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SIMA hails Rs 1,460 bn PLI scheme
November 2020
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister and Union Textile Minister for including textile industry and allocating budget for improving manufacturing capabilities and boosting exports.
Gartex Texprocess India to be launched as hybrid event
November 2020
A significant event in the textile trade calendars, the 2021 edition will be held alongside yet another premier fair for screen, textile, sublimation and digital printing technologies – Screen Print India thus bringing the entire textile value chain together for business through their new hybrid format.
Ruizhe Sun is new ITMF President
November 2020
Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation (for his detailed CV see the ITMF-website).
WACKER invests in new production line for silicone
November 2020
WACKER is to begin construction on a new production line for silane-terminated polymers at its site in Nünchritz, Germany, this year.
Elgi announces 2QFY2020 results
November 2020
Elgi Equipments, a manufacturer of air compressors, announced the results for the quarter and half year ended September 30, 2020. PAT for the quarter was Rs 33.2 crore compared to Rs 11.7 crore in the same period in 2019-2020 on a consolidated basis.
Another drop in orders for 3QFY2020: ACIMIT
November 2020
The index of orders intake for textile machinery, as compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period ranging from July to September 2020, decreased by 26 per cent compared to the same period in 2019. The index value was attested at 72.4 points (2015 basis = 100).
Raymond witnesses recovery in consumer demand
November 2020
Raymond announced its unaudited financial results for the quarter ended September 30, 2020. Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabrics and garmenting.
Datatex, LLC Afrasiab Jeans collaborate
November 2020
Datatex is proud to begin a collaboration with the new customer LLC Afrasiab Jeans Textile, in Uzbekistan. LLC Afrasiab Jeans Textile, part of the big Siyob Group, is the first jeans manufacturer in central Asia to import and export its product in the world.
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