A free trade agreement could increase Bangladesh s exports to India by 182 per cent and by 126 per cent the other way round, according to a World Bank report, which said improving.
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Pic: Autefa Solutions German textile machinery company, Autefa, has announced that it has conducted successful spunlace trials in the nonwovens competence centre in Linz, Austria, together with Lenzing and their team behind the Veocel brand. Autefa Solutions, a leading textile machinery firm, is known for the development of industrial logistics and automation solutions. Autefa spunlace line with the Hydroentanglement Machine V- Jet Futura is available for further customer trials using the full portfolio of the company’s nonwovens machinery from bale to fabric, including opening and blending, web forming, hydroentanglement, drying as well as cutting and winding. Recently, a team from Lenzing that is known for their Veocel branded cellulosic nonwoven fibres, was invited for trials at Autefa Solutions Nonwoven Competence Centre in Linz, Austria, according to Autefa.
Tempur Sealy International, leader in design, manufacturing, and distribution of bedding products, is expanding manufacturing operations in Scott County to meet demand for.
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UK-based Japanese firms fell by 12 per cent from 1,084 in 2014 to 951 in 2019, with most of the drop occurring during the politically tumultuous period following the
Brexit referendum in June 2016. During fiscal 2018-19, the number of firms dropped by 4 per cent, according to Japanese ministry of foreign affairs (MoFA) data analysed by Rudlin Consulting. Most of the impact was on the financial services and manufacturing sectors. The UK drop is in contrast to a growing number of Japanese firms situating in the European Union (EU). Between 2014 and 2019, the number of such firms in the Netherlands grew by 67 per cent, according to the MoFA data. There were also increases in Germany, France and Italy of 11 per cent, 7 per cent and 53 per cent respectively during the same period.
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Pic: USDA/FAS As the world economy recovers from the severe 2020 downturn, global cotton consumption is expected to grow by 4.1 per cent in 2021-22 season, substantially above the long-term average rate of 1.7 per cent, according to the
US department of agriculture (USDA). This will be the second consecutive year when world consumption will exceed production.
World cotton stocks are expected to reduce by 3.2 million bales, according to the initial world and US cotton outlook for the 2021-22 season released by USDA in February at the Agricultural Outlook Forum.
Meanwhile, world cotton production is expected to rise 4.7 per cent with the most significant year-over-year growth in Pakistan, Australia, Brazil, the United States, and West Africa, the Foreign Agricultural Service (FAS) of the USDA said in its March 2021 report Cotton: World Markets and Trade .