The one-day Punjab Apparel and Textile Conclave proved to be beneficial for boosting investment in the state, as the government signed pacts worth Rs 455.34 crore, Minister for Industries Sunder Sham Arora said. During the conclave, organised in Ludhiana, MoUs worth Rs 455.34 crore were signed between the state government and nine prominent industries, Arora added.
Year: 2018
The Lenzing Group is expanding its environmental leadership commitment. As a leader in wood-based cellulosic fibres, the Austria-based company is continuing its ambitious roadmap towards sustainability in textile and nonwovens industries, by investing more than €100 million in sustainable manufacturing technologies and production facilities until 2022.
ColorJet India Ltd, India’s only manufacturer and biggest Indian marketer of digital fabric printers has reinforced its No. 1 position by winning the TV100 Industrial Excellence Award 2018 in the ‘Largest Manufacturer of Digital Textile Printers in India’ category, thereby contributing aggressively towards Prime Minister Narendra Modi’s Make-in-India initiative.
India’s apparel exports downturn may continue and is expected to decline by overall 10 per cent in FY19, a senior industry official said. In 2017-18 exports declined by 4 per cent to $16.7 billion.
Hohenstein is expanding its worldwide services with a new laboratory in Dhaka, Bangladesh. On July 28, 2018, the laboratory will be officially opened by Professor Stefan Mecheels, who is the third generation to lead the family-run company.
Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced it has acquired all remaining minority shares in M Dohmen SA, an international group specialising in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors.
Siemens’ Process Industries and Drives and Digital Factories divisions are teaming up with Bentley Systems’ Bentley Institute to establish a Process Industries Academy that will support the companies’ joint vision for cloud services and digital work-flows in engineering and operations.