CHEIL INDUSTRIES INC. (KSE:001300), the textile unit of South Korea’s SAMSUNG GROUP, has completed the construction of a synthetic resin plant in the northeastern Chinese city of Tianjin, establishing its first overseas presence in the chemical sector, the company said Thursday. TIANJIN SAMSUNG ENGINEERING PLASTIC CO., a wholly-owned affiliate of Cheil Industries, held a ceremony on Wednesday there to mark the dedication of the plant in the Chinese city.

The Tianjin plant will lay the foundation for Cheil Industries to tap into the global chemical market, Cheil Industries CEO Hwang Baek was quoted by the company as saying during the ceremony.

The plant will have an annual capacity of 10,000 tons of acrylonitrile butadiene styrene (ABS) compound and 6,000 tons of engineering plastics (EP) compound, the company said.

Source: http://english.ctei.gov.cn/News/Companies/230666.htm

In the 2010 Yarn Expo, Shandong Helon Co., Ltd. is going to launch its recent developed product Jutecell ® fiber to meet the growing demand for low-carbon and eco-friendly product.

According to Liu Ruichang, Helon’s manager for this exhibition, Jutecell is a new kind of cellulose fiber processed from jute, exclusive from Helon itself. This fiber is featured with antibacterial, mould proof, moisture absorption and quick dry. Its denier and length could also changed upon the requirement of textiles. Its fabric feels smooth, bright color, and full of texture.

Jutecell is a new, healthy, fashionable and green fiber. It is applicable for manufacturing of underwear, quality man’s suit, curtain, bedspread, as well as medical applications. Liu says Helon is going to hold a press conferecne with the help from China Knitting Industry Assocation, to invite downstream customers to have a face-to-face meeting in the exhibition.

Besides the jutecell fiber, Helon also brings its flame retardant viscose fibers, Newdal® fiber, and so on. Newdal is a renewable fiber developed from natural plant. It is featured as high-strength and high crimp tendency. It feels soft and smooth, with good handles and drapability. Other benefits include easy-care, wash durability, anti-crease, moisture absorption. It could be used for underwear, children’s wear, sportswear, and high-end fashion clothes. Newdal® is called Chinese Modal.

Source: http://english.ctei.gov.cn/News/CNTACNews/231484.htm

King Rich Textile Raw Material Co., Ltd. is a rayon and pure cotton yarn supplier, located in one of the textile centers, Zhangye Knitting Town. Its major products include 3.5s~60s slubby yarn, 60s~150s high count yarn, pure cotton yarn, bean fiber yarn, and other 100 series yarn. In last year, most yarn manufacturers had to keep a low margin profit to maintain the sales, but King Rich saw this challenge as opportunities. According to Yang Haijun, the general manger of King Rich, the company had a comprehensive anticipation for the market situation in advance. when the market was weak, it purchased raw material in low prices and enhanced the production despite the recession. While since Sept last year, the cotton price began to increase, the company enlarged its market share with ample supply and large scale production. Besides this, the export business also kept stable growth.

King Rich prepared its key product slubby yarn for the 2010 Yarn Expo, which including bean protein slubby cotton yarn, combed pure cotton slubby yarn, rayon slubby yarn, pure cotton grey slubby yarn, flax slubby yarn, CVC slubby yarn, polyester slubby yarn, knitting plain series. It also has the high-end yarns like Tencel, Lenzing Viscose, Modal series. Since it first participation of Yarn Expo last year, it had extend its marketing channel and re-position the development direction.

Source: http://english.ctei.gov.cn/News/CNTACNews/231482.htm

Huafang is going to lanuch a batch of new series lines in the InterTextile Beijing, including coated fabrics, polyester/cotton, cotton/nylon blended fabrics, metallic wire fabrics, flax and multicomponent fabrics.

Classic Urban Series coated fabrics: this kind of fabrics is processed with new coating technique, which makes the fabric more comfortable and stylish. The fluorescent powder sparkles in the texture, shining like star. It also features as wash resistance and maintains the fresh color.

Butterfly Murders Series polyester/cotton, cotton/nylon blended fabrics: this kinds of fabrics comprise all the features of polyester and nylon, as well as the cotton. It is elastic and wear resistant, size stable, quick dry, anti-crease and minor shrinkage. The high-count polyester fabrics has brighter color and fresh style and attracts people’s eyes. The wear resistant nylon fabrics is elastic and has soft lustre. When nylon blended with cotton, the fabrics feel smooth with good drapability, and are perfect for the sportswear.

Fashion Series metallic wire fabrics: Cubera TM antibacterial fabrics adopts the antibacterial benefit of copper compounds, and the advanced naometer technology. The Cu2+ copper ion could damage the cell membrane of bacteria, and restrain their growth and breeding. The copper is also an indispensible element for people’s body. It has the feature for our health and beauty.

Source: http://english.ctei.gov.cn/News/CNTACNews/231481.htm

Heilongjiang Yuanbao Textile Co., Ltd. takes their most recent developed eco-friendly product Natural Color Linen to the trade fair. This linen fabric has three patents, and passed the inspection from TESTEX ZURICH. It meets the Oeko-Tex Standard 100, and labelled with green tag.

Natural Color Linen fabrics is featured with gentle color, soft feeling, stylish, and comfortable. It is regarded as “real green textile” for the following reasons:

Dyeing-free: this linen has not put into dyeing process therefore avoid the potiential risk of dyestuff for people’s health. Without dyeing, it also has no need for kiering and bleaching, and avoids the chemical residue.

Environmental friendly: all the material are bio-processing without any chemicals.

Anti-bacteria: Natural Color Linen remains the inherent characteristics of linen fabric, including moisture absorption and breathability. Its extra benefit is antibacterial and is applicable to make underwear, infant’s wear, and home textile products.

Source: http://english.ctei.gov.cn/News/CNTACNews/231480.htm

China clothes industry is going to enter into another golden 10 years. Referring to the demand, people aged between 25 and 29, and those between 35-45 are those of strong purchasing power. They are the target customers of vendors. With the development of rural area, the consumption power of customers in countryside also grows. The clothes market is expanding with a rate of 10% from now to 2030. From a mid and long term perspective, the environment of clothes manufacturers is good. Those who have control in the sales channel and those focus in high-end market will get stronger.

There are some new features of the consumption in China. First, the general income of the customers is growing. The group with annual salary between 40,000 to 100,000 yuan increase than ever before. Second, urban residents have higher purchasing power than those lived in rural area. Third, the expenditure in clothes followed the same rate as the growth of income. Fourth, residents in different cities have different ways in their expense in clothes. Some second and third tier cities even went beyond the first tier cities in the clothes consumption. Fifth, the people aged between 25 and 29, and those between 35-45 are the major target of vendors.

From the above features, we could see that more and more Chinese people get wealthy, and they are willing to spend more money on clothes. The opportunities in some second and third cities in Inner Mongolia, Xinjiang, Henan, Shanxi, Ningxia, Heilongjiang, Liaoning and Jinan, are even better than some first tier cities.

Since the beginning of this year, the export of textile and clothes did not grow as fast as expected. The export for the whole year might be not that optimistic as we anticipated. But the unstable export situation could stimulate more investment for domestic market.

Source: http://english.ctei.gov.cn/News/CNTACNews/230510.htm

Pakistan will participate along with nearly 100 yarn & fibre suppliers at the Yarn Expo Spring scheduled to be held from March 31-April 2 at prestigious China World Trade Centre in Beijing, the event organizers said.??There will be a Pakistan Zone showcasing pure cotton, poly-cotton, organic cotton and core spun yarns, which can be applied for knitting/ weaving, denim, hosiery, home-textiles, and apparels?? the organizers further said.

Several exhibitors from China, Hong Kong, Singapore have confirmed to launch new products on the occasion.

The exhibitors will present a range of products, from natural, manmade yarns to speciality/fancy fibres that will be divided into several areas along with a series of on-site product presentations.

This year special features are:

• Product presentations by Dezhou Huayuan Eco-technology Co Ltd, Qinqdao Fanglian Textiles Group Co Ltd, Shandong Helon Textile Sci & Tech Co Ltd, Weiqiao Textile Co Ltd plus more.
• Suppliers grouped into three highlighted areas including viscose, bamboo / ramie and fire retardant fibres.
• A Pakistan Zone showcasing pure cotton, poly-cotton, organic cotton & core spun yarns, which can be applied for knitting/ weaving, denim, hosiery, home-textiles, and apparels.
• A Lingxian zone featuring suppliers from this famous region in China.
• A colourful Trend Area unveiling 2011/2012 Fabrics China-Yarn Trends, running alongside two other industry events, Intertextile Beijing Apparel Fabrics and the China International Clothing and Accessories Fair (CHIC), together all three events will cover the entire supply chain, making Beijing a prime business destination.

Yarn Expo is organized by Messe Frankfurt (HK) Ltd, the Sub-Council of Textile Industry -CCPIT, China Cotton Textile Association, China Wool Textile Association, China Chemical Fibres Association, China Bast & Leaf Fibres Textiles Association, and China Textile Information Centre.

Source: http://english.ctei.gov.cn/News/CNTACNews/230661.htm

European companies are moving to Bulgaria because of low taxes. At least 20 small and medium-sized French companies have moved their business registration in Bulgaria because of its attractive corporate tax of 10%, told Milka Georgieva-Wei, owner of consulting company. Registration in Bulgaria and move companies from other European countries. Registration of legal entity in Bulgaria, rather than in France, tax savings for owners of at least 5%. In France, firms pay a levy on profits from 15% to 35%, while in Bulgaria is 10%, said business lady. At least another 40 companies it has helped to pass in Bulgaria production capacity. Above all, these are enterprises in textile and food industries and in farming. The reason is that production in Bulgaria is cheaper than in France as a cost.

Source:http://www.bgtextiles.org/?cid=78&NewsId=1083

Bulgaria’s economy shrank by a real 5.9 per cent year-on-year in the fourth quarter of 2009 and five per cent for the full year, the country’s National Statistics Institute (NSI) said on March 11 2010. In absolute terms, the gross domestic product (GDP) in 2009 was 66.3 billion leva, including 17.9 billion leva in the fourth quarter.

In 2008, the Bulgarian economy grew by six per cent, buoyed by the momentum accumulated during years of cheaply-available credit. The country officially entered a recession in the first quarter of 2009.

The biggest decline was posted by the industry, which shrank by 8.1 per cent for the year, NSI said in a statement. Agriculture declined by 3.3 per cent and the services sector posted an annual drop of 1.7 per cent.

Consumption, which was one of the main drivers of economic growth in recent years, was down an annual 6.2 per cent. Investment was down 26.9 per cent.

Exports shrank by 9.8 per cent year-on-year, while imports were down by an annual 22.3 per cent. The trade gap was 7.7 per cent of GDP.

Source:http://www.bgtextiles.org/?cid=78&NewsId=1082

Inflation in Bulgaria marked a slight increase on an annual basis in February. Data from the National Statistical Institute (NSI) show 0.9 percent growth in prices compared to February 2009 In January it was reported annual inflation of 0.5%. Meanwhile, the monthly inflation rate (compared to January) is nearly unchanged compared to its size last month - 0.6 percent. Before January NSI data showed minimal monthly inflation of 0.7 percent. For all of 2009 did rise in consumer prices was 0.6%. Before this, in October and November was reported annual deflation.

Source:http://www.bgtextiles.org/?cid=78&NewsId=1081