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Gamechanging ITMA kicks off New revolution
Is 2015 a watershed year for the textile technologies? Is the ITMA 2015 a gamechanger for the global textile industry? Joseph S, who witnessed some developments at the Fiera Milano Rho, attempts to explore the sentiments that prevailed at the fairgrounds.
Innovation in technology drives industry
Founded in 1962 to provide the Indian textile mills with the latest spinning technology, Lakshmi Machine Works Ltd (LMW) is today a global player and one among the three manufacturers of the entire range of textile machinery from blow room to ring spinning. Currently, LMW holds 60 per cent market share in the domestic textile spinning
BCI joins ICA
The Better Cotton Initiative (BCI) has become a member of the International Cotton Association (ICA). It now joins Supima, the Bangladesh Cotton Association, the Brazilian Association of Cotton Producers, the Spinners & Weavers Association of Korea, the Australian Cotton Shippers Association and Turkey´s IPUD, who have all signed up to ICA membership and safe trading.
Dumping is a two-way traffic. ´Dumpers´ are victims themselves at times. For the global textile industry, which has come a long way since dismantling of quotas in 2005, this is a disputable irritant that rears its ugly head now & then.
Export soars, but ADD dampens MMF industry's hopes
With the AGM of the Synthetic and Rayon Textile Export Promotion Council getting over all the required formalities and agenda at the Ambassador Hotel in Mumbai recently, the rest of the time was devoted to the most urgent of matters - the ongoing Anti Dumping Duties (ADD)
Cotton prices stable; haze over China's policy
The USDA's latest report featured an increase to global figures for 2014/15 beginning stocks (+336,000 bales, to 100.3 million) and production (+376,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).