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Govt bans cotton seed exports, prices plunge.

By   /  June 21, 2012  /  Cotton News  /  No Comments

The Ministry of Industry and Trade has with immediate effect banned the exportation of cotton seed. The ban however does not affect the exportation of cotton lint. Minister of Trade and Industry John Bande said the ban has been imposed due to a great demand of the seeds locally. “The cotton seeds are on high […]

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Lear Completes Acquisition of Guilford Mills.

By   /  June 21, 2012  /  Fabric, Technical Textiles / Nonwovens  /  No Comments

Lear Corporation , a leading global supplier of automotive seating and electrical power management systems, has completed the acquisition of Guilford Mills, a global leader in automotive and specialty fabrics.  The purchase price was $257 million. “The acquisition of Guilford is consistent with our strategy to strengthen and grow our core businesses by expanding our […]

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Oerlikon Neumag enhances nonwoven product performance with innovated spunbond technology.

By   /  June 21, 2012  /  Technical Textiles / Nonwovens  /  No Comments

At this year’s Anex from 13 – 15 June in Seoul, Korea, Oerlikon Neumag exhibits its nonwoven technology portfolio with a special focus on enhanced product performance with an innovated spunbond technology at booth L24 in hall 10. In addition to the supply of standalone equipment for spunbond, meltblown and airlaid production, Oerlikon Neumag focuses […]

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Exxon plans US ethylene plant to make use of cheap gas.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

Exxon Mobil Corp. (XOM), the largest U.S. oil company, plans to build factories that produce ethylene and plastics in Texas, joining a growing group of competitors racing to use U.S. natural gas to make chemicals. A new plant at the company’s site in Baytown would produce 1.5 million metric tons of ethylene annually starting in […]

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Asia benzene may soften further on weak crude, naphtha values.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

Benzene prices in Asia may decline further in the near term driven by the current downtrend seen in upstream crude and naphtha futures, traders and producers said on Friday. Benzene prices may slip below the psychological $1,000/tonne (€810/tonne) FOB (free on board) Korea mark in the near term, if crude and naphtha futures continue to […]

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Ethylene hits seven-month low in U.S. during May.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

U.S. prices for the chemical building block ethylene reached a seven-month low in May, dropping below 50 cents per pound, according to PetroChem Wire, a daily newsletter serving the petrochemical industry. Reduced ethylene production due to plant maintenance closures supported the ethylene market earlier in the second quarter. Ethylene peaked at just over 75 cents […]

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Chinese wool production a (sand) blast.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

AUSTRALIAN woolgrowers were given an insight into the sand-blasted Chinese wool industry in a briefing in Nanjing. The Australian growers – who are on the 2012 Wool Awareness Tour to China – heard from growers Jiao Cheng and Chun Xiang who explained the challenges of growing wool in high winds and sub-zero temperatures across northern […]

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Cotton sowing may fall 10%.

By   /  June 21, 2012  /  Cotton News  /  No Comments

The area under cotton cultivation in the country is likely to fall 10 per cent this year, said a senior Cotton Corporation of India official. An inconsistent export policy, delay in announcing the minimum support price (MSP), dry and extreme hot weather conditions in the north and high labour costs are expected to result in […]

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Faisalabad power cut protests shuts down city.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

Businesses and shops remained closed June 2 for a second consecutive day in Faisalabad, the country’s textile-manufacturing hub, to protest the long spells of power cuts, media reported. A protest procession marched from FC Chowk to the Press Club, Jang reported. In Jhang city, protesters blocked the main highway, Gojra Road, to agitate the long […]

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Steps to aid debt-ridden textile sector.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

As a part of relief package to debt ridden textile industry, the government has decided to enhance subsidy under Technology Upgradation Fund Scheme (TUFS) to Rs 1,000 crore over the next five years, Commerce & Textiles Minister Anand Sharma has said. “We plan to increase the subsidy component of TUFS to Rs 1,000 crore over […]

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