Industry News

Source: www.fibre2fashion.com

India does not intend to change the existing foreign direct investment (FDI) policy related to multi-brand retail trade, according to Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek, who said the $650 billion retail sector is growing fast, holding huge potential for businesses. DIPP also favours a cut in corporate tax rate, he said. 

Finance Minister Arun Jaitley had lowered corporate tax rate to 25 per cent for businesses with turnover up to ₹250 crore. 

Source: www.innovationintextiles.com

Yunsa, the integrated high-segment worsted wool fabric manufacturer, has launched new fabrics suitable for all the four seasons. Yunsa fabrics can be a saviour for all seasons with its breathing and humidity controlling features. The collection is made with blending wool, which is a natural and sustainable raw material, with linen, silk, and cashmere.

Source: www.innovationintextiles.com

Ahlstrom-Munksjö, a leader in fibre-based materials, has for the past years cooperated to develop a recyclable textile material made from locally sourced wood fibre. Now, it will be used in fabric for Nobel Banquet garment worn by a ceremony master Andrea Montano Montes in Stockholm on 10 December.

Source: www.fibre2fashion.com

The Vietnam Textile and Apparel Association (VITAS) and the World Wildlife Fund (WWF) recently launched in Ho Chi Minh City a water risk report for the country's textile and garment industry and a tool for assessing water risks in the Mekong region. Both are expected To support the development of garment and textile enterprises in the future.

Source: www.fibre2fashion.com

Textile manufacturers around the world are often stuck with excess fabric, because logistics, time and lack of visibility complicate things. From a designer point of view, current sourcing realities limit sourcing, inhibit creativity and innovation, thus affecting what they can produce for consumer needs Around the globe.

Source: www.fibre2fashion.com

PrimaLoft, a leader in advanced material technology, has unveiled PrimaLoft Bio Performance Fabric, the first 100 per cent recycled, biodegradable synthetic fabric. This follows the launch of PrimaLoft Bio Insulation, also the first technology of its kind. PrimaLoft is targeting fall 2020 for Consumer availability of both the biodegradable products.

The same 100 per cent recycled, biodegradable technology used in the development of PrimaLoft Bio Insulation is used in the development of PrimaLoft Bio Performance Fabric.

Source: www.innovationintextiles.com

With the theme of Textile Structures for New Building, the Techtextil trade fair will once again be giving awards for young ideas on building with textile-based materials.

Source: www.innovationintextiles.com

UK retail health in the 2018 third quarter stayed stagnant despite the summer boost that benefitted some retailers, according to the KPMG-Ipsos Retail Think Tank (RTT). The latest Retail Health Index (RHI) score of 79 marks the 10th consecutive quarter of negative Or flat performance. Demand is volatile, while margins are under pressure with rising costs.

The performance reinforces the industry’s ongoing struggle with structural change as well as the perilous trading environment, RTT said in a press release.

Source: www.innovationintextiles.com

Janet Prescott reports

The annual conference and mill visits for textile students at universities and colleges across the UK took place in Bradford from 16-17 October. Making it in Textiles (MIIT) 2018 is organised and financed by the major textile Guilds, The Worshipful Company of Weavers Initiated The programme under the late James Sugden. It is supported by The Campaign for Wool.

Source: www.fibre2fashion.com

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility, funded by the UK Department for International Development (DFID), recently announced an investment of over $750,000 during the next two years in Myanmar's traditional textiles industry. The investment will initially take place in Kachin , Chin and Shan states but will later expand to other states.