Textile Raw Material Price 2015-05-27
|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1269.27 |
RMB/Ton |
-0.32% |
|
VSF |
2037.36 |
RMB/Ton |
0.00% |
|
ASF |
2493.64 |
RMB/Ton |
0.00% |
|
Polyester POY |
1240.70 |
RMB/Ton |
-0.65% |
|
Nylon FDY |
3134.40 |
RMB/Ton |
0.00% |
|
40D Spandex |
6399.40 |
RMB/Ton |
-1.26% |
|
Nylon DTY |
3379.28 |
RMB/Ton |
0.00% |
|
Viscose Long Filament |
5950.46 |
RMB/Ton |
0.00% |
|
Polyester DTY |
1526.39 |
RMB/Ton |
-0.53% |
|
Nylon POY |
2938.50 |
RMB/Ton |
0.00% |
|
Acrylic Top 3D |
2688.73 |
RMB/Ton |
0.00% |
|
Polyester FDY |
1477.41 |
RMB/Ton |
-1.09% |
|
30S Spun Rayon Yarn |
2726.28 |
RMB/Ton |
0.00% |
|
32S Polyester Yarn |
2024.30 |
RMB/Ton |
-0.80% |
|
45S T/C Yarn |
2987.48 |
RMB/Ton |
0.00% |
|
45S Polyester Yarn |
2203.88 |
RMB/Ton |
0.00% |
|
T/C Yarn 65/35 32S |
2546.70 |
RMB/Ton |
0.00% |
|
40S Rayon Yarn |
2889.53 |
RMB/Ton |
0.00% |
|
T/R Yarn 65/35 32S |
2758.93 |
RMB/Ton |
0.00% |
|
10S Denim Fabric |
1.14 |
RMB/Meter |
0.00% |
|
32S Twill Fabric |
1.00 |
RMB/Meter |
0.00% |
|
40S Combed Poplin |
1.35 |
RMB/Meter |
0.00% |
|
30S Rayon Fabric |
0.78 |
RMB/Meter |
0.00% |
|
45S T/C Fabric |
0.79 |
RMB/Meter |
0.83% |
SOURCE: The Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.16325 USD dtd. 27/05/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
India’s textile and apparel exports are expected to grow at a compounded annual growth rate (CAGR) of 9 per cent, from around $40 billion in 2013, to $95 billion in 2023. Analytic and research firm Technopak said in a report that the Indian textile and apparel market was estimated at Rs. 3,20,000 crore in 2013, and is projected to grow at a CAGR of 9 per cent to Rs. 7,57,000 crore by 2023. While menswear contributes 42 per cent to the Indian apparel market, womenswear contributes to 38 per cent, kidswear 20 per cent. Data also suggest that the Rs. 21,160-crore domestic home textiles market is expected to grow at a CAGR of 8 per cent to reach Rs. 43,970 crore by 2023. Though garment and textile exports from India have fallen short of the $45-billion target set by the Textiles Ministry, the government has set 14-per cent higher export target at $47.5 billion for the current fiscal.
Registering a flat growth at $41.4 billion in 2014-15, as against $40.8 billion in the previous fiscal, garment and textile exports grew just 5 per cent in the last fiscal. The government is also set to unveil a national textiles policy that aims to raise exports to $300 billion by 2024-25, and create around 35 million jobs. While apparel and garment industries are to be set up in Uttar Pradesh, Bihar and the North-Eastern States, millions of jobs are expected to be created within the States. The government has also simplified guidelines for setting up textile parks.
Global overview
Technopak data showed that the global textile and apparel trade was worth $773 billion in 2013, and is expected to grow at a CAGR of 5 per cent over the next decade. China dominates global textile and apparel exports with a 40 per cent share of made-ups, 37 per cent of apparel, and 39 per cent of fabric. The report noted that India, Bangladesh, Vietnam, Turkey, and Pakistan, are the other major textile and apparel exporters. The global fabric trade was worth $137 billion in 2013, while the global apparel trade was worth $428 billion. The US, EU, and Japan remain key apparel importers.
SOURCE: The Hindu Business Line
A seminar on Challenges and Opportunities in Textile Processing – A Way Forward was held on 21 May 2015 organised by the Textile Association (India), Mumbai Unit. The chief guest was R R Gorakhia, Director, Textiles Committee, Ministry of Textiles. S M Khire, Director – Operations, Welspun Syntex Ltd. was the Guest of Honour. The seminar was held in Thane for the benefit of textile processing clusters around the city of Mumbai. The focus was mainly on Green Environment and Green Technology. The seminar was attended by over 150 participants. R R Gorakhia in his inaugural address emphasised on “zero effect & zero defect” concept initiated by union government on Make in India. He also discussed about the conservation of water, steam, electrical energy, etc. in textile processing. S M Khire in his address said that there are many challenges in the field of processing and these challenges create opportunities to overcome various issues. Five deeply research papers were presented by eminent speakers at the seminar. They were presented by Elliyas Mohammed of Colourtex Industries, Dr. Ashok Athalye, of Atul Ltd, S M Khire of Welspun Syntex, Vishwanath Shastri of ATE Enterprises and Dr. Binay Kumar Choudhury of Control Union Certifications India Pvt. Ltd.
The Paper Presentations was followed by panel discussion moderated by Dr. G. S. Nadiger, Textile & Management Consultant. The panel comprised of Prabodh Patel, Textile Consultant, Prasad Pant, CEO, NimkarTek Technical Services and Mahesh Sharma, Textile Processing & Environment Consultant. Dr. Nadiger enumerated the various initiatives taken by industry and government with regards to common effluent treatment plants over the past 20 years. He said the government has given utmost priority for pollution related issues along with technology up-gradation and product diversification. Prabodh Patel discussed the importance of laboratory functioning to get the consistent results in bulk processing. Pant expressed his views to restrict the use of hazardous chemicals in the processing and why process and product chemicals knowledge is becoming a critical issue for business development. The hazardous nature and its effect should not be associated with international market as it affects environment and mankind and process optimization to target desired quality. Mahesh Sharma emphasized on cleaner production and stressed upon on resource conservation. The cleaner production helps to reduce volume and load of effluent and emission.
SOURCE: Yarns&Fibers
Several progressive farmers, industrialists and institutions in cotton trade expressed utter displeasure over Akola district being excluded from the textile project proposed by the government in Maharashtra despite the region being described as cotton belt, having the infrastructure and textile cottage industries. According to proposal the textile parks would be installed at nine places in the state including Amravati, Jalna, Jalgaon, Parbhani, Nanded, Beed, Buldhana and Aurangabad. Interestingly, the textile parks have been proposed in such regions where cotton cropping is negligible. Babulal Gurukhudde 80-year-old farmer lamented that the development of Akola region had been prevented by excluding cotton belt Akola from the project. Another middle-aged farmer Purushottam Khot failed to understand the government's decision for excluding Akola from the project. Ashokji Gupta, former president of Vidarbha Chamber of Commerce and Industry reacting sharply at non-inclusion of Akola in textile industry said the city could not be developed unless the airport at Shivni was established. Senior officers and executives preferred air travel instead of train as time was precious for them, he added. However, he lamented it was the state government's apathy for not including Akola in the textile park scheme. At present only one cotton spinning mill is running at Barshi Takli tehsil town in Akola district. Local BJP MP Sanjay Dhotre, BJP MLA Gowardhan Sharma were not available for comments. Other party bosses are out of station or their mobiles were found switched off.
SOURCE: The Times of India
A delegation of Indian lawmakers led by Minister of State for Skill Development Rajeev Pratap Rudy is on a 10-day visit to Australia and New Zealand where various bilateral issues including business and security would be discussed. "MPs are here to meet Australian leaders and to discuss various aspects of partnerships in the area of business, free trade agreement (FTA), security and also on skill development front," Rudy said while addressing the community. "These missions are the follow up exercises post the Prime Minister Narendra Modi's visit to Australia.”We did feel there was lot of commonalities between the two countries and also the procedures of the Parliament house here," Rudy said. The 10-member delegation includes BJP's Avinash Raj Khanna, Samajwadi Party's Arvind Kumar Singh, Shiv Sena's Shivaji Adhalrao Patil, AIADMK's Ponnusamy Venugopal, Janata Dal's Ali Anwar Ansari as well as CPI (M)'s Jharna Das Baidya would be visiting Canberra, Sydney after wrapping their visit to Victoria.
After completing the Australian leg of the visit that began on May 25, a part of the delegation would be heading to New Zealand. The delegation was last night greeted by a large group of Indian community leaders here in the presence of Indian consul General Manika Jain. The delegation which visited Victorian Parliament is also due to visit and attend proceedings in the federal Parliament in Canberra. "There is lot to take home from here and this is what we are working on," Rudy said. Welcoming the visiting leaders,the chair of Confederation of Indian Australian Associations (CIAA) Vasan Srinivasan presented sketch plan of smart village project to them with an appeal letter for its implementation in India in bid to promote green habitat and livelhood infrastructures in villages. "We here have conceived the smart village project for India which envisages to main growth engine of India with objectives for elimination of unemployment entirely, stoppage of migration from villages and environmental tranquillity," Srinivasan said.
SOURCE: The Economic Times
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$ 62.22 per barrel (bbl) on 27.05.2015. This was lower than the price of US$ 62.26 per bbl on previous publishing day of 26.05.2015.
In rupee terms, the price of Indian Basket increased to Rs 3978.97 per bbl on 27.05.2015 as compared to Rs 3975.30 per bbl on 26.05.2015. Rupee closed weaker at Rs 63.95 per US$ on 27.05.2015 as against Rs 63.85 per US$ on 26.05.2015. The table below gives details in this regard:
|
Particulars |
Unit |
Price on May 27, 2015 (Previous trading day i.e. 26.05.2015) |
Pricing Fortnight for 16.05.2015 (April 29 to May 13, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
62.22 (62.26) |
64.51 |
|
(Rs/bbl |
3978.97 (3975.30) |
4115.09 |
|
|
Exchange Rate |
(Rs/$) |
63.95 (63.85) |
63.79 |
SOURCE: PIB
A banker-turned-politician Eran Wickramaratne, Sri Lanka’s deputy minister for highways and investment promotion, says trade and investment with India can grow exponentially. He, however, makes a strong case for reduction in non-tariff barriers (NTBs). In an interview with Sanjay Jog, he explains how both countries can prosper and help the region grow. Edited excerpts:
The heads of India and Sri Lanka have said economic ties are the pillars of the relationship between the two nations. What is your take?
There has been normalisation of relations since the change of presidency in Sri Lanka after January. President, Maithripala Sirisena visited India and Prime Minister Narendra Modi visited Lanka. This is significant. In the past, the relationship was more politically driven. In future, it will be driven by economic partnership. That’s the way to go. India is a large country, a large potential market for Sri Lanka, is a small country, with an educated workforce, good infrastructure, good communications and logistics. Lanka can make all that available for Indian companies which to source from the region and sell elsewhere.
What are the major blocks in increased economic and trade relations?
Sri Lanka has to be a little higher in the value chain. It has lots of professional services that could be used in business process outsourcing at the higher end. It is now ready for manufacturing. Some of India’s problems are to do with non-tariff barriers (NTBs), India has to work across several states. But Sri Lanka offers one jurisdiction, one administrative state. Therefore, it is easier to do business. Both countries need to grow. However, NTBs have caused some apprehensions among Lankan businesses. India and Lanka have a free-trade agreement (FTA). Trade has increased but it can grow exponentially if both work together towards reducing NTBs.
Any other hurdles?
NTBs are the largest block. India also needs to liberalise export of value-added products, and design and marketing services. For example, Lanka is a tea exporter but is not talking about bulk exports of these to India. India has a natural advantage, it has a lower base and that is why Lanka imports a lot from India. The trade balance is heavily in favour of India. For the two countries to grow, we need to look at Lankan exports to India.
Have the countries fixed any targets?
I would not put a number. India and Sri Lanka can even expand the FTA into a comprehensive economic partnership but (Indian officials) have to deal with the issues of NTB and build confidence on both sides. If we build that confidence, the sky is the limit.
What are the key sectors where both India and Lanka can further strengthen economic ties?
Manufacturing, tourism, power, roads, highways, ports and several others. India is building a coal-based plant; Lanka recently signed a preliminary agreement. Further, Sri Lanka can benefit from India’s civil nuclear programme.
What about India’s banking sector?
Indian banks have been in Lanka for a long time. The Lankan banking system is fairly advanced and modern, after being liberalised in 1977. Multinational banks came in at that time and we have a couple of them. There will be consolidation of banking industry in Lanka and when they do so, the only destination for them to look at is India.
India wants to counter China’s strategic influence in Lanka. Your comment?
Sri Lanka has a long-time relationship with China which is one of the two Asian economic powers. Therefore, no country can ignore India or China. India’s relationship with China has grown in recent years ... trust is beginning to grow. As that relationship grows, so does the relationship between India and Lanka. Our economic relationships with both India and China must grow. (The) Chinese have stood with Lanka in bad times, too; we appreciate that. There is room for both the relationships to grow.
Will Pakistan’s growing relations with Lanka work as a speed breaker?
Our relationship with Pakistan has been even-handed. Pakistan has been a friend of Sri Lanka and continues to be one. Sri Lanka’s strong relations with Pakistan can be a bridge between India and Pakistan, not only economically but politically. We have an FTA with Pakistan, too. Indian and Pakistani companies could profit by using Sri Lanka.
SOURCE: The Business Standard
Trade deals are unlikely to boost development in poor countries and the TPP is no exception. Casting around for a good reason to pass the Trans-Pacific Partnership into which Barack Obama’s administration has put so much lobbying effort, some economists have alighted upon the potential development benefits to the pact’s poorer members and particularly Vietnam. The argument goes that Vietnam, which has largely been following a classic east Asian development model of export-led growth in manufacturing (and some agriculture such as rice and coffee), will benefit from the reductions in tariffs that will enable it to sell more garments into the vast US market. There are, though, problems with this thesis, which apply more generally to any attempt to draw a substantial causal link between specific preferential trade deals and export-led growth. One is that such deals tend to be qualified by restrictions that in practice largely diminish their usefulness. Another is that some of the most spectacular export success stories have taken place without much assistance from bilateral or regional trade agreements. Finally, in a more recent development, the changing patterns of world commerce mean the opportunity for trade-led growth may well have diminished.
As Kim Elliott of the Center for Global Development points out, the benefits of the TPP to clothing exporters like Vietnam will be reduced by the US’s so-called “yarn forward” rules. The policy restricts the use of raw materials and textiles from countries outside the agreement — in this case largely China. The US textile industry is not the lobbying force it once was, but it is certainly strong enough to punch loopholes in the fabric of trade deals. Such so-called “rules of origin”, designed to prevent exports from one country essentially being imported and re-exported by another to take advantage of trade privileges, have reduced the impact of many rich countries’ trade preference schemes.
However, though freer trade in garments would be good news for Vietnam, it has been doing pretty well without it. High productivity and good infrastructure are often much more important than low tariffs in making producers competitive. Vietnam is already the US’s second biggest source of imported garments, with 11 per cent of the total. In doing so, it has out-competed other apparel-producing countries, including those with lower costs and larger populations such as Bangladesh. It has also done much better than economies facing fewer US trade restrictions, such as the African nations whose trade preference scheme, the US’s African Growth and Opportunity Act (AGOA), has more relaxed rules of origin allowing it to use imported fabric.
AGOA was touted as a way for Africa to export its way out of poverty, but the rise in non-oil exports, while statistically significant, has been limited. The main beneficiaries with regard to clothing exports have been countries that had already attained middle-income status (Mauritius, South Africa) plus a couple of lower-middle income economies (Kenya, Lesotho). For poorer countries without established clothing industries and with weak productivity and poor transport networks, lower tariffs are not enough to make their products competitive. Although it is about twice as well-off as Kenya and Lesotho, Vietnam has outcompeted Africa despite facing substantially higher tariffs. Indeed, the export-led growth star to beat them all, China, saw explosive growth in overseas sales during the 1990s before it was even a member of the World Trade Organisation. True, the US gave China “most-favoured nation” status that supposedly put it level with all WTO members. In practice, other developing countries got the paradoxical better-than-MFN access through preference schemes, and nonetheless China outpaced them.
The growth of “Factory Asia” — the internationally disaggregated supply chain for electronics, toys and other manufactures — during the 1990s and 2000s was a thing of wonder. But it is hard to point at any particular trade agreement that played a big role in facilitating it. Asean, the 10-member Association of Southeast Asian Nations, agreed a regional trade pact in 1991. But a subsequent study by the Japanese export agency Jetro concluded that it had played little role in fostering these trade links.
The Information Technology Agreement (ITA), a plurilateral deal for certain electronic goods and components agreed under the auspices of the World Trade Organisation in 1996, may have been somewhat more influential in the creation of Factory Asia. But the ITA is an open agreement whose benefits in terms of lower tariffs are extended to all WTO members, not just the signatories, and which essentially acts as a means of countries locking in unilateral liberalisation to signal that they are a reliable trading partner. And if the boom in emerging market exports and imports owed relatively little to formal trade deals, nor does their slowing relative to GDP have a lot to do with protectionism. The internalising of previously externally disaggregated supply chains within some big emerging markets, notably China, may well have reduced the ability of other developing economies to follow the east Asian tradition of labour-intensive export-led growth.
Whether that avenue is now harder to follow remains to be seen. What does appear to be true is that we should be wary of trade deals promising a big development boost to emerging markets where concessions are shot through with crafty loopholes, where there is a history of such agreements being neither necessary nor sufficient and where external circumstances are likely to reduce the potential for export-led growth in any case. The TPP may have some virtues — the search for them goes on — but liberating poor economies through export-led manufacturing growth is unlikely to be one.
SOURCE: The Financial Times
Pakistan Apparel Forum on Wednesday asked the government to reverse its decision of placing Gas Infrastructure Development Cess to scale down the textiles' growing input cost, fearing the fresh levies would downsize the country's largest exporting sector. Talking to Business Recorder, Chairman PAF, Muhammad Javed Bilwani said that the government's move to place the GIDC as Rs 100 per mmbtu would push manufacturing cost 'tremendously' and have a minimum impact on the sector by over 3.5 percent. "The government must understand. Textile is high volume low profit business," he urged, saying that struggling sector's profitability was hovering between four percent and five percent and not more than this. He regretted that the Value Added Textile Sector export would continue falling against the boosting growth by the neighboring competing countries augmenting their global trade manifold for their low input costs and extraordinary incentives which their governments had offered to their respective industries.
The Value Added Textile Export sector is a backbone of the national economy with a great potential for earning foreign exchange, he said that the sector contributed 54 percent to the country's total global trade and sheltered 42 percent urban jobs but was still heading to an imminent 'disaster'. He said that the government should revive a zero-rate status for Textile Sector with "no payments, no refunds regime" for the five export-oriented sectors through restoring the SRO 1125(I)/2011 to its original status. The government should release all pending Sales Tax Refund; Custom Rebates and DLTL Claims, he demanded, saying that a huge amount of exporters' liquidity was still withheld, which continued to restrain the exporters from running their manufacturing units. The downsizing manufacturing also scales back their production to ensure export deliveries, the Chairman PAF indicated.
He also wanted the government to undertake pragmatic policies in consultation with the textile stakeholders to reduce soaring cost of business by fixing tariffs of all essential raw material - inputs - gas, electricity, water etc. He urged the government to award a separate status for textile sector and supply it with all key utilities including gas, power and water. "Bangladesh is fetching $6 billion in Value Addition per Million Cotton Bales, while Pakistan just $1.17 billion. If the government considers above recommendations, we could convert our 14 million cotton bales @ $6 billion per million cotton bales like Bangladesh to $84 billion," he said.
SOURCE: The Business Recorder
Nigeria said Wednesday it would deport five Chinese businessmen it accused of illegally importing textiles to the country's second city, Kano. "The Chinese businessmen behind the massive illegal importation of textiles to Kano are to be deported from Nigeria," the Customs and Immigration services said in a joint statement. "Five Chinese nationals were involved in the operation of illegal warehouses in Kano, where prohibited textile materials worth billions of naira were uncovered." Customs spokesman Wale Adeniyi told AFP later that the five, aged between 26 and 35, did not posses valid travel documents to live and conduct business in Nigeria. Local traders in Kano, a centre of weaving and manufacturing dating back centuries, have increasingly complained that imported Chinese-made textiles were under-cutting local goods. They also claim Chinese traders engage in retail sales, which is prohibited to foreigners.
The Chinese were arrested earlier this month on suspicion of smuggling mass-produced fabrics and 26 warehouses containing goods on which import duties had not been paid were sealed. Hundreds of textile dyers staged street protests against what they view as a Chinese takeover of their trade that threatens to put 30,000 artisans out of business. The dyers, many of whom still use methods dating back more than 500 years, accused the Chinese of faking their products and selling inferior cloth at a fraction of the price. Officials said on Wednesday they had recently shut 75 warehouses where some 4.2 billion naira ($21 million, 19.4 million euros) worth of textiles were kept. In May 2012, immigration officials arrested and deported 45 Chinese nationals over retail trading after repeated complaints.
SOURCE: The News 24 Nigeria
Crude oil futures reversed early gains to fall towards $63 a barrel on Wednesday as the dollar’s recovery from early losses outweighed expectations of a draw on US oil stocks. July Brent crude fell 37 cents to $63.35 a barrel by 1245 GMT, down from an intraday high of $64.67, while US crude was down 13 cents at $57.90 after touching $58.95 earlier in the session. Oil prices had fallen nearly three per cent on the previous day, pressured by a strong rally in the dollar. A weaker US dollar makes dollar-backed commodities such as crude oil more attractive for holders of other currencies. The dollar was up 0.41 per cent against a basket of currencies, recovering from a fall of 0.33 per cent. “We are hostages a little bit to the swings in the currency markets,” said Ole Hansen, head of commodity strategy at Saxo Bank.
US commercial crude inventories are expected to have fallen by two million barrels last week, a preliminary Reuters survey showed. Declining US stockpiles of crude and oil products in past weeks indicate robust demand in the world’s largest oil consumer, supporting prices. The American Petroleum Institute will release its data on Wednesday at 2030 GMT, delayed by one day because of the US Memorial Day holiday on Monday. The U.S. government's Energy Information Administration will publish its own data at 1500 GMT on Thursday. "If global demand continues to surprise to the upside and diesel somehow manages to hold value, then crude can surge," Energy Aspects analysts said in a note. However, investors have started taking profits on Brent as hedge funds and money managers cut their bets on rising prices for a second straight week. "Further unwinding of these positions would remove a key pillar of support to prices," BMI Research analysts said in a note. Investors also remained wary of ample supply as top OPEC producers Saudi Arabia and Iraq kept exports near record levels. The Organization of the Petroleum Exporting Countries (OPEC) is expected to keep production steady at its meeting on June 5. "I am not so bullish on fundamentals," said one bank trader who declined to be identified because of company policy. "Brent could possibly go down to $60 on profit-taking."
SOURCE: The Business Standard
Led by Professor Xiaoming Tao, researchers at The Hong Kong Polytechnic University have developed a new yarn manufacturing technology that can increase productivity with less energy consumption. The technology has been named Nu-TorqueTM. The technology with acceptable quality and efficiency can spin low-twist yet high-strength singles yarns with low residual torque. Their method can reduce yarn twist by 20-40% compared to the conventional method – being the lowest among all ring spinning methods. To develop the technology, Professor Tao and her colleagues first created a new, unique structure for singles yarns by modifying the existing ring spinning machine. Secondly, the team invented a series of spinning devices for raw yarn materials ranging from coarse to fine counts and cotton to wool fibres. The researchers then developed a new method to accurately control the yarn's residual torque on the ring spinning machine. Their Nu-TorqueTM technology is capable of manufacturing improved yarns with a unique structure while reducing energy consumption by 3.77 million kilowatts per 10,000 tons of yarn.
China is the world's largest yarn manufacturer and owns 120 million spindles, accounting for more than half of the world's supply. Yarns are made by bonding a set of single strands of fibre together by twisting them. The more they are twisted, the stronger the yarn. However, a high-twist yarn increases "residual torque" – unwanted curls that decrease productivity and therefore increase production costs. Professor Tao said that if half of the spindles in China installed a low twist device, 2.5 billion KWh of electricity would be saved. The technology is also environmentally friendly, as no steam, water or chemicals are needed during the spinning process. The team's yarn does not require any finishing process such as singeing, smoothing or flattening, thus saving even more energy. Furthermore, a modification unit, which produces yarns with a unique structure, can be installed on existing ring spinning machines, making it readily available for use. The technology is listed among China's national plan to enhance the core competence of the country's textile industries. Professor Tao said that her team will continuously focus on the improvement of this technology. For example, their technology can be applied to produce finer yarns and a variety of staple materials. Professor Tao’s next plan is to make commercialized products using the technology. A wide variety of products have been developed with unique features and high added-value such as cotton sweaters, T-shirts, jeans, flannel clothing and towels. Currently, Nu-Torque is used by 19 companies including Luthai Textile Co Ltd, a leading manufacturer of yarn-dyed fabrics headquartered in China.
SOURCE: Yarns&Fibers
