FW
Carlo Benetton, the youngest siblings behind the famed United Colors of Benetton brand has died aged 74. Benetton, a father of four, died in his home in the northern Italian city of Treviso.
With his brothers Luciano and Gilberto and his sister Giuliana, Carlo Benetton founded United Colors of Benetton in 1965 in Ponzano Veneto, a village in Italy's northeast. Their signature soft wool jumpers made in a variety of colours quickly seduced the masses. The company went from strength to strength especially between 1982 and 2000 its fame fuelled by daring ad campaigns by Italian photographer Oliviero Toscani such as a 1989 poster which featured a black woman breastfeeding a white baby. But for over a decade the brand has been hit by dwindling sales.
Since 2010, business has been struggling that 83-year-old Luciano Benetton stepped back in as the company's chairman last autumn, having left the position in 2012. In 2017, following heavy losses, the 83-year-old Luciano Benetton announced he was coming out of retirement to retake the reins of the company.
Global automation in the textile industry is expected to grow at a CAGR of six per cent during 2018-25. The automation market in the textile industry is fragmented and has the presence of numerous players who offer various products and services.
Availability of favorable government policies will be one of the major factors that will have a positive impact on the growth of global automation market. Countries like India are key revenue generators for the global textile industry. Owing to favorable government policies, there are several investments and developments in this sector, which will have a positive impact on the automation market. These policies are beneficial for the growth of the industry and drive the automation of processes, in turn, increasing the demand for field, control, and communication devices.
India is already allowing 100 per cent FDI in the textile industry under the automatic route. Industries listed under the automatic route need no approval from the Reserve Bank of India or the Government of India for any investments. Such favorable policies will attract investments in this sector and create a demand for automation products and services in the textile industry. In terms of geographic regions, Asia will be the major revenue contributor to the automation market in the textile industry throughout the forecast period.
SV Pittie is setting up a yarn-making facility in Oman. This is the group’s first manufacturing outside India. Oman has low power cost, excellent physical infrastructure and close proximity to the port.
This is probably the first yarn making project in the world coming up in a location where there is no natural supply of cotton. Besides this, the project is being set up where there are no textile making units, which consume yarns. It is expected to generate around 300 million dollars in revenues every year. It is an export oriented project, which effectively means that it would be a net addition to the country’s foreign exchange and economy. This project would have the potential to generate over 2,000 direct jobs.
With the yarn manufacturing facility, lots of ancillary units are likely to come up. SV Pittie is also setting up a training centre. The main idea behind setting up a training centre is to impart skills to local Omani youth. Once yarn manufacturing starts, the company will need skilled manpower.
The company will import cotton from Australia and the US. That is why it was looking at locations close to a port as this would help keep logistics costs low.
Leading provider of innovative textile solutions, Polartec has introduced upgraded version of Power Fill insulation now made of 100 per cent post-consumer recycled (PCR) materials. Polartec Power Fill products are currently available from customers Bight Gear and Triple Aught Design, with product also planned from Blackyak, Crazy Idea, Giro, Goldwin, Millet, P1G-Tac, Reusch and Samas.
Markedly, the company started using 80 per cent recycled materials in its innovative technology to lead the charge in the textile industry just one year ago, and today, it has already reached the 100 per cent mark quicker than the expectations. Gary Smith, Polartec CEO states finding sustainable solutions is a core objective of the science of fabric.
The process of Polartec power is stable layer, removing the need for disposable scrims, stabilising agents, or carriers used by some competing insulations. Unnecessary scrims add weight and may not be made from recycled content, possibly skewing warmth-to-weight ratios and recycled content measurements. By eliminating the need for a wasteful scrim, Polartec Power Fill is said to be warmer for its weight, reduces cold spots and aesthetic changes from migrating fibres, and opens up countless design possibilities.
Reportedly, the company advertises that its Power Fill technology is not heavy and its warm insulation system can help in drying the water and compressing the fabric at the same time. This technology is already being used by brands like Triple Aught Design, Millet, and Bight Gear, as the technology is better suited for the cold weather apparel.
Pakistan’s exports of readymade textiles for July to May were up by 13 per cent. In terms of quantity, readymade garment exports surged 15 per cent. In May, the country’s exports of readymade garments were up by 24 per cent compared to May 2017. Readymade garment exports grew by 27 per cent in May 2018 from May 2017.
Textile exports make up around 60 per cent of the country’s total exports. The textile sector has the largest share in Pakistan’s exports. Pakistan’s competitors are upping the ante on textile exports to make inroads into more global markets. While China’s share in global textile exports is 36 per cent, Vietnam contributes 12.4 per cent, and Pakistan seven per cent.
Pakistan predominantly being a textile export economy is struggling to maintain its share in global textile markets both in basic and value added textiles. Pakistan is the only country in the region that saw its total textile exports decline by ten per cent between 2011 and 2018.
Other economies like China, India, Bangladesh, Sri Lanka and Vietnam increased exports at a CAGR of 20 per cent or more during the same period. Vietnam, a relative newcomer in the sector, posted a CAGR of 107 per cent followed by Bangladesh at 61 per cent.
Liva, a leading fabric brand from the Aditya Birla Group launched a state of the art LAPF Studio in Tirupur. LAPF Studios act as a one-stop customer experience centre for innovation, technical, product and marketing solutions.
This is the third such Studio after Noida and New York. The studio has a collection of more than 2000 fabric innovations. Technical specifications, uniqueness of the fabric and marketing stories are available in wide variety of fabrics including woven, knitted, flat knitted etc. Liva’s seasonal collection specially designed by in-house designers will be on display in the studio to attract global buyers to the cluster.
LIVA Accredited Partner Forum (LAPF) is the first of its kind platform in the textile fraternity that connects and builds a network of textile professionals. The Liva Studio aims to showcase the strengths of its versatile and abundant range to cluster which has become a prominent sourcing base for garment exports.
The collaboration between Tirupur Exporters Association (TEA) and Birla Cellulose brings seamless alignment with global innovation and ensures preference for the cluster’s products with global brands. One important aspect of differentiation is the sustainability credentials of both Tirupur Cluster and Birla Cellulose which would be communicated through a benefit story. Focusing on best in quality and cost is of paramount importance for greater operational efficiency, a must for the cluster to be competitive against global knitwear hubs.
With latest fabrics and innovations, Preview Textile Fair Munich fabric start will open from July 19 to 20. Comprising over 360 collections the portfolio presents a powerful line-up of internationally renowned suppliers. Vendors include some new exhibitors like Teapel, Furpile Idea from Spain and Nayla alongside well-established brands like UCO Raymond and Europa SAS that enhance the specifically designed Denim & Sportswear Area of VIEW.
For the first time, over 300 pre-collections made by internationally established weaving mills and manufacturers will be exhibited. With 22 new collections displayed in the View Fabrics and View Additionals segments the carefully compiled portfolio will be extended.
The ever-increasing demand for these early presentation date voiced by both producers and ready-to-wear manufacturers underscores the importance View Premium Selection has as a platform for the European market.
Boasting a comprehensive line-up for women’s and men’s wear View Premium Selection gives the sector all the components it requires for developing their collections at this point in time. Over two intense trade fair days the initial trends, colours and innovations for fabrics and findings can be seen and directly incorporated into the production process.
Egyptian cotton production is on to rebound with help from a devalued currency and bigger cultivation area, recovering from a slide in exports since 2011. Nabil al-Santaricy, Head, Alexandria Cotton Exporters Association says cotton exports are expected to reach about 52,000 tons in the 2017-18 season that ends in August, up nearly 37 per cent from the previous year.
Production fell drastically in 2011, when political upheaval meant regulations to maintain quality was not enforced. But demand for the Egyptian product, known locally as ‘white gold’ has picked up as rules to ensure quality have been strictly imposed again since 2016. Ahmed Elbosaty, Chairman of Modern Nile Cotton, Egypt's largest cotton trading company stated Egypt is the world's second largest exporter of long-staple cotton, used mainly to make luxury linens, behind the United States.
The Agriculture Ministry has increased cultivation area in 2018-19 to lift exports from Egypt, where sunny skies and superior seed produce cotton with unusually long fibres used to make light and durable fabrics with sheen and soft touch. Cotton cultivation could expand further as the authorities push farmers to avoid water intensive crops, such as rice, to prevent shortages as Ethiopia prepares to start filling a huge dam on the Nile, considered Egypt's lifeline.
The worldwide market for denim jeans is expected to grow at a CAGR of roughly 0.8 per cent over the next five years.
Denim jeans are purchased for durability, longevity, and versatility because consumers find greater value in a product they know will last longer and fit better.
Denim jeans are trousers typically made from denim fabric. They are now a very popular article of casual dress around the world.
Therefore price is not the main factor in the denim jeans purchase decision, unlike other clothing. This positioning ensures that denim jeans will continue to have a place on store shelves and in consumers’ closets.
Denim jeans are trousers typically made from denim fabric. They come in many styles and colors. However, denim blue jeans are particularly identified with US culture. Denim jeans are a cornerstone of the American wardrobe and an important cotton product accounting for almost one-fifth of all cotton clothing at retail. Almost all US consumers own denim jeans and most of them say their closets are full of denim and they enjoy wearing it regularly.
The denim jeans market is expected to increase due to growth in GDP per capita, international tourism etc. Yet, the market faces some challenges such as the global economic downturn, high probability of terror attacks etc.
Bangladesh will lose duty-free access given by the European Union (EU) on readymade garment (RMG) exports in 2020 as it is expected to cease being a ‘least developed nation’ by then. If the central government provides adequate support to the industry then exporters could reap the benefits of Bangladesh’s loss. As per data from the United Nations Conference on Trade and Development, Bangladesh’s per capita income stood at $1,355 in 2016, a 39 per cent increase compared to 2013 ($974).
By 2020, its per capita income is predicted to overtake India’s, which stood at $1,706 in 2016. As per the World Trade Organisation, if the country’s per capita income remained more than $1,000 continuously for three years, it could be classified as a developing nation. Bangladesh may become a developing nation with a fast-growing economy.
Since the duty-free access given by the EU was one of main advantages enjoyed by exporters in Bangladesh, Tirupur knitwear exporters have been repeatedly saying that there was no level playing field. They have been urging the government to provide adequate sops to sustain the industry. Tirupur Exporters Association (TEA) president Raja M Shanmugham stated Indian exporters may not benefit even though Bangladesh is predicted to be stripped of the duty-free access by the EU.
