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Double-digit profitability in Oerlikon's MMF segment
The Manmade Fibres Segment of Oerlikon captured a significant share of the business in the filament equipment market, where a high level of demand prevailed, particularly in China.
“We are pleased to announce another quarter of profitable growth”, said Dr Roland Fischer, CEO of Oerlikon Group. “Our positive performance confirms that our strategy addresses attractive markets, our initiatives and activities are delivering positive results, and we are able to take advantage of the growth momentum and opportunities in our end markets. Consequently, we are in a position to increase our full-year expectations for the second time this year.”
Textest: Mastering A-Z in filtration product testing
Switzerland-based Textest AG has been providing quality control instruments since 1969. Reto Vogt, owner of Textest AG, who was recently in India for the Techtextil India exhibition, spoke at length with ITJ Senior Sub Editor Karthik Muthuveeran, about the Indian market for its products and its future plans.
Robust spinning segment raises machinery output
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
Big upswing in Oerlikon orders & sales
Oerlikon Group’s Manmade Fibers business recorded a substantial uptick in orders and sales, driven by the recovery of the filament equipment market in China.
Raga Tex hints at entering new segment
Raga Tex, was launched in 1996 as a proprietorship concern by a young lady entrepreneur Thiurmagal, ably assisted by her doctor husband Dr Bharathi Muthurathinam. “It appears that many big retailers abroad, either have already done, are planning to open shop, in India. We should therefore have plans to start investing in brand building and product promotion, within India”, says G Shekar, Executive Director, Raga Tex India Private Limited, in an interview with ITJ Senior Editor Karthik Muthuveeran.
Rs 4k cr package likely for leather industry
The Indian Government is expected to announce a Rs 4,000-crore incentive package for the leather and footwear segment in July to boost manufacturing, exports and job creation in the country.
Oerlikon ties up for disposable nonwovens
The Manmade Fibers segment of the Swiss Oerlikon Group is entering into a strategic partnership with the Italian company Teknoweb Materials s.r.l. aimed at extending the nonwovens production systems portfolio to include the high-growth market for disposable nonwovens.