What’s the trend in polyester prices?
Polyester prices have risen by around 25% in the last 12 months. In
viscose, prices have increased by around 30% in the past one year.
However, we have been able to raise yarn prices by 30-35%. Overall, we
have been able to improve our realisations as pricing power has come
back.
Has interest cost increased substantially?
In 2007, our interest cost was Rs150mn. This has gone up to Rs500mn now
due to a change in interest rate scenario. But, we get interest subsidy
under TUFs. So, our total cost of long-term fund was close to 1% prior
to the global financial crisis. This has now gone up to 3.5%. Since our
performance this year has improved, we can start fighting with the
bankers to reduce the rates.
Popular Posts
Polyester market increase due to Cotton price increase
Mumbai, Dec. 25
With the sharp rise in cotton prices, textile manufacturers have shifted their focus to ramping up polyester yarn production capacity.
Alok Industries, a leading integrated textile company, plans to double its polyester yarn capacity to 1,200 tonnes a day by March at an investment of Rs 800 crore.
Mr Sunil O. Khandelwal, Chief Financial Officer, said the company had foreseen the shortage of natural fibre cotton and would begin increasing polyester yarn production from next month.
Similarly, Ganesh Polytex, which produces polyester staple fibre by recycling plastic pet bottles, plans to increase its processing capacity by 15,000 tonnes to 72,000 tpa. As part of its forward integration plans, the company is also putting up 25,000 spindles to produce polyester yarn at its existing Bilaspur plant in Chhattisgarh. This will involve an investment of Rs 125 crore.
Mr Gopal Agarwal, Chief Financial Officer, said Ganesh Polytex would tap the Centre-sponsored Technology Upgradation Fund (TUF) scheme for the spindles.
The price gap between cotton and polyester yarn has widened in the last few months with demand for the former increasing substantially on the back of a lower-than-expected crop this season, said Mr Khandelwal. Cotton yarn of 40s counts currently trades at Rs 260 a kg while polyester yarn of 80-denier is priced at Rs 110-115 a kg. Cotton prices are expected to stabilise by mid-January with arrivals improving. The most popular variety, Shankar-6, may fall from Rs 41,000 to Rs 37,000-38,000 a candy as supply improves.
More than the fall in production, the uncertain Government policy on cotton has made it difficult for companies to plan their future, said an analyst. The textile industry's shift to polyester has pushed up the prices of the key raw material, PTMEG (poly tetra methylene ether glycol), but this has been moderate compared to cotton, he said.
The fall in cotton production over the years has pushed up use of polyester by the textile sector. In the last decade, this has nearly doubled from 30 per cent to 55 per cent and expected to further increase to 70 per cent in the next five years, said Mr Khandelwal.
On the quality issue, he added, a fabric with 75 per cent polyester and 25 per cent cotton is considered a good blend given the price advantage. A shirt made of 100 per cent cotton would cost about Rs 600 while that in polyester Rs 350-400.
With the sharp rise in cotton prices, textile manufacturers have shifted their focus to ramping up polyester yarn production capacity.
Alok Industries, a leading integrated textile company, plans to double its polyester yarn capacity to 1,200 tonnes a day by March at an investment of Rs 800 crore.
Mr Sunil O. Khandelwal, Chief Financial Officer, said the company had foreseen the shortage of natural fibre cotton and would begin increasing polyester yarn production from next month.
Similarly, Ganesh Polytex, which produces polyester staple fibre by recycling plastic pet bottles, plans to increase its processing capacity by 15,000 tonnes to 72,000 tpa. As part of its forward integration plans, the company is also putting up 25,000 spindles to produce polyester yarn at its existing Bilaspur plant in Chhattisgarh. This will involve an investment of Rs 125 crore.
Mr Gopal Agarwal, Chief Financial Officer, said Ganesh Polytex would tap the Centre-sponsored Technology Upgradation Fund (TUF) scheme for the spindles.
The price gap between cotton and polyester yarn has widened in the last few months with demand for the former increasing substantially on the back of a lower-than-expected crop this season, said Mr Khandelwal. Cotton yarn of 40s counts currently trades at Rs 260 a kg while polyester yarn of 80-denier is priced at Rs 110-115 a kg. Cotton prices are expected to stabilise by mid-January with arrivals improving. The most popular variety, Shankar-6, may fall from Rs 41,000 to Rs 37,000-38,000 a candy as supply improves.
More than the fall in production, the uncertain Government policy on cotton has made it difficult for companies to plan their future, said an analyst. The textile industry's shift to polyester has pushed up the prices of the key raw material, PTMEG (poly tetra methylene ether glycol), but this has been moderate compared to cotton, he said.
The fall in cotton production over the years has pushed up use of polyester by the textile sector. In the last decade, this has nearly doubled from 30 per cent to 55 per cent and expected to further increase to 70 per cent in the next five years, said Mr Khandelwal.
On the quality issue, he added, a fabric with 75 per cent polyester and 25 per cent cotton is considered a good blend given the price advantage. A shirt made of 100 per cent cotton would cost about Rs 600 while that in polyester Rs 350-400.
Cotton price in 2011
Cotton stable on lower offtake by exporters
Our Correspondent
Rajkot, Jan. 3
Cotton prices remain unchanged on the first day of the week as demand from export side is still below expectations. At present, south Indian mills are buying according to their requirement.
On Monday, Gujarat Sankar-6 variety cotton was traded on Rs 42,700-43,000 a candy of 356 kg, while raw cotton price was quoted Rs 900-940 for a maund of 20 kg. In Rajkot Agricultural Produce Marketing Committee (APMC) yard, 25,000-30,000 maund raw cotton arrived and price was Rs 885-930, Jasdan arrival was 10,000-15,000 maunds and price Rs 850-935, at Botad 35,000 maunds arrived and price Rs 895-951.
According to market sources,exporters have 15 lakh bales stock on hands. A Rajkot-based broker, Mr Avadhesbhai Sejpal, said: “For some time, cotton price will remain stable as demand and supply is equal. Cotton may increase after a month or if government will allow more export.”
Arrivals are lower as the gap between second and third flowering of cotton crop is short. But it will be normal within a short period, said traders.
In Andhra Pradesh, cotton prices ruled steady with arrivals being lower than Saturday.
In Adilabad, prices ruled above Rs 4,200 a quintal, while they were a tad lower in Guntur.
In Khamman, too, prices were firm, while rates were above Rs 4,500 in Khamman district.
Rajkot, Jan. 3
Cotton prices remain unchanged on the first day of the week as demand from export side is still below expectations. At present, south Indian mills are buying according to their requirement.
On Monday, Gujarat Sankar-6 variety cotton was traded on Rs 42,700-43,000 a candy of 356 kg, while raw cotton price was quoted Rs 900-940 for a maund of 20 kg. In Rajkot Agricultural Produce Marketing Committee (APMC) yard, 25,000-30,000 maund raw cotton arrived and price was Rs 885-930, Jasdan arrival was 10,000-15,000 maunds and price Rs 850-935, at Botad 35,000 maunds arrived and price Rs 895-951.
According to market sources,exporters have 15 lakh bales stock on hands. A Rajkot-based broker, Mr Avadhesbhai Sejpal, said: “For some time, cotton price will remain stable as demand and supply is equal. Cotton may increase after a month or if government will allow more export.”
Arrivals are lower as the gap between second and third flowering of cotton crop is short. But it will be normal within a short period, said traders.
In Andhra Pradesh, cotton prices ruled steady with arrivals being lower than Saturday.
In Adilabad, prices ruled above Rs 4,200 a quintal, while they were a tad lower in Guntur.
In Khamman, too, prices were firm, while rates were above Rs 4,500 in Khamman district.
2010 textile initiatives for weavers
| • National Textile Corporation: Out of 24 mills identified for revival, NTC has already completed modernisation of 18 mills. These mills are now making cash profit and working towards operational profits. The Company has generated Rs 5178.92 crore by sale of surplus land/assets as on 1.11.2010. Net worth of the company has become positive. The Company is now looking forward to explore new areas such as technical textiles for which requisite approval is required. For the first time in the history of NTC, online e-auction of sale of surplus land of two mills in Mumbai was conducted recently and has fetched Rs 1,979 crore against reserved price of Rs 1,000 crore . Revival of National Jute Manufacturers Corporation (NJMC): The Government has approved a revival package of Rs 1562.98 crore and waiver of Rs 6815 Crore of outstanding loans & interest to NJMC to enable the revival of the company. Technology Up gradation Fund Scheme (TUFS) : During the last two years Rs 3,458 crore ( Rs 2,546cr in 2009 and Rs 912 cr in 2010) has been disbursed to beneficiaries directly. The Ministry is examining the possibilities of revising the Scheme and would approach the Cabinet for its approval. Two Maga Handloom Clusters at Murshidabad in West Bengal and Viruddhanagar in Tamil Nadu has been sanctioned during 2010-11. During the current year , it is proposed to conduct more than 650 events , generating more than Rs 400 crore . So far , more than 225 events have been organised. Draft Fibre Policy has been prepared after consultation with all stakeholders and the Ministry would be seeking Cabinet approval in the coming months. Knitwear Technology Mission at a cost of Rs 5 Crore has been established at Tirupur for enhancing capacities and expertise in the knitwear sector. A Mega Cluster for Powerloom in Bhilwara in Rajasthan and a Carpet Cluster at Srinagar sanctioned during 2010-11. Rs 200 crore as one time grant given for Zero Liquid Discharge Effluent Treatment Plant established by Tirupur Knitwear Industry. | ||
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2010 Textile initiative for weavers I
| Major initiatives of Ministry of Textiles during 2010 | |||||
| January 04, 2011 (India) | |||||
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The Ministry of Textiles took several new initiatives during 2010 to achieve faster and inclusive growth and participatory development. Major policy initiatives taken by the Ministry are as under: Scheme for Integrated Textile Parks: 40 Parks have been sanctioned till date in nine states, with total project cost of about Rs 4141 crore with Government contribution of Rs 1425 crore. When fully functional the Parks would have an investment of Rs 19,500 crore and provide employment to more than 8 lakh persons. Taking into account the success of the Scheme, the Government has approved sanction of new Parks during the 11th Plan with a financial liability of Rs 200 crore and given permission to carry forward liability of these new Parks into the 12th Plan up to Rs 200 crore. With a view to refreshing investor memory about the contours of the Scheme and inviting investment, a series of “Road Shows” were organised at Chennai, Bengaluru, Hyderabad, Ahmedabad and Mumbai. During these shows several Expression of Interest were received. A few Parks are likely to be sanctioned by March 2011. Integrated Skill Development Scheme: In the line with the Policy Announcement of the Government, in the Current Five Year Plan, the Government has launched the Integrated Skill Development Scheme for the Textiles & Apparel Sector, including Jute & Handicrafts., with an objective of capacity building of Institutions providing skill development & training in Textiles Sector. Under this Scheme, the Government has envisaged skill development of 27 lakh persons with overall costs of Rs 2360 crore over the next five years. Under the Scheme, the first project of Ministry the Apparel Training Development Centre has been launched for manufacturing of Apparel through Research & Training workforce Training Programme in Tamil Nadu in October this year. The total cost of the project is Rs 29.59 crore of which Government of India would be funding Rs 20.40 crore. Cotton –Policy interventions in Cotton season 2010-11: • Registration of cotton export contracts would commence from October 1, 2010 • Actual exports would commence from November 1, 2010. • The exportable surplus is identified as 55 lakh bales. • There would be no registration after the exportable surplus is registered. Cotton Yarn- Policy interventions: • Hank Yarn obligation expanded from 40s count to 80s counts w e f 31.3.2010. • The 7.67 percent DEPB incentive on cotton Yarn exports was withdrawn w e f April 21, 2010. • Duty Drawback on cotton yarn was withdrawn w e f 29.4.2010. • Strict monitoring of hank yarn obligation started from 1.4.2010. • Registration of cotton yarn export with office of the Textiles Commissioner was made mandatory w e f 9.4.2010. • Cotton Yarn Advisory Board has been constituted to monitor the domestic and international prices of cotton yarn. • There will be no registration of cotton yarn exports beyond 720 million kgs. | |||||
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Tamilnadu Election 2011 date Announcement
தமிழக சட்டசபையின் ஆயுட்காலம் மே 16ம் தேதி முடிவடைகிறது. அடுத்த சில நாட்களில் புதுச்சேரி, கேரளா மற்றும் அஸ்ஸாம் மாநில சட்டசபைகளின் ஆயுட்காலம் முடிவடைகிறது. ஜூன் மாதத்தி்ல மேற்கு வங்க சட்டசபை காலம் முடிவடைகிறது.
இதையடுத்து இந்த மாநிலங்களில் தேர்தல் நடத்துவதற்கான பூர்வாங்கப் பணிகளை தேர்தல் ஆணையம் மேற்கொண்டு வருகிறது.
தற்போது தேர்தல் தேதியை இறுதி செய்வதற்கான கட்டத்திற்கு தேர்தல் ஆணையம் வந்து விட்டது. இதுதொடர்பாக தமிழகம், புதுச்சேரி, கேரளாவில் ஆலோசனைகளை நடத்தி முடித்து விட்டது. அடுத்து அஸ்ஸாம், மேற்கு வங்கத்தில் ஆலோசனைகள் நடைபெறவுள்ளன.
இதைத் தொடர்ந்து இன்னும் ஒரு வாரத்திற்குள் தமிழகம், கேரளம், புதுச்சேரி மாநில சட்டசபைத் தேர்தலுக்கான தேதிகள் அறிவிக்கப்படலாம் என்று தெரிகிறது.
தமிழகத்திலும், புதுச்சேரியிலும் ஒரே நாளில் ஒரே கட்டமாக தேர்தல் நடைபெறும் என்று தெரிகிறது. தமிழகம், புதுச்சேரி, கேரளா, அஸ்ஸாம் மாநிலங்களில் மே மாதத்தில் தேர்தல் நடத்தப்படும் என்றும், ஜூன் மாதத்தில் மேற்கு வங்கத்தில் தேர்தல் நடைபெறலாம் என்றும் எதிர்பார்க்கப்படுகிறது.
3 Years old Girls achievment
She says MCP exams measure the ability to perform specific, real world job functions or set of tasks.
They also deal with installing, configuring and administering Windows XP.
“I broke the world record set by a 10-year-old Pakistani girl, Arfa Karim Randhawa, as the world’s youngest MCP professional, as I am only eight years old,” she says in all innocence.
When she was in Std. II, she joined a one-year multi-media course that made her well-versed in animation, Corel Draw, Photoshop, Illustrator, Flash, Dream Weaver and Web Designing.
Awards & Achievements
Limca Book of World Record Holder, equivalent to Guinness Book of World Records, at the tender age of 3 for her photographic memory.
National Child Award for Exceptional Achievement, 2006, for Lavinashree’s exceptional ability in the field of recitation of 1330 Thirukural, conferred by the Government of India.
Guinness Records
Details
The fastest 10 m carrying a table with weight in the mouth was 6.57 seconds and was acheived by Georges Christen (Luxembourg) on the set of Zheng Da Zong Yi - Guinness World Records Special in Beijing, China, on 18 June 2009.Digital Pen & Scanner
date: 05/01/2011
Digital Pen
A digital pen is one of the new electronic inventions that can help us record information.
Despite the digital age, we still use pens. But it would be great to have our handwritten notes and drawings digitally recorded without having to use a scanner.
The Zpen from Dane-Elec is a wireless pen that uses a clip-on receiver to digitally record what you write.
It uploads the information to your computer where it can be viewed, edited and filed as a word processing document.
The digital pen utilizes character recognition software and works by recording movement. Features include profile creation, a dictionary and fifteen language options.
Digital Pen
A digital pen is one of the new electronic inventions that can help us record information.
Despite the digital age, we still use pens. But it would be great to have our handwritten notes and drawings digitally recorded without having to use a scanner.
The Zpen from Dane-Elec is a wireless pen that uses a clip-on receiver to digitally record what you write. It uploads the information to your computer where it can be viewed, edited and filed as a word processing document.
The digital pen utilizes character recognition software and works by recording movement. Features include profile creation, a dictionary and fifteen language options.
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