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Zegna has unveiled its Techmerino spring/summer ’18 collection in collaboration with Woolmark. Techmerino is a fusion of the best attributes of merino wool with the most sophisticated wool processing and finishing techniques. The result is a breathable waterproof fabric that adapts to the ambient temperature and is quick drying. Techmerino introduces a new way to enhance the versatile characteristics of merino wool in the active wear market, highlighting the fiber’s ideal use for sporting activities.
Merino wool is one of the most technically advanced natural fibers in the world, with exceptional properties of moisture management and temperature control. It combines lightness, softness and breathability with outstanding performance, with no other fiber – natural or manmade – able to match all of wool’s benefits.
Ermenegildo Zegna has always chosen merino wool as the fiber of excellence for its collections and has a long-standing relationship with Woolmark.
The eclectic mix of contemporary Italian style and active wear emphasises uninhibited motion. As navy and deep ocean blues are paired with matt black and aluminum greys, subtle whites and vibrant maritime-inspired accents in yellow and orange are boldly decisive. Silhouettes are sharp yet easy, sportswear layering plays with innovative tailoring, cutting edge details and an ample use of nautical-inspired chromatic graphics encourage a sense of freedom and the thirst for adventure.
Monthly supply-demand estimates showing a largely unexpected cut in US 2017-18 exports and a buildup in world ending stocks outside China helped set the stage for a marketing week sell-off in cotton futures.
July lost 464 points for the week ended Thursday to close at 71.91 cents, its lowest close since December 30. December shed 363 points to settle at 69.47 cents, its lowest finish since December 28.
The market lost ground across the board five sessions in a row. July has closed on the plus side only once in the last ten sessions, while December has finished lower in five of the last six calendar weeks.
Disappointing US weekly export sales, with old-crop upland sales slowing to the second lowest of the marketing year, helped to keep the market in a steep downtrend.
US all-cotton export sales for shipment this season came in below expectations. Commitments held a lead of about 63 per cent over cumulative sales a year ago. The forecast is for exports to reach the second largest on record, up 58 per cent from last season.
Commitments stand at 103 per cent of the export forecast, compared with 101 per cent of final shipments at the corresponding point last season. Some of the 2016-17 commitments will be used to help meet domestic mill and export needs through about the first three months of the 2017-18 marketing year ahead of volume movement of the new crop.
On the US crop scene, cotton conditions improved during the previous week, with good to excellent up five percentage points to 66 per cent. That compares with 53 per cent good-excellent a year ago. Cotton rated fair dropped four points to 29 per cent and poor to very poor dipped a point to five per cent.
Disappointing US weekly export sales, with old-crop upland sales slowing to the second lowest of the marketing year, helped to keep the market in a steep downtrend. US all-cotton export sales for shipment this season came in below expectations. The forecast is for exports to reach the second largest on record, up 58 per cent from last season.
Commitments stand at 103 per cent of the export forecast, compared with 101 per cent of final shipments at the corresponding point last season. Some of the 2016-17 commitments will be used to help meet domestic mill and export needs through about the first three months of the 2017-18 marketing year ahead of volume movement of the new crop.
The projected range for the 2017-18 marketing year farm price remained at 54 to 74 cents. The midpoint of 64 cents is down from the 2016-17 price estimate of 68.50 cents, which was reduced 50 points, but up from 61.20 cents in 2015-16.
Swim Week Colombo 2018, taking place from June 27 to July 2 with runway shows on June 30 and July 1, will showcase the latest swimwear collections of eleven progressive Sri Lankan designers and three international designers. Swim Week Colombo is the foremost platform for swimwear designers in Sri Lanka as well as the region and brings together some of the leading minds in the fine art of swimwear the world over.
Sri Lanka is renowned globally for its world-class swimwear manufacturing capabilities, which has engineered and produced swimwear for some of the world’s finest swimwear brands. This will lends itself the potential to become a global swimwear hub.
Ajai V. Singh founder of Swim Week Colombo speaking at the launch stated that Swim Week Colombo is a strategic fashion development project which aims to showcase Sri Lanka as an expert is swimwear, resort and active wear. This year we are adopting a positioning which is close to our heart and creates an ecosystem based on Green Consciousness.
Swim Week Colombo is strongly attempting to take the position of the world's first eco-ethical fashion week, and branding has been developed as Swim Week Colombo, Green Conscious and Earth Sensitive. In order to qualify this, three pillars of impact have been detailed; impact on garment, impact on supply chain and impact on the environment. This season, each participating designer needs to implement any one or more of the above impacts to participate. So every collection is in some way contributing to being Green Conscious and Earth Sensitive.
The Southern India Mills’ Association (SIMA) says there will be huge accumulation of excess credit with 18 per cent GST rate on yarn and only five per cent GST rate and non-refund of accumulated input tax credit at the fabric stage.
SIMA feels this would significantly increase the fabric cost and seriously affect the independent spinning and weaving units including the power loom sector. The textile industry wants the GST rate on manmade fibers, filaments and yarns to be reduced from 18 per cent to 12 per cent and garments, made-ups and other sewn product related to job work to be included under five per cent GST rate of service tax.
As of now 18 per cent is the GST rate for manmade fibers, filaments and yarn. Refund of accumulation of input tax credit at the fabric stage that attracts only five per cent GST rate will not be allowed. Job work on garment and made-ups related activities has not been included under the five per cent rate of service tax.
SIMA says the differential rates and non-refund of accumulated input tax credit would not only affect the industry but also lead to wrong declaration and corruption. It has pleaded for refund of accumulated input tax credit at the fabric stage to protect the interests of the power loom sector.
Liquidity was low in the Brazilian cotton market in the first fortnight of June 2017 due to reduced supply in the spot market. Despite the interest in new acquisitions, some processors did not show interest in purchasing for quick-delivery in light of the low quality of the available batches.
Purchasers need to buy small volumes only to replenish inventories and/or to accomplish contracts. With the beginning of the 2016-17 harvesting, cotton from the 2015-16 crop continued concentrated with a few agents, who kept firm regarding asking prices, despite the reduced quality.
In this context, cotton prices oscillated in the market in that period. From May 31 to June 14, the CEPEA/ESALQ Index, eight-day payment terms, for cotton type 41-4, delivered in São Paulo, increased a slight 0.45 per cent, closing at 2.7910 BRL per pound on June 14. Agents were focused on trades involving the 2016-17 crop, mainly for shipment in the coming months and deliveries in Brazil.
Brazilian cotton production in the 2016-17 crop may increase by 15.4 per cent, totaling 1.488 million tons. The boost is due to expectations for a sharp increase at 17.4 per cent in productivity since the estimated area is 1.7 per cent smaller compared to the 2015-16 crop.
Kornit Digital has appointed Amaya Sales as an additional distributor for the United Kingdom. The distribution agreement covers all of Kornit Digital’s direct-to-garment printing systems.
Amaya specialises in the supply of high quality garment decoration equipment and associated software and accessories. The company provides complete service to the embroidery and digital print garment industry, from small business start-ups to large established set ups. Amaya has over 30 years’ experience in the industry combined with the expertise to help and to advice in all aspects of the business.
Kornit’s goal is to work with leading partners in all regions and the appointment of Amaya is an important milestone in the process of shaping up its European network of sales partners. The goal is to optimize the Kornit user experience in all regions of Europe.
For Amaya adding Kornit to its range of products completes a collection of top of the range brands in the garment decoration industry. Amaya will promote the leading Kornit range of products. On the digital print side of its business, Amaya will be able to offer equipment to companies ranging from small right up to the largest high production printing requirements.
Kornit Digital develops, manufactures and markets industrial and commercial printing solutions for the garment, apparel and textile industries.
Seeking to supply products to fast-fashion retailers throughout Europe.Japanese trading house Marubeni enters Europe's clothing market via Turkey. It is expected to spend 7 billion yen to 10 billion yen next month for a 45 per cent stake in the Istanbul-based company, Saide Textile. It will be the trading house's largest-ever investment in a fashion enterprise. Marubeni will send two people to Turkey to support operations.
Saide Textile designs and produces clothing, even manufacturing the sample products. Saide designs and produces clothing for major European SPAs. The Turkish company's annual sales have doubled in four years to around $180 million. From its offices in London, Saide looks plans products for production at partner factories in Turkey. It can finish the process from planning to delivery in as little as two months.
Marubeni business generates yearly sales of about 200 billion yen AS IT supplies garments to Japanese apparel companies from seven partner factories in Asia. To improve its ability to propose new products to Japanese retailers, Marubeni will use Saide's London office to challenge rival trading houses Itochu and Mitsubishi, which are doing good in apparel. On the other hand, Saide will gain access to Marubeni's partner factories in Asia, where labor costs are lower. The Turkish company aims to reach about $270 million in sales in four to five years thus getting a bigger production network from which to export to Europe.
Retailers of private-label apparel, or SPAs, Inditex continue to enjoy rapid growth owing to the popularity of their fast-fashion brands. A similar business model Uniqlo casual wear chain, follows. According to the World Trade Organization clothing exports from Turkey totaled $15 billion in 2015, Turkey is the world's seventh-largest clothing exporter thanks to its proximity to the European Union.
Mimaki’s 3D printer, 3DUJ-P, is based on Mimaki’s advanced UV inkjet technology.The 3DUJ-P offers high definition modeling with a maximum size of 500 x 500 x 300 mm. It is the world’s first truly full-color modeling solution and supports up to ten million different colors with the ability to achieve 84 per cent of the FOGRA39L color gamut with high definition printing.
The printer also includes a clear ink for stunning effects and a water-soluble support material that can be simply washed away.
Mimaki also has a new high-speed direct-to-textile Tiger-1800B printer. The machine has been demonstrated with both sublimation ink and reactive ink. It is updated to simultaneously load both textile pigment and sublimation dye inks. This enables the use of a single printer to print directly on a wide range of textiles without the need to change out ink systems.
In the textile market, there is a growing demand for shorter run and customised textile products. The Mimaki line of textile printers will enable fashion designers and interior decorators to quickly and cost-effectively meet these needs with very high quality. The printers are also being used for sampling, speeding time to market without breaking the bank.
Mimaki solutions have many different and interesting applications that are not common in traditional business but for which Mimaki solutions are ideal. This includes printing on innovative and unusual substrates.
Huntsman Textile Effects officially revealed an underground water tank that helped to address the shortage of water faced by Luna village. The newly constructed 500 KL underground water tank stores potable water to meet the needs of thousands of villagers.
Rohit Aggarwal, President of Huntsman Textile Effects at Huntsman Textile Effects shared his thoughts that water being essential and so he commented that it is their responsibility to create value for our stakeholders and to make a sustainable and vibrant world for future generations.
B.R Naidu, Zonal Officer, Central Pollution Control Board says that this initiative by Huntsman is a sustainable move as this will solve the perennial issue of water for Luna village for years to come.
The Luna village received water from Narmada water project but due to insufficient storage capacity, the water was drained away in nearby pond. In close consultation with major stakeholders like Sarpanch and Gujarat Pollution Control Board, Huntsman’s Baroda site management proposed the construction of a water storage facility as a long-term solution for the village.
The project was operated on a Public-Private-Partnership model and took close to two years to complete. Luna village takes over the running and maintenance of the water tank after the construction complete and all final inspections successfully concluded, Huntsman invested and managed the construction of the tank, working hand-in-hand with the Gujarat Water Board who undertook the laying of pipelines, drilling of wells and other underground work required for a complete water solution.
Huntsman Textile Effects runs a range of other community initiatives from its facility in Baroda, including its award-winning Anandi program.
