Company News

  • Textile leaders prep for Intertextile Apparel Spring ’24 in Shanghai

    As the global exhibition industry bounces back after a period of discontinuity, favourable winds are blowing for China’s textile and apparel market. Retail sales of clothing, shoes, hats, and textiles leapt 10.2 per cent year-on-year in 2023, signalling strong consumer appetite. According to the ...
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  • China’s Anta Sports announces development plan for 3 years

    China’s Anta Sports announces development plan for 3 years

    Anta Sports Products Limited has unveiled its development plan for the next three years (2024-2026). Adhering to the development strategy of single-focus, multi-brand, globalisation, Anta Sports will focus on three key business segments, namely performance sports group, fashion sports group and o...
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  • RSC issues compliance certificates to 73 more RMG units in Bangladesh

    RSC issues compliance certificates to 73 more RMG units in Bangladesh

    The RMG (readymade garments) Sustainability Council (RSC) in Bangladesh recently recognised 73 RMG production units as compliant and safe. The factories received letters of recognition after they rectified the non-compliance faults identified during the initial inspections of the council formed ...
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  • China’s textiles & apparel exports down 6.74% in Jan-Mar 2023

    China’s textiles & apparel exports down 6.74% in Jan-Mar 2023

    INSIGHTS ● China’s exports of textiles, apparel, and clothing accessories in the first quarter of 2023 declined by 6.74 per cent compared to the same period last year, with garment exports decreasing by 1.3 per cent. ● In 2022, China’s exports of textiles, apparel, and clothing acces...
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  • Sri Lanka’s garment exports up 10.7% in 2022; down in Dec

    Sri Lanka’s garment exports up 10.7% in 2022; down in Dec

    Sri Lanka’s garment exports stood at $5,483.1 million during January-December 2022, which grew by 10.7 per cent over the exports of $4,951.5 million in the same period of the previous year, as per statistics released by the Central Bank of Sri Lanka. Its garment exports dropped by 8.7 per cent in...
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  • UK’s Coats Digital helps Handa digitally transform garment production

    UK’s Coats Digital helps Handa digitally transform garment production

    UK-based Coats Digital, leading technology solutions provider for the apparel industry, has announced that global fashion manufacturer Handa Industries has selected its FastReactPlan to digitally transform its production processes, enabling it to respond agilely to more complex order requests, st...
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  • Apparel imports of Middle East at $3 bn in H1, China claims 31% share

    Apparel imports of Middle East at $3 bn in H1, China claims 31% share

    Apparel imports of Middle East stood at $3.108 billion during January-June 2022. Amongst all the exporting nations, China ranked first on the suppliers’ list with a share of 31.43 per cent ($977.016 million), followed by Bangladesh, Turkiye, Italy and India. Asia-Pacific region supplied about tw...
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  • US imports babywear worth $255.955 mn in July 2022

    US imports babywear worth $255.955 mn in July 2022

    Babywear imports by the United States has been on a rise since April this year. The imports increased to $255.955 million in July 2022 from $245.802 million in June 2022. The country imported babywear worth $1,633.762 million in the first seven months of this year, while they amounted to $2.414 ...
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  • Bangla-China JV to invest $15.63 mn to set up garment accessories unit

    Bangla-China JV to invest $15.63 mn to set up garment accessories unit

    Bangladesh-China joint venture company Jinqiu Global Textile Bangladesh Ltd will invest $15.63 million to set up a garment accessories manufacturing unit at the Ishwardi Export Processing Zone (IEPZ) in Paksey of Pabna district. The company will annually manufacture 250 million metres and 2 milli...
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  • Low demand causes south India’s cotton yarn prices to decline further

    Low demand causes south India’s cotton yarn prices to decline further

    Cotton yarn prices have declined further in South India today as demand from the downstream industry continues to be low. Cotton yarn prices have eased by ₹5-15 per kg in the Mumbai market and by ₹3-7 per kg in Tamil Nadu’s Tiruppur market. Traders feel that cotton yarn demand is not likely to p...
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  • European textile exports slide due to energy crisis amid Ukraine war

    European textile exports slide due to energy crisis amid Ukraine war

    European textile and clothing industry recently urged the EU to protect the industry from the crisis resulting from exorbitant increase in natural gas and crude oil prices amid Russia’s invasion on Ukraine. Latest export data reflects the crisis as outbound shipment of technical textile and polye...
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  • US retail sales to grow by 7.1% this holiday season: Mastercard

    This holiday season, retail sales in the US excluding automotive are expected to increase by 7.1 per cent year over year (YoY), according to the Mastercard SpendingPulse annual holiday forecast. The key trends to watch include extended holiday shopping; bargain hunting; in-store experiences drawi...
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  • G20 area’s GDP growth down 0.4% QoQ in Q2 2022

    G20 area’s GDP growth down 0.4% QoQ in Q2 2022

    Gross domestic product (GDP) in the G20 area fell 0.4 per cent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2022 after rising 0.5 per cent in the first quarter (Q1), according to provisional estimates by the Organisation for Economic Co-operation and Development (OECD). The contraction ...
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  • China Facing Heat In Apparel Exports, India And Bangladesh Enjoy Shift In Orders!

    China might not be able to reach to the peak heights in its manufacturing industry again as labour is becoming expensive there and geo-political equation with Western world is not stable, hence investors and sourcing companies are finding alternate base. On the other hand, the apparel imports of ...
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  • Atlanta Apparel Continues To Break Records With Customer Service

    Showing inimitable Southern hospitality, Atlanta Apparel, held April 11–15 concurrent with VOW Bridal and Formal at AmericasMart Atlanta, offered exhibitors and buyers an array of networking and social opportunities, a return to fashion events and seminars, as well as inventive takes on Grab n’ G...
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