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M will import 100 million masks from China and other overseas production facilities
3M (MMM.N) has won a contract from the U.S. Department of Defense to further expand the production of N95 masks in the United States. 3M (MMM.N) will increase U.S. N95 mask product…
As domestic and foreign demand increases, yarn prices in Pakistan recover
In the past week, Pakistani weaving factories have resumed work one after another. The factory operating rate has gradually increased, demand has begun to increase, and Pakistani y…
Indian yarn prices continue to fall as demand declines
In the past week, due to the epidemic blockade, many textile mills have remained closed. The decline in demand has caused Indian yarn prices to continue to fall. Currently, domesti…
Mongolian cashmere prices fell by approximately %
According to the Mongolian “Government News” newspaper, “www.gogo.mn” and other media sources, the current price of Mongolian cashmere is 50,000 yuan/kg (ab…
Mexico launches anti-dumping investigation into Chinese polyester filament
On March 31, 2020, the Mexican Ministry of Economy issued an announcement to launch an anti-dumping investigation into polyester filament originating in China upon the application …
H&M Group lays off people
According to a report by Svenska Dagbladet on May 8, H&asdfssdfsmp;M Group laid off 450 employees and 800 consultants. Most of the layoffs were affected by the COVID-19 epidemi…
Epidemic stimulates e-commerce development in Pakistan
According to a report by Pakistan’s “Express Forum” on May 9, during the epidemic, traditional offline sales models around the world mostly stagnated, but e-comme…
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The U.S. apparel retail industry faces transformation and consolidation
According to the Wall Street Journal, U.S. apparel retailers such as J Crew, Neimas Mascus and J.C. Penney have been forced to close due to the COVID-19 epidemic and are currently …
Global textile turnover is expected to decline by %
Global textile turnover is expected to drop by an average of 33% in 2020 compared with 2019, and textile manufacturers will face more severe challenges in the future. The impact of…
Egypt’s Prime Minister calls for further expansion of mask production
According to Egypt’s “Daily News” on May 7: Egyptian Prime Minister Madbouly held an online meeting on May 6 to follow up on Egypt’s continued efforts to fi…