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NITMA appeals 10% custom duty on manmade yarns
Sanjay Garg, President, NITMA appealed for the urgent need of raising custom duty on manmade yarns from the current 5 per cent to 10 per cent in in the ensuing Union Budget 2021 for the growth and expansion of domestic MMF Industry.
Healthy rise in fibre production: Ind-Ra
Ind-Ra December 2020 report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
US Trust Protocol welcomes its first 10 US mills
The US Cotton Trust Protocol recently welcomed first 10 US cotton textile manufacturers – Buhler Quality Yarns, Cap Yarns, CCW, Contempora Fabrics, Cotswold Industries, Frontier Yarns, Hamrick Mills, Inman Mills, Parkdale, Swisstex Direct as members.
Mayer & Cie. extends top dog status in Turkey
Mayer & Cie.’s position is particularly strong in the market for plain single jersey fabrics, with the Relanit 3.2 HS being the machine of choice. It achieves an extraordinarily high level of productivity, especially in processing elastomer yarns. It also handles a wide range of yarns reliably.
Focused functionality over lace fashion
Functional yarns in particular can result in exceptional performance profiles. KARL MAYER has already carried out extensive development work in this field, in which electrically conductive and high tenacity materials were processed on multibar raschel machines.
ITA 2020 virtual show ends on a positive note
The textile and apparel industry’s pioneering virtual trade show: Innovate Textile & Apparel (ITA), the event—which ran from 15-30 October 2020—has shaped up to be the virtual show of the year.
Pak urges to waive tax on partially-oriented yarn
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) recently urged the government to waive the 37 per cent tax on partially-oriented yarn (POY 5402.4600), the basic raw material for the textile industry and small and medium enterprises.