Month: March 2021

Order intake of CHF 640.2 million in the 2020 financial year was 31 per cent down on the previous year. Following the significant slump in demand in the second quarter of 2020, order intake recovered in the third quarter and improved further in the fourth quarter.

The industry has been pleading the government to remove anti-dumping duty of USD 0.103 to 0. 512 per kg imposed on the VSF during the last several years, which is under active consideration

The National Committee on Textiles & Clothing (NCTC) convened a meeting of all the stakeholders across the textile value chain on 12th March 2021 and launched a Helpline Portal – http://citiindia.org/yarn-form/form/form.php, at Confederation of Indian Textile Industry (CITI).

Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5 per cent block of shares to the Picanol Group.