Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market. It is forecasted to grow at a CAGR of 14.02 per cent till 2018. It is expected to reach to $207.5 billion in 2015. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. China is leading in the field of textile exports today because they installed a large set-up for spinning and weaving industry. One of the major trends in the global textile machinery market is the growing number of technological innovations.
Month: November 2016
As one of the world’s leading weaving machine manufacturers, Picanol has always had a very close relationship with the Chinese textile industry. This relationship is not a matter of chance or coincidental developments: on the contrary, it is the result of long-term, strategic planning by the Picanol management.
Santex Rimar Group’s weaving division will be present at ITMA Asia in Shanghai with a Terry Jaquard loom under SMIT brand for first rate terry towels productions.
Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. He succeeds Rohit Aggarwal who was appointed President of Textile Effects Division in July this year.
Dr.-Ing. Dr. h.c. (University of Technology Chernihiv) Klaus Schäfer is finally retiring from the company and will be taken over by Jochen Adler, who has headed up the Development Project Management at the manmade fiber systems market leader for the past 10 years.
Development of trade and investment cooperation between India and the Eurasian Economic Union (EAEU) is a key factor in their bilateral cooperation, said Alexander Tsybulski, Russian Deputy Minister of Economic Development.
Lenzing is presenting a new method for measuring softness in textiles, together with the German instrument manufacturer, Emtec Electronic.