The following is a round-up of apparel and footwear news from the world’s local media.
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The Textile India 2017 fair will take place in Ho Chi Minh City from 30 June to 2 July, offering a chance for Vietnamese textile and garment firms to study the potential of India’s textile industry and technical requirements in the high value chain, thus seeking more markets for Vietnamese textile products. The fair is also expected to help boost market links, making it easier for Vietnamese textile and garment businesses to make inroads into India’s retail market. BERNAMA
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South Korea’s leading chemical and textile company Hyosung Corp. is expected to up investment in Vietnam after its operation in the Southeast Asian country delivered the most impressive earnings among its subsidiaries last year. Hyosung is reported to plan to ramp up its annual spandex production capacity in Vietnam to 80,000 tons from current 50,000 tons, a move that will make the plant to become its largest spandex manufacturing production base, and gradually increase the tire cord production capacity from current 100,000 tons per year. PULSE NEWS
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India’s Finance Ministry has extended by one year the validity of existing anti-dumping duty on Partially Oriented Yarn (POY) imports from China. The anti-dumping duty of $542.22 per tonne—imposed on May 2, 2012—was valid till May 2 this year and now would be applicable till May 1 next year. THE HINDU BUSINESS LINE
just-style has not checked these stories so cannot guarantee their accuracy.
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