Home / Knowledge / News / Textiles / UK's Leeds Group to benefit from low cotton prices
UK's Leeds Group to benefit from low cotton prices
13
Jan '12
Leeds Group Plc, the UK-based company engaged in textile processing, specializing in fabric printing and yarn dyeing, is expecting a better performance owing to recent decline in prices of cotton.

However, the company added that the economic situation still remains grim and customers are buying less fabric than usual this year.

The prices of cotton grew more than 100 percent to reach a record high nearly six months ago. Although the prices have not declined to prior levels, they have declined considerably and the Leeds Group expects this would increase demand and volumes will return to normal.

Hemmers Europe, the Germany-based subsidiary of the Group, saw sales declining by about 20 percent year-on-year during the past few months because of high price of cotton products and less consumer spending.

To preserve margins, Hemmers hiked the sale price of its fabrics and the company was able to post revenues at last year's levels.

In the six months ending November 30, 2011, the revenues of Leeds Group remained flat at £14.7million, while its pre-tax profits surged from £240,000 to £700,000 because of decrease in overhead expense levels and distribution costs.

Leeds Group mainly supplies its fabrics to clothing manufacturers, small wholesalers, German supermarkets and retail outlets.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search