Archive by category: MaterialsReturn

Imprima Acquires City Prints & Premier Fabrics

IMPRIMA S.p.A. has acquired  City Prints and sister company Premier Fabrics, both American companies specialised in printed textiles. Imprima, controlled by Wise SGR through the Italian private equity fund Wisequity, now strengthens its strategic positioning, consolidating its global presence as a leading player in the field of printing and textile finishing for international retailers and fashion brands. City Prints and Premier Fabrics, founded in 1997 and headquartered in New Yo...
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Mike Simko Named Hyosung Global Marketing Director

Mike Simko Named Hyosung Global Marketing Director

Hyosung Corporation (Korea), the world's largest spandex producer and owner of the creora brand, has announced the appointment of a new Global Marketing Director for Textiles Performance Unit to drive Hyosung’s “commitment to excellence” in the textile industry.Mike Simko, Global Marketing Director, will lead the Hyosung’s global marketing of creora spandex, MIPAN nylon and specialty polyester fibers to deliver innovation and superior brand and retail collaborative se...
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Invista Sells Apparel & Advanced Textiles Business to Shandong Ruiyi

INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers and fibers, has agreed to sell its Apparel & Advanced Textiles business to Chinese textile giant, Shandong Ruyi. The deal is expected to be closed by mid-2018, the purchase price is undisclosed, according to INVISTA. The transaction includes:INVISTA’s portfolio of apparel-focused fibers and brands including LYCRA fiber, LYCRA HyFit fiber, COOLMAX fiber, THERMOLITE fiber and insulatio...
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Hurricane Fails to Drive Up Cotton Prices

This is a tough one.  While losing some 700 points from the hurricane driven high, December futures are still hovering near 69 cents and attempting to dig in its heels.  Its efforts will prove fruitless I predict.   The real work will have to the done once the market tests its long term price support at 65 cents.  Further down is the excellent support at 62 cents.  How dare I speak of prices in the low 60’s?  Okay, let talk about the high 50’s then....
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China’s Cotton Subsidy

In October Beijing approved the 2016 Xinjiang Cotton Growing Subsidy Plan Reform Scheme  (2016年新疆维吾尔自治区棉花目标价格改革试点工作实施方案 ). For the current crop year, the target cotton price is ¥ 18,600 (US$2,689), the same as the previous year. However, this year the Xinjiang government will establish a cotton grower dishonest list (棉花生产者补贴失信名单制度). Growers who defraud the cotton subsidy will be added to the list and won’t receive the cotton-growing subsidy the next crop year.
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Outlook 2017: Cotton Balances Supply and Demand

Last season (2015/2016) total world cotton stock declined by 3 million tons. In the beginning of the current season (2016/2017), which started August 1, 2016, the opening stock of world cotton was around 19 million tons, about 80 percent of the world’s total annual mill use. Most of the world’s cotton stock (about 11 million tons) is held by the Chinese government.Worldwide production this season was 22.4 million tons, 1 million tons more than last season, according to estimates by t...
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Denim Searches for Growth in a Stable Market

After enjoying a solid market in 2016, mills are quite optimistic about 2017, despite the intensity of a highly competitive market.“The market has been stable this year and from what I see it is going stay the same next year,” Marcus Fung, director at Unique Denim told Inside Fashion.“The demand for denim fabric is steady, yet people keep looking for more cost-efficient products, and due to oversupply on the fabric side, it still is not easy,” added Andy Zhong, sales mana...
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