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.
- India has imposed anti-dumping duty on the partially-oriented yarn (POY) imports from China. India, which was faced with excessive imports of POY from China below the normal value, has imposed a duty of US$545.22 per metric tonne. The duty would be levied in the Indian currency and will come into effect from 2 August. FIBER NEWS
- A fire at a textile mill in Pakistan’s Karachi region has resulted in the loss of goods worth millions of rupees. The fire, at the Olympia Textile Mill, spread quickly, it is understood. Workers were rescued and the blaze was controlled after a few hours. THE INTERNATIONAL NEWS
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India has upped its cotton export forecast by 27% to 11.4m bales for the year ended September, following strong demand for buyers beyond China. India’s Textile Commissioner, Kiran Soni Gupta, says countries such as Bangladesh, Turkey, Indonesia and Cambodia are fast lapping up cotton from India to feed their export-focused garment industries. REUTERS
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The Swaziland Government is considering reducing taxes for companies affected by the country’s removal from AGOA. It is hoping to save around 17,000 jobs employed by the textile, apparel and other manufacturing sectors. TIMES OF SWAZILAND
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Around 60 jobs are expected to be lost as part of a deal which has seen Bruck Textiles sold to Australian Textile Mills. Geoff Parker, the former CEO of Bruck said the company had become “squeezed into unprofitability” following major downturns in the market. THE BORDER MAIL
