FW
Vietnam’s textile export earnings up 16 per cent
Vietnam’s earnings from garment and textile exports in 2018 were up 16 per cent. The country is now one of the biggest garment and textile exporters in the world. The Comprehensive and Progressive agreement for Trans-Pacific Partnership (CPTPP) is forecasted to create a driving force for Vietnam’s industry in 2019 and later. Strict regulations will prompt Vietnamese firms to make changes to develop more sustainably and win the trust of global consumers. It will also put pressure on companies to cooperate with one another to form supply chains and actively attract investment to improve their production and business performance.
More than 6000 businesses are operating in the textile-garment industry of Vietnam. Despite its relatively fast growth, the industry still has certain weaknesses, especially in compliance with rules of origin. This is considered one of the sector’s major challenges as it strives to capitalise on new-generation free trade agreements including the CPTPP. Businesses need to actively seek cooperation chances in terms of equipment and material supply so as to meet rules of origin in FTAs and enhance their competiveness in the global market. A switch from a made-to-order model to the production of goods created by themselves will help the sector gain strides in sustainability.
Bangladesh: BTMA demands VAT exemption for yarn and fabric
Bangladesh Textile Mills Association (BTMA) has urged the government to include yarn and fabric as VAT exempted items as the sale of local yarn and fabric has declined drastically. BTMA says, sale of fabric and local yarn in the country has reduced drastically and 50-60 per cent of the looms have remained closed for a long period of time. The yarn, fabric and other dress-making materials are being imported under mis-declaration and duty-free facilities, causing threat to the local mills. Woven dying mills have reduced their capacity below 40 per cent while export-oriented spinning mills are forced to sell their products at a lower rate compared to their production cost resulting in huge stockpiling of yarn and fabric.
BTMA has demanded an increase in cash incentives to 15 per cent from existing 4.0 per cent besides a strong monitoring to stop imports under mis-declaration and misuse of the bonded warehouse facilities. The association also urged the government to launch a drive in the textile producing areas to prevent sales of illegally imported yarns and fabrics and to ensure proper management of bonded warehouses.
UK companies rethink Turkish sourcing
If a no-deal Brexit deal goes ahead, UK companies will have to decide if the advantages of sourcing in Turkey – speed and flexibility – outweigh the additional costs 12 per cent tariffs would entail. New tariffs be temporary – they would apply for up to 12 months -- while a full consultation and review on a permanent approach to tariffs is undertaken. However, they would come at a difficult time for UK retailers, who are facing tough trading conditions and a weak sterling-to-euro and US dollar exchange rate. As a result, the threat of even temporary tariffs has caused concern among UK retailers and brands already cautious about sourcing from Turkey because of high costs, political unrest and ethical concerns. Hence, they may look at alternative sourcing destinations.
To go from no tariffs to tariffs on certain products would increase the cost of importing clothing from Turkey. That is a big enough number to make retailers think about changing their sourcing strategies.
So far there were clear advantages of sourcing from Turkey. Turkish factories offer fast repeats of popular styles. So, brands can buy smaller initial volumes of stock and see what happens, and so the warehouse isn’t full of poor-selling lines.
Levi Strauss women’s denim business sees good growth
Levi Strauss’ women’s business has grown 18 per cent. This has been the 15th consecutive quarter of growth in women’s with the last nine quarters being double-digit. As of now the women’s category sales represent about 30 per cent of Levi Strauss’ total sales.
US-based Levi Strauss is best known for men’s blue jeans. The underlying trend could well sustain growth for years to come as well, as more women - especially younger consumers are constantly eyeing fashion trends choose denim products. Jeans targeted at curvier women are a key selling item for Levi’s specifically and have spurred the rapid growth of the segment in the US and Mexico. That extends beyond jeans as jackets and tops are key items flying off shelves.
The global denim market is growing at a CAGR of 5.8 per cent. Denim jackets are the new power dressing. Celebrity acceptance of this fashion choice and adoption in fashion shows are an indicator that they can provide growth for manufacturers beyond traditional jeans sales. Jeans have always offered form, fashion, and function but now they are offering the comfort today’s consumers want. It’s a win-win for consumers, jeans manufacturers, and retailers.
Aquafil Group’s Econyl regenerated nylon leaves a positive impact on environment
Econyl regenerated nylon is made out of waste that’s been rescued from landfills and oceans around the world. It performs exactly like brand new nylon and can be recycled, recreated and remolded again and again. Virgin nylon depletes resources. Econyl has a positive environmental impact because it can be recycled infinitely. Econyl can be regenerated an infinite number of times without quality issues since it is a chemical recycling system, not a mechanical one. Econyl is generated from waste from pre-consumer textile scraps and industrial plastic as well as post-consumer waste including used carpets and fishing nets. For every 10,000 tons of Econyl raw material, 70,000 barrels of crude oil are saved. Using Econyl also reduces the global warming impact of nylon by up to 80 per cent compared with the material generated from oil. Designers can have the option to create styles using regenerated nylon over and over again without having to tap new resources to create virgin nylon.
Econyl was developed by the Aquafil Group in 2011. Aquafil, based in Italy, is a leading manufacturer of synthetic fibers for the textile industry. The company was established more than 50 years ago and is focused on developing material for the carpet and apparel industries. Over the past decade Aquafil has invested significant resources in the research and development of sustainable materials.
Technology aids apparel manufacturing and retail
Tech is revolutionizing how apparel is made, sold, and worn. Shoppers expect their in-store experiences to be just as seamless as online shopping, which places significant pressure on retailers to deliver.
Augmented reality mirrors are changing the way consumers try on clothes. A person can stand in the mirror and get to see what the apparel is going to look like. Not only does this save time and help them to visualize the fashion, it eliminates the need to try on clothing that hasn’t been cleaned or has been tried on by many people.
Retail workers with access to options such as enterprise mobile computers, tablets, and RFID tags can better move customers through a sale. Much like consumers would use their phones to glean product information or availability prior to visiting a store, store associates equipped with enterprise mobile computers and tablets can instantly access product information, inventory data and more — allowing them to provide customers with a higher level of service on the sales floor without leaving their side.
A smart shoe paired with an app to adjust for fit can remember, via a paired app, how tight or loose a person prefers their footwear — not just one setting, but in different situations like warm-ups, gameplay and while resting on the bench.
World cotton consumption to be record high in 2019-20
International Cotton Advisory Committee forecasts world cotton consumption to reach a record high level of 27.3 million tonne in 2019-20. This is an increase of 1.4 per cent compared to the previous season. Global production, during the period, will increase to 27.6 million tonnes, an increase of 5.7 per cent compared to the previous season. This forecast is supported by a six percent rise in global yields to 817 Kg/ha.
The ICAC says price model, the Cotlook A Index will average 81.25 cents per pound in the upcoming season. The Cotlook A Index reflects the price movements of raw cotton, with a focus on deliveries in Asia. The ICAC’s projection would be lower than the Cotlook A Index of 88 cents/lb in 2018/19 and 83 cents/lb in 2017/18. The CIF Bremen price index for cotton on the European northern continent stood at 88.85 US cents/lb on 3 April. The CIF Bremen index reflects the daily value of cotton and is published by the ‘Committee for Standards, for the Determination of Value Differences and for Price Quotations’ at the Bremen Cotton Exchange.
Increases in worldwide acreage and production are also expected in 2019/20 as farmers, especially in the United States, China, India and Pakistan respond to favorable cotton prices compared to competing crops.
Taiwan offers textile innovations
Taiwan’s textile industry has for many years supplied innovative solutions to many of the world’s leading sports and outdoor brands. Every major brand in the world depends on Taiwan for leadership in textile development, innovation and quality. As one of the leaders in chemical fiber, Taiwan has developed various functional and eco-friendly textiles for the global market, thereby being recognized as an international sourcing hub. After more than 60 years of development Taiwan's textile industry has evolved from a mass production textile supplier to a textile innovator equipped with a comprehensive yet integrated value chain.
While traditional textiles still have an important share in Taiwan’s textile output, the extraordinary performance achieved by local enterprises in the field of eco and multifunctional textiles has redefined Taiwan’s status in the global textile market place.
The Taiwanese textile industry has developed environmentally-friendly concepts and done recycled polymer and polymer blends. From yarns for apparel to industrial and sport accessories, recycled yarns are growing in importance and are a core part of Taiwan’s textile industry. Mixtures of new technologies and fashion allow new design elements that were hard to imagine in the past. Polymer based yarn developments in polyester, nylon, recycled and blended with natural fibers lead the way.
New Delhi Denim Show to be held in August
The Denim Show will be held in New Delhi from August 10 to 12, 2019. This is a platform for suppliers, manufacturers, distributors, retailers, designers and other stakeholders in the denim and allied industries. Prominent denim manufacturers like Ginni, Oswal, Jindal Textiles, Raymond UCO, Arvind, Reliance, Mafatlal will exhibit their products. Exhibitors will get the opportunity to present their latest innovations to the target clientele, which will help them in generating leads and closures within a short time. The presence of the who’s who of the industry ensures that the event attracts the right kind of audience. Besides catering to the needs of exhibitors, it also offers an excellent opportunity for visitors to take a glance at changes happening in the methods of denim manufacturing and understand how to overcome the challenges faced by the industry as a whole. It has, thus, become a one-stop shop where the entire denim fraternity can assemble to promote, witness and study the latest innovations in engineering.
This year, the show will be more special as apart from promoting new denim manufacturing solutions it will also emphasise on the concept of circularity in the denim industry. There will be a focus on eco-friendly technology and processes, and allow various stakeholders to give their valued insights for the benefit for the entire industry.
Huntsman wins export award
Kandla Special Economic Zone, based in Gujarat, has given Huntsman Textile Effects an award for the export of dyes, chemicals and digital inks. Huntsman Textile Effects, a global provider of high quality dyes, chemicals and digital inks, was awarded under the service and trading category for timely execution of exports, error-free documentation and on-time post-shipment formalities. The company has a warehousing facility in Gujarat. The facility is a consolidation hub and has an export capacity of 400 metric tons a month. The warehouse was previously recognized by the Kandla Special Economic Zone in 2011, 2012, 2013 and 2014. The top ten units of the zone are awarded in various categories such as manufacturing, trading, job works and export services, among others.
With operations in more than 90 countries and six primary manufacturing facilities in six countries (China, Germany, India, Indonesia, Mexico and Thailand), Huntsman Textile Effects uses cutting edge technology to develop solutions and create innovative products with intelligent effects such as durable water repellents, color fastness, sun protection or state-of-the-art dyes which reduce water and energy consumption.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals. Its chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets.












