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Mauritius sops for textile exporters
The Mauritius Government will be launching the Air Freight Rebate Scheme known as the ‘Speed-to-Market’ scheme (STMS) for its textile and apparel segment this month after consultations with the various stakeholders.
Rs 6k crore special package may cover hometex
The Rs 6,000-crore special package, which was recently approved for the garment sector, may cover the home textile segment, the sector which was earlier excluded from its ambit.
Challenging times for Oerlikon
The Surface Solutions Segment saw stable sales development in most of its key markets (tooling, automotive, general industries and power generation). The exception was aviation, where an uptick was registered. The filaments equipment market continued its downtrend, in line with China’s 13th Five-Year Plan and Oerlikon’s expectations. However, there appears to be the first light on the horizon and the Segment expects that the filaments equipment market will see a turnaround in 2016.
Groz-Beckert launching “transparent” knitting machines
Groz-Beckert will be joining textile companies from all over the world to present products and solutions across the entire textiles value chain. The Knitting segment will be presented at ITMA Asia with a focus on productivity and profitability. One particular highlight will be the “transparent” large circular knitting machine, with a gauge gradient of E10 to E50. Two other “transparent” machines from the flat knitting and warp knitting fields will round off the product presentation. Each of the three acrylic glass machines has individually removable elements for detailed viewing.
Raymond sees 7% growth in suitings segment
Raymond Textiles is targeting a 7-8 per cent growth in its suitings business next fiscal. Apart from suitings, the other segments under the textiles division include shirtings (fabrics for making shirts), made-to-measure garments and exports. The growth will come organically, including new product ranges. Over the last one year, the company explored new offerings focusing on functionality.
Oerlikon performs well in difficult market environment
Jürg Fedier, CFO of the Oerlikon Group says: “In 2015, we defined a strategic roadmap to develop Oerlikon into a more focused company, building on our unique competencies, technologies and positions in surface solutions, advanced materials, components engineering and manufacturing technology. We also completed important steps such as the sale of the Advanced Technologies Segment and the announced divestment of the Vacuum Segment.” “Our balance sheet is strong and allows for targeted investments in organic and inorganic growth. We delivered strong operating profitability in a difficult economic environment.
MAG launches online spinning monitoring system
The yarn manufacturing sector is a critical segment in the textile manufacturing chain as it is a resource - intensive process. Therefore, around the world, this segments of manufacturing faces numerous challenges in maintaining competitive manufacturing costs while meeting quality requirements.