January 23, 2019 11:41 pm
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The United States is currently engaged in ongoing trade wars with China that have affected a wide variety of industries, including the textiles and apparel industries. It began in July 2018, when President Donald Trump imposed a 25 percent border tax on about $34 billion worth of goods being imported from China. China retaliated soon thereafter, implementing a 25 percent tariff of its own on $34 billion worth of American products, such as cotton linters, soybeans, lobsters, automobiles and uncombed cotton. The federal government’s reasoning for implementing the initial tax on Chinese products was to punish the nation for trade... View Article
January 10, 2019 6:53 pm
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An important part of the manufacturing business is managing costs. This can be done in a variety of ways, but tracking inventory is an important aspect. Those who deal with cotton gin parts in Lubbock, TX often have to consider rising prices as they place value on their inventory. How this is done greatly affects costs, revenue and taxes. When prices are on the rise, consider the following methods of evaluating inventory. A quick consultation with your accountant can help you determine which method is best for your business. LIFO Last-in, first-out, abbreviated LIFO, is a common costing method. As... View Article
December 27, 2018 6:53 pm
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Will you be operating heavy equipment this winter? Do you know the proper safety precautions to take during cold weather? Mechanical bearings in Lubbock, TX and other equipment components often behave differently in frigid temperatures than they do in warmer weather. With this in mind, it’s important to recognize potential risks and take action to reduce them. To stay safe this winter, use the following cold weather tips. These will help you maximize your work efficiency and minimize your risk: Protect skin from cold burns: Metal components can become quite cold in freezing temperatures. Avoid grabbing handrails or other metal... View Article
December 13, 2018 11:02 pm
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Take a quick glance around your room and take note of everything that is made of fabric or cloth. Curtains, upholstery, bedding, clothing, towels—and the list goes on! Textiles of every sort can be found in every room. Fabric and cloth are a major component of our lives, which is why choosing the right fabrics is so important. If you look at the tags on the cloth items in your home, you will probably find that they are not all made of the same materials. Textiles are made from many different types of materials, but they can be broken down... View Article
November 29, 2018 11:02 pm
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According to the National Council of Textile Organizations (NCTO), as of 2017, the value of the U.S. textile, man-made fiber filament and apparel shipments totaled an estimated $77.9 billion. Out of this total, cotton and wool made up about $5.9 billion. In fact, in 2016, the U.S. was the world’s fourth largest country exporter of fiber, yarn, fabric and non-apparel sewn products. So how did the U.S. become so well-positioned in the textile market? Well, our country has had a long history in the textile industry. As your local source for cotton gin parts in Texas for the past 75... View Article
