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Archive for June, 2008

Jun 27 2008

Introduction on www.Buy-shoes-china.com

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Jun 27 2008

Reliance Retail launches Reliance Super in Ahmedabad

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Reliance Retail Ltd announces the launch of its sixth Reliance Super the Minimart format of Reliance Retail in Gujarat.  

After the successful launch of Reliance Super in different parts of the country, this new Reliance Super, is located at Opp. Neptune House, Mithakhali six roads, Ahmedabad 

Spread across 15000 sq.ft square feet of shopping area, Reliance Super will provide the shoppers a never before experienced shopping delight.  

The Mini mart will carry a range of over 13000 products catering to the entire family. Shoppers will have the option to choose from a wide array of products in every category ranging from Fresh Produce, Food & Grocery, Home Care Products, Apparel and Accessories, Non-food FMCG products, Home appliances and Automotive Accessories, Lifestyle Product, Footwear and much more.  

As part of the Lifestyle section Reliance Super has a range of Books and Music, Gifts and Toys, Cosmetic and Fragrance. Reliance Super will also house, wellness products. 

Reliance Super also boasts of a host of Reliance’s own apparel brands in select categories with superior quality and affordable prices wear. Jeans @ Rs 199 will be sold at the store. There are many more products that will be exclusively available in Reliance Super stores only.  

Reliance Super has 7 check out counters and 1 express check out counter. This is aimed at reducing the customer wait time.  

The store planning, atmospherics and layout has been designed specifically to provide “a complete solution” to the customer. 

Reliance Super will remain open from 10:00 a.m. to 10:00 p.m seven days a week. The store has over 86 highly skilled and trained customer sales representatives. 

Along with the launch of the stores, Reliance is offering its Membership & Loyalty program, “RelianceOne”, designed to deliver customized benefits to frequent shoppers.  

Under this scheme, customers can earn 1 RelianceOne Point for every Rs. 100 spent in the store which can be redeemed after accumulation. RelianceOne already has a membership of more than 3.5 million customers. 

Commenting on the launch of this new format, Mr Raghu Pillai, President and CEO ? Operations and Strategy, Reliance Retail said “The launch of Reliance Super is yet another step by Reliance Retail towards providing an international shopping experience to all our customers at unmatched affordability, guaranteed quality and choice of products and services.  

Reliance Super marks the achievement of another milestone in our effort to unleash a retail revolution in India”. 

Reliance Super, truly promises to give its customers a wonderful and comfortable shopping experience.

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Jun 27 2008

Wool market closes on firm note

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The Australian wool market finished 0.3% higher, on average, at one day sales on Wednesday in Sydney and Melbourne this week

The AWEX EMI rose by 3¢ (+0.3%), ending the week at 873¢/kg. This reflected rises of 1¢ (+0.1%) in the North and 4¢ (+0.5%) in the South, with their corresponding Regional Indicators finishing the week at 912¢ and 840¢ clean, respectively. The Western Indicator remained unchanged at 847¢, as there was no sale in Fremantle this week.

19,646 bales were on offer in the smallest sale of the season, compared with 30,392 bales last week (when all three regions sold), of which 7.3% were passed in, comprised of 6.5% in Sydney and 7.9% in Melbourne. Pass-in rates for Merino fleece and skirtings were 8.8% and 3.7%, respectively. 987 bales (4.8%) were withdrawn prior to sale and re-offered bales made up 16.0% of this week’s offering.

The US exchange rate (source RBA) was 0.15¢ higher on Monday when compared with Thursday of last week. It was then up by a further 0.33¢ on Tuesday and down by 0.12¢ on Wednesday to close at 94.15¢, up 0.36¢ (+0.4%) since the last sale. The exchange rate against the Euro rose by 0.21 Euro cents (+0.3%) to close at 60.84 Euro cents on Wednesday night. When looked at in other currencies, the AWEX EMI moved up by 6¢ (+0.7%) in US terms and by 4¢ (+0.8%) in Euro terms when compared with the previous sale.

The market firmed on the stronger note of last week with increases across all types and across a number of micron ranges. Competition for the better lots (including some Spinners types in the South) was again strong, with the typical less support for the low yielding and poorer type wools.

Micron Price Guides (MPGs) for 16.5, 17.0 and 17.5 microns were only quoted in the South where they rose by 2¢, 4¢ and 6¢, respectively. #p##e#

For other wools at the fine end, their average MPGs were down by 5¢ for 18.0 microns, by 4¢ for 18.5 microns, by 6¢ for 19.0 microns and by 2¢ for 19.5 microns. There was a North/South difference in the 19.5 micron range with the Indicator falling by 8¢ in the North and rising by 4¢ in the South. The 20.0 micron wool average MPG was up by 2¢ clean, 21.0 microns by 5¢, 22.0 microns by 3¢, 23.0 microns by 3¢, and 24.0 microns by 6¢.

Skirtings were in very strong demand, as reflected in the low pass-in rate of 3.7%. Oddments were also in good demand, with average Merino Cardings MPG rising by 3¢. Crossbred MPGs were up by around 3¢ on average apart from the 28 micron wool in the South where the MPG came back by 14¢.

Once again, the majority of the wool was bought by buyers for China, with strong support from buyers for India.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 40,247 bales are currently rostered for sale. Present estimates for the following two sales prior to the break vary from 37,585 to 46,695 bales, a decrease of 1.1% over the three sale period when compared with last year.

South African sales are in recess until 20 August.

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Jun 27 2008

Reliance to invest $215 mn for Kinston polyester facility

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Governors Mike Easley recently announced that Reliance Industries USA Inc plans to open its first North American manufacturing facility near Kinston. The company will create 204 jobs during the next five years and invest $215 million in a plant to manufacture a resin used in the production of plastic containers and specialty polyester yarns. A N.C. Job Development Investment Grant helped make the project possible.

“Today’s announcement is just one more signal that eastern North Carolina is ripe for growth and open for business,” said Easley. “We are turning the corner and now is the time to be even more aggressive.”

Reliance Industries USA plans to lease part of the Lenoir County DuPont facility formerly operated by Unifi. The new tenant plans to manufacture polyethylene terephthalate resin and specialty polyester yarns. The resin is a polymer that is commonly used to make containers for carbonated soft drinks, mineral waters, juices and packaged foods. While wages for the new workers will vary according to job responsibilities and title, the average annual wage will be $46,500, not including benefits. That is more than the Lenoir County yearly average of $27,040.

“Reliance chose Lenoir County over other locations because of the availability of an existing, adaptable facility, the area’s long history in the polyester industry, the available skilled workforce and training capabilities, proximity to customers, and state and local incentives which will help offset the high cost of establishing a major manufacturing facility,” said company President Thakur Sharma.

Other partners that assisted with this announcement include: the N.C. Department of Commerce; Lenoir County; N.C. Community College System; N.C. Department of Transportation; North Carolina’s Eastern Region; Progress Energy and CSX Corp. #p##e#

The state’s Economic Investment Committee voted unanimously today to award a JDIG to the company to facilitate this project. This is the 78th JDIG award announced since Easley and the General Assembly started the program in 2002 and the eighth awarded this year. Under terms of the nine-year agreement, the N.C. Department of Commerce estimates the project will:

Generate a cumulative gross product value of about $1.64 billion

Produce a positive, cumulative net state revenue impact of $53.38 million.

For each year that the company meets the required performance targets, the state will provide a grant equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs. Should the company create the jobs called for under the agreement and sustain them for nine years, the agreement could yield as much as $2.22 million in maximum benefits for Reliance Industries USA.

Job Development Investment Grants are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in North Carolina without the grant. Since the first grant was awarded in 2003, the program has been responsible for creating more than 28,000 jobs and $4 billion in investment in North Carolina. More than half of the grants to date have been awarded to help existing North Carolina business operations expand.

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Jun 27 2008

Monforts reassurance for Indian yarn spinner Vardhman

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India’s Vardhman Group has recently erected a new processing plant at Budhni in Madhya Pradesh, as part of an ambitious expansion plan encompassing every aspect of its textile manufacturing.

By the middle of 2008, this will give the group a spinning capacity of over 800,000 spindles, approaching 900 weaving machines and the ability to dye and finish around 85-90 million metres of fabric annually.

India’s largest yarn processor, Vardhman is headquartered in Ludhiana in the north of the country, and has annual sales of over US$500 million.

Its new plant at Budhni is comprehensively equipped with machinery from Germany’s Monforts, supplied through local representative ATE and including two Thermex continuous dyeing ranges with Econtrol, two Montex stenters and Monfortex sanforizing units and a MXL moist crosslinking unit, all processing fabrics in 2 m widths.

“Monforts keep on making improvements to their machines, which is what we look for from a supplier,” said company chairman Mr SP Oswal. “These allow us to continuously monitor the efficiency of our processing, in order to both improve costs and enhance the quality of our fabrics.”

The latest Monforts Thermex continuous dyeing ranges are characterised by outstanding cost-effectiveness when dyeing both long and short batches. And with Econtrol, which is suitable for all indirect heating methods, extremely high process reliability is achieved due to the high reaction bandwidth, while high dyestuff fixing means reduced water consumption for washing out.

The Monforts Montex stenter has established itself as the industry standard for modern mills, and the moist cross linking (MXL) process has been designed for continuous use on a hotflue to ensure reduced processing times. It offers a number of key features including non-iron properties for shirt and bed sheet fabrics. #p##e#

“You can rely on the quality of Monforts equipment,” Mr Oswal added, “but just as importantly, the company has a very positive approach in respect of service.”

He added that assistance at the installation and start-up phases of the new plant had come from the very highest level of the Monforts organisation.

“I found this personally very reassuring and a very positive approach to working with the customer,” he said, “Today I feel that Monforts has become the leader with its technology in India and will now dominate the market.”

Today the Vardhman Group consists of four companies, the largest being Vardhman Textiles, formerly Mahavir Spinning Mills and since 1994 including the original company, Vardhman Spinning and General Mills. Incorporated in 1973, Vardhman Textiles has interests in yarn, fabric, sewing thread and steel.

Vardhman Threads started as a joint venture with Barbour Campbell of Ireland, manufacturing sewing thread, and is now a 100% subsidiary, while VMT Spinning is a 100% EOU (export-oriented unit) for 100% cottonyarn, a 73% subsidiary of Vardhman in collaboration with Japan’s Marubeni and Toho Rayon.

Completing the group is Vardhman Acrylics, another collaboration with Japanese companies, this time with Marubeni and Exlan, for the production of acrylic staple fibre.

Cotton yarn production, however, remains the group’s mainstay, accounting for over 50% of its entire turnover. With ten production plants located in the states of Punjab, Himachal Pradesh and Madhya Pradesh, it is the largest exporter of yarn from India and accounts for approximately 6% of India’s total cotton yarn exports.

Mr Oswal observed that this year India’s cotton crop has grown to 5.2 million tons, making it second only to China’s 7.5 million tons.

“If we work hard we can exceed that, but it requires a lot of initiating,” he said. “The government must do more. Industry is already heavily involved because it’s in our interests.”

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Jun 27 2008

Polyester Fibre and Yarn Prices in Pakistan

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Polyester prices continued sharply increasing in Pakistan, gaining more than 5% in a single month, as reflected by the series of statistical tables released by our Pakistan Correspondent reports.

 Polyester spun yarn prices also soared as a result. Blended yarn prices again increased in addition, due to a continued surge in cotton prices.

PTA and PSF import tariffs are being lowered with new subsidies being granted to domestic producers of polyester staple fibers.

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Jun 12 2008

China’s Millionaires have insatiable appetite for haute couture

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Models display items from Cartier High Jewellery during a private gala dinner in Shanghai in this January 26, 2007 file photo.

China’s millionaires’ club is expanding rapidly and many new members are women who don”t even blink when asked to pay a cool $10,000 for a cocktail dress from a top international designer.

European and American fashion designers feeling the pinch from the credit crisis can look to the growing ranks of China’s nouveau riche to boost sales.

“The Chinese are the newcomers to the global market,” said Sebastian Suhl, Asia-Pacific chief executive of Italian fashion house Prada, which has nine stores in China.

“They’re very hungry to learn about fashion. Fashion represents obviously status, but luxury is also a kind of bridge to the modern world for them.”

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Jun 12 2008

Cal Poly Students Are Motivated by Eco Trends

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The next generation of fashion designers has a heady task to tackle. They have to save the planet.

World Fiber Production/Consumption Estimates Million Metric Tons 1960-2050 (SOURCE: PCI Fibers, West Sussex, UK)

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That was the objective presented before students at California State Polytechnic University, Pomona during the second annual Apparel Merchandising & Management Symposium, held May 30 at the college’s AGRIscapes center.

The symposium is presented before the college’s graduating class and features industry speakers from leading companies.

The sustainability and eco movement, which has captured the attention of the apparel industry over the past couple of years, has been focused on eco fabrics and fashions. But the panelists at Cal Poly delved into the reasons why the industry needs eco fashions.

Program chair and professor Peter Kilduff led off by painting an alarming picture of the state of the planet.

He said the earth is actually entering into a new stage of extinction, the Anthropocene epoch, based on the degradation of natural resources by man. Citing various studies, Kilduff rallied off a number of anecdotes. For one, he noted that two-thirds of the global population will live in areas with shortages of water by 2025.

In two years, oil production will be on the decline. Animal species are disappearing at a rate between 100 and 1,000 times the norm. Consumption is one of the major causes of the planet’s deterioration.

“We are creating trash faster than the landfills can hold them,” he said.

The world’s population, currently at 6.7 billion, will hit 10 billion by 2050, according to the U.S. Census Bureau. That population consumes close to 100 plastic shopping bags a year on average for each person. Those bags clog up landfills and take hundreds of years to degrade.

As for apparel, consumers use 76 million metric tons of fiber each year, and, by 2050, that amount will grow 3½ times, Kilduff said.

“Even cotton uses a huge amount of energy because of the need to wash it,” he said. Organic cotton has done a lot to reduce the amount of chemicals into soil, but there is still a lot of waste. According to a British study, consumers put about 66 pounds of clothing into landfills a year. That’s 60 percent of all discarded clothing. About 30 percent reaches the second-hand market.

“We are over-consumed,” noted Howard Gabe, a former eco retailer and current producer of the E.C.O. trade show, held twice a year in Las Vegas. “We need organic and sustainability.”

Gabe said as much as the industry does not like to hear it, clothing consumption is part of the problem hindering conservation.

“We go out every season and buy garments that have the quality and characteristics to last us 10 years, but two months later, we need to buy another shirt,” he observed.

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Jun 12 2008

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The Agriculture Department of Shandong Province recently held a symposium on the cottonseed subsidy scheme, which has been successful in helping maintain the profitability of growing cotton. For 2008, the subsidy covers 420,000 hectares, with the average plot at .26 of a hectare — this covers 23 counties. The number of suppliers is 20.

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Jun 12 2008

Cotton Council Sponsoring Briefings On Issues

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The National Cotton Council (NCC) has scheduled a series of 45 briefings across the Cotton Belt during the weeks of June 16 and June 23 to provide up-to-date information on the impact of the new Farm Bill that is pending in Congress.

NCC members may view the schedule at www.cotton.org.

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