*Decades of conflict have left southeast Turkey mired in poverty. DIYARBAKIR, Turkey, April 3- In Turkey's mainly Kurdish southeast, deeply scarred by conflict between state forces and militants, a textile firm that supplies companies across Europe plans three new factories- a rare bet the government can deliver on a vow to regenerate the region.
*Buyers leaving China as costs make it more expensive. HONG KONG/ BIELLA, Italy, Feb 14- International textiles buyers are increasingly switching away from China, and back to Western suppliers, as rising labour, raw material and energy costs make the world's dominant producer more expensive. For sure, China remains a world leader in textiles: employing over 4.6...
CAIRO, Feb 13- Egypt's most famous export, the silky soft cotton prized by makers of luxury bedding and clothing, has become so scarce as production has fallen that most supplies sold under its brand name last year were fake. Last year, agricultural production of Egypt's high quality long-staple cotton hit a more than 100- year low. Production has slumped since...
ISLAMABAD, Feb 3- Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday. Hyundai's return to Pakistan will boost the government's efforts to shake up the Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki, who assemble cars in...
ISLAMABAD, Feb 3- Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with Pakistani textile giant Nishat Mills, a Nishat Mills official said on Friday. Hyundai, South Korea's largest automaker, has been seeking a local partner to set up an assembly line in Pakistan, Nishat Mills company secretary Khalid Chauhan told Reuters.
Pete Santora, VP at Softwear Automation, reviews automated textile production technology, comparing it to efforts to make autonomous vehicles.
Scientists coated fabric with a nearly invisible substance that can supercharge winter clothing and cut down on household heating.
Marjorie Yang, Chairwoman of textile manufacturing firm Esquel Group, explains the benefits of a slowdown in Chinese economic growth.
Entrepreneur Stephenie Anderson has opened a new American wool mill in Minnesota, something the region hasn't seen in decades.
Swiss company Schoeller has been developing clothes with special attributes, like self-cleaning, using nano technology. The company is also looking at way to dispense medicine from clothes straight to the skin.
The race to produce spider silk, a very strong and stretchy material, has been going on years, but Japanese company Spiber claims it is on the verge of mass production. CNBC takes a closer look.
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.
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.