Global news roundup
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
- Vietnam's garment and textile exports have increased 25-30% a year in recent years, to reach US$15.6m. More opportunities for the sector are expected because of free trade agreements between Vietnam and other countries, including Japan. In the first six months of this year, Vietnam shipped $882m worth of garments and textiles to Japan, a 23.8% increase compared to the same period last year, accounting for 13% of the industry's total export turnover. VIETNAM PLUS
- Grasim Industries, a flagship unit of India's Aditya Birla Group, is planning to set up a US$500m production plant in Turkey. The facility is expected to produce 180,000 tonnes of viscose staple fibre (VSF) per annum. The raw material is used to make apparel and home textiles. The five-year project will also include a power plant and sulphuric acid facility, split into two phases. THE HINDU
- Bangladesh's exports grew 5.9% during the financial year ending June to US$24.3bn, falling short of the government's target. This is because of reduced demand for garments from Western markets, including Europe and the US. The total fell nearly 8.4% short of the $26.5bn target, according to the country's Export Promotion Bureau. For the next fiscal year, the government expects exports to reach $28m. REUTERS
- As cotton prices continue to increase, India's cotton output is forecast to fall short of estimates next season because of weak monsoons in the Maharastra, Gujarat and Andhra Pradesh cotton belts. Cotton for the coming season may be delayed by at least a month, according to the Cotton Advisory Board. Cotton prices soared to INR38,200 (US$687.4) a candy (355.54g) for Shankar-6 variety, which is one of the most used in the garment sector, up INR6,000 a candy. THE HINDU
- Marks & Spencer to extend mobile phone monitoring
- China tightens on corporate social responsibility
- Outdoor industry's future must be more inclusive
- Factoring: a lifeline for apparel suppliers?
- Who has signed the Bangladesh safety accord?
- Adidas "Reebok sale" would be admittance of defeat
- Cambodia clothing factory collapse injures eight
- H&M and The North Face commit to responsible down
- Bangladesh taps factory inspectors ahead of review
- Coats to open new zip factory in Bangladesh
- Ethiopia – the emerging textile and clothing industry
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Global market review of denim and jeanswear – forecasts to 2020
- Wool in the 21st Century: new prospects for a familiar fibre
- Prospects for the Textile and Clothing Industry in Vietnam