Towels and Textiles
Developments continue to unfold surrounding the Bangladesh factory fire that occurred over the weekend, killing more than 100 people.
Three supervisors of the Bangladeshi garments factory were arrested on Wednesday as protests carried over into a third day, with textile workers and police clashing in the streets of a Dhaka suburb. The government has blamed the fire on saboteurs and police have made two arrests based on CCTV footage of two individuals trying to set fire to stockpiles of cotton in another factory.
The industry was in for a shocking surprise when India announced an unexpected ban on cotton exports in 2010 and again in 2011. However, according to an official press release, Anand Sharma, Cabinet Minister of Textiles, India, sent a written statement confirming the ban has been lifted. The written statement confirms the 2012/2013 season will have an exportable surplus of 7 million bales.
Textile and apparel imports into the US fell by 1.3 percent in September as retailers planned conservatively for the upcoming holiday season, with year-on-year declines in seven of the top 10 supply countries.
Official figures from the Department of Commerce's Office of Textiles and Apparel (OTEXA), showed total textile and apparel imports slipped to 4.8bn square metre equivalents (SME) during the month.
Pro Towels, headquartered in Pittsburgh, has announced the launch of its new business development team. This team will be an extension of the marketing and sales departments and has been created to take distributor relationships with Pro Towels to the next level.
Pro Towels, a Pittsburgh-based provider of screen printing and embroidery services for the promotional product industry, recently announced plans to expand its current operations in Abbeville, S.C. The $2.5 million investment is expected to generate 50 new jobs.
The Quality Certification Alliance (QCA), the promotional product industry’s only independent, not-for-profit organization dedicated to helping companies provide safe products, has awarded QCA Accreditation to Baltimore, Maryland-based Towel Specialties.
Pro Towels Etc., a leading towel supplier located in Pittsburgh, announced today that it is changing its name to Pro Towels. The new logo and corporate identity will coincide with the streamlining of the name and will enhance the company's brand image.
The International Cotton Advisory Committee (ICAC) reported that in September 2012, international cotton prices declined slightly, whereas Chinese cotton prices increased a little bit. This might indicate price directions over the next few months. In China, cotton prices in 2012/13 will be supported by the minimum support price policy, under which the government is organizing daily purchases of new crop cotton between September 2012 and March 2013. In the rest of the world, the pressure of accumulating stocks, combined with weak demand, could drive cotton prices down.