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Teejay (Sri Lanka) ends Q3 with surge in revenue

Sri Lanka’s leading textile manufacturer Teejay, formerly known as Textured Jersey Lanka, has announced regional growth plans aimed at underpinning its future growth as the company achieved strong revenue growth of 33 per cent over the nine months ended on 31st December 2016. Sriyan de Silva Wijeyeratne, CEO of Teejay said, “We are already investing further in automation and technology and preparing to embrace the future dynamics and trends in the textile industry, especially with […]

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Bernauer Group invests in Brückner stenter technology

Germany-based Textilwerke Todtnau Bernauer KG, a leading manufacturer and supplier of innovative and high quality fabrics, has invested in a state-of-the-art Brückner stenter. The investment is being made to increase the dimensional stability of the company’s product, BERATEX® fabric, for which a heat-setting process is indispensable. The fabric manufacturer aims at further control and optimization of the product to integrate the final finishing of the fabric with the help of Brückner stenter. Brückner stenter ensures […]

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T.J. Maxx likely to open its first ever Australian store

T.J. Maxx, one of the largest clothing retailers in the United States, has reportedly decided to open its first store in Australian city of Melbourne. However, an official announcement regarding the same is yet to be made by the company, which currently manages more than 1,000 stores across the US along with its online operations. The company is a part of TJX Companies and offers men’s, women’s and children’s apparels. The retailer is believed to […]

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Eton to strengthen its services in USA

Eton Systems, a global supplier of customized material handling solutions, will expand its business and strengthen its presence in America in 2017, which it believes going to be the ‘year of development’. During the last few years, the company has represented itself in North America through independent sales agents. As from the first quarter of the current fiscal, Eton will handle all sales-related activities through its headquarter in the US in order to increase the […]

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Honduras plans to increase its exports to US

Honduras, the Central American country, is aiming to become one of the top textile and apparel exporters to the USA by 2020. Total export value of Honduras’ textile products is expected to grow by 10 per cent in 2017. Honduras’ textile and apparel industry has been transformed in recent years with significant investment in new mills and equipment both from overseas and domestic sources. The majority of the country’s textile and apparel production is destined […]

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High energy cost, a major concern for textile industry of Greece

High energy cost was the topic of a meeting between the Presidency of Association of Greek Textile Industries (SEVK) and George Stathakis, Environment & Energy Minister, Greece. The rising energy cost is hitting the competitiveness of Greek enterprises from the textile industry that burdens productive activity and undermines development of the sector. The Association presented a series of proposals, such as harmonizing high-voltage and low-voltage charges, adopting new directives on state support in energy and […]

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Fashion brands consider price-cut to woo Indian consumers

In a bid to improve market share in India and attract price-conscious Indian consumers, international fashion brands such as GAP and Zara are reducing prices of their products. GAP, one of the world’s most iconic apparels and accessories labels, is considering measures for price strategy and is in talks with its India franchisee Arvind Lifestyle Brands to produce 30-40 per cent GAP merchandise in India to be sold here. It is planning to reduce prices […]

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Andhra Pradesh (India) to get 12 new apparel units

South Indian state of Andhra Pradesh is set to get 12 new apparel units which would attract an investment of Rs. 963 crores and create 46,000 jobs in the state. This was announced by K Srikanth Prabhakar, Joint Director in the office of the Commissioner of Handlooms and Textiles. “These projects will come up in the next one to one-and-a-half years. Four of the units will come up in the Brandix apparel park here, five […]

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Woodland inks deal with Aokang for China market

With an aim to expand its global reach, outdoor adventure brand Woodland has done an agreement with Chinese leading leather shoes brand enterprises Aokang International. The deal will pave the way for Woodland to sell products in about 5,000 retail outlets of Aokang in China. Starting May this year, the Woodland stocks will be available at 150 outlets in China in the first phase. Woodland products are already available at about 1,000 stores globally, including […]

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Sears initiates strategic restructuring programme

American holding company Sears is initiating a strategic restructuring programme of its operations targeting at least US $ 1 billion in cost savings on annualized basis, as well as improving operating performance. The cost saving includes the previously announced closure of 108 Kmart and 42 Sears stores. Under the latest plan, the company intends to simplify its organizational structure, including greater consolidation of the Sears and Kmart corporate and support functions, as well as improve accountability for profitability […]

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Japanese home retailer Nitori likely to venture into apparels

Japanese furniture and home accessories retailer Nitori Holdings Co. is mulling over venturing into apparels sector. The home furnishing retailer is planning to buy an apparel company with 100 to 200 stores as its cash from operations has been increasing by as much as ¥ 30 billion a year. This was revealed by Nitori’s Chief Executive Officer Akio Nitori. The retailer is yet to take final decision on the issue. According to media reports, steady […]

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Welspun India to promote Egyptian cotton products globally

An agreement has been signed between Welspun India Ltd., part of US $ 2.3 billion Welspun Group, one of the world’s largest home textiles manufacturers of India, and Cotton Egypt Association (CEA) for promotion and marketing of Egyptian cotton products worldwide, said a release issued by the Welspun. “Under the agreement, the two organizations will work together to create programmes for promotion of Egyptian Cotton logo in the retail markets across the globe. The agreement […]

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Euratex President unveils his ambitions for EU T&C sector

The newly appointed President of Euratex, Klaus Huneke, believes that working in coherence and as a team with the entire membership along the strategic priorities, namely trade, innovation and sustainability, would bring better results for the textile and apparel industry. Sharing his ambition, Huneke said, “The textile and apparel industry needs more and better Europe to maintain its competitiveness ahead of the world competitors. It will be our task to make clear to EU policymakers […]

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Home Furnishing will be 70 per cent of Group Revenue by 2018 for Trident

Celebrating 25 years of its journey, Trident Group from Ludhiana has risen to become the world’s largest manufacturer of terry towels. Not many textile companies can claim to be world leaders, but this US $ 1 billion Indian business conglomerate, whose almost 46 per cent share is coming from home textiles business, is looking to increase the share to 70 per cent by 2018. Confident of the future, Rajinder Gupta, Chairman of the group shared […]

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Solstice achieves 30% efficiency boost via innovative training programme

Solstice, a Dhaka-based apparel export house, has proposed the framework of training programme derived from the “Design Thinking” ideology aimed at de-stressing workers on the shopfloor to enhance efficiency. The apparel manufacturer advocates the sequence of observation, imitation and repetition where they teach their operators to start slow, observe and imitate the process and handling methodology, slowly and repeatedly. “With accurate imitation and repetition, operators will be able to achieve excellence, as the thickening of […]

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