Trident’s yarn revenues up 18 per cent
For the quarter ended June 30, 2013, Trident’s yarn segment revenues climbed 18 per cent. Higher realizations consequent to improved contribution from value-added products like mélange yarn enabled topline growth. This was despite a marginal increase in sales volumes. PBIT margins improved from 6.2 per cent to 16.8 per cent driven by cost optimization measures along with improving realizations resultant to enhanced product mix towards value-added products.
In terry towel lower sales volumes moderated topline performance -- partly mitigated by improved realizations on account of higher sale of value-added products. Despite lower sales volumes, profitability was flat given various cost rationalization initiatives combined with a change in the product mix towards value-added products.
Trident, the flagship company of the Trident Group, is a leading manufacturer and exporter of textiles and paper products. The group is broadening its reach and strengthening its partnership with suppliers and customers.
US textile and apparel imports rise during Jan-July
Import of textiles and apparels by the United States has increased by 3.11 per cent year-on-year during the first seven months of 2013.Apparel import was up 3.59 per cent year-on-year while non-apparel was up 1.63 per cent year-on-year.
Vietnam’s textile exports to the US jumped 13.48 per cent year-on-year during the seven-month period whereas US imports from Bangladesh increased 9.06 per cent year-on-year. China continued to be the top supplier of textiles to the US with its exports registering a rise of 1.82 per cent year-on-year.
India and Indonesia were the other countries among the top five textile exporters to the US during the period under review. US imports of textiles from India showed an increase of 4 per cent year-on-year. US textile imports from Indonesia grew 3.57 per cent year-on-year during the same period.
US textile imports from EU-28 countries rose 4.73 per cent year-on-year while imports from NAFTA fell 1.53 per cent year-on-year during January to July 2013.
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