3/18/2008 11:55:00 AM
China International Textile Innovative Technologies Exhibition(INNO TEX CHINA )2008Date : 27-Mar-08 to 29-Mar-08 Venue : China International Exhibition Centre 6 East Beisanhuan Road, Chaoyang District Beijing , ChinaSponsor: China National Textile & Ap…
3/17/2008 2:54:00 PM
China imported 311,000 tons of wool in 2007, a growth of 11.9 percent on the previous year, according to the General Administration of Customs. The arrivals were valued at 1.79 billion U.S. dollars, up 42 percent. Average price of the imports went up 27 percent to 5,768 U.S. dollars per ton. Industry…
3/17/2008 2:51:00 PM
China´s economy is faced with the biggest price rise pressure since 1997. Talking of this issue, Liu Yonghao, CEO of a feedstuff enterprise New Hope Group who is dubbed "China´s No. 1 pigman", believes he knows it as well as the central bank governor. "The internati…
3/17/2008 10:50:00 AM
The yuan is set to rise this week on continued weakness in the US dollar, and China´s 12-year high inflation data will also be a contributing factor. The Chinese currency finished at 7.0894 to the greenback last Friday, up from 7.1059 a week earlier. The yuan rose to an intraday high of 7.0…
3/14/2008 2:45:00 PM
Oerlikon Textile, has sold its ERMAFA Kunststofftechnik Chemnitz GmbH to Donton Technologies GmbH, Dortmund, as part of its strategy to focus on its core business in the textile chain.ERMAFA supplies extruders for a great number of process tasks, including man-made fibre production as well as plastic…
3/14/2008 9:53:00 AM
German chemicals manufacturer Freudenberg Group will build a 200-million-yuan Shanghai plant to make specialty lubricants and release agents. The company said yesterday local production could help boost its sales here. As well as lubricants and release agents, it sells auto interior filters and Viled…
3/13/2008 11:48:00 AM
The year 2007-08 has turned out be quite fruitful for the cotton industry of India. Domestic prices remained steady as cotton output exceeded 300 lakh bales and exports made a mark of 60 lakh bales.However, the textile industry on the whole remained speculative as well as disappointed with the soarin…
3/12/2008 2:16:00 PM
Performance Fibers has completed its acquisition of Invista´s North America tyre cord and polyester industrial filament businesses. Terms of the purchase were not disclosed.The deal, announced in December last year (2007), includes U.S. manufacturing facilities in Salisbury, N.C.; Shelby, N…
3/12/2008 2:13:00 PM
The People´s Bank of China (PBOC) on Tuesday drained 175 billion yuan (24.6 billion U.S. dollars) from the inter bank market through central bank bill issues and repurchase transactions. The PBOC issued 75 billion yuan of one-year bills with a yield of 4.0583 percent, flat from last week. I…
3/12/2008 2:05:00 PM
China’s total industrial growth expanded to 18.5% in 2007, outpacing recent growth and up over 16.6% growth in 2006. Evidence continues to build that the growth in industrial production may be slower in 2008. China’s trade surplus in February narrowed 64% from year ago levels to US$8.56 billion, fa…
