Bangladesh textile industry is facing hardships

Bangladesh textile industry is in trouble as the price for cotton dropped sharply, thus, leaving the country with a lot of inventory of raw material bought at a higher price.

The problem for Bangladesh comes from the old-time central bank regulations, which bar textile companies from participating in current financial instruments, which could hedge commodity importers from price fluctuations.

For a country like Bangladesh which is the second largest garment exporter in the world, such old-fashioned regulations create a big hurdle, as a tussle between yarn producers and garment manufacturers is imminent. Bangladesh has some 400 spinning mills affiliated with the Bangladesh Textile Mills Association (BTMA).

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Textile Fiber Market in 2013

According to the information from fibre2fashion, the greater purchasing power in the emerging market drove textile fiber consumption in 2013, which resulted in a 4.4% growth compared to 2012.

In 2013, the global textile sector consumed over 90.1 million tons of textile fibers, which corresponds to an average consumption of 12.7 kilos per person.

Export of textile fibers in 2013 from top ten textile fiber exporters also grew by 8.1% over 2012. China and Vietnam were the countries whose textile fibre exports registered a high growth.

Last year, Chinese exports of fibres rose by 11.4% over 2012, while those from Vietnam increased by 18%. The import value into the United States and EU (28) rose 4.1% in 2013 over 2012.

Source: fibre2fashion

Chinese Textile Companies Interested in Setting Up Business in Bulgaria

Bulgaria has always been known for a strong textile industry with a relatively well developed infrastructure. In addition, the Black sea ports (Varna and Burgas) are extremely valuable entrances to imported textile produce to the European Union.

There is no wonder why Asian companies are now ready to set up shop in this country. According to media reports, Chinese companies are also willing to set up textile manufacturing units in Bulgaria.

Businessmen from Shaoxing have inspected various sites in Bulgaria’s Black Sea city of Burgas for the potential construction of a textile factory and a showroom, Fibre2fashion reports.

Burgas mayor Dimiter Nikolov said the city has high potential and it can serve as a big production centre for the Chinese textiles.

With a population of around five million, Shaoxing city located in Zhejiang province of China has a highly developed textiles industry, famous for manufacturing of socks, shawls and neckties.

Chinese textile entrepreneurs are currently exploring other countires for relocation of their manufacturing set up in view of the rising labour and production costs in the country, Fibre2fashion reminds.

Source: www.novinite.com

US Textile Industry in First Industrial Revolution

In his latest book, "The Dawn of Innovation", Charles Morris, an American lawyer and writer, tells about America's first industrial revolution. The textile industry was also touched upon in this book.

Morris says that, first, Britain had a well-developed industry: cotton and textiles. But in Britain, cotton spinning and weaving were entirely separate. In America, Francis Lowell introduced a single flow between the looms and the spinning machines. Previously, you had to load each individual thread on to the loom to weave the cotton, but Lowell invented a machine that did that without human intervention. Even though Americans had stolen most of the British technology, they had more of a mass-production, flow-through concept. This was then applied to everything else.

Republished with changes from this article.

GIA Releases Global Report on Textile Machinery Market

This week Global Industry Analysts, Inc. (GIA) has announced the release of a global report on the World Textile Machinery market.

According to the report the global market for textile machinery is projected to reach close to US$23 billion by 2017. The main drivers for this growth of the textile machinery market include the improving economic environment in this market, increasing demand for non-woven textile products, plus the growing demand in the emerging markets, especially in the Asian region.

This report states clearly that the market is now experiencing a shift from conventional machinery requiring manual labour to more sophisticated machinery. Final ownership costs, flexibility and versatility comprise the determining factors for new equipment purchases. In addition, the market is now facing the emergence of more technologically advanced machines at highly competitive prices owing to the introduction and adoption of new technologies in the industry.

After the toughest decrease in 2008 because of the economic downturn, which had a negative impact throughout the textile industry, the main exporters of textile equipment like Japan, Italy, Germany, China and Switzerland, who saw dramatic decreases in sales, have been reporting on better results ever since 2010. Still, the economic issues in the European Union were not stimulating sales in the internal markets. So the local textile machine manufacturers were and are seeking to export in foreign markets: Turkey, South-east Asia, China.

As stated in the newly released report, the Asian region represents the largest and the fastest growing regional market for textile machinery worldwide. Growth in the market is expected to be driven by the fabric machinery segment. The shift of operations from the US and Europe to the region is attributed as the main cause of the present-day booming market in the region. Still, as mentioned in the report, textile production will not be stopped completely in North America and Europe, where the local companies will stick to lean manufacturing tactics and techniques to stay competitive.

The Textile Machinery Report is available (for a fee) at the GIA site.

Japan is Attracted by Bangladesh’s Heavy Industry Expansion, Including Textile Manufacturing

Mainichi Japan reports that local companies in Bangladesh are aggressively diversifying into heavy machinery industries, offering a new window of opportunity for world and Japanese manufacturers in a promising Asian country (Bangladesh has a population of some 160 million).

Auto, electronics, textile manufacturers from Japan rush into this expanding and growing market with an effort to establish the necessary platform and start grabbing market shares.

The textile sector of the country has been one of the main industries prospering and showing constant growth throughout the last decade.

As Bangladesh has been seeing annual economic growth of around 6 percent in the recent years and its government is seeking development of industrial clusters by setting up special economic zones.

Hoping to beat foreign rivals in establishing a presence in the promising market, a Japanese economic delegation led by the government-backed Japan External Trade Organization, known as JETRO, visited Bangladesh in February. Officials from about 40 Japanese companies including electronics, auto parts and textile manufacturers took part in the program, reflecting Japanese firms' growing interest in the country's cheap labor and economic growth.

Some of the officials who visited the country cited concerns about lagging infrastructure development, but voiced hope for business potentials arising from gaining a foothold before more companies from around the world come into the market.

Source: Mainichi Japan

Techtextil Russia is a Hub of Russian and International Textile Companies

Techtextil Russia, a trade show for technical textiles, nonwovens and protective clothing, organized in Moscow is a unique event for the regional textile industry. It takes place every two years in Moscow in the downtown-based Expocenter. In 2010 the expo had 130 exhibitors from 18 countries. In 2012 the organizers hurried to announce that the expo was all sold out with over 190 companies taking part in the event.

Based on the statistical report from 2010 the expo was visited by close to 3,000 textile industry specialists and professionals.

In 2012 the event, which will open its doors on March 12 - literally a week from now, promises to be an outstanding expo with various activities planned during its 3 expo days.

Located in Russia, an emerging market with a huge potential for growth, Techtextil Russia (organized by the renown Messe Frankfurt) is a great opportunity:

- to establish business contacts with potential clients and partners,
- to analyze the competitors’ activities,
- to estimate the market conditions,
- to confirm the status of strong and stable company,
- to carry out effective advertising campaign for your target audience.

During the expo there will also be a unique exposition High-Tex from Germany, sponsored by the Federal Ministry of Economics and Technology in cooperation with the Association of the German Trade Fair Industry and supported by the Confederation of the German Textile and Fashion Industry. Meetings and seminars from outstanding industry persons will take place within this exposition.

If you are interested to attend the expo in Moscow, Russia, here are some details:

The 2010 results of Techtextil Russia

The 2012 exhibitors of Techtextil Russia
Textile machinery manufacturers will be heavily present at this event.