FW
Pakistan faces wasted cotton crop, mill closures, job losses
Pakistan’s textile sector is facing serious difficulties after a portion of the cotton crop was washed away by floods.
Pakistan imported three million cotton bales last year and needs to import at least five million bales during the current fiscal year due to damage to the crop by recent floods.Current estimates of losses to the cotton crop due to floods are 3.5 million bales, accounting for 36 percent of the expected yield this year.
Pakistan decided to reverse the competitive power rates for industries. In protest, textile millers have decided to shut down all textile industries in the country. More than 1000 textile mills have already been closed down. Almost 50 to 75 processing mills are closed and almost ten printing mills are closed in Faisalabad region. Similarly 50,000 looms mills closed due to the high price of electricity. Factories received bills at rates per unit which were too high. Almost 300 to 350 embroidery machines have been closed till date. The closure of the textile industry will cause a huge loss to domestic exports.
Five million employees will lose their jobs and 30 million people will be affected due to the closure of textile industries. The industry wants electricity and gas to be provided at competitive rates and without interruptions.
SIMA hails zero duty on MEG
India has decided not to levy an anti-dumping duty on Monoethylene Glycol (MEG).
MEG is a major raw material used for the manufacture of polyester staple fiber. The Southern India Mills Association (SIMA) has welcomed the decision since adequate availability of polyester staple fiber at an internationally competitive rate would fuel the growth of technical textiles. This, SIMA says, is necessary as with the cotton shortage, several hundreds of spinning mills, weaving mills, knitting and garment capacities in India are switching over to polyester textile clothing manufacturing. So the decision sustains the financial viability of these segments apart from protecting the jobs of several lakhs of people.
The Production Linked Incentive Scheme encourages large scale investment in the manmade fiber segment.Globally, the ratio of consumption of manmade textile fiber and cotton is 65:35. In India it is the opposite. India’s major growth of textiles is expected to come from manmade fiber industry. Once a stage is reached where the entire demand is fulfilled by domestic supply, raw material can be made available to lakhs of weavers involved in the polyester value chain, thereby leading to enhanced production of finished goods, enabling realization of the export targets. Expansion of production capacity of key raw materials for manufacturing of polyester viz Purified Terephthalic Acid and Monoethylene Glycol is essential for increased production of the downstream industry.
New dates for White Milano
White Milano will be held in Italy, February 24 to 27, 2023. The decision was taken after the successful edition of September 2022 when the event registered the presence of 16,000 visitors, 23 per cent more than those registered in September 2021, and 18 per cent more international buyers, when compared with the corresponding edition of last year when the show took place in five different locations, hosted 400 brands and presented 65 side initiatives including special projects e-events.
The decision of postponing the event by one day aims to respond to the strategic need of facilitating fashion operators with their schedules, yet still aligned with the dates of international fashion weeks. The organizers came to this decision after carefully analysing the needs of customers, the flow of buyers and international press, the schedules of buyers and the international media. The change is meant to facilitate the operations of professionals and appointments planning. All the show locations expect to host a higher number of trendy international brands, established labels, new generation designers, innovative formats and a rich schedule of events linked to the world of sustainability.
The organisers feel the change will facilitate the work and appointments planning of the entire professional involved.
Intertextile Shanghai A/W in August’ 23
Intertextile Shanghai Apparel Fabrics A/W edition will be held in China, August 28 to 30, 2023, while Spring Edition will be taking place from 8 – 10 March 2023 at the National Exhibition and Convention Center in Shanghai.
The event allows for integrated business interactions and promotes the advancement of the industry. As a global flagship for the industry, Intertextile Shanghai Apparel Fabrics is regarded by many suppliers as their go-to textile trade fair.
The AW fair will feature pavilions from Germany, Japan, Korea, and Taiwan while companies will be presenting their products at group pavilions. These include Lenzing, the manufacturer of plant-based fibres; Sorona, the high-performance polymer producer; and Hyosung, the end-to-end international textile maker.To enable more targeted sourcing, the fair will make use of featured product zoneswith domestic exhibitors also grouped by product end use. This is a place to meet all upstream and downstream customers to discuss technology, innovative ideas and to imagine the future.
Intertextile Apparel is a large-scale and comprehensive fair with both product and trend displays. The fair is a one-stop platform for big trading businesses. Intertextile Apparel’s Trend Forum, seminars, panel discussions and product presentations will cover topics on sustainability issues, design and trends, market information and business strategies as well as technology and solutions.For added value, fairgoers can make use of online business matching services.
Indian yarn exports down 42 per cent
India’s cotton yarn exports declined by 42 per cent from April 2022 to August 2022. The decline was majorly contributed by the top export destinations Bangladesh and China where exporters saw a drop of 36 per cent and 93 per cent respectively. Cotton yarn shipment from India to Portugal too came down drastically by 56 per cent. On the other hand, Indian cotton yarn exports to Egypt rose by five per cent while exports to Italy were up by 132 per cent.
While India’s yarn exports showed a downward trend this year, its imports from Vietnam have jumped.The far-eastern country was earlier one of the major markets for Indian cotton yarn. The scarcity of cotton along with a comparatively higher price in India has resulted in a shift in its trade dynamics with Vietnam.
Cotton prices in India are still ruling higher than those in the international market.India’s yarn exports to Vietnam dropped to $6.485 million in July 2022 from $18.084 million in February 2022. India’s yarn exports to Vietnam had registered growth during the preceding years.
But fiscal year 2022 had proved to be a great one for Indian cotton yarn exporters as they managed to tap 92 per cent growth on a yearly basis.
India: GHCL Q2 net profit up 212 per cent
In the second quarter GHCL’s net profit climbed by 212 per cent. Net revenue grew by 73 per cent during the second quarter. The company’s inorganics chemical division’s revenue grew by 98 per cent. Textiles business revenue rose by 11 per cent. The company’s ebidta increased by 159 per cent.
GHCL is an Indian chemical and spinning company and sees its robust performance in the quarter as testimony to its focus on operational excellence and sustainable business practices. These factors coupled with a positive demand and the ability to leverage its manufacturing expertise has been instrumental in ensuring strong topline and profitability trends.
GHCL believes it is well poised to channelize its experience and expertise to demonstrate an industry leading performance in the years to come. The chemical and textile company will set up 40,000 ring spindles in Tamil Nadu to produce synthetic and synthetic blended yarn to cater to the knitting and weaving segments.
GHCL also plans to develop an extra high tension power transmission facility to ensure uninterrupted power supply.It will install another 40,000 ring spindles with 24 knitting machines in Madurai district to produce 100 per cent cotton yarn and knitted fabrics. The company has a commitment towards sustainable business practices and reducing its carbon footprint.
ColorJet appoints textile head
ColorJet has appointed Arun Varshney as vice-president and business head textile.
Varshney has an experience of over 28 years in the textile industry. He started his professional journey with Voltas in 1994 as textile engineer. He is expected to add value to ColorJet’s textile business. With this key appointment, the company is looking forward to expansion in new market segments along with driving growth in the existing markets.
ColorJet, about 25 years old, is known for clean, efficient,profitable manufacturinghas a technologically advanced and innovative product line and offers solutions to those looking for more environment-friendly textile printing processes. The company has a 70 percent share of textile printing products sold in India, has machines catering to the apparel industry and the home textile industry. Within the apparel industry it has machines for direct to fabric and sublimation along with machines for reactive ring, dispersing. The company’s business is growing since customers are shifting from conventional printing technology to digital printing technology. This has the advantage of low operating cost, low maintenance. Also job runs are getting shorter by the day. And the strains on spinning, weaving and big process houses are driving people to digital printing.
Performance Days to focus on CO2 neutrality
Performance Days, Germany, November 3 to 4, 2022, will focus on CO2 Neutrality.
As part of a roadmap, the topic will accompany exhibitors on their way to climate neutrality. To coincide with the winter fair, the event organizers will now move on to phase 2 of a 3-phase plan.
In the Performance Forum, focus topic category, the green light to participate was exclusively given to fabric innovations that could certify initial values in CO2 reduction for the submitted fiber innovations. In combination with the current Higg Index, the aim is to make it possible in the future to achieve a better assessment of the CO2 balance in the production and development of new materials and fibers for the industry itself.
Among the issues are comparing the values of natural fibers such as wool with those of recycled polyester, bio-based nylon or recycled wool, dealing with the various qualities on the one hand and with different strengths on the other and the importance of such factors as the production site and production processes within this context. Additional performance codes such as CO2 neutral and CO2 reduced are intended to make the approaches to CO2 reduction visible also for the winter edition.
Cisma’23 to focus on intelligent sewing
The 2023 edition of Cisma will have intelligent sewing tech and digitalization solutions as its theme.
Cisma is a sewing technology exhibition that takes place in China. The edition in 2023 will provide a much better and bigger platform for technology companies to tap the rising demand for Chinese sewing equipment worldwide.
Cisma 2021, which attracted 22,304 visitors despite Covid restrictions in the country, proved to be a platform for companies to display intelligent and automated sewing technologies, particularly automatic adjustment of stitch distance, presser foot pressure, thread tension and material thickness sensing. China is a global manufacturing base of sewing equipment. Since 2019, China’s export of sewing equipment has surpassed domestic sales.
Over time the sewing machine industry has expanded from clothing, home textiles and traditional industries to automotives, industrial textiles as well as aerospace and other fields.
Cisma will provide a one-stop business experience platform. The layout of the exhibition hallwill be based on product category, the actual development of the industry and the entire industry chain. The exhibition will display different types and models of machines, differentiated brands, and distinctive products.Thesewing machine industry, after a sustained downturn, is once again facing a market demand, a huge customer base and is ready with innovation, thriving enterprises and exciting products.
Strong dollar, weak demand hit Chinese cotton two-year low
China’s cotton market is set to close at a two-year low. A strong dollar and weak demand have hit trade. The country’s persistence with Covid Zero is hurting consumption and disrupting supply, and soaring global inflation has sappedthe demand for cotton products.
China is the world’s biggest consumer and importer of cotton and the top exporter of apparel and textiles. It produces about three-quarters of the cotton it needs for processing and imports the rest, mainly from the US, though annual imports through September have fallen about a fifth from last year.
The battle to contain a jump in virus cases is putting renewed pressure on China’s economy. More and more places are becoming subject to curbs. Demand for clothing is weakening as people stay at home and spend less, shrinking operating rates at textile mills, which in turn are buying less of their raw material.On the supply side, lockdowns in the northwestern region of Xinjiang, the source of almost all of China’s crop, has slowed the purchase and transport of the commodity, again forcing manufacturers to cut production. The amount of cotton processed in China is almost 50 per cent below last year’s levels. Expectations of a bumper domestic crop this autumn are adding to the pressure.












