ICA celebrates 175th anniversary on April 2
The International Cotton Association (ICA) will celebrate its 175th anniversary on April 2, 2016, which it considers as a significant milestone for the association and the entire cotton trade.
To commemorate the anniversary, a new book written by archivist, Vincent McKernan - The Story of Cotton is in production and contains stunning photographs and fascinating stories from the cotton archives.
“Due for publication this October, to coincide with the ICA's annual trade event, ICA is providing a sneak preview of the book by sharing a series of extracts from its pages,” an ICA press release stated.
“This book is the story of how a small organisation of brokers was transformed into the largest and most important cotton association in the world,” the book's author, Vincent McKernan said.
“That story cannot be properly understood without putting it into its historical context; and that context includes some of the most momentous events in world history,” he added.
“This story of cotton is set against the backdrop of the Industrial Revolution, the transport revolutions in rail and steam ship, the transatlantic slave trade, the American Civil War, and World Wars I and II,” McKernan stated.
“All have played their part in shaping today's ICA and is a fascinating story and one that deserves to be shared and recorded for future generations in this way,” he observed.
The ICA, formerly the Liverpool Cotton Association, has a history that dates as far back as the mid-1700s when the first-ever cotton auction in Liverpool was recorded.
The association was officially formed on April 2, 1841, when a group of 90 firms banded together to create a set of bylaws and rules to help regulate the sale and purchase of raw cotton.
“175 years later, the majority of the world's raw cotton continues to be traded under ICA bylaws and rules,” ICA explained.
The association now has more than 550 members from all over the world, representing every sector of the cotton supply chain and the book pays tribute to these members, past and present.
ICA managing director Kai Hughes said, “The book is not just a history of important events, it is the actions of our members, in light of those events, which has determined the longevity of our association.”
“And almost two centuries on, one constant thread has been the remarkable ability of the members to work together, to react to new challenges, to make the most of events, to adapt, survive and prosper,” Hughes added.
ICA's current president, Jean-Marc Derossis said, “It is a great honour for me to be President during such an historic milestone and our anniversary on April 2 marks the start of a very exciting time for the ICA.” (AR)
Fibre2Fashion News Desk – India