Textile Briefs International


1.  Recently the world’s biggest retailer Walmart and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) discussed business potential, safety, various textile and apparel industry issues in a meeting held in Dhaka. As 30% of Bangladesh’s garments exports to the US went to Walmart.

2.  China’s chemical fiber production exceeded 50 million tonnes, making up over two-thirds of global production. Textile exports from China reached 37.6% of the world’s total in 2018, a 3.5% increase from the previous year, while apparel exports accounted for 31.3% of the world’s total.

3.  Despite challenges like energy supply, customs procedures, lack of backward linkages and insufficient skills, Ethiopia has the potential to become a global textile manufacturing hub with numerous opportunities like, young labor pool, growing market potential, and strategic position.

4.  France is banning designer clothes and luxury goods companies from destroying unsold or returned items under a wide-ranging anti-waste law passed by parliament recently. The law also covers electrical items, hygiene products, and cosmetics, which must now be reused, redistributed or recycled.

5.  Korean textile and apparel major Young One Corporation will invest more than Rs 9bilion in the Kakatiya Mega Textile Park (KMTP) coming up in Telangana's Warangal district. The company signed an agreement with the government of Telangana in this regard.

6.  Italy ranks as the worst textile polluter in Europe, with the country producing 466 tonnes of textile waste every year, according to new research from sustainable fashion brand which found Italians spend a proportionately large amount of new clothing each year, at £920 per person.

7.  Sri Lanka is taking great leaps to boost its one of the largest contributors to the economy, the apparel export industry. The US$ 5 billion RMG manufacturing industry is planning to set up a fabric processing park in Eravur, Batticaloa in the east of the island, to lure investors from countries like China.

8.  At the time of worsening trade deficit because of the flooded smuggling goods, rising government expenditures and the devaluation of its currency, Tunisia is trying to seal cracks in its struggling economy by promoting local products internally and increasing exports.

9.  Environmental charity Hubbub's poll of 3,008 UK adults found that people planned to spend an average of £73.90 (US$98.80) on new party clothes for Christmas, yet one-in-five admitted they wouldn't wear the same outfit to more than one party or event.

10.  The Viet Tien Garment Joint Stock Corporation (VGG) recently signed up with Luenthai and Newtech to establish the Viet Thai Tech fabric factory to supply fabric for the garment and textile industry. With a total investment of $20 million, the project’s first phase will involve $12 million and the second, $8 million. It is expected to turn operational in June this year.

 

 
Copyright 2020 Ptj.com.pk   Design: PTJ Graphics