Archroma, a global leader in colour and specialty chemicals, has entered a partnership with the House of Denim Foundation (House of Denim). Archroma will support House of Denim with a yearly financial contribution to the Foundation's Denim City and will share its expertise and network with the foundation as well.
House of Denim is a non-profit organisation that conceives and initiates collaborative projects to make this denim industry cleaner, dryer and smarter, through education, research and innovation, enterprise and networking, under the motto, 'Towards a Brighter Blue'. House of Denim has established the Denim City in Amsterdam, an innovative campus for the denim industry with facilities such as the Blue Lab, the Academy and the Jean School. Archroma has made remarkable contributions to the denim industry with cutting-edge dyeing technologies and sustainability.
When Bangladesh graduates out of LDC status by 2024, its exports will lose duty-free and quota-free access to world markets. But Bangladesh will have duty-free and quota-free access to the EU market till 2027. To get the GSP Plus facilities, the country will have to ensure good labour standards and an environment in line with the requirements of the core labour standard of the International Labour Organization.
Pakistan and Sri Lanka enjoy GSP Plus facilities in the EU market. Bangladesh has improved labour safety and standards. Child labour is being weeded from hazardous jobs. The country's readymade garment sector improved labour safety significantly after the Rana Plaza tragedy.Labor laws are being made worker-friendly. The country is now very proactive, candid and open in terms of having discussions over labour issues.
The Cambodian Confederation of Unions (CCU) issued a statement expressing its concern that the upcoming election will impact garment workers and that if the political climate doesn't improve, they could face dire consequences in the form of sanctions or boycotts. According to a World Bank report from 2016, 45 per cent of Cambodia's garment exports end up in the EU, while 25 per cent go to the United States.
Earlier this year, representatives from VF—the parent firm of brands such as The North Face, Jansport and Timberland, visited Cambodia and delivered a petition to the Prime Minister, Hun Sen, as well as to the Ministry of Labour, expressing their concern for 'recent actions that seem to undermine progress toward improving worker rights'.
For some on-going and four new schemes, the Government of Pakistan has allocated INR 1500 million in Public Sector Development Programme (PSDP) for some on-going and four new schemes. The Pakistan Government has assigned INR 100 million for establishing an Institute of Fashion and Design in Karachi, which will develop and promote the country's fashion sector and attract investment.
In order to promote the country's textile sector, the Government of Pakistan has allocated INR 280.437 for schemes of the Textile Industry Division. Also, the government has assigned INR 500 million to re-model and expand the Karachi Expo Centre.According to Pakistani media reports, INR 700 million has been earmarked for setting up an expo centre in Peshawar.
The Ministry of Industry of Indonesia has partnered with the regency of Tanah Datar in West Sumatra to establish a centre for small and medium enterprises (SMEs) dedicated to developing woven textile industry in the region. Strategic programmes to improve competency, research, production, and promotion are also expected to be conducted at the centre.
The centre will encourage makers of woven fabrics to create trendy products with better design, motifs and quality for the customers, said Gati Wibawaningsih, Director General for SMEs, Ministry of Industry of Indonesia. She added that woven textile seems to be a lucrative business and is favoured by many. The ministry is trying to improve the performance of Indonesia's woven textile industry to make them apt for the open market and to protect the local market, said an Indonesian news agency quoting Wibawaningsih.
Local textile manufacturing companies in Ghana have appealed to the government for tax exemptions on their products as an incentive to help revive the industry. According to them, this will help them compete with the influx of cheap textile products from China and other parts of the world.
According to the textile manufacturing companies, about 70 per cent of textiles on the Ghanaian market are cheap imported products mostly from Togo and China. The remaining 30 per cent is shared among three local textile companies—Ghana Textile Printing (GTP), Akosombo Textiles Ltd (ATL) and Printex. These three companies currently produce about 30 million yards of fabrics even though they have the capacity to do about 60 million annually. The tax stamp is likely to curtail the situation.
EU socks imports were valued at €2.15 billion in 2017, up 25.7 per cent from €1.7 billion in 2013, excluding trade between EU member countries. Socks imports of 190,200 tons in 2013 rose to 217,500 tons in 2017, an increase of 27,300 tons. More than 75 per cent of imports came from two countries, Turkey and China.
According to recently published trade statistics of Eurostat for 2017, Turkey had a 33.6 per cent share of the EU market, whilst China had a 38 per cent share. In terms of quantity, China emerged as leader thanks to price competitiveness and leads in synthetic fibre socks. Turkey holds a strong position in cotton socks.According to Eurostat data for 2017, the EU (28) imported a total of €2 billion worth of socks. €814 million worth was made by China and €722.2 by Turkey. The combined share of the two dominant countries was 71.5 per cent in value terms.
According to the latest market report published by Persistence Market Research, the US men's underwear and women's lingerie market is expected to witness a significant growth at CAGR of 5.4 per cent by 2021. This will be mainly due to rising personal income in US households, propagation of modern retail formats such as supermarkets, discount stores, and pharmacy stores, change in lifestyle, and rising awareness regarding health and fitness and personal hygiene among men and women in the country.
The US men's underwear market was estimated at $3,236.4 million in 2015 and is expected to register a CAGR of 5.1 per cent over the forecast period. On the other hand, the US women's lingerie market revenue is anticipated to expand at a CAGR of 5.4 per cent from 2015 to 2021.
Uzbekistan and Turkey are planning to create a wholesale trade centre called Textilkent for textile products and knitted garments. The centre will be inspired by similar centres created in Turkey and Europe. Preliminary agreements were made on the establishment of this project during President Recep Tayyip Erdogan's recent visit to Uzbekistan.
A Turkish business delegation led by President Erdogan visited Uzbekistan recently. A forum that witnessed the participation of Turkish and Uzbek companies was held at the Uzexpocentre. The Uztekstilprom association made a presentation for the delegation, informing them about its achievements, prospects and opportunities for international cooperation in the textile sector. The idea for the creation of Textilkent was suggested during a meeting held with Mehmet Demezoglu, the head of Demez Oglu, which manufactures and supplies products to some big brands .
According to the Vietnam Textile and Apparel Association (VITAS), the domestic textile and garment industry is expected to sustain export growth in the coming months as many textile and garment companies had signed contracts to produce export products in the third quarter of this year.
Many Vietnamese garment firms had also sustained high growth in traditional markets such as the United States, the Republic of Korea, the European Union, and member-states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).A series of recently-signed free trade agreements (FTAs) was expected to further boost the sector.
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