T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).
Month: September 2019
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
WOLFFKRAN acquires a stake in TROWIS GmbH, a young German company dedicated to the development and production of high-performance fibre ropes for applications in the lifting and materials handling industry.
Itema announced on September 19, 2019 that the company has signed the agreement for the taking over of Schoch Group.
Kasam Industries will be setting up Rs 100 crore textile manufacturing unit at Kakatiya Mega Textile Park in Warangal. The unit, which will comprise of spinning and yarn mills, may also have a dyeing unit.
Key players in the Indonesian textile sector have formally agreed to optimise locally sourced, sustainably produced rayon to drive the growth of the national textile industry, which is a core pillar of the country’s economy.