National Textile Corporation (NTC) which has seven mills in the State, is considering consolidation and modernization. The NTC also plans to expand its Entyce showroom network through franchisees. It had invested in modernisation between 2008 and 2010 and taken up capacity addition in two mills two years ago. This has helped the mills improve productivity, reduce costs and improve quality, said A. Arulsamy, Executive Director (south). According to officials, the State government had sanctioned Rs. 175 crore for modernisation of six cooperative spinning mills and it was completed in July. From blow room to spindles, there was complete modernisation of these six mills and trial run is on now. Similarly, a new loom shed, with 10 shuttleless looms, has been commissioned at Kurichi here by the Tamil Nadu Textile Corporation (TNTC) at an investment of Rs. 5 crore. The yarn and fabric from the cooperative spinning mills and the TNTC is used for the free dhoti and saree scheme, production of school uniform and to meet the requirements of various government departments.
The officials said that with the modernisation and the new loom shed, productivity and quality will improve and more number of people will be employed. However, there is a need for another round of consolidation and modernisation. There are some mills with old spindles and in some others the preparatory machinery needs to be upgraded. The textile sector is going through a challenging phase with a fall in demand but efforts are on track for modernisation and value-addition, not just in the private sector but also in the cooperative spinning mills.
Source: Yarn and fibre
Indian textile mills and exporters hit hard due to fall in global yarn prices, yaun correction as well as glut in the international market. Yarn prices have declined around 30 percent this year compared with the previous year. The price of yarn is down by Rs 10 on a month-on-month basis and by Rs 30 a kg compared with the corresponding period last year, M Anantha Reddy, general secretary of the Telangana Spinning and Textile Mills Association. The price of fine yarn (above 30 counts) is now Rs 156 against Rs 176 last year. The two-count yarn is now around Rs 136. The price reduction has eroded the margins for the industry and affected their turnovers. Also the recent devaluation of the yuan against the dollar by China has also affected the spinning and textile industry in India as about 40-50 percent of the textile production is exported and China is one of the big markets. But China is striving to push exports by making the pricing of its products attractive in the global markets. With more stocks in hand here, the prices will fall drastically in the absence of corrective measures, said Reddy. A few players are looking for restructuring of their debt. Stocks of finished goods at mills have increased as buyers refused to lift the stock because of decline in prices, he added.The textile industry sought three percent incentive for yarn, five percent for fabric and seven percent for garments, made-ups and others finished textile goods under the Focus Market Scheme. The textile industry is the largest manufacturing sector employing about 105 million people
Source: Yarn and fibre
Indian economy is expected to grow faster than other major emerging economies, the IMF said on Tuesday , projecting a growth rate of 7.5% for India in 2016 as against China's 6.3%. “India's growth is expected to strengthen from 7.3% this year and last year to 7.5% next year. Growth will benefit from recent policy reforms, a consequent pickup in investment, and lower commodity prices,“ the IMF said in its latest World Economic Outlook Update released here. On the other hand, growth in China is expected to decline to 6.8% this year and 6.3% in 2016. Previous excesses in real estate, credit, and investment continue to unwind, with a further moderation in the growth rates of investment, especially that in residential real estate, it said. The forecast assumes that policy action will be consistent with reducing vulnerabilities from recent rapid credit and investment growth and hence not aim at fully offsetting the underlying moderation in activity, it said. Global growth for 2015 is projected at 3.1%, 0.3 percentage point lower than in 2014, and 0.2 percentage point below the forecasts in the July 2015 World Economic Outlook (WEO) Update. In advanced economies, growth is expected to remain robust and above trend through 2016 and contribute to narrowing the output gap.
Source: Times of India
Export promotion agencies are lowering their growth forecast for the current fiscal year, with most of them now saying that matching last year's level will be tough. The commerce department has asked them to attend a brainstorming session on Wednesday as the value of shipments has fallen for nine months in a row. The department has asked the export promotion councils to share reasons and data for the quantity and value of exports, the reasons for the fall and also a list of non-tariff barriers that may have been erected in top 25 markets, which can be taken up during bilateral discussions with foreign governments. While seeking a detailed strategy from the EPCs, the government also wants an analysis of the main competitors in India's top 25 market, sources said. The EPCs are expected to press for oft-repeated demands -interest subsidy , more budgetary support and Merchandise Exports from India Scheme (MEIS).As reported by TOI on September 21, the commerce department has sought more funds for MEIS in addition to Rs 9,000-10,000 crore for reviving the interest subsidy scheme for select sectors. The demands, come as various agencies are lowering the growth estimates.For instance, Engineering Export Promotion Council Anupam Shah said the trader's body is now looking to lower its projections by close to $10 billion. “We were looking at exports of $80 billion this year but we would be happy if we can match last year's level of $70.6 billion. But even for that we will need government assistance,“ he said, adding that the steps such as safeguards duty were adding to the woes of the exporters. Similarly , AEPC sources said, that exports witnessed a 7% decline in September, the first month of a decrease and if the trend continues garment exports will be lower.
Source: Times of India
India has to conclude its crucial FTAs. Enhanced market access from these FTAs can mitigate some of the export losses on account of the country’s exclusion from TPP With trade ministers from the US, Japan, Canada, Australia, Malaysia and seven other Asia-Pacific countries having successfully surmounted the final hurdles to the Trans-Pacific Partnership (TPP) negotiations in Atlanta, it signals a significant achievement for the US in the arena of international trade negotiations. Apart from the benefits of free trade among the signatory countries that account for 40% of global GDP and more than 50% of global trade, the implementation of the TPP could also have consequences, in the short term, for the Doha Round negotiations at the WTO.TPP negotiations were undertaken in considerable secrecy. Despite the talks having been concluded, the final text of the agreement is not yet in public domain. However, texts leaked during the negotiations indicate that the agreement covers liberalisation of trade in goods and services, strong rules for investment protection, strengthened protection of IPR for ensuring continued windfall monopoly profits for US pharmaceutical firms, opening of government procurement markets, restrictions on government support to state-owned enterprises, etc. With the US having driven TPP negotiations aggressively for the past 2-3 years, it is not surprising that the agreement is firmly cast in the mould of US commercial interests. Not only does the US benefit from what it has secured in TPP negotiations, it is important to recognise that issues on which the US is on the back-foot in the WTO Doha negotiations, including reduction of farm subsidies, were excluded from TPP negotiations. From a strategic perspective, the TPP would entwine the economies of 11 countries more closely with that of the US, an outcome clearly aimed at reducing the growing dependence of these countries on trade with China. Given the twin gains, it is little wonder that US President Barack Obama invested considerable political capital at home, and diplomatic capital abroad, to ensure successful conclusion of these negotiations. The stage is now set for the ratification of the TPP by the 12 signatory countries prior to the implementation of the largest free trade agreement. It is apprehended that at the ratification stage cold reality may hit some of the signatory countries. To illustrate, in Malaysia, the polity is deeply fractured on the issue of the country’s TPP engagement. Mahathir Mohamad, the former Prime Minister and strong man of the country, has stridently criticised the current Prime Minister Najib Razak on this issue. Civil society organisations in Malaysia are also up in arms against the TPP. Malaysia is not an isolated example of the absence of national consensus on the TPP. In Canada, which goes to polls later this month, Thomas Mulcair, the leader of the New Democratic Party of Canada (NDP), is reported to have stated that he would not feel compelled to honour the provisions of the TPP if his party is voted to power. Dissenting views opposing the TPP are also growing louder in Chile and Peru. Crucially, in the US itself, Hillary Clinton, along with a large number of influential political leaders, has expressed strong reservation on the TPP. Assuming that the TPP is eventually ratified by signatories despite the lack of domestic consensus, how will its implementation affect non-signatory countries such as India? Should India have made efforts to join TPP negotiations? What should India do to mitigate the adverse impact of being excluded from the TPP? With TPP signatories enjoying duty-free access into each other markets, price competitiveness of India’s exports could get eroded. Consequently, there is a likelihood of diversion of exports from India in favour of TPP countries. In particular, in the face of competition from Vietnam, India’s exports of textiles and clothing as well as leather products are likely to take a hit. However, this adverse impact would be confined mainly to the US market. In some of the major TPP economies, including Japan, Malaysia, Australia and Canada, India’s exports may not suffer a tariff disadvantage as India already has FTAs with some of these countries or is at an advanced stage of concluding an FTA with others. While attempts at quantifying the impact of trade diversion on the account of an FTA can become a speculative exercise, nevertheless it is instructive to note that an important think tank in the US has estimated that, by remaining outside the TPP, India would lose exports marginally to the extent of about 0.3% by 2025—which translates to $3-7 billion. While there could be some investment diversion as well, its quantification is not available.
Overall, the extent of trade diversion does not appear to be alarming.
Turning to the question of whether India should have made efforts to join TPP negotiations, it is important to examine the provisions on protection of IPRs and investment. Many of the provisions relating to the protection of IPRs in the TPP are aimed at facilitating evergreening of patents, thereby delaying the entry of generic medicines into the market. With patented drugs continuing to remain monopolies in TPP countries for longer periods, pharmaceutical prices are likely to rise steeply in these markets—a fact widely disseminated by Nobel laureate Joseph Stiglitz. The choice before India was clear—remain outside the TPP and live with a loss of a few billion dollars of exports, or join the TPP and face steep hike in prices of medicines. Given its public policy imperatives and health needs, the country has wisely chosen the first option. As far as investment provisions in the TPP are concerned, expecting these to result in increased investment appears to be more a matter of faith rather than being based on conclusive evidence. On the other hand, the regulatory chill that gets induced by international investment provisions and the financial compensation that has to be paid by governments in investor-to-state disputes are dangers that could not be ignored by India. Again, a safe choice exercised by the government. On the question of what should India do to mitigate the adverse impact of being excluded from the TPP, action is required domestically and at the international level too. Within the country, efforts must be made to enhance the competitiveness of India’s exports. On the external front, India needs to get its act together and conclude some of its crucial FTAs, including India-EU Bilateral Trade and Investment Agreement and the ongoing mega FTA negotiations under the auspices of Regional Comprehensive Economic Partnership. Enhanced market access resulting from these agreements could mitigate some of the export losses on account of India’s exclusion from the TPP. Of course, India must safeguard its core interests in these FTA negotiations. Turning to the question of the likely impact of the TPP on Doha negotiations at the WTO, it is no secret that the US finds it inconvenient to abide by some of the commitments agreed in the course of these negotiations in 2008.
Consequently, it has shown extreme reluctance, if not outright opposition, to conclude the Doha deal. Successful conclusion of the TPP provides it an excuse, at least temporarily, to disengage in these negotiations. However, this should not induce developing countries, including India, to make concessions to get the US back to the negotiating table. It is also likely that as part of the pay-off for returning to the negotiating table, the US would insist on using TPP provisions as a template for initiating negotiations at the WTO on the so-called 21st century issues. Again, this must be strongly resisted by India and other developing countries, who may not find the outcome of negotiations on the new issues to be mutually beneficial. The successful completion of the TPP is a feather in the cap of President Obama. However, any attempt to use its provisions as a blueprint for WTO negotiations could have extremely divisive consequences for the multilateral trading system. As far as the countries excluded from the TPP are concerned, the onus is on them to come up with an alternate template for global trade rules. The author is head, Centre for WTO Studies, Indian Institute of Foreign Trade. Views are personal
Source: The Financial Express
Modi woos investors in Bengaluru; in the US, Jaitley says looking at rationalising individual tax rates, bankruptcy code. Ahead of the winter session of Parliament, the government appears to be hopeful of introducing the goods and services tax (GST) from the next financial year. This is despite the fact that the Congress is yet to express support for the Constitution amendment Bill for the new indirect tax regime in its present form. "We have introduced the GST Bill in Parliament and hope to roll it out in 2016," Prime Minister Narendra Modi said at an event organised by Nasscom in Bengaluru on Tuesday. The event was attended by industry captains such as Kumar Mangalam Birla, A M Naik, Azim Premji, G M Rao, Chanda Kochhar and Shikha Sharma. The PM was sharing the stage with visiting German Chancellor Angela Merkel.
Meanwhile, addressing students and faculty at Columbia University in the US, Finance Minister Jaitley said GST would be the government's priority. From the US, the Finance Minister will travel to Lima, Peru, to attend the World Bank-International Monetary Fund meeting. The GST Bill is stuck in the Rajya Sabha, as the Congress is opposed to the provision of one per cent tax on interstate commerce to help manufacturing states, the exclusion of alcohol from the GST and the absence of a dispute-resolution authority. The Bill has already been passed by the Lok Sabha. Jaitley claimed though the government had the required numbers in the Rajya Sabha, the Congress did not allow the Bill to be passed by creating disturbances in Parliament. "This was more or less a political positioning rather than a serious ideological opposition because the Manmohan Singh government had initiated the idea of the GST," he said "Indian aspirations are changing and, therefore, that opposition has been taken very badly as far as the electorate is concerned," he added. If the GST is to be rolled out from April 1, 2016, the Bill has to be cleared in the Rajya Sabha in the winter session, though even then, it would be a tight schedule. This is because the Bill has to be ratified by at least 15 of the 29 states, after being cleared by the Rajya Sabha. Subsequently, GST Bills have to be passed by Parliament and all state Assemblies. Also, the GST rules and rate will have to be fixed by the GST council, comprising the Union finance minister and state finance ministers.
Jaitley said the government was looking at reducing the corporate tax rate to 25 per cent from 30 per cent in four years. He also promised rational tax rates for individuals. Currently, there are three tax slabs of 10 per cent, 20 per cent and 30 per cent, for annual incomes of at least Rs 2.51 lakh, Rs 5.01 lakh and Rs 10.01 lakh, respectively. Both Modi and Jaitley talked about a bankruptcy code. Jaitley hoped the code would be presented in the winter session of Parliament. In Bengaluru, Modi wooed businesses, saying it made business sense to be in India and Make In India. He assured investors of a simple and predictable tax regime, as well as intellectual property right protection.
Narendra Modi (right) with Angela Merkel in New DelhiAt the third India Germany Inter-Governmental Consultations (IGC) held in New Delhi, Indian Prime Minister Narendra Modi and German Federal Chancellor Angela Merkel renewed their determination to expand bilateral trade and investment. In a joint statement issued by both leaders after IGC, both sides noted the potential of open markets for deepening trade relations and for attracting investments. They also underlined their strong commitment to the EU-India Broad Based Trade and Investment Agreement and committed to bring about a resumption of the negotiations as soon as possible. Recognising Germany's key competencies in high technology and India's growing needs, both leaders reaffirmed that technology intensive manufacturing can become a key pillar of their strategic partnership. They agreed that new policies, including the 'Make in India' initiative, have the potential to open up investment opportunities for German companies and that India's participation as Partner Country at the Hannover Messe has created a positive momentum for business. The German side welcomed Prime Minister Modi's commitment to improve the ease of doing business in India and the Indian decision to set up a Fast Track System for German companies in the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, which would be fully operationalised by March, 2016. Both sides encouraged the private sector to take advantage of these initiatives to enhance trade and investment.
The leaders welcomed the closer cooperation in the area of vocational training and skills development by supporting policy reforms in the apprenticeship system including dual system pilot projects in selected industry clusters. They supported the idea of German assistance for curriculum development and VET training as well as in helping India establish a National Institute for Skill Development for Higher Learning. Further, both sides took positive note of the resumption of negotiations for amending the existing Double Taxation Avoidance Agreement (DTAA) including the Article on Exchange of Information to enhance the elimination of double taxation and to foster financial transparency. Recognising the importance of facilitating exchanges between people of the two countries, both sides agreed to initiate discussions on simplifying respective visa procedures and making them as easy and transparent as possible, especially for business persons, entrepreneurs and investors. (RKS)
Source: Fibre2fashion
The Telangana Spinning & textile Mills Association (TSTMA) has sought a two-year moratorium on term loans and conversion of working capital into working capital term loan with the repayment period between three to five years. It has also sought the reduction of interest rates for textile mills on term loans to bank base rates, according to media reports. In a representation made to Textile Minister Santosh Kumar Gangwar, the association said any delay in addressing the problems of textile mills would make several hundreds of textile units in the country economically unviable resulting in large scale NPAs in the textile industry. It has asked the government to address its concerns on a priority basis to ensure that active mills are not forced to close down due to adverse external factors. TSTMA General Secretary, M. Anantha Reddy in a statement said the cotton mills and spinning and weaving sectors of the textile industry have been suffering for the last 18 months due to glut in the export market caused due to policy changes in China and the duty structure in EU, China and the Americas. Prices of finished goods, cotton and synthetic yarns have been on continuous decline over last 18 months and have reduced by more than 30 per cent and have completely eroded the margins of Industry. Most of textile units are suffering huge losses between 15-20 per cent of turnover and are under severe strain. The association wanted a cotton price stabilisation fund scheme consisting of cotton working capital loan at 7 per cent interest rate (or 5 per cent interest subvention), reduce margin money from 25 per cent to 10 per cent and increasing the credit limit from three months to nine months. (SH)
Source: Fibre2fashion
Integrated yarn to garment manufacturing company Suryalakshmi Cotton Mills has commissioned a fourth spinning mill to produce value-added and premium fancy yarns. The plant in Amravati, a cotton producing hub, has been set up at a cost of Rs 131 crore and has 26,000 spindles, which will take the total spindle capacity at Suryalaxmi Cotton to 87,000. According to a press release, the plant includes fully automated, state-of-the art, imported spinning technology on which trial runs have been completed and commercial production begun. Managing director Paritosh Agarwal said, “Set up within stipulated timelines with no cost overruns, it proves our superior execution and process skills.” “With commencement of operations at the new plant, we will significantly cut down our dependence on third-party vendors for procuring yarn enabling better quality control and increased cost efficiencies,” he added. “With fancy yarns being a premium product and high margin business, we anticipate annual revenues of Rs 150 crore plus from this plant alone,” Agarwal informed. He further added that the in-house unit expands their scope to invest in R&D, enabling them to be in sync with latest trends in the world of denim and cater to global and domestic fashion demands more effectively. The high value yarns produced in this plant would be used for captive consumption in its denim division, while it also has a 25 MW captive power plant which will further add to the company's bottom line. Due to the location which is a cotton belt in Maharashtra, the unit has abundant access to high quality raw material and labour. Further, it is fully compliant to leverage the interest subsidy benefits provided by the central and state governments and would provide direct employment to around 250 people and indirect employment to many more. “The plant will help the company in creating a robust strategy to intertwine latest fashion trends across the three divisions,” the company stated. “This will also de-risk the company's revenues and at the same time help in maintaining a focus on high-value high margin businesses,” it informed.
Founded in 1962, Suryalakshmi Cotton manufactures yarn, denim fabric and garments for leading private labels, fashion brands and retail chains in 29 countries across the globe. Suryalakshmi Cotton is also a leading producer of denim fabric in the country with a capacity of 40 million meters per annum. (AR)
Source: Fibre2fashion
Handloom silk weavers of Kancheepuram, traditionally to weave the border attached saree is done by two weavers. They are required to sit at the weaving board to move the shuttles that carry the thread — one for the body and two for the borders on each side. But the indigenous technology does not require two people to weave attached border sarees. The technology, SPS Batten, allows the movement of shuttles with weft yarn, used for weaving the borders, to be taken care of by a modified batten-with-reed comb, shuttles, said P.Duraisami of Devikapuram near Arani in Tiruvannamalai district. The weaver can just move the handle provided in the batten to pass the weft yarn from one side to another through the space between the heddles, thereby ruling out the need for a second weaver. This technique, introduced by S.P. Subramaniya Ayya of Tiruchi in the weaving of Uraiyur sarees in 1985, was adopted by weavers of Arani from 1990. In Kancheepuram, nearly 200 weavers have bought this modified batten, which can be set up at a cost of Rs. 6,000 and over 10,000 handloom weavers in the State have installed the modified batten-with-reed comb in their looms.
Source: Yarn and fibre
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.76 per barrel (bbl) on 06.10.2015. This was higher than the price of US$ 46.79 per bbl on previous publishing day of 05.10.2015.
In rupee terms, the price of Indian Basket increased to Rs 3123.28 per bbl on 06.10.2015 as compared to Rs 3055.19 per bbl on 05.10.2015. Rupee closed weaker at Rs 65.39 per US$ on 06.10.2015 as against Rs 65.29 per US$ on 05.10.2015. The table below gives details in this regard:
|
Particulars |
Unit |
Price on October 06, 2015 (Previous trading day i.e. 05.10.2015) |
Pricing Fortnight for 01.10.2015 (Sep 12 to Sep 28, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
47.76 (46.79) |
45.27 |
|
(Rs/bbl |
3123.28 (3055.19) |
2991.44 |
|
|
Exchange Rate |
(Rs/$) |
65.39 (65.29) |
66.08 |
Source: Ministry of Textiles
The agreement of Trans-Pacific Partnership (TPP) has been successfully concluded. The twelve nations included in the TPP agreement are the United States, Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. These countries represent nearly 40% of global gross domestic product.NCTO expresses gratitude to U.S. negotiators for their close cooperation on key issues in the textile chapter, responding to the announcement that the Obama Administration has successfully concluded the Trans-Pacific Partnership (TPP). Like all private sector stakeholders, NCTO is anxious to learn the exact details of the final TPP agreement. Once it is released to the public, NCTO will undertake a thorough analysis of the text to assess the impact of the agreement on domestic textile manufacturers. NCTO President Augustine Tantillo, who was in Atlanta for the talks said that they would like to thank Ambassador Michael Froman and the U.S. government for working closely with NCTO throughout the entire TPP process. Though they are waiting to examine the final details, their briefings at the Atlanta TPP round lead them to believe that U.S. negotiators were able to achieve a well balanced and reasonable outcome for U.S. textile manufacturers and their partners within the Western Hemisphere. The U.S. textile and apparel industry is a significant contributor to the overall U.S. economy, producing over $70 billion in annual output and employing nearly 500,000 workers nationwide. In addition, the U.S. textile and apparel sector exported nearly $24 billion in goods in 2014. In 2014, textile and apparel exports from the current TPP countries to the U.S. totaled $19 billion. Tantillo stated. This included the need for TPP to establish a yarn forward system as the basis for rule of origin determinations and the setting of multi-year tariff phase-outs on sensitive textile and apparel products.
Source: Yarn and fibre
America’s National Council of Textile Organizations (NCTO) has said it is anxious to learn the exact details of the final Tans Pacific Partnership (TPP) agreement. Once it is released to the public, NCTO will undertake a thorough analysis of the text to assess the impact of the agreement on domestic textile manufacturers, it said in a press release. The 12 nations who finalized the agreement include the US, Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Together, these countries represent nearly 40 per cent of global gross domestic product. “We would like to thank Ambassador Michael Froman and the U.S. government for working closely with NCTO throughout the entire TPP process. Though we are waiting to examine the final details, our briefings at the Atlanta TPP round lead us to believe that US. negotiators were able to achieve a well balanced and reasonable outcome for US textile manufacturers and our partners within the Western Hemisphere,” said NCTO President Augustine Tantillo, who was in Atlanta for the talks. “ In 2014, textile and apparel exports from the current TPP countries to the US totalled $19 billion. Tantillo stated, “Due to the sheer volume of trade covered by this agreement, it was critical that the final terms strongly reflect our input. This included the need for TPP to establish a yarn forward system as the basis for rule of origin determinations and the setting of multi-year tariff phase-outs on sensitive textile and apparel products. Based on our debrief with the US government in Atlanta we believe that, in great part, these key objectives were met.” The US textile and apparel industry is a significant contributor to the American economy, producing over $70 billion in annual output and employing nearly 500,000 workers nationwide. In addition, the US textile and apparel sector exported nearly $24 billion in goods in 2014. Headquartered in Washington D.C., the NCTO is the national trade association representing the entire spectrum of the textile sector.
Source: Fibre2fashion
With the start of cotton harvesting season, the spread of irrigated farming as a part of the Southeastern Anatolia Project (GAP), cotton, which is described as "white gold," has started being planted on larger cultivation areas and has become the favorite of farmers in the region. In the Harran Plain of the southeastern province of Şanlıurfa, which meets 42 percent of Turkey's production, cotton farmers are satisfied with the yield expectation of more than 1 million tons. Ali Rıza Öztürkmen, the branch chairman of the Şanlıurfa Chamber of Agricultural Engineers, said Şanlıurfa is expected to satisfy half of Turkey's overall cotton production, which is estimated to reach 2 million tons, added that Şanlıurfa produces high amounts of cotton but high costs bring profits down. Öztürkmen also said, cotton is of strategic importance for the region and Turkey's farmers, land cultivated with cotton experienced a significant increase thanks to the Atatürk Dam. Cotton is helping Turkey to become a textiles giant around the world by providing a significant amount of raw materials for textiles. In 2014, Şanlıurfa provided 42 percent of Turkey's cotton production and this year's production is above expectations as most of the problems facing cotton agriculture were resolved with the support of public institutions and the private sector, allowing agriculture to make considerable progress in terms of yield. Day laborers working in cotton fields have demanded a wage increase, suggesting that it will be a profitable year if prices do not fall.
Source: Yarn and fibre
At ITMA 2015 trade fair for textile machinery to take place from 12-19 November in Milan, Danufil Proshade, an innovative new viscose mélange yarn resulting from development cooperation between the three industry partners Kelheim Fibres, Linz Textil and Dystar will be presenting by the two companies Kelheim Fibres and DyStar. Danufil Proshade, it consists of a blend of standard viscose fibres and Kelheim’s speciality viscose fibre Danufil Deep Dye and is only dyed as needed at a later stage in the process at ITMA 2015 trade fair for textile machinery to take place from 12-19 November in Milan. Due to its permanent cationic charge this speciality fibre has a significantly higher dye absorption capacity than standard viscose fibres, according to the manufacturers. The difference in intensity and speed of the dye pick-up of the viscose fibres spun into Danufil ProShade is said to allow a wide range of colours in melange dyeing of one and the same fibre material to be achieved. Thus, Danufil ProShade melange yarn offers clear benefits for the dyeing process, companies report. A selected range of Levafix and Remazol dyes is said to allow a salt-free dyeing process. Due to shorter dyeing cycles it is possible to save up to 30% in terms of water and energy, whilst not compromising the productivity. Excellent reproducibility, levelness, as well as a high level of light fastness and fastness to washing, have been proven in numerous tests and commercial dyeing processes, Kelheim Fibres reports. DyStar also offers comprehensive customer support – including support in developing dye recipes to ensure optimum results. There are also benefits in terms of logistics and warehousing, according to the company. Danufil ProShade can replace a stock of differently dyed yarns or fabrics and so reduce significantly the amount of capital required. The subsequent dyeing can be done in thousands of different melange tones, according to the customer’s specific needs and to allow a fast and flexible reaction to orders, as well as production on demand – even of small melange lots. Danufil ProShade is exclusively available from Linz Textil. Danufil ProShade is available in all yarn technologies and is a registered brand name of Linz Textil. The three partners are currently testing more fibre blends and dyeing possibilities.
Source: Yarn and fibre
Spanish company Nylstar has launched Meryl Acqua, a next generation EcoDyed yarn with inherent hydrophobic properties and unique gentle texturing process. “Combining a specially engineered polymer with a multilobal filament cross section, Meryl Acqua ensures the rapid expulsion of water and moisture from fabrics,” a press release from Nylstar said. “When exercising, wet garments are heavy and uncomfortable to wear in which Meryl Acqua keeps you active by maintaining you dry and comfortable,” it added.
“Meryl Acqua yarns are ideally suited for multiple-stage competition sports such as triathlon where various sporting activities are involved like swimming, cycling, running and performance training,” Nylstar informed. Nylstar further added that Meryl Acqua has been selected as the official product at the upcoming competition - La Habana Triathlon to be held in February 2016. According to Nylstar, Meryl Acqua is designed for use on the inside face of garments, and should be combined with a cationic yarn on the outer face. Meryl Acqua is available in EcoDye Black, EcoDye White, EcoDye Rouge Pink and EcoDye Melange dope dyed colours and will be available from November 2015.
Source: Fibre2fashion
