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Global textile machinery shipments decline in 2020
Deliveries of new short-staple spindles, open-end rotors, and long-staple spindles dropped by -48%, -27%, and -46%, respectively, says ITMF report. However, shipments of large circular knitting machines marked the exception with a 13% growth.
EFI Reggiani celebrates 75 yrs of innovative solutions
EFI Reggiani celebrated 75 years of heritage in 2021 for innovation and glamour in the textile world. During the celebration, the brand revealed the launch of three new, state-of-the-art digital textile printers.
Indo Count plans Rs 2,000 mn capex to increase bed linen capacity
Indo Count Industries Ltd (ICIL), one of India’s largest home textile manufacturers, has recorded 600% increase in PAT in Q4 FY21 to Rs 580 million from Rs 80 million in Q4 FY20. PAT was up 241% in 2020-21 to Rs 2490 million from Rs 730 million in 2019-20.
The Indian market for low-voltage drives is forecast to grow at approximate CAGR of 3 per cent
Founded in 1915, Yaskawa is one of world’s largest manufacturers of motion control products for industrial automation and OEMs. Yaskawa’s journey in India began with the business of PLC in1980 and AC drives in 1990 and steadily expanded to accommodate growing customer needs. Yaskawa India addresses innovation in drives and motion control and robotics automation. Arjun Gopal, Senior Manager, Key Account Development – HVAC, Water & Textile Business, Yaskawa India discusses the requirement of textile industry with respect to drives and motors and the latest innovations in this field.
Focus on value-addition for value creation
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
Ruizhe Sun is new ITMF President
On October 22, 2020 during the Hybrid ITMF Annual Conference 2020 of the International Textile Manufacturers Federation (ITMF), the Committee of Management of the Federation elected the members of the Board for the term 2020-2022. Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation.