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WestPoint Home to invest $9m in Bahrain manufacturing unit

westpointGlobal manufacturer and marketer of home products WestPoint Home (WPH) has announced its decision to invest US $ 9 million for the third-phase expansion of its manufacturing complex in Bahrain.

With this, the company will have invested more than $25 million in expanding capacity, capabilities and environmental projects over the past three years, including weaving, spinning projects, expansion of automatic and manual sewing and embroidery work, the company said in a statement.

The company announced the expansion plans after a recently held meeting between WPH senior officials and the Minister of Industry, Commerce and Tourism, Zayed R Alzayani. Issues discussed at the meeting included measures to mitigate the impact of expiration of Tariff Preference Level (TPL), which allows duty-free access for textile exports from Bahrain to the US.

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Normand Savaria, president and CEO, WPH, said, “The third-phase expansion project will increase the spinning capacity by 38 per cent. Spinning more yarn in Bahrain will decrease lead times, increase flexibility and will, along with other initiatives that would help mitigate the impact of the anticipated TPL expiration in mid-2016 and allow the company to continue to import Bahrain-manufactured textile products into the US duty free,” WestPoint Home, headquartered in New York City, manufactures and sells products that includes towels, fashion bedding, sheets, comforters, blankets, mattress pads, pillow to globally to leading retail and hospitality customers under popular owned brands, including Martex, Vellux, Grand Patrician, Patrician, Luxor, Utica, Modern Living and Nostalgia and under licensing agreements, with brands such as Rachel Ashwell, Southern Tide, Izod, Jill Rosenwald, Collier Campbell, Portico, Under the Canopy, Amy Sia, Bini Chic, Dena Home and Haute Girls, Downtown Abbey, Kathy Davis and Shell Rummel.

 

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MRS Fashions scales up its area leased by 22 per cent

Image Courtesy: i.ytimg.com
                       Image Courtesy: i.ytimg.com

Bahrain-based modular industrial leasing complex company Baytik Industrial Oasis Company (BIO) has expanded the space leased out to MRS Fashions (MRS), by 2,200sqm. This is a 22 per cent increase over the 9,600sqm leased under the previous agreement. The new deal paves the way for MRS, part of Hong Kong-based Must Garment Corporation, to grow its operations and increase the benefits it receives from its location at BIO. This includes access to high quality manufacturing space, low upfront investment costs, and close proximity to the Khalifa Bin Salman Port and Bahrain International Airport. The agreement was signed between BIO chairman Osama Al Khajah and MRS executive director Harinder Lamba in the presence of senior officials, as well as representatives from CBRE, BIO’s leasing agent.

 

US-Bahrain FTA extended temporarily

Image courtesy: cerasis.com
                     Image courtesy: cerasis.com

The 10-year-old US-Bahrain Free Trade Agreement (FTA) has been extended temporarily since the programme was not initiated until August 2006, and therefore the 10-year programme should be set to expire on July 31, 2016 and not December 31, 2015. Once the FTA terminates, all trade under the Bahrain FTA must adhere to the yarn forward rule i.e. Bahrain-based textile exporters will no longer be able to export their products to the USA duty-free, unless they can prove that all the constituent parts ‘from the yarn to the fabric to the thread’ are made by either the USA or Bahrain.

 

AmCham panel discussion highlights US-Bahrain FTA benefits

AmCham panel discussion highlights US-Bahrain FTA benefits
       Image courtesy: lh3.googleusercontent.com

A panel discussion by the American Chamber of Commerce Bahrain (AmCham Bahrain) highlighting the benefits of the FTA between US and Bahrain which was held recently at the Bahrain International Exhibition and Convention Centre. The FTA allows foreign investors in manufacturing units in Bahrain duty-free access to the US market, provided they add 35 per cent domestic content in the country. 

Bahraini manufactured goods which qualify under the agreement will afford buyers considerable cost savings in terms of import duty and hence will be more competitive.  Qays Hatim Zu’bi, AmCham Bahrain President said that while the FTA has certainly boosted trade between the US and Bahrain, it is widely felt that the agreement can be better utilised by more companies, especially small and medium enterprises (SMEs). “AmCham is now looking to raise awareness and help SMEs better understand the process for using the FTA by connecting them to available resources both in Bahrain and the US,” he added.

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Orta develops Incolor using Lenzing Modal COLOR fibers

Orta develops Incolor using Lenzing Modal COLOR fibers
                  Image courtesy: textileexchange.org

Orta,considered as one of the top denim mills in the world has in constant pursuit to evolve faster to satisty the ever-changing and competitive market, developed a lot of innovative technical advancements including equipment and fiber. The latest in fiber advancements is called “Incolor”. “Incolor” uses Lenzing Modal® COLOR fibers that create a new story in fashion as well as sustainability for the consumer. Luxurious fibers, softest touch, stay-true colors and drape allow for the most comfortable jeans and the new fashion silhouettes that make it a versatile fabric made with purpose.