Around, ... Read more
"A new market report by Transparency Market Research titled ‘Knitwear Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-26 reveals the global knitwear market is expected to expand at a CAGR of 5.3 per cent from 2018 to 2026 reaching $817,402.7 million by 2026. In terms of vo... Read more
"Kanoria Chemicals & Industries, which manufactures two million meters of denim fabric per month plans to ramp up its capacity to 27 million meters per month in the next three years. “We serve all mainstream brands such as: Otto Group, Inditex, TCP, TEDDY, H&M, Levis, VF Corp, and niche markets of the wor... Read more
"As per a new McKinsey study, western brands are finding it easier to produce in low-cost countries due to the rising costs in China. For brands selling in the US, Mexico has emerged as the most suitable option while for labels selling in Europe, Turkey is a prime manufacturing destination. According to McKinsey, labor... Read more
"AEPC, to mark the unveiling of the ‘Statue of Unity’ in Gujarat on October 31, 2018, organised the ‘Fabric of Unity", an event to commemorate the Indian textiles industry. Smriti Zubin Irani, Union Minister of Textiles, Government of India graced the event attended by EC Members of AEPC, Officials fr... Read more
"Fast Fashion, denim, knit, tailoring, leather and the latest offers by the Moroccan brands were highlighted at Maroc in Mode-Marc Sourcing fair, held from October 11-12, 2018 at Marrakech. In line with current market trend, the fair focused on fast fashion and sustainable ecosystems. It deployed a specific promotion s... Read more
"Organised by the Ministry of Economic Affairs’ Bureau of Foreign Trade and the Taiwan Textile Federation from October 16-18, 2018 in Taipei, the 22nd Edition TITAS 2018 “Taipei Innovative Textile Application Show” focused on smart textiles, sustainable environmental protection, and functional applica... Read more
Fabric sourcing, till a few years ago, was one of the most challenging tasks. But increasing options of fabric sourcing, advanced technologies and awareness about quality have improved the conditions for fabric sourcing; though some challenges still prevail and industry continues to struggle with those issues.
The pro... Read more
ITMA ASIA +CITME 2018 is China’s most important textile event. The sixth edition of the combined show has been held from 15 to 19 October 2018 at the new National Exhibition and Convention Centre (NECC) in Shanghai.
The subsidiary corporation COMEZ International s.r.l. of Switzerland based Jakob Müller AG, ... Read more