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Chinese textile and retail investment company Shandong Ruyi has bought the US-based Lycra business for an undisclosed sum. Shandong Ruyi, whose retail investments include Aquascutum and SMCP (Sandro, Maje, and Claudie Pierlot), will take over the world-famous…
The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period, the RBI said on Wednesday. Demand condition in the manufacturing sector…
Indonesia is set to become one of the top five textile and textile product producers in the world by 2030, and the Ministry of Trade is forging ahead with its Making Indonesia 4.0 roadmap, which prioritizes the development of a number of industries, including…
For price conscious Vietnamese consumers, an organic product more expensive than its normal version is not an attractive option, but one firm has decided to be persistent. The Phong Phu Textile and Garment Company introduced its made-in-Vietnam eco-friendly…
Mercury Home Textile has selected Manhattan Associates, to optimise order fulfilment across its international, multi-channel retail operation and to serve as a foundation for its transition to an omnichannel business model with Manhattan’s Warehouse…
A host of non-governmental organisations and unions have accused prominent Australian retailers of refusing to sign an updated version of the 2013 Rana Plaza accord on the eve of the fifth anniversary of the Bangladesh building collapse. Oxfam Australia,…
The textile and apparel industry in India is worth some $110 billion, and is the nation’s second largest employer, after agriculture, providing direct employment to more than 45 million people and indirect employment to another 60 million. All this is set to…
Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies. The Nam Dinh Textile & Garment JSC has undergone ‘major surgery’.…
Indonesias exports of textile and textile products (TPT) were valued at US$2 billion in the first two months of this year or 3 percent higher than in the same period last year. “TPT industry is a labor industry providing jobs for around 3 million people that…
Viet Nam Textile and Garment Group (Vinatex) on Monday signed a strategic co-operation agreement with Japanese firm Itochu, witnessed by PM Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe in Ha Noi. Itochu is expected to help Vinatex make a change in…
A strong Vietnamese dong and sluggish demand from key markets have dragged on textile exports this year. Vietnam’s exports of textiles and garments are projected to increase by 7 percent this year to $29 billion, according to Vinatex, the country’s top…
Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts. Nguyễn Tường, Vice Chairman of the Việt Nam Logistics Association, said the textile industry needs to…
More than 100 textile industry stakeholders, among them apparel brands, NGOs, trade union representatives and suppliers, recently attended H&M’s Fair and Equal conference in Yangon, Myanmar. Key note speeches from the ILO’s development partner relations…
The government plans to take firm action against illegal imports of textile and textile products as these have been hindering business and impacting ind ustrial growth in the manufacturing sector. “We will take firm action against importers who have so far…
India is rising, not only as a new choice of relocating labour-intensive industries from China, but also as a retail market of good potential, says a research report by The Hong Kong Trade Development Council (HKTDC). In recent years, the sustained rise in…
