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Worries over Vietnam garment export
Garment exports from Vietnam has been falling in the recent past. For example, Thanh Cong Garment, one of a few Vietnamese garment companies that owns a yarn – fabric – garment production line that has a strong demand from South Korea and the US, has seen a contracts decrease considerably from foreign partners in the first six months of the year.
Danfoss ranked No. 1 in hydraulic motors
The Danfoss Group can now call itself the world leader in hydraulic motors after closing its bid to acquire US-based White Drive Products Inc
India seeks new export markets for wool
India's wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.
US coated fabric demand to reach 650 mn sq yards
Demand for coated fabrics in the US is forecast to increase 2.1 per cent per year to 650 million square yards in 2020. Coated fabric usage is highly dependent on two factors: the production of end products and the level of competition from alternative materials, such as leather, plastic and rubber sheeting, and uncoated fabrics. These and other trends are presented in Coated Fabrics, a new study from The Freedonia Group, a Cleveland-based industry research firm.
FTA with US, EU soon?
The Free Trade Agreement between India and EU will be signed at the earliest since the dialogues between the two countries have been revived, said Rashmi Verma, Union Secretary (Textiles), said at the inaugural of the 42nd India Knit Fair.
India to export more cotton?
The US Department of Agriculture (USDA) has raised India’s cotton export forecast in April 2016 on account of increased demand form Pakistan. India’s exports are boosted 250,000 bales to 5.8 million on strong demand, especially from Pakistan, USDA said in its latest report. “Strong textile exports, especially of apparel and bed wear, have forced Pakistan’s textile sector to look to imported cotton, especially from India, to make up for a significantly smaller crop,” according to the report.
$317-mn hub for next-gen textiles in US
Aprivate-public collaboration will invest $317 million towards developing next generation textile industry in the United States. According to a just released statement from the U.S. Department of Defense, a consortium of 89 universities, industry and non-profits organised Cambridge, MA-based Massachusetts Institute of Technology (MIT) will form the “New Revolutionary Fibres and Textiles Manufacturing Innovation Hub.”