New Trends Of Textile Industry In Vietnam And India
India cotton yarn inventory reduced by 150 million kg
The India Textile Industry Federation (CITI) reported that after the export restrictions last year, the spinning industry has more than 500 million kilograms of cotton yarn, and now the stock of cotton yarn has been significantly reduced.
Shishir Jaipuria, chairman of the India Textile Industry Federation (CITI), said in a statement that the factory's
Cotton yarn inventory
It has been reduced from the peak of 500 million kilograms to about 350 million kilograms, and is expected to continue to decrease in the coming months.
The holiday in India will start in September and is expected to significantly improve the demand for all textiles, which will help spinning enterprises to deal with their accumulated cotton yarn stocks.
In fact, since May 23, 2011, the national spinning mills have significantly reduced production.
At present, the national cotton yarn production capacity has been closed by 25-30%.
Vietnam has the first local polyester fiber plant.
The Dinh Vu polyester fiber factory funded by Vietnam petroleum and petrochemical and Textile Fiber Corporation (PVTEX) has produced the first batch of domestic synthetic polyester fibers (PSF) in Vietnam.
This marks a strategic leap in Vietnam, made in Vietnam's textiles.
fibre
The content will be increased.
This factory is located in the northern part of Haiphong City, Ting Wu industrial park, covering an area of 15 hectares.
Production capacity of 175000 tons, the factory is expected to steadily meet the domestic textile industry polyester staple fiber demand of about 40%.
In the process, Vietnam will reduce.
Psf
Imports cost about $400 million a year.
In addition, the factory will also promote the growth of the domestic PSF industry and create about 700 regular jobs.
Annual sales exceed 6 trillion dong dong.
At the same time, PVTEX has invested about 140 billion Dong Dong and built Phu Bai fiber factory in Ting Wu industrial park.
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