7/7/2006 9:18:00 AM
Jin Renqing, Minister of Finance said on Jun 27 that general level of China’s tariff decreased from 10.4% to 9.9%. While making 2005 Central Budget Report on the 22nd meeting of Standing Committee of the 10th National People´s Congress on Jun 27, Jin Renqing said that China adjusted policy…
7/7/2006 9:15:00 AM
Ciba Specialty Chemicals has announced on July 3 that the agreed sale of its textile effects business to Huntsman Corporation was completed at the end of June 2006 following receipt of regulatory approvals and closing of the transaction. The business, including its assets and liabilities, was sold fo…
7/7/2006 9:08:00 AM
The Austrian technology group Andritz AG is becoming the sole shareholder of Andritz Küsters GmbH & Co. KG. The minority shareholder, Jagenberg AG based in Krefeld, is selling its remaining 40% shareholding in Andritz Küsters.Andritz Küsters encompasses the nonwoven and paper divis…
7/4/2006 5:03:00 PM
In February this year, relevant sectors in Shanghai and Chongqing came to an agreement that Shanghai Sanmao Enterprise (Group) Co., Ltd., one of the symbols for "made in Shanghai" in former days with a history of 73 years, would move to Chongqing as a whole, and both production lines and te…
7/4/2006 4:38:00 PM
China newly released the 11th five-year development plan for the textile industry rightly points out the direction of its growth. The plan requires textile manufacturers to improve their ability to innovate, develop high-tech products and those with higher added value, and promote branding. The plan,…
7/4/2006 4:34:00 PM
The Chinese cotton growers have expressed worry that their business will be hit further if imported cotton quotas are boosted.China Cotton Association reported that China imported some 2.07 million tons of cotton in the first five months this year, up 237% year-on-year.As of May, the import volume tr…
7/4/2006 4:31:00 PM
The US textile industry has expressed strong opposition against the US-Vietnam bilateral market access agreement, and is seizing its last chance to lobby US Congress to turn it down."There are no adequate safeguards in this deal. In its present form, we are left with no choice but to urge Congre…
7/4/2006 4:13:00 PM
Statistics released by China Customs showed that total imp. & exp. value of China’s foreign trade recorded U.S. dollar 647.847 billion in Jan.-May. 2006, increasing 23.90% compared with the same period of last year. Among them, export was 347.32 billion dollars, increasing 25.70%; while impo…
7/4/2006 4:04:00 PM
Tendency to artificial turf opens up growing market for textile machinery manufacturersFrankfurt am Main, Germany, June 20th, 2006 - The international football federations FIFA and UEFA are increasingly allowing matches to take place on artificial surfaces. Due to this tendency, the German Textile Ma…
6/7/2006 2:25:00 PM
>Important innovation for one of the main textile machinery trade fairs held in Asia.>As of 2008, ITMA Asia will move from Singapore to Shanghai. >A further confirmation of the importance of China in the global textile machinery sector.> > >CEMATEX (the European Committee of Textile…
