US textile and apparel (T&A) imports decreased 6.98 percent to $15.580 billion in the first two months of 2021, compared to $16.749 billion in January-February 2020. As per China Textile, with 28.54 percent share, China was the largest supplier of textiles and apparel to the US during the two-month period, followed by Vietnam with 14.83 percent share.

During these two months, US’ apparel imports valued at $10.914 billion, while non-apparel imports accounted for the remaining $4.666 billion, according to the latest Major Shippers Report, released by the US Department of Commerce.

The country’s imports from Pakistan grew by 13.45 percent year-on-year while imports Indonesia, Jordan and India registered a sharp decline of 29.64 percent, 23.39 percent and 21.89 percent respectively.

In the non-apparel category, imports from Turkey, India and Pakistan increased by 48 percent, 20.48 percent and 19.98 percent, respectively. On the other hand, imports from South Korea declined by 0.89 percent to $118.362 million. Of the total US textile and apparel imports, cotton imports amounted to $6.951 billion, while manmade fiber products accounted for $7.994 billion, followed by $326.278 million of wool products and $308.562 million of products from silk and vegetable fibers.

US senators plan to set up Reconstruction Opportunity Zones (ROZs) in Afghanistan-Pakistan border regions and have introduced the Pakistan-Afghanistan Economic Development Act for this. ROZs will allow certain products from these areas to enter US duty-free. They will generate a great economic opportunity for the people in the war-torn areas and lay the groundwork for a more stable region, said the Senators —Chris Van Hollen, a Maryland Democrat; Todd Young, an Indiana Republican; and Maria Cantwell, a Washington Democrat.

Prabhu Dhamodharan, Convenor, Indian Texpreneurs Federation believes, ROZ will give Pakistan an edge over other competing Asian countries. It will boost Pakistan’s import of US apparels from the current 2.5 per cent. To increase its market share, the Indian government needs to derive an action plan to get some duty advantage for products like apparel, adds Dhamodharan.

British online menswear brand TM Lewin has partnered British & Irish Lions for the 2021 Castle Lager Lions Series. As per Apparel Resources, TM Lewin will provide the required apparels and accessories to the British & Irish Lions teams. The designs of these apparels have been specifically made for the upcoming rugby series. The bespoke collection comprises a custom, deep blue Prince of Wales check for the tour blazer.

Casualwear includes an exquisite embroidered padded gilet in addition to having stone-coloured chinos and a signature TM Lewin button-down Oxford shirt. James Cox, Director, TM Lewin and Torque Brands, said that the brand wants to make clothes that empowers its consumers to take on the world.

Founded in 1898, the online menswear brand is known for its shirts, suits, jackets, ties and chinos, amongst others. The brand also sold over 30 million of its iconic TM Lewin ‘original’ easy-to-iron shirts, which makes them Britain’s favorite shirts.

Domestic yarn exporters in Karur, Tamil Nadu have requested yarn trade authorities to loosen up import laws on cotton to offset the increasing yarn cost. Yarn costs have increased over 60 per cent in the last two months which is affecting domestic exporters in the Karur area. While half the yarn created in the nation is from Tamil Nadu, home material units secure it from plants in Coimbatore and Dindigul regions. In spite of the fact that the lockdown implemented in Walk 2020 had unfavorably influenced the home material business, things fired looking into five months after the fact in August.

M Nachimuthu, President, Karur Material Exporters Affiliation says, the increase in yarn costs is influencing their overall revenues. Little and medium units reprimand it on the enormous units for storing cotton yarn and selling it in the bootleg market, adding to the expense, he adds.

R Harden Babu, Chief Council Representative, Karur Material Exporters Affiliation, adds, costs are expanding as a result of the unscrupulous acts of huge home material units. Significant exporters are impeding yarn supply by making mass appointments and keeping little players from getting it.

S Jagadesh Chandran, Vice President, South India Spinners Affiliation, blames the Partnership of India (CCI) for the increase in yarn prices. The expense of a kilogram of a kilogram of cotton presently is fixed at Rs 140 by CCI, which is Rs 20 higher than the expense before the Coronavirus episode. Unless the government cuts down crude cotton prices, yarn prices are not going to decline.

The Ministry of Labor and Vocational Training and the Garment Manufacturers Association in Cambodia (GMAC) has sought no penalties from buyers and other stakeholders for delay in orders due to current lockdown measures. In Q1 FY21, Cambodia’s garment product exports declined by 10 per cent, according to figures from the Ministry of Economy and Finance. Most Cambodia’s garment factories remained closed during the quarter due to a rise in COVID-19 case in Phnom Penh and Takmao city, Kandal province, reports Khmer Times.

The Royal Government of Cambodia also announced a two-week lockdown in Phnom Penh and Takmao from April 15 to May 5 to contain and prevent the spread of COVID. The ministry has been urging international buyers to show flexibility and understand the condition in Cambodia’s garment sector. Spokesperson Heng Sour said the full production chain will be normal once the COVID-19 situation is better and they will be able to supply products quickly.

Lenzing is promoting group-wide climate neutrality by investing €200 million in Asia . Leading global supplier of wood-based specialty fibers, the Lenzing Group plans to invest more than €200 million in its production sites in Purwakarta (Indonesia) and Nanjing (China) to convert existing standard viscose capacity into environmentally responsible specialty fibers.

In Nanjing, China Lenzing plans to establish the first wood-based fiber complex in China that is independent from coal as an energy source. By using natural gas based cogeneration, Lenzing will reduce CO2 emissions at the site by more than 200,000 tonne. At the same time a line of standard viscose will be converted to a 35.000 tonne TENCEL™ branded modal fibers line making Lenzing (Nanjing) Fibers Co, a 100 percent wood-based specialty fiber site by the end of 2022.

In Purwakarta (Indonesia), Lenzing will reduce its CO2 emissions by increasingly using biogenic fuels. It will make additional investments to make this facility fully compliant with the EU Ecolabel by the end of 2022. This will allow it to convert standard viscose capacity into Lenzing™ Ecovero™ branded fibers for textile applications as well as Lenzing™ Viscose Eco fibers for personal care and hygiene applications. As a result, the site in Indonesia will also become a pure specialty viscose supplier as of 2023.

Both investments are fully in line with Lenzing’s target to reduce its greenhouse gas emissions per ton of product by 50 percent by 2030. By avoiding or reducing the use of fossil fuels at the two sites, the Lenzing Group will be able to reduce CO2 emissions by more than 320,000 tonne in total, or 18 percent, compared to 2017.

The European Parliament has voted in favor of the EU-UK Trade and Cooperation Agreement to set the rules for the future EU-UK relationship. The agreement formed on December 24, 2020, has been provisionally applied since January 1, 2021. With the Parliament consent, the agreement will enter into force permanently. The zero quotas and zero tariffs trade agreement between the EU and UK is being viewed positively by members of European Parliament (MEPs) as it guarantees on fair competition rules, Members of European Parliament (MEPs) add.

However, MEPs regret that the UK did not want the agreement to extend to foreign, security and development policies and did not want to participate in the Erasmus+ student exchange program. Andreas Schieder (S&D, AT), Rapporteur for the Committee on Foreign Affairs, European Parliament says, the EU and the UK have created the basis for a relationship among equals. However, much work remains on foreign policy and educational exchange programs. For citizens’ interests to be represented, the parliament must be closely involved.

The Ermenegildo Zegna Group has signed a deal with Stellantis, the Amsterdam-based automotive company, to develop a sustainable mobility program. As per Women’s Wear Daily, the program would involve making the company’s fleet including 200 cars, eco-friendly by 2023 by introducing plug-in hybrid and full electric vehicles.

According to Carlos Tavares, CEO, Stellantis, the car company will introduce 30 different models of affordable plug-in hybrid and battery electric vehicles. It will also install charging stations in all its offices and facilities and will offer its employees fuel and charge cards for battery charging.

A signatory of the Fashion Pact, Zegna has been working on sustainability innovation for years. The brand has been recycling or upcycling wool, nylon and cashmere fibers, spinning or weaving them into new fabrics or stuffing them into puffers, shoulder linings or coat padding. It has also launched the ‘Use the Existing’ project to further signal its reinvention and zero-waste efforts in preexisting fibers in garments.

KPR Mills’ new 42 million capacity garments factory is expected to be commissioned by Q2FY22. The factory would be fully ramped up in eight to 12 months. Of total incremental capacity, 60-70 per cent will be utilized for existing customer with balance for new customers. Analysts at ICICI Securities expect the company's garmenting division to post revenue CAGR of 28 per cent in FY21-23E.

During Q4FY21, KPR Mills’ net profit more-than-doubled to Rs 186.16 crore in the fourth quarter of FY 21 as against Rs 80.91 crore profit posted in the corresponding quarter last year. Revenue from operations jumped 28 per cent to Rs 1,130 crore from Rs 882 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margins expanded 820 basis points to 24.7 per cent.

KPR Mills’ new sugar and ethanol plant is expected to be commissioned in Q3FY22 with company targeting revenue mix of 50:50 from ethanol and sugar division. With the new expanded capacity, the management is aiming at overall sugar revenues to cross Rs 1,000 crore in next two to three years.

NPD Group’s latest report says, Chinese spending on luxury clothing may increase in the current year. In 2020, Chinese consumers spent $12.29 billion on luxury apparels across the world through direct retail channels and $9.83 billion in mainland China. These consumers contributed almost two-thirds to global growth in luxury spending in 2020, despite COVID-19. Chinese consumers are also using duty-free shopping channel for its attractive pricing and the one-stop purchase experience. The Chinese government has introduced duty-free shopping in the Hainan island as part of its ‘Hainan Trade Free Port plan. Sales at Haitang Bay in Hainan, the largest standalone duty-free shopping complex in the world, grew 66 per cent in 2020 compared to 2019, the report said.

In 2020, China’s GDP grew 2.3 per cent; it was the only one of the world’s major economies that registered growth, says Stanley Kee, Managing Director, APAC, The NPD Group. This indicates a great potential for the Chinese luxury market which is expected to increase further in coming years, he adds.