Category: Global

China, OECD to jointly promote responsible textile business

The China National Textile and Apparel Council (CNTAC) and the Organisation for Economic Cooperation and Development (OECD) recently inked an agreement to promote responsible business in global textile and apparel supply chains. The joint vision will connect efforts by suppliers, brands and buyers, creating more synergy, said CNTAC Vice President Chen Dapeng. According to OECD Deputy Director of financial and enterprise affairs Mathilde Mesnard, OECD will have the opportunity to cooperate on the development of a Chinese-owned due diligence guidance for the textile and apparel supply chain that is aligned with OECD guidance but adapted to the Chinese context....

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Epyllion Group, BD Implements Intellocut to boost top-line

Epyllion Group, Bangladesh has implemented Threadsol’s flagship product intelloCut. ThreadSol provides software solutions for apparel manufacturers. ThreadSol’s intelloCut is the World’s first AI based fabric planning system. intelloCut is aimed to boost topline by enabling manufacturers to cut more and ship more with the same fabric. Since its inception in 1994, Epyllion Group has grown to produce 92,000 pieces of RMG per day. The scale of operations within its reigns came with a challenge of managing fabric for the company. Fabric constitutes for 60-70 per cent of cost for any RMG manufacturer. ThreadSol’s intelloCut facilitated Epyllion Group’s fabric management...

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Intertextile Shanghai Apparel Fabrics Autumn changes dates

The 2018 Autumn Edition of Intertextile Shanghai Apparel Fabrics will take place earlier this year, with the industry’s leading trade fair running from 27-29 September instead of its usual October timing. The exhibition will be held again at the National Exhibition and Convention Center (Shanghai), its home since 2015. The 2017 fair played host to 4,538 exhibitors from 32 countries and regions, and 77,883 trade buyers from 102 countries and regions. “After extensive consultation with all stakeholders over the past year, we have come to the decision to bring forward the Autumn Edition to September,” explained Wendy Wen, Senior...

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Terrot opens new Technology Centre

During a two-day workshop Terrot, a leading manufacturer of electronically and mechanically controlled circular knitting machines, and around 50 sales agents made themselves familiar with the current machine and knitting technology developments. The highlight of this sales agent workshop was a special in-house event. The German machine builder from Saxony opened its new Technology Center in December 2017 with its sales representatives and other international guests. As part of the opening, Andreas von Bismarck, Managing Partner of Terrot, symbolically passed on the responsibility for the new Technology Centre to Terrot‘s Head of Application Advisory Department Thomas Fischer. During the...

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ADB gives Eastern Bank $20m for apparel sector

The Asian Development Bank (ADB) recently signed an agreement with Eastern Bank Ltd (EBL) to provide the latter a $20 mn loan to help improve standards and quality in Bangladesh’s textile and garment sector. The loan will be used to finance socially and environmentally sustainable projects, specifically, the construction or expansion of factories meeting structural, fire and electrical safety standards, according to a statement from the private commercial bank. It says Bangladesh was currently the second largest exporter of textiles and garments, accounting for about 15 per cent of the gross domestic product and employing more than four mn...

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