NEW YORK, March 13- Cotton is no longer king of the U.S. apparel industry as lower prices fail to revive consumer demand and once-mocked man-made fibers take a permanent place in American wardrobes.» Read More
NEW YORK, Jan 30- The arctic cold sweeping across the United States has caused rare winter power interruptions for U.S. spinning mills in North and South Carolina, including Frontier Spinning Mills, the second-largest yarn producer in the United States.
*Around 15 firms have moved operations to Vietnam- trader. BEIJING/ SINGAPORE, Jan 15- Chinese yarn makers, crippled by artificially high prices for cotton at home, are shifting production overseas to secure cheaper raw materials, even going as far afield as the United States.
NEW YORK, Dec 27- Turkey has overtaken China as the biggest buyer of U.S. cotton, U.S. data showed on Friday, as Chinese buyers have boosted their purchases of lower-taxed yarn and cut back on buying raw cotton. Continuing a five-months-long trend since the Aug. 1 start of the 2013/ 14 crop marketing season, data for the week to Dec. 19 showed Turkey was the top buyer.
NEW YORK, Dec 19- American Securities LLC has bought a majority stake in Frontier Spinning Mills Holding Corp, the second-largest U.S. yarn producer, taking advantage of low energy costs and booming yarn exports to China.
Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.
Jason Chen, Founder of Singtex Industrial, explains how he decided to infuse his family's fabrics business with coffee grounds.
A proposed free trade agreement with South Korea, which the House and Senate are scheduled to consider this week, would open the American market to a manufacturing powerhouse that has its own high-technology textile industry. The New York Times reports.
Commentators are worried how inflation and higher raw costs might affect retailers, but Cramer thinks those fears are overblown.
Cramer thinks it could be, but to be sure, he spoke with the company's CEO.