Page 17 - April-May-2017

Industry 4.0, denim development

A session to be hosted by IAF

The International Apparel Federation (IAF) will be how it can actually be implemented by the clothing
hosting a session on Industry 4.0 and denim manufacturers, retailers and brands. Further will be
development at the Texprocess Symposium. IAF, addressed about how the star-ups are using the new
partnering with Messe Frankfurt has organized part of digital technologies to formulate new business AD
the four-day event that will start off from May 9, 2017. models and entice consumers.
At the same time a session will be organized to speak
about 'Implementing Industry 4.0 successfully in the IAF, on the last day of the event, will be hosting a
fashion industry'. session on 'Developments in denim and lessons for
the rest of the industry'. The audience will get the
To be held in Frankfurt, the symposium will also latest updates about innovation in materials and the
conduct three sub sessions where the IAF members way machinery is transforming the denim industry
and that panel will speak about the vitality of the and creating new value as well as sustainability in the
digitalization in the relevant industry and also about fashion world.

Pressure expected on profitability

of Indian yarn spinners

The profit hike of Indian yarn spinners is expected to come under pressure due to a number of circumstances
including increasing price of raw cotton, at the time when the cotton yarn demand is expected to remain
moderate. In such situations, the spinners may pay attention to reduce the utilization of capacity. Thus, the
profitability is likely to remain under pressure in the future as well.

Apart from profitability pressure, higher cotton prices will also lead to the higher working capital requirement
and in turn higher borrowing. According to the news resources, the cotton prices remained high due to low
domestic availability in the first half of 2016-17 and also because of the higher volume of exports. However, in
the last quarter of 2016-17 the domestic cotton prices averaged at Rs 120/kg up, 29% a year of year. Further, it
was also said that competitiveness of the polyester fiber enhanced as against that of cotton fiber, resulting in
5%, year over year growth in synthetic yarn production in the year 2017.