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India’s $15 bn garment affected badly by lockdowns
June 2021
The $15 billion garment export sector faced a big blow as many states in India announced lockdown and restrictions on industries due to the Covid-19 pandemic.
A.T.E. joins hands with SMIT to promote rapier looms
June 2021
In a development that will provide momentum to the modernisation of the Indian textile industry, A.T.E. and SMIT S.r.l. have entered an exclusive partnership for the promotion of SMIT’s advanced rapier looms in India.
Working more flexibly with KARL MAYER's wider machines
June 2021
KARL MAYER has further extended its range of double needle bar raschel machines. After launching an RD 7 with a new knock-over comb bar distance (from 2 to 6 mm), models that produce spacer fabrics in tried-and-tested thicknesses but at new working widths are now being launched on the market: the RD 7/2-12 EN and RD 6/1-12 EN are available now in a working width of 190".
ITMF Annual Conference postponed to April 10-12, 2022
June 2021
Due to the uncertain and unpredictable situation with regard to travel and event restrictions caused by the Corona-pandemic, the Board of the ITMF (International Textile Manufacturer Federation) together with the two co-hosts – Swiss Textiles and Swiss Textile Machinery – have decided to postpone the ITMF Annual Conference in Davos, Switzerland from September 26-28, 2021 to April 10-12, 2022.
Picanol to premier 2 rapier machines at ITMA Asia 2021
May 2021
The company will be displaying its range of air-jet and rapier machines along with premiering two brand new rapier machines. It will be demonstrating an OptiMax-i gripper machine in free flight execution of 540 cm width.
Sintex Industries has been filed for insolvency by NCLT
May 2021
The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Sintex Industries, a popular textile and yarn manufacturer in India, as it failed to pay around Rs 70 billion to creditors, led by PNB.
Raymond reports Rs 560 million net profits for Q4FY21
May 2021
The share price of Raymond surged over 5% on May 7, 2021; a day after the company's fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.
Novibra Introduces Lena
May 2021
The low- energy and noise-absorbing spindle that delivers the highes speeds.
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