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Tiruppur garment units request financial support
The garment manufacturers in Tiruppur and the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have appealed to the government for financial support as the units are shut for a month due to lockdown.
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.
Italian firms to exhibit at ITMA Asia + CITME Shanghai
66 Italian textile machinery manufacturers will participate in the upcoming ITMA ASIA + CITME 2020. The event is set to take place in Shanghai at the National Exhibition and Convention Centre from June 12 to 16, 2021.
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