Textile News

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In Jan-Feb, the US imported $193.529 million worth of home textiles from Turkiye, with man-made fibre products comprising 74.54 per cent. Cotton-based imports were 14.87 per cent and wool/animal hair products were 2.16 per cent. Last year's total imports were $1,099.425 million, predominantly MMF. Floor imports were 80.06 per cent in early 2024.
MMF products dominate US home textile imports from Turkiye
In Jan-Feb, the US imported $193.529 million worth of home textiles from Turkiye, with man-made fibre products comprising 74.54 per cent. Cotton-based imports were 14.87 per cent and wool/animal hair products were 2.16 per cent. Last year's total imports were $1,099.425 million, predominantly MMF. Floor imports were 80.06 per cent in early 2024.
Frederic Neumann, chief Asia economist at HSBC, recently urged Bangladesh to capitalise on the opportunity arising out of the near-record high FDI flowing into Asia. HSBC expects the country’s GDP growth to be 5.9 per cent in the fiscal starting July 1, and 6.3 per cent in the fiscal thereafter, backed by household spending and better purchasing power.
HSBC urges Dhaka to bank on opportunity arising out of FDI into Asia
Frederic Neumann, chief Asia economist at HSBC, recently urged Bangladesh to capitalise on the opportunity arising out of the near-record high FDI flowing into Asia. HSBC expects the country’s GDP growth to be 5.9 per cent in the fiscal starting July 1, and 6.3 per cent in the fiscal thereafter, backed by household spending and better purchasing power.
The US economy will continue to softly expand for the rest of this year, according to the Spring 2024 semi-annual economic forecast by the Institute of Supply Management. Manufacturing is expected to expand this year at 2.1 per cent on an average, slower than projected in December 2023. Manufacturing revenue is projected to rise by 2.1 per cent this year.
US economy to continue to softly expand for rest of 2024: ISM survey
The US economy will continue to softly expand for the rest of this year, according to the Spring 2024 semi-annual economic forecast by the Institute of Supply Management. Manufacturing is expected to expand this year at 2.1 per cent on an average, slower than projected in December 2023. Manufacturing revenue is projected to rise by 2.1 per cent this year.
Dow has completed the new VORATRON Polyurethanes Systems production line in Germany. These high-strength adhesives and thermally conductive composites support vehicle weight reduction and enhance thermal. The site operates on 100 per cent renewable energy, aligning with sustainability goals. Dow aims to meet the growing EV market needs with innovative materials.
Dow to boost EV adhesive production tenfold at Ahlen facility
Dow has completed the new VORATRON Polyurethanes Systems production line in Germany. These high-strength adhesives and thermally conductive composites support vehicle weight reduction and enhance thermal. The site operates on 100 per cent renewable energy, aligning with sustainability goals. Dow aims to meet the growing EV market needs with innovative materials.
Bangladesh has now expanded its pilot employment injury scheme (EIS) to cover commuting accidents, effective from July 1, 2024. The decision, supported by various stakeholders, aligns with ILO Convention No. 121. The scheme, focused on ready-made garments, now addresses two of three vulnerabilities, with plans to include occupational diseases.
Bangladesh garment sector scheme now covers commuting accidents
Bangladesh has now expanded its pilot employment injury scheme (EIS) to cover commuting accidents, effective from July 1, 2024. The decision, supported by various stakeholders, aligns with ILO Convention No. 121. The scheme, focused on ready-made garments, now addresses two of three vulnerabilities, with plans to include occupational diseases.
ICE cotton prices rose on Thursday. Gains were limited by a stronger US dollar index. The July contract settled 58 points higher at 76.24 cents per pound, gaining 161 points over two days. The December contract increased by 66 points to 75.19 cents. Trading volume decreased, and certified stocks saw their largest daily increase in over a month.
ICE cotton prices rise amid crude oil gains & average exports
ICE cotton prices rose on Thursday. Gains were limited by a stronger US dollar index. The July contract settled 58 points higher at 76.24 cents per pound, gaining 161 points over two days. The December contract increased by 66 points to 75.19 cents. Trading volume decreased, and certified stocks saw their largest daily increase in over a month.
US net cotton export sales of Upland for 2023-24 totalled 156,500 RB, down 38 per cent from the previous week, with significant exports to China, Vietnam, Pakistan, Turkiye, and Indonesia. Net sales for 2024-25 were 140,600 RB, mainly to El Salvador, Mexico, Honduras, Bangladesh, and Pakistan. Pima cotton sales for 2023-24 were 3,600 RB.
US cotton exports decline from previous week: USDA
US net cotton export sales of Upland for 2023-24 totalled 156,500 RB, down 38 per cent from the previous week, with significant exports to China, Vietnam, Pakistan, Turkiye, and Indonesia. Net sales for 2024-25 were 140,600 RB, mainly to El Salvador, Mexico, Honduras, Bangladesh, and Pakistan. Pima cotton sales for 2023-24 were 3,600 RB.
The US department of homeland security yesterday added 26 Chinese textile firms to the Uyghur Forced Labour Prevention Act entity list. Starting today, goods from these firms will be restricted from entering the US. The FLETF or Forced Labour Enforcement Task Force found that 21 of these entities source and sell cotton from the XUAR on the wholesale market.
US DHS adds 26 more China-based textile firms to UFLPA entity list
The US department of homeland security yesterday added 26 Chinese textile firms to the Uyghur Forced Labour Prevention Act entity list. Starting today, goods from these firms will be restricted from entering the US. The FLETF or Forced Labour Enforcement Task Force found that 21 of these entities source and sell cotton from the XUAR on the wholesale market.
The Drewry World Container Index (WCI) rose by 11 per cent to $3,511 per 40-foot container this week, a 104 per cent increase from last year. The index is also 147 per cent higher than pre-pandemic rates. Freight rates surged due to disruptions caused by Houthi rebel attacks in the Red Sea, forcing ships to reroute via the Cape of Good Hope.
Drewry Index soars; container freight rates up 11% this week
The Drewry World Container Index (WCI) rose by 11 per cent to $3,511 per 40-foot container this week, a 104 per cent increase from last year. The index is also 147 per cent higher than pre-pandemic rates. Freight rates surged due to disruptions caused by Houthi rebel attacks in the Red Sea, forcing ships to reroute via the Cape of Good Hope.
Dow has initiated a propylene glycol capacity expansion at its facility in Map Ta Phut, Thailand. This expansion, the largest in Asia Pacific, ensures a cost-competitive and reliable supply of key raw materials. President Jane Palmieri emphasises the enhancement of innovation and manufacturing capabilities, reinforcing Dow's position in the industry.
Dow's Thailand facility now Asia's largest propylene glycol producer
Dow has initiated a propylene glycol capacity expansion at its facility in Map Ta Phut, Thailand. This expansion, the largest in Asia Pacific, ensures a cost-competitive and reliable supply of key raw materials. President Jane Palmieri emphasises the enhancement of innovation and manufacturing capabilities, reinforcing Dow's position in the industry.
LyondellBasell establishes a new distribution hub in Hungary for polyolefins. Partnering with logistics expert Maersk, the hub in Budapest ensures optimised distribution. Commercial manager Erik Mezger emphasises improved service and shorter lead times for customers. Maersk's Patrick Hore highlights tailored warehousing solutions for efficient deliveries.
LyondellBasell opens new distribution hub in Hungary
LyondellBasell establishes a new distribution hub in Hungary for polyolefins. Partnering with logistics expert Maersk, the hub in Budapest ensures optimised distribution. Commercial manager Erik Mezger emphasises improved service and shorter lead times for customers. Maersk's Patrick Hore highlights tailored warehousing solutions for efficient deliveries.
The south India cotton yarn trade remained bearish, with stable prices in Mumbai and Tiruppur. Demand was weak due to a cash crunch and labour shortages, leading to reduced fabric production. Voting in Mumbai on May 20 further slowed trading. Gujarat saw steady cotton prices, with sluggish demand but potential increases as the arrival season ends.
South Indian cotton yarn stable; sentiments weak amid cash crunch
The south India cotton yarn trade remained bearish, with stable prices in Mumbai and Tiruppur. Demand was weak due to a cash crunch and labour shortages, leading to reduced fabric production. Voting in Mumbai on May 20 further slowed trading. Gujarat saw steady cotton prices, with sluggish demand but potential increases as the arrival season ends.
The Philippine central bank’s Monetary Board has kept the target reverse repurchase rate at 6.50 per cent. Amid inflationary pressures from transport, food, electricity, and oil prices, inflation is expected to stay near the upper limit. While GDP growth remains steady, a tight monetary policy aims to anchor inflation expectations and counter future risks.
Philippines' central bank keeps interest rates unchanged
The Philippine central bank’s Monetary Board has kept the target reverse repurchase rate at 6.50 per cent. Amid inflationary pressures from transport, food, electricity, and oil prices, inflation is expected to stay near the upper limit. While GDP growth remains steady, a tight monetary policy aims to anchor inflation expectations and counter future risks.
Australian wool auctions saw a rare surge as local prices edged up alongside a 1 per cent strengthening of the Au$ against major trading currencies. Overseas buyers faced higher costs but remained active. Sydney emerged as an outlier with a 5 to 15ac increase in Merino offerings. Cardings stumbled initially, but the market rebounded on the second day.
Australian wool auctions witness surge amidst currency fluctuations
Australian wool auctions saw a rare surge as local prices edged up alongside a 1 per cent strengthening of the Au$ against major trading currencies. Overseas buyers faced higher costs but remained active. Sydney emerged as an outlier with a 5 to 15ac increase in Merino offerings. Cardings stumbled initially, but the market rebounded on the second day.
The size of Bangladesh’s national budget for FY25 will be $68.33 billion, which was recently approved by Prime Minister Sheikh Hasina. The budget’s top priority will be controlling inflation, she reportedly said. She favours discouraging luxury goods imports. Other priorities include rise in FDI, controlling imports and raising revenue collection.
Bangladesh PM Hasina approves $68.33 bn budget for FY25
The size of Bangladesh’s national budget for FY25 will be $68.33 billion, which was recently approved by Prime Minister Sheikh Hasina. The budget’s top priority will be controlling inflation, she reportedly said. She favours discouraging luxury goods imports. Other priorities include rise in FDI, controlling imports and raising revenue collection.
The BJP-led NDA is optimistic about securing a third term for Prime Minister Modi amid ongoing general elections. The Modi 3.0 government plans to launch a Cotton Technology Mission to enhance the sector's quality and productivity and expand the technical textiles industry. The Indian bureaucracy has set 50 key goals for the first 100 days.
Modi 3.0 to focus on India’s cotton production & technical textiles
The BJP-led NDA is optimistic about securing a third term for Prime Minister Modi amid ongoing general elections. The Modi 3.0 government plans to launch a Cotton Technology Mission to enhance the sector's quality and productivity and expand the technical textiles industry. The Indian bureaucracy has set 50 key goals for the first 100 days.
Shin-Etsu Chemical Co., Ltd. is establishing Shin-Etsu Silicone (Pinghu) Co., Ltd. in Zhejiang Province, China. The new plant, located in Pinghu City, will produce various silicone products aiming for completion by February 2026. With an investment of approximately ¥2.1 bn (~$13.65 mn), Shin-Etsu Chemical aims to meet China's evolving silicone market demands.
Shin-Etsu Chemical expands silicone business in China
Shin-Etsu Chemical Co., Ltd. is establishing Shin-Etsu Silicone (Pinghu) Co., Ltd. in Zhejiang Province, China. The new plant, located in Pinghu City, will produce various silicone products aiming for completion by February 2026. With an investment of approximately ¥2.1 bn (~$13.65 mn), Shin-Etsu Chemical aims to meet China's evolving silicone market demands.
ADNOC delivers world's first certified bulk shipment of low-carbon ammonia to Mitsui. The landmark shipment underscores ADNOC's commitment to decarbonisation, supported by a $23 billion investment. ADNOC aims to capture 5 per cent of the global low-carbon hydrogen market by 2030, with plans for large-scale clean hydrogen and ammonia production.
ADNOC delivers world's first low-carbon ammonia to Japan's Mitsui
ADNOC delivers world's first certified bulk shipment of low-carbon ammonia to Mitsui. The landmark shipment underscores ADNOC's commitment to decarbonisation, supported by a $23 billion investment. ADNOC aims to capture 5 per cent of the global low-carbon hydrogen market by 2030, with plans for large-scale clean hydrogen and ammonia production.
"IMPERFaiCTION" trend book previews Autumn-Winter 2025-2026 themes, exploring human-AI dynamics, to be unveiled at Parc des Expositions, Porte de Versailles from July 1 to 3, 2024. Louis Gérin and Grégory Lamaud present four creative themes reflecting AI's influence on fashion, from Confrontation to Annihilation, with distinct colour palettes and textures.
Texworld Apparel Sourcing Paris to explore 'IMPERFaiCTION' trends
"IMPERFaiCTION" trend book previews Autumn-Winter 2025-2026 themes, exploring human-AI dynamics, to be unveiled at Parc des Expositions, Porte de Versailles from July 1 to 3, 2024. Louis Gérin and Grégory Lamaud present four creative themes reflecting AI's influence on fashion, from Confrontation to Annihilation, with distinct colour palettes and textures.
Trützschler Nonwovens will showcase its nonwoven solutions at ANEX 2024 to be held in Taiwan from May 22-24. Attendees can anticipate a look at its CP and WLS lines, in addition to the T-SUPREMA needle-punched line for technical nonwovens. Oliver Döring emphasised event’s significance as a platform to engage with SE Asian customers and industry experts.
Trützschler Nonwovens to participate in ANEX 2024 in Taiwan
Trützschler Nonwovens will showcase its nonwoven solutions at ANEX 2024 to be held in Taiwan from May 22-24. Attendees can anticipate a look at its CP and WLS lines, in addition to the T-SUPREMA needle-punched line for technical nonwovens. Oliver Döring emphasised event’s significance as a platform to engage with SE Asian customers and industry experts.
India's textiles and apparel exports increased by 0.89 per cent to $2.776 billion in April, with textile exports rising by 2.40 per cent but apparel exports falling by 1.03 per cent. Cotton yarn and handloom products increased, while man-made yarn exports declined. Overall, the T&A sector's share in India's total merchandise exports shrank to 7.9 per cent.
India’s textile & apparel exports up 0.89% to $2.7 bn in April
India's textiles and apparel exports increased by 0.89 per cent to $2.776 billion in April, with textile exports rising by 2.40 per cent but apparel exports falling by 1.03 per cent. Cotton yarn and handloom products increased, while man-made yarn exports declined. Overall, the T&A sector's share in India's total merchandise exports shrank to 7.9 per cent.
North India's cotton yarn prices remained steady despite slow demand due to export commitments and anticipated price increases towards the end of the arrival season. Market uncertainty from upcoming elections also influenced the bearish sentiment. In Panipat, recycled yarn and raw material prices were stable with no signs of increased buying in home textile.
Cotton yarn prices stable in north India amid low demand
North India's cotton yarn prices remained steady despite slow demand due to export commitments and anticipated price increases towards the end of the arrival season. Market uncertainty from upcoming elections also influenced the bearish sentiment. In Panipat, recycled yarn and raw material prices were stable with no signs of increased buying in home textile.
During a webinar organised by CITI, industry leaders discussed the benefits of TEPA between India and EFTA, highlighting the agreement’s potential to enhance Indo-Swiss textile and apparel trade. Key points included Swiss expertise in sustainability and digital supply chain transformation, duty-free access to EFTA markets, and Swiss investment in India.
India-EFTA TEPA win-win for both sides: Industry
During a webinar organised by CITI, industry leaders discussed the benefits of TEPA between India and EFTA, highlighting the agreement’s potential to enhance Indo-Swiss textile and apparel trade. Key points included Swiss expertise in sustainability and digital supply chain transformation, duty-free access to EFTA markets, and Swiss investment in India.
Coats Digital's FastReactPlan has significantly enhanced the efficiency of High Fashion/Dali China Limited, a leading Chinese fashion manufacturer. By implementing FastReactPlan, High Fashion has reduced order confirmation time by 50 per cent, improved capacity planning by 10 per cent, and boosted production line efficiency by 5-10 per cent.
China’s High Fashion adopts Coats Digital’s FastReactPlan
Coats Digital's FastReactPlan has significantly enhanced the efficiency of High Fashion/Dali China Limited, a leading Chinese fashion manufacturer. By implementing FastReactPlan, High Fashion has reduced order confirmation time by 50 per cent, improved capacity planning by 10 per cent, and boosted production line efficiency by 5-10 per cent.
British International Investment (BII) pledges $50 million to BRAC Bank in Bangladesh to bolster MSMEs and women-led businesses. This initiative aims to address financing challenges, with half of the loan allocated to MSMEs and the rest to women entrepreneurs. BRAC Bank will leverage the funding to expand its lending portfolio and stimulate economic growth.
BII commits $50 mn to BRAC Bank to support MSMEs in Bangladesh
British International Investment (BII) pledges $50 million to BRAC Bank in Bangladesh to bolster MSMEs and women-led businesses. This initiative aims to address financing challenges, with half of the loan allocated to MSMEs and the rest to women entrepreneurs. BRAC Bank will leverage the funding to expand its lending portfolio and stimulate economic growth.
Kuraray to acquire Sprint Environmental Services' industrial reactivated carbon business via Calgon Carbon Corporation. The acquisition aims to bolster Kuraray's presence in the US industrial reactivated carbon market. Kuraray seeks to expand reactivated carbon facilities for industrial and drinking water applications amid growing demand.
Kuraray's Calgon Carbon to acquire Sprint's US carbon business
Kuraray to acquire Sprint Environmental Services' industrial reactivated carbon business via Calgon Carbon Corporation. The acquisition aims to bolster Kuraray's presence in the US industrial reactivated carbon market. Kuraray seeks to expand reactivated carbon facilities for industrial and drinking water applications amid growing demand.
At the ITM 2024 exhibition in Istanbul, Picanol will debut its Ultimax rapier weaving machine. These innovations are driven by design principles including Smart Performance and Sustainability Inside. Picanol emphasises its commitment to the Turkish market and aims to attract global partners, showcasing machines for denim, voile, terry, and double-face weaving.
Picanol to debut Ultimax rapier weaving machine in Türkiye at ITM 2024
At the ITM 2024 exhibition in Istanbul, Picanol will debut its Ultimax rapier weaving machine. These innovations are driven by design principles including Smart Performance and Sustainability Inside. Picanol emphasises its commitment to the Turkish market and aims to attract global partners, showcasing machines for denim, voile, terry, and double-face weaving.
Polyester-cotton and polyester-viscose yarn prices have decreased by ₹1-2 per kg in most Indian markets due to slow demand from the downstream industry today. Power looms are reducing production, and market sentiment is affected by declining cotton prices. In Surat and Ludhiana, yarn prices have dropped, while Mumbai's market remains steady.
PC, polyester & viscose yarn prices ease due to poor demand in India
Polyester-cotton and polyester-viscose yarn prices have decreased by ₹1-2 per kg in most Indian markets due to slow demand from the downstream industry today. Power looms are reducing production, and market sentiment is affected by declining cotton prices. In Surat and Ludhiana, yarn prices have dropped, while Mumbai's market remains steady.
Italian textile machinery manufacturers will showcase innovative technologies at ITM 2024. The ITA’s participation in the exhibition highlights the importance of Turkey as a key market for Italian exports. The Italian Pavilion at ITM 2024 will allow companies to demonstrate the versatility of 'Made in Italy' technology and engage with global customers directly.
ITA to bring Italian textile ınnovations to ITM 2024
Italian textile machinery manufacturers will showcase innovative technologies at ITM 2024. The ITA’s participation in the exhibition highlights the importance of Turkey as a key market for Italian exports. The Italian Pavilion at ITM 2024 will allow companies to demonstrate the versatility of 'Made in Italy' technology and engage with global customers directly.
The 63rd Dornbirn Global Fiber Congress and 4th Innovation Days, focused on fiber, sustainability, and energy tech, will run from September 11 to 13. Event highlights include expert presentations, innovation showcases, and networking opportunities. Plenary lectures by Verbund AG and EU Commission members will explore the future of energy.
63rd Dornbirn Global Fiber Congress to focus on fibre, energy tech
The 63rd Dornbirn Global Fiber Congress and 4th Innovation Days, focused on fiber, sustainability, and energy tech, will run from September 11 to 13. Event highlights include expert presentations, innovation showcases, and networking opportunities. Plenary lectures by Verbund AG and EU Commission members will explore the future of energy.
Cabot Corporation, a leader in sustainable solutions, unveils REPLASBLAK circular black masterbatches, ISCC PLUS certified. These innovative products, powered by EVOLVE Sustainable Solutions, mark a significant step towards a greener future for automotive plastics. Leveraging recycled materials, they support a circular economy and reduce greenhouse gas emissions.
US firm Cabot launches certified sustainable black masterbatches
Cabot Corporation, a leader in sustainable solutions, unveils REPLASBLAK circular black masterbatches, ISCC PLUS certified. These innovative products, powered by EVOLVE Sustainable Solutions, mark a significant step towards a greener future for automotive plastics. Leveraging recycled materials, they support a circular economy and reduce greenhouse gas emissions.
The Conference Board leading economic index for the euro area fell by 0.7 per cent in April to 98.5, following a downwardly-revised 0.5-per cent drop in March. The index fell for the 26th consecutive month in April. The US think tank’s coincident economic index for the zone remained flat in April at 108.5, after a slight increase of 0.2 per cent in March.
Euro area LEI falls in April by 0.7% to 98.5: The Conference Board
The Conference Board leading economic index for the euro area fell by 0.7 per cent in April to 98.5, following a downwardly-revised 0.5-per cent drop in March. The index fell for the 26th consecutive month in April. The US think tank’s coincident economic index for the zone remained flat in April at 108.5, after a slight increase of 0.2 per cent in March.
The business climate in Germany's chemical industry improved in April, with the index rising to minus 6 points from minus 10.1 in March. Current business situation assessments improved to minus 16 points from minus 18, and business expectations rose to 4.6 points. Despite increased order shortages, companies are optimistic about future foreign orders.
Germany’s chemical industry sees improved business climate in April
The business climate in Germany's chemical industry improved in April, with the index rising to minus 6 points from minus 10.1 in March. Current business situation assessments improved to minus 16 points from minus 18, and business expectations rose to 4.6 points. Despite increased order shortages, companies are optimistic about future foreign orders.
Songwon Industrial joins The Antwerp Declaration, uniting with 1000 industry leaders in Europe to bolster competitiveness and sustainability. Their commitment includes advocating for clear policies and fostering innovation towards climate neutrality by 2050. Songwon aims for net zero emissions by 2050 through a comprehensive carbon reduction roadmap.
Songwon signs The Antwerp Declaration for sustainability
Songwon Industrial joins The Antwerp Declaration, uniting with 1000 industry leaders in Europe to bolster competitiveness and sustainability. Their commitment includes advocating for clear policies and fostering innovation towards climate neutrality by 2050. Songwon aims for net zero emissions by 2050 through a comprehensive carbon reduction roadmap.
In April, India's annual inflation rate based on the WPI was 1.26 per cent, up from 0.53 per cent in March 2024, driven by higher prices of food, electricity, crude oil, natural gas, and manufactured goods. The WPI for all commodities rose to 153.0. Notably, the index for manufactured products rose to 140.8, textiles to 135.5, and wearing apparel to 153.0.
India's WPI inflation rises to 1.26% in April 2024
In April, India's annual inflation rate based on the WPI was 1.26 per cent, up from 0.53 per cent in March 2024, driven by higher prices of food, electricity, crude oil, natural gas, and manufactured goods. The WPI for all commodities rose to 153.0. Notably, the index for manufactured products rose to 140.8, textiles to 135.5, and wearing apparel to 153.0.
Effective measures to improve energy efficiency instead of importing more LNG to meet escalating domestic demand could save Bangladesh $460 million a year and help wean off the expensive import dependence. The Institute for Energy Economics and Financial Analysis (IEEFA), a global thinktank focusing on energy market issues, said this in a recent report.
Energy efficiency key to $460mn cut in Bangladesh’s LNG bill: IEEFA
Effective measures to improve energy efficiency instead of importing more LNG to meet escalating domestic demand could save Bangladesh $460 million a year and help wean off the expensive import dependence. The Institute for Energy Economics and Financial Analysis (IEEFA), a global thinktank focusing on energy market issues, said this in a recent report.
LANXESS to debut its aroma chemicals at SIMPPAR, showcasing high-purity benzyl benzoate. Their benzyl benzoate grades cater to various industries, with an emphasis on fixative properties and odour profiles. The new Ultrapure grade offers enhanced olfactory performance and sustainability, including a Scopeblue variant with reduced carbon footprint.
LANXESS to unveil aroma chemicals portfolio at SIMPPAR, France
LANXESS to debut its aroma chemicals at SIMPPAR, showcasing high-purity benzyl benzoate. Their benzyl benzoate grades cater to various industries, with an emphasis on fixative properties and odour profiles. The new Ultrapure grade offers enhanced olfactory performance and sustainability, including a Scopeblue variant with reduced carbon footprint.
As India undergoes its largest-ever elections, the Confederation of Indian Textile Industry (CITI) aims for a thriving textile sector by 2047. Chairman Rakesh Mehra highlighted the need for innovation, sustainability, and collaboration amid recent challenges. CITI supports export facilitation measures, trade agreements, and key schemes to boost the industry.
CITI advocates for transformative change in Indian textile industry
As India undergoes its largest-ever elections, the Confederation of Indian Textile Industry (CITI) aims for a thriving textile sector by 2047. Chairman Rakesh Mehra highlighted the need for innovation, sustainability, and collaboration amid recent challenges. CITI supports export facilitation measures, trade agreements, and key schemes to boost the industry.
Birla Carbon's Indian plants in Renukoot, Gummidipoondi, and Patalganga achieve ISCC PLUS Certification, marking a sustainability milestone. The certification reflects the company's commitment to sustainable manufacturing and environmental responsibility. President John Loudermilk emphasises Birla Carbon's dedication to setting industry benchmarks globally.
Birla Carbon's Indian plants secure ISCC PLUS certification
Birla Carbon's Indian plants in Renukoot, Gummidipoondi, and Patalganga achieve ISCC PLUS Certification, marking a sustainability milestone. The certification reflects the company's commitment to sustainable manufacturing and environmental responsibility. President John Loudermilk emphasises Birla Carbon's dedication to setting industry benchmarks globally.
The global cotton market saw a notable decline in prices over the past month. The July NY/ICE futures contract dropped from 93 to 77 cents per pound. The A Index decreased from 93 to 86 cents per pound, while the Chinese Cotton Index dropped from 108 to 105 cents per pound. Indian spot prices for Shankar-6 cotton fell from 93 to 88 cents per pound.
Global cotton market witnesses steep decline in benchmark prices
The global cotton market saw a notable decline in prices over the past month. The July NY/ICE futures contract dropped from 93 to 77 cents per pound. The A Index decreased from 93 to 86 cents per pound, while the Chinese Cotton Index dropped from 108 to 105 cents per pound. Indian spot prices for Shankar-6 cotton fell from 93 to 88 cents per pound.