>>
Home / Knowledge / News / Textiles / Global crisis fails to daunt organic cotton market - Hayleys MGT

Global crisis fails to daunt organic cotton market - Hayleys MGT

13
Dec '08
Mr Bandula Weerasinghe, Joint Managing Director, Hayleys MGT
The global economic downturn has affected most of the industries across the world in a profound way. High inflation rate and slow industrial growth has left textile manufacturers in a miserable state, thus undermining the actual potential of the sector.

Mr Bandula Weerasinghe, Joint Managing Director, Hayleys MGT, Committee Member, Hayleys PLC, shared his observation with Fibre2fashion.com, on the current developments and happenings in natural fibre market world over.

“The current market on apparel is crashing due to lack of demand, especially in Europe and USA markets. With respect to knitted fabric, the demand on fabric made out of natural fibres, are more sustainable than that of synthetic fibres. However there will be a significant shrink in over all demand due to commodity price crashing.”

Mr Weerasinghe extending further stated, “The sustainability of natural fibre fabric on global market is mainly because firstly there is a huge concern by the consumer on value stream as to how people in cotton industry are benefited compared to the people working in the synthetic fibre manufacturing. Thus retailer of the high end market is concerned on the income generated by cotton growers in under-developed countries and the articles manufactured from fare trade cotton are been marketed despite the lower margins generated by them.

“Secondly, the concerns on chemical, fertiliser usage and climate change, green house gases are dragging consumer from man made fibres to organic cotton. Therefore the organic cotton market is still unshaken despite the global economical crisis. In addition, markets are getting adapted on high quality cotton fabric from expansive cotton fibres than adding value on cotton materials such as mercerising.”

Concluding in the context of domestic industry, Mr Weerasinghe notes, "Since there is no cotton farming in Sri Lanka, the only fibre business, the coir industry that has a thriving past, is currently suffering due to the global economical crisis."

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Anupam Bansal,

Anupam Bansal

Liberty Shoes has been fashioning footwear for well over 65 years now, for ...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Anna Yang, Label - Annakiki

Anna Yang
Label - Annakiki

Anna Yang is founder of brand Annakiki that explores a surrealist fantasy. ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

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

Leave your Comments

ESTEEMED CLIENTS

Comasia Limited
Palexpo SA
Aquarelle Clothing Limited
PVH Corporation
Jindal Worldwide Limited
Thai Trade Center
Walmart
Istanbul Fuarcilik A.S.
Decathlon
Eurofins BLC Leather Technology Centre Ltd
Sportmaster Ltd.
Marzoli Machines Textile s.r.l.
Equinox Impex India
KIABI
T.T. Limited
TESTEX AG, Swiss Textile Testing Institute
Tradewind International Servicing
China World International Exhibition Company Limited
IFF Media Ag - International Media Services
Eastman Chemical Company
COTTON COUNCIL INTERNATIONAL
Vardhman Textile Ltd
Inter Expo Center Ltd.
Centric Software
Color Service s.r.l.
MAS Active / MAS Kreeda / MAS Bodyline
The LYCRA Company Singapore  Pte. Ltd
Itema Weaving (India) Private Limited
Seasalt Limited
CGS Inc.
Hela Clothing Pvt Ltd
Indofil Industries Limited - Specialty & Performance Chemicals Division
Brückner Trockentechnik GmbH & Co. KG
Aleph Srl
Performance Days
Green Fibre
Grasim Industries Limited
J ;& P Coats
Helly Hansen Far East Ltd
G-Star Raw C.V.
THE BOMBAY DYEING ;& MFG.CO. LTD
Newtech Textile Technology Development (Shanghai) Company Limited
BTSR International S.P.A.
Colours India Inc
Copenhagen Fashion Summit
Splash
C;&A Sourcing International Ltd
Pt. Peraga Nusantara Jaya Sakti
Tuyap Tum Fuarcilik Yapim A.S.
Tory Burch Hong Kong Ltd
Italian Trade Commission
Etam Group Strategy Hong Kong Limited
VNU Exhibitions Asia
Midas Clothing Limited
Calvin Klein
Babyshop
TEXVALLEY MARKET LIMITED
Savio Macchine Tessili S.P.A.
Meera Dyestuff Industries
Rieter India Private Limited
Kern – Liebers Textile
John Varvatos
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
International Sourcing Expo Australia
Groz-Beckert East Asia LLP
Boardriders Asia Sourcing Limited
Lifestyle
Hirdaramani International Export Private Limited
Thermore (Far East) Ltd.
Lacoste (Wanchai)
Rosset ;& Cia Limited
Guess Europe Sagl,
EUROVET ASIA LTD
CSGIA(China Screen Printing & Graphic Imaging Association)
Huntsman (Singapore) Pte Ltd
Nandan Denim Limited
Weitmann & Konrad GmbH & Co. KG
H. Stoll AG & Company KG
K AND D ITMACH EXPOSITIONS LLP
Kornit Digital Asia Pacific Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Officina Meccanica Dora Enrico Srl
Haelixa AG
Alison Hayes Romania
Stahl Holdings B.V.,
IIGM Private Limited
Lottmann Communications
BIANCA
Rayonese Textile Inc., Division de Culp Inc.
Zydex Industries
BRINKMANN GMBH
Benetton Group
Karl Mayer Textilmaschinenfabrik GmbH
Nihalani Events Management
Sateri (Jiujiang) Fiber Co.,Ltd
SHAHI Exports Pvt Ltd
Woolmark Services India Pvt. Ltd.
Shanghai  Aige Exhibition Service Co., Ltd
Loris Bellini S.r.l.
KAS Direct Sourcing
IDH – The Sustainable Trade Initiative
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
BTC Textiles LLC
Flainox S.r.l.
TÜYAP IHTISAS FUARLARI A.S.
Vianney Textil Hogar S.A. De C.V.
Shima Seiki Mfg. Ltd.
Abit
Mesdan SPA
NV Michel Van de Wiele
Chori Company Limited
Lululemon Athletica Inc
Applied DNA Sciences Inc
Varner AS Retail
Taiwan Textile Federation (TTF)
GIOVANNI BOZZETTO S.p.A.
NITI Aayog
Gloria Jeans
ITMA Services Pte Ltd
Datacolor AG Europe
FESPA (Reigate)
GERBER TECHNOLOGY LTD.
Thai Acrylic Fibre Company Limited
Groz-Beckert KG
Brandix Lanka Limited
Tchibo GmbH
Lisa S.P.A.
Lenzing Aktiengesellschaft
UBM China (Shanghai)
Messe Duesseldorf
Maceton Limited
Restoque S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Alix Partners
EPCH
Amazon China
Truetzschler India Private Limited
FULGAR SpA
Target Corporation (MN)
LC Waikiki
Indo Tex
Asos
Gatsby Africa
N9 World Technologies Private Limited
GHCL LIMITED
H;&M Hennes ;& Mauritz (Far East) Ltd
Page Industries Limited (Bangalore)
Aramark Uniform ;& Career Apparel, LLC
Arvind Limited
ZAITEX spa
Bluesign Technologies Ag
Saurer Textile Solutions Pvt. Ltd.
Recron Polyester from Reliance Industries Limited
Bluestem Global Sourcing Limited
SYNERGIES HONG KONG LIMITED
Reiter India Private Limited
Gokaldas Exports Limited
X-Rite Asia Pacific Limited (HK)
Tommy Hilfiger
Messe Frankfurt Exhibition GmbH
Sportswear Company Spa
Desigual - ABASIC, S.A.
BIMBA ;& LOLA SL
Gap International Sourcing Limited
IKEA of Sweden AB
DuPont de Nemours, Inc.,
Datatex Consulting Srl
JES MEDIA, INC
USTER
Infor (Hong Kong) Limited
Lectra Technologies India Pvt Ltd.
APLF Limited
Lenzing Aktiengesellschaft - India
Sainsbury's Argos Asia Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
International Textile Manufacturers Federation
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Puma
Coats Digital Limited
Recron Polyester from Reliance Industries Limited
G.A.S. unternehmenskommunikation gmbh
Under Armour Global Sourcing Ltd
The Top Form Brassiere Manufacturing Company Limited
Dow Silicones Corporation
Zünd Systemtechnik AG
OVS Hong Kong Sourcing Ltd.
The LYCRA Company Singapore  Pte. Ltd
EMBEE CORPORATION
DyStar India Pvt. Ltd
Landmark Group
Mayer & Cie. GmbH & Co. KG
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Xtema - Thomas Lebherz Textilmaschinen
Phong Phu international JSC (PPJ)
TESCO INTERNATIONAL SOURCING LIMITED
Chico’ FAS
Esprit Europe Services GmbH
Cat Tuong Real Estate Group Joint Stock Company

May 2022

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


Advanced Search