|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1167.37 |
USD/Ton |
0% |
2/24/2015 |
|
VSF |
1831.42 |
USD/Ton |
0% |
2/24/2015 |
|
ASF |
2593.70 |
USD/Ton |
0% |
2/24/2015 |
|
Polyester POY |
1197.41 |
USD/Ton |
0% |
2/24/2015 |
|
Nylon FDY |
2954.95 |
USD/Ton |
0% |
2/24/2015 |
|
40D Spandex |
7468.56 |
USD/Ton |
0% |
2/24/2015 |
|
Nylon DTY |
5715.07 |
USD/Ton |
0% |
2/24/2015 |
|
Viscose Long Filament |
1453.12 |
USD/Ton |
0% |
2/24/2015 |
|
Polyester DTY |
2678.94 |
USD/Ton |
0% |
2/24/2015 |
|
Nylon POY |
2743.88 |
USD/Ton |
0% |
2/24/2015 |
|
Acrylic Top 3D |
1404.41 |
USD/Ton |
0% |
2/24/2015 |
|
Polyester FDY |
3198.49 |
USD/Ton |
0% |
2/24/2015 |
|
30S Spun Rayon Yarn |
2532.82 |
USD/Ton |
0% |
2/24/2015 |
|
32S Polyester Yarn |
1859.02 |
USD/Ton |
0% |
2/24/2015 |
|
45S T/C Yarn |
2873.77 |
USD/Ton |
0% |
2/24/2015 |
|
45S Polyester Yarn |
2695.18 |
USD/Ton |
0% |
2/24/2015 |
|
T/C Yarn 65/35 32S |
2597.76 |
USD/Ton |
0% |
2/24/2015 |
|
40S Rayon Yarn |
2013.26 |
USD/Ton |
0% |
2/24/2015 |
|
T/R Yarn 65/35 32S |
2484.11 |
USD/Ton |
0% |
2/24/2015 |
|
10S Denim Fabric |
1.58 |
USD/Meter |
0% |
2/24/2015 |
|
32S Twill Fabric |
0.99 |
USD/Meter |
0% |
2/24/2015 |
|
40S Combed Poplin |
1.35 |
USD/Meter |
0% |
2/24/2015 |
|
30S Rayon Fabric |
0.72 |
USD/Meter |
0% |
2/24/2015 |
|
45S T/C Fabric |
0.79 |
USD/Meter |
0% |
2/24/2015 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.159974 USDdtd. 25/02/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Textile Industry is one of the major contributors for India’s export basket. It contributes 12% of India’s total foreign exchange receipts. Country is self-sufficient in Textiles and is not dependent on imports.
Interest Rates for Textile Exporters
Textile contributes 12% of India’s total forex earnings and has registered exciting export growth in recent years. Textile has the potential to be prime source of foreign exchange. To fully exploit this potential, loans for Textile sector should be given at interest rate of 7%. This step will encourage the investment in the sector.
Explanation: Textile Industry is one of the major contributors for India’s export basket. It contributes 12% of India’s total foreign exchange receipts. Country is self-sufficient in Textiles and is not dependent on imports. It was projected by then Planning Commission that Textile exports will grow by 12% in coming years. In light of this, we believe there should be encouragement for Textile exports. We expect interest rates for Textile exporters should be capped at 7%. This will significantly reduce the Interest payment burden of Textile exporter and attract more and more investments.
Continuation of Interest Subvention
Cost of Credit is major source of concern for Indian Textile Industry. Interest subvention is a support for India’s Textile exports and it should be continued for all textile product categories. Policy also needs to be clarified which will give a clear visibility of continuity of Interest subvention for next 3 to 5 years.
Explanation: Textiles is identified as a priority sector for encouraging investments. Cost of credit is a major concern for Indian Textile Industry. To ease this burden, the Government had launched “Interest Subvention Scheme” which was discontinued in 2014. This scheme needs to be continued for next 3 to 5 years.
Scheme for Mega Textile Park
India’s share in world textile market is mere 4% as compared 35% of that of China. If India desires to enhance its global share, it should focus on Scale of Operations. Scale can be achieved through investments in Mega Textile Park. A new scheme of incentives for setting up Mega Textile Park can be a game changer for future of Textile Industry.
Explanation: World Textile Industry size US $ 705 Bn FY 2012-13 and India’s share in world textile market is mere 4% as compared to China’s 35%. The Industry needs to focus on achieving larger share in global markets. To achieve this, Textile industry needs investments in Large Scale Industries (LSI) and Mega Projects.
Simplify and speed up TUFs refund process
The Textile industry faces difficulties in getting reimbursement. Procedure could be simplified, banks should pay up the industry claims and in turn claim refund from the Government.
Explanation: Perennial complexities in getting TUF refunds make the process time taking. Exporters are required to file the claims through banks to Textile Commissioner’s Office (TxC) and in turn will be submitted to Ministry of Textiles. On availability of required funds from Ministry of Finance, Ministry of Textiles will approve claims and send it to Pay and Accounts office, who will give credit to banks. Finally banks distribute funds to respective exporters. This entire process takes around 5 to 6 months. Exporters lose working capital for this period.
Encourage Skill Development in Textiles
Textile Industry is the second largest employment generator after Agriculture. Skill development has been identified as one of thrust areas by the Government of India. We propose that Textile Ministry should devise a policy for developing multiskilling institutes through Public Private Partnership (PPP). Current scheme for skill development devised by Textile Ministry does not give reimbursement of expenditure on Infrastructure for training institutes, which should be given in the future. Training Syllabus should be made common across the country which will make beneficiary employable across the country.
Identify solar energy generation as a priority sector and provide a separate sectoral limit for lending:
Explanation: Solar energy should be made a priority sector and excluded from conventional power sector with a different sectoral cap, such that banks are encouraged to lend to the sector. Also group exposure limits need to be removed. RBI needs to relax the provisioning requirement of banks for lending to Solar Sector as it directly impact loan cost.
Solar Power faces financing challenges from scheduled commercial banks. The main reason for banks’ lack of interest is that solar comes under the aegis of the ‘power sector’ and as such the power sector lending caps have already been reached and in some cases, been exceeded. We believe Group exposure limits are constraining growth of the sector.
Solar projects need cheaper funding sources:
Explanation: Government must Raise ECB limits, Tax-free RE bonds, Special Infrastructure RE Bonds, International long-term loans from multilaterals, bilateral and explore and encourage other international donor organizations. Refinancing of domestic debt availed for solar sector by ECB loans should have automatic approval. Lending guidelines of PFC, REC, IFCI, IREDA related to solar - needs relaxation in RoI (< 10.5%), DSRA requirement, Longer Loan Tenure, Sectoral limit etc. Currently, solar projects have high dependency on domestic bank financing. Domestic projects have high cost of financing due to dependency on local funds – increases risk and poses limitation on project viability. Currently institutions like PFC, REC, IFCI and IREDA (promoted by Central Government and MNRE) are lending at 12.50% to 13.50% - making many projects unviable.
SOURCE: The India Infoline
With the Union Budget approaching on February 28, industries have put forth their wishlists. Here is what the textile industry wants:
- Cut in duties to ensure that raw material costs, cost of converting raw material into finished goods as well as the tariff are less than or equal to international prices.
- Reduction in excise duty from 12 per cent to 6 per cent.
- Removal of anti-dumping duty to enable the industry and products become globally competitive.
SOURCE: The Hindu Business Line
Growth in exports of Indian manufactured goods will be a big boost in enhancing our economic growth and will be in tune with the 'Make in India' campaign of Prime Minister Narendra Modi.
Domestic Market:
Technical textiles, which is currently estimated at 90000 crores has a huge potential to grow in India but to make this happen, a lot of roadblocks need to be removed. Some key ones are:
SOURCE: The Economic Times
India is self-sufficient in textiles as the textile industry is one of the major contributors for India’s export basket contributing 12% of India’s total foreign exchange receipts and is not dependent on imports. This was projected by then Planning Commission that Textile exports will grow by 12% in coming years. In light of this, it becomes necessary to encourage textile exports, said B K Goenka, Chairman of Welspun.
Welspun expects proposal to encourage textile export from government wherein the interest rates for Textile exporters should be capped at 7% as it will significantly reduce the interest payment burden of textile exporter and attract more and more investments. As textiles is identified a priority sector for encouraging investments. Cost of credit is a major concern for Indian Textile Industry. To ease this burden, the Government had launched “Interest Subvention Scheme” which was discontinued in 2014. This scheme needs to be continued for next 3 to 5 years.
India’s share in world textile market is mere 4% as compared to China’s 35%. The Industry needs to focus on achieving larger share in global markets. To achieve this, Textile industry needs investments in Large Scale Industries (LSI) and mega textile projects. Also the perennial complexities in getting TUF refunds make the process time taking. Exporters are required to file the claims through banks to Textile Commissioner’s Office (TxC) and in turn will be submitted to Ministry of Textiles. On availability of required funds from Ministry of Finance, Ministry of Textiles will approve claims and send it to Pay and Accounts office, who will give credit to banks. Finally banks distribute funds to respective exporters. This entire process takes around 5 to 6 months. Exporters lose working capital for this period.
As textile Industry is the second largest employment generator after Agriculture. Skill development has been identified as one of thrust areas by the Government of India. Welspun propose that Textile Ministry should devise a policy for developing multiskilling institutes through Public Private Partnership (PPP). Current scheme for skill development devised by Textile Ministry does not give reimbursement of expenditure on Infrastructure for training institutes, which should be given in the future. Training Syllabus should be made common across the country which will make beneficiary employable across the country.
SOURCE: Yarns&Fibers
Minister of State for Textiles (I/C), Shri Santosh Kumar Gangwar, has taken several steps to strengthen the jute sector. These steps are a result of the review meetings he held with various stakeholders of the jute sector, at Kolkata yesterday.
The key decisions:
1) Utilize unused assets of closed mills, to generate employment
It has been decided to utilize the unused assets, such as land, of the three closed mills of NJMC (National Jute Manufactures Corporation Limited) for economic activities. The focus is to generate employment. Activities such as apparel park or textile hub shall be considered. The Government of West Bengal has been requested to support this initiative, while PricewaterhouseCoopers has been engaged to prepare the roadmap.
2) NJMC to invite entrepreneurs to run Kinnison, Khardah and RBHM jute mills through licence route
3) Heighten focus on diversified products
NJB (National Jute Board) will intensify development and promotion of diversified jute products. Training of Women's Self Help Groups, including that of groups of Tiger widows in the Sundarban, will be given particular emphasis. Reputed R&D institutes such as IIT Kharagpur, NITRA and IJIRA is being taken. NID (National Institute of Design) has been roped in, to assist in the development of new designs and for setting up of state-of-art design centre for shopping bags and other jute lifestyle products.
4) Feminine hygiene products and low-cost carry bags
These products hold a lot of promise. Efforts to commercialize them would be speeded up; all state governments would be requested to support the marketing of these products.
5) Provision of housing for jute mill workers
Collaborative schemes to provide standard housing to jute mill workers were discussed. Ministry of Textiles would support this initiative, while Government of West Bengal has also requested to participate.
6) Steps to boost demand for jute sacking
Ministry of Textiles is making all-out efforts to persuade state governments to order more jute sacking to boost demand. Government of West Bengal has requested to procure jute sacking for packaging of paddy/rice and of potatoes/ vegetables. State Government representatives assured that they would sort out the issue in consultation with the jute industry.
SOURCE: The Business Standard
The apparel industry has grown by five per cent in the quarter ended December 2014, said the Clothing Manufacturers Association of India (CMAI). It had launched an index to measure growth in the industry from various angles early last year. Growth underperformed the country’s gross domestic production due to poor performance of smaller entities, as weak consumer sentiment resulted in huge inventories, double the sales in many cases, said CMAI.
However, “Players have realised the need to invest to grow their businesses, which also shows their confidence in the market. On the whole, 78 per cent of the brands surveyed said they increased their investments. Part of these is also used to build inventories before the season to scale-up sales. Nearly 85 per cent of big brands and 67.5 per cent of small brands increased their investments by one to 20 per cent.” “Increasing investment in the sector shows there is confidence in the sector,” said Rahul Mehta, managing director of Creative Lifestyles.
Giant brands (with a turnover of over Rs 300 crore) performed during the quarter and topped the growth chart with 10.29 points. Brands with a turnover between Rs 100 crore to Rs 300 crore saw its points rise by 9.28 and brands with a turnover of Rs 25 crore saw a rise of 8.02 points. Inventory holdings had an impact on most brands. Smaller brands have been the worst hit and have seen an impact on their profitability.
According to a survey done by CMAI, the quarter also witnessed a 70 per cent sales turnover rise, with an increase in investments to create improved facilities and infrastructure. Giant brands have registered growth, with over 70 per cent of this growing 21-40 per cent.
SOURCE: The Business Standard
While the domestic market is reeling under over supply, major denim makers have looked to tap the growing overseas market in order to garner better margins. Export orientation has led to improved third quarter results for denim companies this fiscal. While the domestic market is reeling under over supply, major denim makers have looked to tap the growing overseas market in order to garner better margins. This move has reaped benefits for the likes of Arvind Ltd., Nandan Denim Ltd. (NDL) and KG Denim Ltd., to name a few.
For instance, increased penetration in exports market, coupled with capacity expansion has pushed Nandan Denim Limited (NDL)'s net profit for third quarter ended December 31, 2014 of fiscal 2015-16 by 38 per cent. Part of the leading conglomerate Chiripal Group, the denim fabric maker NDL has registered a Q3 net profit of Rs 12.63 crore in FY '15 as against Rs 9.15 crore in the corresponding period last year. What's more, with a long-term focus on sustainable and profitable growth, NDL has earmarked a capacity expansion plan of Rs 612 crore. While as on November 2014, it has incurred expenditure of Rs .262.53 crore, the capex is scheduled to be completed by March 2016.
"This capacity expansion will enable the company to strengthen its domestic market share, expand its exports business and have an increased focus on value-added segments. The company will be favorably placed to tap the growing domestic and international denim demand. Further, our backward integration process is expected to be margin accretive while improving operational flexibility, execution consistency and quality standards. We believe that with improving asset turnover and operating margins will lead to positive operating leverage and better return ratios," said Deepak Chiripal, chief executive officer of Nandan Denim Ltd.
Further, among the denim industry players, KG Denim too posted a whopping 215 per cent growth in its Q3 net profit for FY'15. As against a net profit of Rs 1.62 crore for the third quarter ended December 31, 2013, KG Denim registered a net profit of Rs 5.11 crore for the corresponding quarter ended December 31, 2014. On the other, though its other businesses have also registered healthy margins such as brands and apparel retail and textiles, the Ahmedabad-based textile conglomerate Arvind Ltd. too posted a healthy growth in its overall net profit for the third quarter of fiscal 2014-15. The company has been at the forefront of export-led growth in its denim business even as continues to supply to major global brands in regions like the US, Europe and Asia, among others.
Backed by revenue growth in its various business segments, Ahmedabad-based integrated textile and branded apparel player Arvind Ltd has registered a 6.78 per cent growth in its consolidated net profit for the third quarter ended December 31, 2014. The company's Q3 net profit of fiscal 2014-15 grew to Rs 109.10 crore, up from Rs 102.17 crore for the corresponding quarter last year. Arvind Ltd.'s total consolidated income grew by 17.08 per cent at Rs 2088.73 crore for the quarter ended December 31, 2014, as against Rs 1783.90 crore for the quarter ended December 31, 2013.
According to Jayesh Shah, director and chief financial officer of Arvind Ltd., the revenue growth of 17 per cent is led by segmental growth of 22 per cent in brands and retail business as well as nine per cent in textiles business of the company. On the standalone basis, the company posted a similar growth of around 5.68 per cent in its net profit of Rs 99.21 crore for the quarter ended December 31, 2014 as compared to Rs 93.87 crore for the quarter ended December 31, 2013. The total standalone income of Arvind Ltd., on the other hand, grew by 10.68 per cent to Rs 1352.88 crore for the quarter ended December 31, 2014. In the corresponding period last year, the company had registered a total standalone income of Rs 1222.32 crore. However, in near future, the company is expecting strong global demand for textiles, leading to similar revenue growth. "While see strong global demand for textiles, Indian retail demand is not as expected. We expect revenue growth of 14-15% for this financial year and hope to maintain operating margin at current level," Shah added.
SOURCE: The Business Standard
Minister of State for Textiles (I/C), Shri Santosh Kumar Gangwar, laid the foundation stone for Apparel & Garment Making Centre at Dimapur, Nagaland. He inaugurated a Weavers' Service Centre at Toluvi, Nagaland as well. The steps taken reflect the Government's intent to make development inclusive and participatory, based on the philosophy of Sabka Saath Sabka Vikas. They also build upon the Make in India brand, so as to take the textile industry in the North East region to greater heights.
North East Region Textile Promotion Scheme (NERTPS) of the Ministry of Textiles is a major initiative in the above direction. NERTPS is an umbrella scheme for the development of various segments of textiles, i.e silk, handlooms, handicrafts and apparels & garments. The scheme has a total outlay of Rs. 1038.10 crore in the 12th Five Year Plan. A landmark initiative under NERTPS, for construction of apparel and garment making centres in North Eastern States, has been launched in Nagaland by the Hon'ble Prime Minister on 1st December, 2014.
Under this, each state will have one centre with three units. For local entrepreneurs with requisite background, required facilities to start a unit will be provided in 'plug and play' mode. Once such entrepreneurs get established, they can set up their own units, allowing the facility to be provided to new entrepreneurs. The project will be fully funded by the Ministry, with an estimated expense of Rs. 18.18 crores for each state. The central assistance would be towards construction of physical infrastructure, purchase of machinery and capacity building for next three years. Each centre is estimated to generate direct employment for 1,200 people. NBCC has been assigned the work of construction of centre and installation of machinery.
SOURCE: The Business Standard
Staple fibre shipments in January stood at 118 million kg, (cotton, ASF, PSF, VSF, PPSF and wool) worth INR1,125 crore or US$182 million. Cotton alone accounted for more than 90 per cent of all types of fibre exported during the month at 592,900 bales or 100.8 million kg worth US$157 million. Another 17 million kg of manmade fibres were also exported during the month worth US$25 million.
Bangladesh, China and Vietnam were the largest importers of cotton and together accounted for 83 per cent of all cotton export in January. USA was the largest importer of PSF in January while China was the major importer of VSF, in similar comparison. Iran was the dominant buyer of ASF with import worth US$1 million. The other major was Vietnam. UAE was the lone importer of polypropylene staple fibre in January.
SOURCE: Yarns&Fibers
Tabling proposals in his first full-fledged Budget (2015-16) in the Vidhan Sabha here on Tuesday, Gujarat Finance Minister Saurabh Patel levied 5 per cent VATon technical textiles to net additional revenue of Rs. 80 crore."All other states have taxed technical textiles. So far, we had given them sufficient time to grow. Now they are big enough and can be covered under the tax net," Patel said addressing media after the Budget speech.
Apparently, to support the social sectors, the state government has taxed technical textiles. Other than that, no new taxes were levied in the first full-fledged budget of the Anandiben Patel government. The Rs. 1,39,139-crore budget is estimated to have an overall surplus of Rs. 125 crore and revenue surplus of Rs. 7,308 crore. The budget allocations focused on social sector, with about 56 per cent of the total Rs. 96,944 crore of developmental spend being allocated to it, followed by infrastructure sector with 46 per cent.
However, Patel also announced tax relief to the tune of Rs. 20 crore including reduction of VAT on Aviation Turbine Fuel (ATF) from 30 per cent to five per cent for cities other than Ahmedabad and Vadodara, and tax exemption for oral contraceptive pills, isabgul and isabgul husk, besides reduction in tax for imitation jewellery. On the state finances, the minister maintained that fiscal deficit is 2.24 per cent of the GSDP, which is below the permissible limit of 3 per cent under the Fiscal Responsibility and Budget Management (FRBM). Public debt is estimated at Rs. 24,852 crore for the year 2015-16, the minister informed.
New infra projects
For the first time, the state government has announced to set up a joint-sector company with Central government to set up regional rail connectivity in the state. An allocation of Rs. 10 crore has been made for the proposed project, which will connect 38 stations including main cities of the state with nearby towns. "This will be carried out in the partnership with Rail Vikas Nigam of the Government of India," he said. Also, the state has proposed Rs. 10 crore allocation for formation of the Island Development Authority to explore tourism and security potential of the islands along the Gujarat coastline. By allocating Rs. 1,100 crore in the annual budget, the state is also planning to set up 200,000 affordable houses in a year under the Mukhyamantri Gruh Yojana.
SOURCE: The Hindu Business Line
South Africa and India are set to become global economic power centres and the two countries should do more business with each other to create more jobs, a senior South African minister said here today. "The emerging economies have become the new centres of economic growth," said Deputy Minister of Trade and Industry Mzwandile Masina at the 6th India Investment and Trade Initiative (ITI). "Our regions are designed to become global economic power centres," he said. "BRICS in particular is in the forefront of the leading economies of the future." Masina said both countries should take advantage of the BRICS membership and do more business with each other.
BRICS countries comprise Brazil, Russia, India, China and South Africa. Masina said there was scope to do more to increase the investment, hence South Africa's return to India for the ITIBSE 0.00 %. The seminar, which was attended by more than 200 business people from India and South Africa, is part of the Department of Trade and Industry's export and investment promotion strategy to focus on India as a high growth export market and foreign direct investment source. Total trade between the two nations grew from 80.9 billion Rand in 2013 to 90 billion Rand at the end of 2014. Out of this South Africa exported 40.9 billion Rand and imported goods worth 49.4 billion Rand from India during 2014.
SOURCE: The Economic Times
The 14th Finance Commission on Tuesday recommended a fiscal deficit target of 3.6% of gross domestic product or GDP in 2015-16 and 3% in the subsequent years on the back of a likely pick-up in economic growth. “For the Union government, the ceiling on fiscal deficit will be 3% of GDP from 2016-17 onwards up to the end of our award period,” the commission’s report tabled in Parliament said.
The fiscal deficit for FY15 was pegged at 4.1% of GDP and government has repeatedly said that it would stick to the target. “The commission has made recommendations that deal with issues including GST, fiscal environment and fiscal consolidation road map… these recommendations will be examined in due course in consultation with various stakeholders,” finance minister Arun Jaitley said. The commission, headed by former RBI governor YV Reddy, further said, “We expect that an improvement in the macroeconomic conditions and revival of growth as well as tax reforms should enhance the total tax revenues of the Union government, enabling it to eliminate the revenue deficit completely much earlier than 2019-20.”
Referring to states, it said fiscal deficit of all them will be anchored to an annual limit of 3% of gross state domestic product (GSDP). The states will be eligible for flexibility of 0.25% over and above this for any given year for which the borrowing limits are to be fixed if their Debt-GSDP ratio is less than or equal to 25% in the preceding year.
Keeping in mind the importance of risks arising from guarantees, off-budget borrowings and accumulated losses of financially weak PSUs when assessing the debt position of states, the commission recommends that both Centre and states adopt a template for collating, analysing and annually reporting the total extended public debt in their respective budgets as a supplement to the budget document. Recognising that the fiscal environment should be conducive to equitable growth, it recommend that the Union and the states should target improving the quality of fiscal management encompassing receipts and expenditures while adhering to the roadmap outlined.
SOURCE: The Financial Express
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$ 56.76 per barrel (bbl) on 24.02.2015. This was lower than the price of US$ 57.39 per bbl on previous publishing day of 23.02.2015.
In rupee terms, the price of Indian Basket decreased to Rs 3535.01 per bbl on 24.02.2015 as compared to Rs 3568.51 per bbl on 23.02.2015. Rupee closed weaker at Rs 62.28 per US$ on 24.02.2015 as against Rs 62.18 per US$ on 23.02.2015.
The table below gives details in this regard:
|
Particulars |
Unit |
Price on Feb 24, 2015 (Previous trading day i.e. 23.02.2015) |
Pricing Fortnight for 16.02.2015 (Jan 29 to Feb 11, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
56.76 (57.39) |
52.70 |
|
(Rs/bbl |
3535.01 (3568.51) |
3258.97 |
|
|
Exchange Rate |
(Rs/$) |
62.28 (62.18) |
61.84 |
MJPS/Rk/Daily Crude oil price- 25.02.2015
SOURCE: PIB
Modest Growth In Europe
Based on production levels from 2007 to 2013, the European technical textiles sector — including nonwovens and textile-reinforced fiber composites — have grown slightly more strongly than the gross domestic product (GDP). However, said Grebe, “Economic influences clearly had an impact in the crisis years of 2008 and 2009, causing a sharp drop of the production in all three sub-segments. The main factor here was the economic downturn in Europe as a consequence of the European debt crisis, as well as the global economic slowdown.”
Nonwovens A Key Factor
Growth in Europe also has been driven by the nonwovens segment, where production increased by more than 11 percent since 2007. Expected is a further moderate production growth of 2 percent this year. In the other (true) technical textiles segment, even stronger growth was reported up to 2011. Overall, the report says, the expectation in terms of growth in the technical textiles segment seems to accelerate slightly in the short to medium term. This year, the production index could increase again by 2 percent.
Composites Back On Track
In contrast, the composites segment still has not regained its high level of 2007. Trends in the construction and automotive construction sectors — and particularly in the premium vehicle and truck segments — where lightweight components play a mostly important role and which had already declined sharply in 2008 — are likely to have had a greater impact here than for other technical textiles. For composites too, Grebe expects further moderate growth in Europe in 2014. “Given the progressive recovery in the abovementioned customer sectors, growth could be even higher than for other technical textiles,” he said.
Composites — a lightweight composite material, which consist of a textile reinforcing structure, mainly glass, but also increasingly carbon, aramid or basalt fibers — is embedded in a matrix material — often a duroplastic resin. If this involves pre-impregnated structures, so-called “prepregs”, these are mainly produced as reels and can be finished using various processes to form multilayered structures. A distinction also is made in terms of stability between so-called low and high performance composites. The fiber material and the length of the fiber determine the degree of firmness. Only short fibers are therefore used for low performance composites, while the production of high performance composites is based on the utilization of long or continuous fibers.
Table 1: Global Growth for Composites
|
Sector (million metric tons) |
Global Market |
CAGR 05-10 |
|
Construction |
31 |
4.4 |
|
Vehicle construction, transport |
19 |
4.9 |
|
Electrical engineering, electronics |
16 |
5.4 |
|
Pipeline and container construction |
12 |
5.2 |
|
Consumer goods, e.g. sports equipment |
6 |
3.2 |
|
Shipbuilding |
6 |
2.2 |
|
Wind energy |
3 |
10.1 |
|
Aviation |
1 |
8.9 |
|
Other |
6 |
3.8 |
|
Total |
100 |
4.4 |
Sources: Gherzi, estimates Commerzbank
The global market for technical textiles has grown strongly in recent years and the global importance of technical textiles is generally significantly underestimated.
Table 2: Global Market (in General) For Technical Textiles.
|
2011 |
Million Metric Tons |
% Share |
Billion USD |
% Share |
|
Technical textiles |
25.0 |
61 |
133 |
52 |
|
Nonwovens |
7.6 |
19 |
26 |
10 |
|
Composites |
8.0 |
20 |
94 |
38 |
|
Total |
40.6 |
100 |
253 |
100 |
Source: Gherzi, estimates Commerzbank
Based on various estimates, global market volume for technical textiles excluding nonwovens and composites amounted to around 22 million metric tons in 2012 or respectively $133 billion. Including nonwovens and composites, global market volume even exceeds $250 billion or 40 million metric tons. Based on fiber consumption in metric tons, the proportion of technical textiles is slightly more than 25 percent of total global textile production. In the last decade, global sales of technical textiles by the narrower definition — excluding nonwovens and composites — have grown by more than 30 percent. The global market volume will probably reach $160 billion by 2018.
Asia, headed by China, dominates the global technical textiles market in terms of volume, by value the picture shifts in favor of the developed markets and producers. China and India account for almost half of global production. Global market shares for technical textiles 2011 are
|
Region |
Share in % |
|
China |
30 |
|
European Union |
16 |
|
India |
18 |
|
Rest of the world |
17 |
Sources: CIRFS, Edana
Nonwovens have been the fastest growing segment in Europe and also worldwide. Growth in nonwovens has been even stronger than for other technical textiles; sales and production have more than doubled in the decade before 2012. China also already overtook the United States as the world market leader for nonwovens in 2013, with a volume-related share of 28 percent of the global market and is also the global market leader for nonwovens.
The European composites market has shown only a sideways trend in recent years, although with marked regional differences. There is a very varied picture for composites, which ultimately reflects the economic recovery in Europe and globally. While Germany-based producers have steadily increased their production following steep downturns in 2008 and 2009, production has declined in the last two years, particularly in Spain and France. Germany also is the European market leader for composites, currently accounting for about a quarter of global market volume. It is striking here that neighboring Turkey, as well as Saudi Arabia, viewed in isolation now account for higher production volumes respectively than any other European country – driven by high demand in the construction, tank and pipeline sectors.
SOURCE: The Textile World
The denim industry will gather again in Dhaka for the third expo on denim and jeans that is schedule to start in Dhaka on March 1. The two-day show to take place at Radisson hotel will target local and international denim customers, said Denimsandjeans.com Bangladesh, organiser of the event. Bangladesh is a major sourcing hub for denim and jeans as the country sells more than $1.5 billion worth of denim apparel to different countries every year.
According to owner of Denimandjeans.com Bangladesh, Sandeep Agarwal, Bangladesh has strengths in apparel industry duly supported by textile base which no other Asian country has. The show will bring some of the most important denim personalities of the globe under one roof and help in further focus on the denim industry in Bangladesh.
Besides there will be a denim fashion show, Fashionim which will highlight the fashion side of the industry as well. Twenty six companies from Bangladesh, India, Pakistan, Germany, Turkey, Brazil and China will show their products in the exhibition. The event is technically supported by the Promotion of Social and Environmental Standards in the Industry, a joint project of the governments of Bangladesh and Germany. Bangladesh is the largest exporter of denim jeans to Europe, even more than China.
SOURCE: Yarns&Fibers
Pakistan’s textile exports have surged by one percent to $8.096 billion during the first 7 months (July-January) of ongoing financial year (2014-15) against $8.016 billion exports of same period of last year. According to Pakistan Bureau of Statistics (PBS), the textile products that witnessed increase in trade included yarn other than cotton yarn export of which increased by 24.86 percent, by going up from $20.987 million this year. Exports of knitwear also increased by 10.19 percent from $1.306 billion last year to $1.44 billion this year while the exports of bed wear increased by 0.08 percent from $1.254 billion to $1.255 billion.
According to PBS data, towels during the period under review increased by 4.81 percent to $449.287 million from $428.687 million during last year. The exports of tents, canvas and tarpaulin also surged by 101.71 percent from $46.386 million during July-January 2013-14 to $93.565 million during July-January 2014-15, whereas the exports of ready made garments increased by 10.53 percent from $1.097 billion to $1.212 billion.
Similarly the exports of art, silk and synthetic textile increased by 3.9 percent from $209.388 million last year to $217.564 million this year. Made-up articles’ exports also increased by 2.41 percent from $372.394 million last year to $381.385 million this year while the exports of other textile materials increased by 11.25 percent from $256.89 million last year to $285.779 million this year. The products that witnessed negative growth in exports included raw cotton exports of which declined by 13.92 percent, from $154.052 million to $132.615 million. The exports of cotton yarn decreased from $1.224 billion to $ 1.154 billion, showing a decrease of 5.71 percent while exports of cotton cloth decreased from $1.639 billion to $1.444 billion, showing decrease of 11.87 percent.
SOURCE: The Customs Today
Federal Minister of Commerce Khurram Dastgir on Monday said that Pak-Turkey Free Trade Agreement (FTA) would increase export of textiles, agro and dairy products, and livestock. He said, would conduct a pre-FTA study and and hold extensive discussions with stakeholders to strike the best possible deal. The minister, in a statement here, said future trade agreements concluded by the Ministry of Commerce would be based upon market research and the lessons learnt from previous accords. He said that the ministry had recently constituted Services Export Council, which would help promote the export of software, insurance and banking services to Turkey.
He said that the ministry had conducted review studies of FTAs with China, Malaysia and Sri Lanka to know the effects of agreements on Pakistan's economy, imports and exports. He said that the mechanism adopted to conclude these trade agreements in the past was also scrutinized to include modern best practices of negotiations and trade agreements. This would greatly enhance the institutional capacity of the ministry to become an efficient trade promotion institution which could safeguard the trade interests of Pakistan at bilateral and multilateral forums, he said.
He said that high tariffs were giving way to low tariffs and in order to protect local manufacturing, more and more countries were resorting to trade defence mechanisms instead of high tariffs. Pakistan, he said, was in the process of strengthening the institutional and human resource capacity of its trade defence organizations by empowering them through laws which would be implemented soon.
SOURCE: The Pakistan Herald
Heads of the East African Community member states on agreeing to set up a mechanism that will promote growth and protection of textile and tanner industries in East Africa. The council of ministers is currently working out modalities to enhance implementation of the agreement by Heads of State to revive textile and tanner industries.
The Minister for East African Cooperation, Dr Harrison Mwakyembe, after the conclusion of the 16th EAC Summit for Heads of Stated said in Dar es Salaam that the region was committed to utilizing effectively the potential in textile and skins and hides industries to reduce dependence on importation of second-hand clothes and shoes. The minister was explicit on the implementation of the plan insisting that the population had nothing to worry about as no inconvenience would be caused and socio-economic stability would be guaranteed. As for the wider picture, the plan is to spur trade with the community and beyond.
Of late, importation of second- hand clothes took their toll in all five major cities let alone other district headquarters. Despite the fact that a section of the community make gains from the business, the future of the region in terms of textile industry remained uncertain. Textile industry can offer employment to millions in the region.
Effective March 16, 2015, officials from concerned ministries, namely, Trade, Tourism and EA Cooperation will meet in Arusha to lay down the basis of discussion to end the impasse for the region to move forward, Ms Mapunjo explained. President Jakaya Kikwete is the current Regional Chairman of EAC and Tanzania will remain exemplary in the implementation of various agreed items. Nairobi hosted the 16th Ordinary Summit of EAC Heads of State at the Kenyatta International Conference Centre in Nairobi. The summit was preceded by 30th Extraordinary Meeting of the EAC Council of Ministers.
SOURCE: Yarns&Fibers
Last year was the best of the last 11 for Portugal's textile and clothing manufacturers, with exports up 8% at €4.6 billion, according to the industry association, which said the figures showed the sector "has a future". At a news conference on Tuesday, the ATP stressed that the growth seen last year enabled the sector to reverse a longstanding trend of shrinking workforce, with 4,000 new jobs created.
According to the association's president, João Costa, the declared goal of reaching €5 billion in exports by 2020 - the level achieved in 2001 before China and India joined the World Trade Organisation and the European Union was forced to lower barriers to imports from those countries - could even be achieved earlier than expected. This year, Costa stressed will be key to the industry, with the coming into effect of the new EU plan for the use of structural funds in the country, known as Portugal 2020. The strong growth, he said, "shows the capacity of modernisation and renewal of the sector in the past few years", which was achieved "with fewer companies and about half as many workers as in 2001." Now, he said there is now even a shortage of qualified workers in the sector.
On the future, Costa expressed concern about the new trade accord that is being negotiated between the EU on the one side and the US and Canada on the other. While textile exports to the US and Canada could jump from €200 million at present to some €500 million - their level of the 1980 and 90s, the deal must be fair on both sides. Spain remains Portugal's biggest market, followed by France, the UK and Germany. The district of Braga is Portugal's textile heartland, accounting for 57% of the entire sector's turnover in Portugal.
SOURCE: The Portugal News
Researchers at Joanneum Research, one of the largest non-academic research institutes in Austria, have found a way to identify alkaline detergent residues in clothing. The team has attached indicator dyes to fabrics, which display the pH of washing solutions or shower gels by a colour change. The textile indicator material exhibits a colour change from green to red, when the pH value is not in skin-friendly range around 5-6, but is in the aggressive alkaline pH range > 8.
Sensitive skin
Freshly washed laundry can sometimes lead to itching and redness, which is especially relevant for those who suffer from sensitive skin. The culprit is often an aggressive detergent that is not being completely removed by rinsing. It is particularly problematic for children who are suffering from eczema – 10% to 15% of all children and adolescents suffer from this incurable skin disease.
Hypoallergenic products
The indicator may be useful for manufacturers of dermatological washing agents and personal care products, who want to prove their washing lotions to be hypoallergenic and pH neutral, the institute reports.This not only applies for soaps, shampoos and shower gels, but also for ecological laundry nuts and fabric softeners. Manufacturers of detergents, for example, may provide their customers with laundry nets containing an integrated colour label, which will show, whether alkaline detergent residues are still left in the clothes. This is important for dermatitis patients and babies in order to prevent skin irritation and rashes.
Possible applications
Also conceivable are labels in high quality garments, which not only give the usual washing and ironing instructions, but at the same time prove through colour changes whether or not the alkaline detergent was completely removed from the fabric. Other possible uses include indicator labels for efficient and economical rinsing of the washing machine, or for the fast and easy examination of hospital laundry with respect to residues of alkaline detergents. The indicator textile developed at Joanneum Research can be sewn, embroidered, applied via transfer printing, and is compatible with the current manufacturing processes in the textile industry, according to the manufacturer.
SOURCE: Innovation in Textiles
SDC Enterprises have combined their extensive knowledge of fabric quality control, textile testing, dyeing and continuity of technical performance in test materials to develop a range of verification fabrics to improve the controls available to organisations involved in textile testing. Use of these fabrics will provide a simple and effective way for laboratories, either test houses or manufacturers in-house facilities, to implement verification or control procedures for their testing. The verification of the consistency of lab results can be assessed, over time, or between labs, technicians and pieces of equipment. The range can also be a useful addition to the assessment and training of technicians, or they can be used as control fabrics to ensure test procedures are conducted correctly or equipment is performing as expected.
All the fabrics have been manufactured and dyed/finished in the UK under the complete control of SDCE to guarantee future reproducibility and traceability. Each fabric has been tested repeatedly throughout the batch to ensure test results are identical whatever the quantity or frequency of purchase. This testing will be repeated over time to ensure users can safely benefit from verifying the same test over extended periods of time. Also available, to retailers and organisations running accreditation schemes, is a similar range of correlation fabrics. Whilst these fabrics cover the same test methods as the verification range, instead of the long-term continuity of results these products will vary by batch ensuring different results and traceability for individual accreditation schemes. A unique development service is also available to work with retailers to produce correlation fabrics within their own agreed tolerance of results.
SOURCE: The Textile Today
