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PricewaterhouseCoopers BD and the BGMEA recently organised a seminar on ‘Driving Transformation in Bangladesh’s apparel industry’ in Dhaka. It was inaugurated by Mamum Rashid, Managing Partner, PwC Bangladesh, who made the welcome address. This was the first ever PwC-organised seminar in the port city. Experts at the seminar were positive about achieving the target of $50 billion apparel exports by 2021. They believe there is no significant change in the market share of RMG exports in the EU countries over the last few years and export diversification to non-traditional markets including India and Russia can provide a big opportunity for growth.
Experts at advised the Bangladesh government to establish environment-friendly apparel factories by ensuring 9.0 per cent interest on loans. These loans will be disbursed to entrepreneurs who intend to establish green factories, raise local textile plants with modern machinery, management practices, infrastructure development and enhance port facilities for efficient logistics in this fiscal year.
The ongoing indefinite transporters strike has resulted in a staggering loss of upto 1,500 crore for the textile industry. The knitwear export has been declining since October 2017, and in the second half of 2017-18, the decline was to the tune of 21 per cent as compared to the corresponding period in 2016-17. In the first quarter of the current financial year also, the export has declined by 21 per cent as compared to the same period in 2017-18.
The strike has affected the entire textile industry hitting its production, fund flow, employment, credibility and reputation. It has forced the units to suspend their production in the absence of no supply of raw material. Many units work on the basis of just-in-time arrival of raw material, and this strike would lead to loss of livelihood for lakhs of casual workers. Even regular workers would have to do with lower wages in the absence of production incentives and overtime.
T-Shirt & Sons has placed an order for a second high-productivity, low cost-per-print Kornit Vulcan system. The company is a producer of quality printed clothing and accessories for high-profile clients across the globe within retail, art, music and charity markets. It offers dropship production services to garment retailers. It has been one of the largest direct-to-garment printers in Europe over the last few years, with an impressive installation of 16 Kornit Avalanche 1000 systems, spread over two locations in the UK and the Netherlands.
On an average, T-Shirt & Sons produces 9,000 garments per day, with peak time deliveries amounting to 18,000 garments per day. In May 2018, the company invested in its first Kornit Vulcan System to offer high-definition prints with an unparalleled color gamut and exceptionally soft hand feel to its customers. The smooth installation process, quick ramp-up and fast ROI of their new direct-to-garment workhorse, convinced T-Shirt & Sons to invest in a second unit quickly. The second Kornit Vulcan system will be installed in the third quarter of 2018.
French textile machinery manufacturers are leaders in long fiber spinning, yarn twisting and control, space dyeing, heat setting for carpet yarns, carpet systems, dyeing and finishing, felts and belts for finishing processes, nonwovens, air conditioning of textile plants and recycling processes of textile materials. These technologies will be on display at ITMA Asia + CITME 18.
Among the exhibitors will be Laroche a major player in the textile waste recycling and airlaid nonwoven fields and is now involved in new technologies for turning post-consumer goods into valuable products. NSC Fibre To Yarn has made technological advances to its product range: a new GC40 family drawing machine, the GN8 intersecting drawing machine, an evolved ERA comber.
Superba TVP3 heat-setting line offers the highest pinpoint definition with a saturated steam process. Improvements have been made in Superba’s space-dyeing technology, like bicolor printing, or dyeing polyester yarn.
Fil Control has been developing and producing electronic devices for both machinery manufacturers and textile industrialists. The company stands as one of the market leaders for yarn cutters, which can satisfy all kinds of bespoke demands, yarn sensors, utilizing capacitive, optical, reflective and piezoelectric technology, and quality control devices, such as the tension sensor and the digital length meter. The new tension sensor MYT-T is a load cell sensor devoted to assembling, winding and texturing operations. The sensor delivers an analog signal proportional to yarn tension. This information can be used by the machine controller to keep yarn tension constant or stop the spindle if the tension is out of the normal operation range.
Other than the ones that have already been sold, luxury group Kering does not intend to sell off any more of its smaller fashion brands.The Paris-based luxury conglomerate is currently negotiating with Christopher Kane to sell the eponymous label, in which it had a 51 percent stake, back to the British designer. It is also ending a joint venture with Stella McCartney.
Earlier this year Kering spun off the majority of its stake in German sportswear label Puma to its shareholders, and also sold its skatewear brand Volcom, as it refocuses purely on luxury.
Currently, Kering is focused on building up its business organically, rather than through acquisitions.
Indorama Ventures (IVL), a global chemical producer, has completed the acquisition of Avgol Industries, a leading global manufacturer of nonwoven hygiene fabrics. The acquisition is well aligned with IVL’s strategy of pursuing accretive growth opportunities in the high value-added hygiene segment.
It offers extensive value creation and synergy within Indorama Ventures, including growth opportunities in adjacent segments through the strong innovation pipeline. The addition of Avgol reinforces IVL’s existing leading position in this segment. IVL is now able to offer a full suite of personal hygiene-oriented nonwoven products that best serve customer needs.
Avgol offers a comprehensive range of nonwoven fabrics and has broad expertise in developing and manufacturing customised solutions to address consumer requirements. It has six production sites globally in Israel, the US, Russia, China and India, with a combined production capacity of 203,000 tonnes/annum, and has around 900 employees worldwide.
HanesBrands, a leading global marketer of everyday basic apparel, has appointed consumer products industry veteran Geralyn R. Breig to the company’s Board of Directors. With an accomplished 35-year CPG career in executive, marketing and omnichannel business development roles, Brieg is the founder and chief executive officer of Anytown USA, an e-commerce marketplace that sells certified American-made consumer products.
Prior to launching AnytownUSA, Breig held leadership positions with C & J Clark as President, Clarks, Americas; President of Avon North America and General Manager of Avon USA; President of Godiva Chocolatier International among others. She has also held marketing and brand management positions with Kraft Foods., General Foods Corporation and Procter & Gamble.
Breig also serves on the board of directors of 1-800-Flowers.com., and Welch Foods. She has a BSc degree in Economics from the University of Pennsylvania.
India ITME Society will organise GTTES 2019, an exclusive show to display the strengths and opportunities in global textile industry, with special focus on industry segments from January 18-20, 2019 in Mumbai. The ITME Society Team organized a series of successful road shows in Chennai, Coimbatore, Tirupur, Salem and Erode, the five best known textile belts of South India. The aim of the roadshow was to provide a platform for investment and brand promotion and for the industry leaders to interact with the SMEs providing new business and extensive market opportunities in this flourishing industry.
GTTES aims to assimilate and disseminate more knowledge and power for industry through the futuristic technology topics at the conference sessions by Society of Dyers & Colorists International India on ‘Educating the Technology Innovations in Textile Coloration’ & ‘International Conference on Nonwoven Technical Textiles’ by Indian Technical Textiles Association.
GTTES 2019 has reiterated its position not only in the South, but also amongst India’s regional Textile hubs Bhiwandi, Ichalkaranji, Faridabad, Vapi, Surat, Umargaon, Panipat, etc as a key sourcing platform for the textile business. The mega event is a growth catalyst and optimum business platform with more business leads new customers offering the best sourcing solution to India’s surging demand for textile industry in India and across the globe.
Burberry has come under fire for burning unsold clothing and beauty products worth millions in order to protect its brand and maintain exclusivity. Many on social media have criticized the company for wastefully destroying clothing instead of putting it on sale or donating it to charitable causes. The British brand was advised not to waste perfectly good clothes.
The fashion industry is in the center of an environmental crisis and is said to cause ten per cent of global carbon emissions. However, Burberry says the energy that was released from burning the clothing was captured, making it environmentally friendly. The brand says it has careful processes in place to minimize the amount of excess stock it produces and that on occasions, when disposal of products is necessary, it is done in a responsible manner and that Burberry continues to seek ways to reduce and revalue waste.
Designer Riccardo Tisci was recently appointed the new chief creative officer of the brand, and will debut his first runway collection for Burberry during September's London Fashion Week. Over the past 16 years, Burberry has enjoyed strong growth and evolved into one of the most valuable luxury brands in the world.
Pure London was held from July 22 to 24. The event welcomed thousands of buyers and influencers, new sectors and new brands, inspiring speakers and leading change-makers mulling the future and how to make it sustainable, circular and inclusive top of the agenda. Topics included diversity, body shape, ethics and environmental issues. One was on how brands can be more representative of society and the role they play in changing people’s perspectives on body image and the beauty standard.
A huge increase in brands with an ethical standpoint and environmentally-made collections exhibited this season as part of the new Pure Conscious section, demonstrating the pace of growth and interest in this sector as it drives to become the norm. Future trends by WGSN were brought to life on the catwalk with a special appearance from Graduate Fashion Week winners and graduates. Pure London invited everyone to adopt one of five simple pledges: Get Dirty, Turn It Down, Pass It On, Ethicool, and Actually I Can to advance the UN’s Global Goal 12 for responsible consumption and production.
Pure London is the UK’s leading trade fashion buying event, representing women’s wear, men’s wear, footwear, accessories and young fashion. The show offers buyers from department stores, etailers and mail order the opportunity to discover collections launching for the season ahead.
