In a spinning mill it is very important to maintain the spindle utilization at high levels. During the periods of power cut, in order to maintain the higher spindle utilization, mills have to use captive power. 
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Preliminary year-end 2008 figures for Italy’s textile machinery industry register a 18% drop in production compared to the previous year, with a total production value estimated at 2,285 billion Euros. This decline affects both Italy’s domestic market and export sales.
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According to Mr Ajith Dias, President, Joint apparels association Forum, around 40,000 workers have already been laid off in the garment industry, with around 50 units downing their shutters, but the unions do not seem to be still living in a fairyland, since they are still not able to grasp the full impact and reality of the global crisis.
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Team China, a wholly-owned subsidiary of the Symphony Holdings Limited, entered into a Joint Venture Agreement with Toyota Tsusho for the establishment of a Joint Venture Company, JFT Holdings relating to the distribution and retailing of well-known brands which are mainly originated from Japan, Europe and the United States of America in the Greater China. Since the Company’s total contribution to the Joint Venture Company is HK$42,000,000.00 and the applicable percentage ratio exceeds 5% but is less than 25%, the formation of the Joint Venture Company constitutes a discloseable transaction for the Company under Rule 14.06(2) of the Listing Rules.
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Bangladesh clothing brands are flourishing on the back of increasing demand from domestic buyers, said major brand operators.
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