Gujarat accounts for 12% of the apparels exported from India. Manufacturers also indicated that they are facing stiff competition from their counterparts in Bangladesh and Vietnam according to data provided by Apparel Exports Promotion Council (AEPC).
The final closing is planned for the end of the third quarter of this year. The Austrian Starlinger Group based in Vienna will take over the German business unit from Chemnitz also known under the brand name ‘Barmag Spinnzwirn’. Both parties have agreed to not disclose the purchase price. The purchase contract was signed accordingly by both companies this week.
The Materials Chemicals Performance Intermediaries (MCPI) Private Limited has evinced interest in setting up a polyester continuous polymerisation and allied yarn project at the textile park in Bhadrak district. The company has submitted an investment proposal of `1,000 crore to the State Government through the online portal Government of Odisha Single Window for Investor Facilitation and Tracking (GO-SWIFT) seeking an early approval of the project.
Relaince Industries Ltd. CEO (textiles business) Pradeep Bhandari announced that the US Patent & Trademark Office has granted patent to its textile brand ‘Only Vimal’. The patent is for its DEO2 process technology that helps fight perspiration odour.
He said that the US patent award is a testimony to their thrust on the technological innovation. Their textile manufacturing processes are amongst the best technologically and innovative process available globally.
HeiQ Materials AG, a Swiss textile technology innovator based on its recently developed and patented manufacturing technology platform for short polymer fibers a perfect treatment for the fashion industry now brings the revolutionary textile finishing technology “HeiQ Real Silk” to market.
With “HeiQ Real Silk” the key properties of silk are replicated by applying a minute amount of this precious natural raw material to the surface of any fabric. “HeiQ Real Silk” finish for any fabric type
During January 2015 over 35 million kg of filament yarns (all types) were exported to 87 countries. These include polyester, nylon, polypropylene and viscose filament yarns. Close to 95 per cent of all filament yarns was of polyester, of which, DTYs were the largest at 76 per cent.
Union Finance Minister Arun Jaitley, who will present his first full year budget on February 28, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years, earlier this month Jaitley had said that the overall economic situation in the country is looking better and added that basic parameters of the Indian economy are moving in the right direction.
The Gujarat textile manufacturers are looking ahead to tax cuts in the Union Budget which will help the industry come out of its current crisis.
Argar Srl manufacture in Italy knitted fabrics and accessories addressed to the production of individual protection garments for professional, technical and sports purposes. Its technology specializing in research and development has developed Tes-firESD-HV, a new range of protective knitted fabrics featuring intrinsic flame retardant, antistatic, arc flash protection functional specification, with an addition of High Visibility property.
The Surat Art Silk Cloth Manufacturers Association (SASCMA) celebrated its 60 years of establishment. SASCMA was established in 1955 with an objective to represent the cause of the industry before central and state government to jointly carry out the purchases of raw materials for needy members, to educate members about emerging trends in technology in machinery and raw materials and to promote the industry in general.
The Russian nonwovens and technical textiles industries volume of production during the period January-October has declined by about 15 percent compared to the same period last year, due to the ongoing currency jumps; the ever growing volume of illegal re-exports of technical textiles and nonwovens to Russia through the other countries of the Customs Union, and in particular Kazakhstan and Belarus; volatile commodity prices and the high level of depreciation of equipment at the majority of the industry’s enterprises might put the industry in tight spot.
