Century Enka Limited (CEL) is part of of B.K. Birla group of companies has reported a standalone sales turnover of Rs 345.16 crore and a net profit of Rs 14.71 crore for the quarter ended Dec '13. Other income for the quarter was Rs 3.98 crore. Century Enka shares closed at 137.40 on January 29, 2014 (NSE) and has given 30.05% returns over the last 6 months and 15.37% over the last 12 months.
Pakistan government likely to restore Ministry of Textile industry in coming days, to take full advantage of GSP plus status also as the textile industry circles had been agitating against the merger of textile ministry with the commerce ministry, saying that both India and Bangladesh had also merged their textile ministries with commerce ministry but they too ultimately restored its status.
The Nigerian Federal Ministry of Agriculture and Rural Development urged to empower cotton farmers the way it did cassava and rice farmers so that the crop would get a boost.
Pankaj Chawla, Regional Manager, West Africa Cotton Company (WACOT) said that until the end of the value chain was fixed, the crop might take a long way to achieve its value. Cassava farmers are getting their returns because the end of the value chain has been fixed.
Textile mills have increased yarn prices by Rs 5 per kg for all counts from January 20. Garment manufacturers say that mills are planning to hike it further from the beginning of next month. The Tirupur Exporters' Association (TEA) has urged textile mills to rollback the increase in yarn prices. Mills however defended the move citing high cotton prices.
Union Minister for Textiles K S Rao has announced 10 percent rebate on purchase of yarn, which was only available for handicraft sector, shall be now available on purchase of woollen yarn as well to promote handloom sector in the country.
Responding to the demand of handloom weavers, the announcement comes in, at the need of the hour to make handicraft market driven conforming to the fast changing consumer tastes and liking.
Union minister of textiles K S Rao inaugurated the 4th edition of the textiles fair 'Tex-Trends India–2014', one of Asia's largest textile shows. Maximum buyers from United States have registered for participating in 'Tex Trends India 2014', featuring over 380 exhibitors and displaying diverse range of products from the entire length and breadth of the country. More than 3,260 global buyers and 440 buying agents have registered for the fair so far.
A special brief was give to the Arunachal Pradesh Chief Minister Nabam Tuki and his Meghalaya counterpart Mukul Sangma on the benefits and potential of geo textiles, in the wake of a recent policy initiative by the central government to extend financial support to geo textile based projects to promote ecologically balanced techniques in various sectors ensuring minimum environmental impact.
Both the chief ministers were jointly briefed about on geo textiles based activities in the north eastern states by leading government and industry experts at New Delhi.
Two leading groups of industries joined hands to set up a textile technical training institute in the city. The PSG-SIMA Textile Technical Training Institute, the plaque for which was unveiled by union textile minister K Sambasiva Rao today, would offer a two-year programme for spinning technicians, textile mechatronics and weaving technicians, L Gopalakrishnan, Managing Trustee, PSG Institutions said.
The Union Minister of Textiles Dr. Kavuru Sambasiva Rao unveiled the Foundation Stone for the construction of a new block at the National Institute of Fashion Technology (NIFT) New Delhi Campus. The ceremony was graced by the presence of Smt. Panabaaka Lakshmi, Minister of State (Textiles), and Ms. Zohra Chatterji, IAS, Secretary (Textiles).
W.L. Gore & Associates Inc. Newark, Del.-based manufacturing company specializing in products derived from fluoropolymers. It has introduced an improved version of GORE-TEX®, its breathable, lightweight fabric that offers durable waterproof and windproof protection.
The light and fast Gore-Tex fabric, designed especially to offer comfortable performance in active wear, features a new technology that provides improved comfort by considerably reducing the build-up of sweat and moisture next to the skin during and after intense activity.
