Asia News

Cavitec introduces redesigned Caviscreen for textile coating24/4/2024

Cavitec introduces redesigned Caviscreen for textile coating

As part of the Santex Rimar Group, Cavitec is unveiling the redesigned Caviscreen at Techtextil Frankfurt for the first time. This new version of Caviscreen incorporates cutting-edge technology to achieve exceptional results in breathable lamin...

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Bangladesh: BGMEA for more investment in non-cotton textile sector24/4/2024

Bangladesh: BGMEA for more investment in non-cotton textile sector

Increased investment in the non-cotton textile sector is important to propel Bangladesh’s move towards high-value garments, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) outgoing President Faruque Hassan said.Faruque high...

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S. Korea: Hyosung expands elastane line with 100% renewable resources

Hyosung has broadened its range of regen Bio-Based Elastane, replacing nearly all the raw materials previously derived from petroleum-based sources with 100% renewable resources. Recently, the company obtained an independent third-party Life Cy...

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Myanmar: To cultivate over 600,000 acre of cotton in fiscal 2024-25

Myanmar will cultivate more than 600,000 acre of cotton across six states and regions during the 2024-25 fiscal year, reports Global New Light of Myanmar.
According to U Min Nuang, Union Minister for Agriculture, Livestock, and Irrigation a...

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Vietnam: Ranked 6th among fastest growing Asian economies in 2024

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024. The projections for Vietnam’s real GDP growth to reach 5.8% and per capita GDP growth at 7.41%.
Vietnam found itself positioned behind...

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ITMA ASIA + CITME Exhibition in Singapore Gears Up for Opening of Space Application

The ITMA ASIA + CITME, Singapore 2025 exhibition has attracted heightened levels of interest since it was launched in Milan last June. Drawn by the regional market opportunities, many leading textile technology brands are looking forward to app...

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Japan: YKK headquarter moves to Vietnam, production increases by 100 times!

YKK Vietnam is part of the Japanese YKK Group, specializing in producing high-quality zippers for the textile, footwear, and handbag industries.
YKK has been operating in Vietnam since 1998, with its first factory located in Amata Industrial...

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Japan: Uniqlo surpasses $2.5 billion revenues in 2023

Renowned Japanese casualwear brand Uniqlo surpassed $2.5 billion in revenue in fiscal 2023. At the heart of its success lies the brand’s philosophy of ‘LifeWear,’ affirms Seneiya Navajas, Senior Manager- Sustainability, Fast Retailing. read more


Japan: Uniqlo to close 50 stores in China this year

Takeshi Okazaki, Chief Financial Officer of the Japanese apparel giant Fast Retailing, disclosed in a recent interview with the Nikkei that the company will adjust its store-opening strategy for its flagship brand Uniqlo in the Chinese market. ...

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Pakistan: Textile exports up 3% YoY in March24/4/2024

Pakistan: Textile exports up 3% YoY in March

Exports of Pakistan’s textile sector showed marginal growth of 3% year-on-year in March, clocking in at $1.3 billion compared to $1.26 billion recorded in the same month of the previous year, showed provisional data released by the All-Pakist...

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Pakistan: Aims to revitalize textile exports with new wheeling policy

The government is intensifying efforts to implement a comprehensive wheeling policy which is expected to significantly boost dwindling textile sector exports, Power Minister Sardar Awais Ahmad Khan said All Pakistan Textile Mills Association (A...

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Pakistan: Hosiery exports to China surge 45% in 2023

Pakistan’s hosiery exports to China surged by 45 per cent in 2023, as per a report by Gwadar Pro
Pakistan’s hosiery and cotton footwear exports combined surged by 51 per cent during the year to $11.55 million compared to $7.61 million in...

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Pakistan: To introduce new policy for upliftment of the textile sector

The Pakistan Government will soon introduce a comprehensive wheeling policy to uplift the struggling textile sector in the country, said Sardar Awais Ahmed Khan in a meeting with the All Pakistan Textile Mills Association (APTMA).During the mee...

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Pakistan: PHMA pledges collaboration with government to boost textile exports

The Pakistan Hosiery Manufacturers Association (PHMA) has pledged to collaborate closely with the new government to boost exports and reignite growth in the value-added textile industry. Farrukh Iqbal, Zonal Chairman, PHMA, emphasised the impor...

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Pakistan: Cotton yarn exports to China rise to over $100 million in Jan-Feb, 2024

Experts predict a significant boost in Pakistan’s cotton yarn exports to China this year due to a good yield. In the first two months of 2024, Pakistan’s cotton yarn exports to China have surpassed the $100 million mark.
Data from the G...

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Vietnam: Rise in GDP Contributed Mainly by Exports

Vietnam’s gross domestic product (GDP) in the first quarter of the year grew by 5.66% compared to the same period last year, according to government data released. This growth comes despite challenges such as higher shipping costs due to disr...

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Vietnam: Positive indicators emerge in garment-textile sector exports

Currently, the majority of businesses in the garment and textile sector reported that they have received orders for production until May.
The recent increase in orders showed that the garment and textile sector is recovering and the market i...

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Vietnam: Green production critical to sustainable textile, garment export

Textile and garment exports posted a year-on-year increase of 15% in the first two months of 2024, a result partly attributed to the industry’s gradual adaptation to the green production requirement of import markets.
Textiles and garments...

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Vietnam: Garments and textiles emerge as largest export items to Cambodia

Vietnam exported a total of 27 major products to Cambodia during the opening two months of the year, of which garments and textiles witnessed the largest turnover in the market, according to the General Department of Vietnam Customs.
Statis...

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Vietnam: Crystal Group ‘planning’ $200m fabric, garment factory

Hong Kong-headquartered garment manufacturer Crystal Group is reportedly looking to build a $200m yarn fabric and garment production facility in the northern province of Nam Dinh, Vietnam.
Crystal International Group and Nam Dinh People’s ...

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China: Preferred for Trade over USA by SEA Nations, Study Finds

A recent survey conducted by the ISEAS-Yusof Ishak Institute has unveiled an intriguing shift in Southeast Asia’s geopolitical landscape: China has overtaken the United States as the region’s preferred alignment choice. The survey, which en...

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China: Economic activity rebounds in 2023

China’s economic activity rebounded in 2023 following the post-COVID reopening with real GDP estimated to have grown broadly in line with the authorities’ growth target of around 5 percent, the executive board of the International Monetary ...

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China: First sports brand ‘Anta Sports’ to break 30 billion yuan

Anta Sports Goods Co., Ltd. announced its 2023 results. During the period, Anta Sports achieved revenue of 62.356 billion yuan, a year-on-year increase of 16.2%; profit attributable to shareholders was 10.236 billion yuan, a year-on-year increa...

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Bangladesh: Datatex launches ERP software for textile industry

Datatex recently unveiled its ERP Software Suit designed for the Bangladeshi textile and apparel sector. Maurizio Desio, Datatex’s Chief Marketing Officer, emphasized Bangladesh’s potential as a key market for ERP systems. He highlighted th...

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Bangladesh: RMG exports surge by 13.93% in Feb’24

Bangladesh’s Ready-Made Garment (RMG) exports surged by 13.93 per cent Y-o-Y to $4.49 billion in February 2024. As per data released by the Export Promotion Bureau (EPB), in January 2024, Bangladesh’s RMG exports had surged by 12.45 per cen...

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