Van de Wiele to Acquire Cobble

It has been announced that the Belgian textile equipment manufacturer, Van de Wiele, is buying Cobble from Spencer Wright Industries, as per WRCB TV.

Michel Van de Wiele NV of Marke, Belgium, agreed to acquire the assets of the worldwide Cobble organization from Spencer Wright.

The merger of the textile equipment makers announced at the beginning of June 2013 will unite two of the most historic and famous names in textile manufacturing technology — Van de Wiele and Cobble.

Cobble, formerly owned by the Singer sewing machine company, was bought in 1976 by Spencer Wright who build the textile equipment company into a global maker of Colortec technology and Crabtree weaving machinery.

"The Wright family, shareholders, directors and officers of Spencer Wright Industries Inc. are delighted to honor the wishes of the late Spencer Wright in securing the best possible outcome for the Cobble Group companies and products, thus creating a bright future for its worldwide family of employees under the stewardship of its new owners," the company said in a statement released on May 28, 2013.

Source: WECBtv.com

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

Sri Lanka’s Textile Exports Grow in Q4 of 2012

The exports of textiles and garments from Sri Lanka fetched US$ 364 million in November 2012, showing a year-on-year growth of 4.6 percent, said fibre2fashion.com in today's news.

According to the above source, in spite of the increase in earnings from textiles and clothing exports, Sri Lanka’s export earnings declined by 6.6 percent year-on-year to US$ 827.6 million in November 2012.

During the month, Sri Lanka imported goods worth US$ 1.8 billion, thus narrowing the trade gap to US$ 993 million.

From January to November 2012, Sri Lanka’s total exports fetched US$ 8.9 billion, registering a decline of 6.6 percent year-on-year, while imports were worth US$ 17.5 billion, down 4.5 percent year-on-year.

Source: fibre2fashion.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.