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Strong downstream demand and strong cotton yarn prices in Pakistan
In the past week, the domestic and export prices of Pakistan’s cotton and yarn continued to rise. Cotton yarn prices remain very strong due to very strong demand from the tex…
Sri Lanka will build a textile industrial park
Sri Lanka’s “Daily Financial Times” reported on October 30 that the Sri Lankan Cabinet this week approved the Ministry of Industry’s proposal to build a 275…
Peru launches safeguard measures investigation process against imported clothing
On December 1, 2020, the Committee on Dumping, Subsidies and Non-tariff Trade Barriers of the National Institute for Competition and Intellectual Property Protection of Peru publis…
Vietnam’s textile and apparel industry finds it difficult to achieve export targets
Vietnam’s “Industry and Trade Electronic News” reported on December 2 that Vietnam’s textile and apparel exports in the first 10 months are expected to be U…
Business hit hard by the epidemic, clothing manufacturer Rena goes bankrupt
Rena, a major Japanese clothing manufacturer, is still in trouble after becoming a subsidiary of China’s Shandong Ruyi Group. After filing for bankruptcy protection in May, i…
Tiffany accepts LVMH price reduction merger, total merger value is 100 million US dollars
The French LVMH Group, the leader in the global boutique industry, and the American jewelry brand Tiffany have recently reached an agreement on a merger. Tiffany accepted LVMH̵…
Vietnam exports yarn, 10,000 tons
In September 2020, Vietnam exported 2.883 billion US dollars of textile and clothing, a month-on-month decrease of 2.79%, a year-on-year increase of 1.34%; the exported yarn was 16…
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Indonesian textile exports to Türkiye plunge due to COVID-19 and additional tariffs
Due to the COVID-19 epidemic and Turkey’s implementation of additional tariffs, Indonesia’s textile exports to Turkey have declined sharply. According to data from the Indonesian M…
Pakistan’s home textile and apparel exports surged year-on-year before fiscal year
On December 3, Daoud, the Commercial and Investment Advisor to the Prime Minister of Pakistan, held a meeting to hear a report on Pakistan’s import and export situation. Data show …
New silk reeling factory built in Chin State, Myanmar
Myanmar’s “Global New Light” reported on December 3 that according to news from Chin State in Myanmar, the newly built silk reeling factory in Tiddim, Chin State,…