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Input cost of textile engineering industry rising: TMMA
TMMA expressed, in its recently held 60th AGM serious concerns about the rising prices of the raw materials especially steel. At the time of booking April-May-June quarter, the steel prices were 15-40 per cent lesser than the current rates.
Textile sector to recover to pre-COVID levels by FY2022
ICRA, a leading rating agency, said that the textile industry’s performance will go back to pre-COVID levels in the next fiscal year owing to increase in demands from the domestic as well as export markets.
Irani praises textile sector at SITEX inauguration
The union textile minister, Smriti Irani, inaugurated B2B textile machinery exhibition, Surat International Textile Expo (SITEX), organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) on 9, January, 2021, held in Surat.
Improved turnover for 2020 & beyond: 6th ITMF survey
Between November 20th and December 14th, 2020, ITMF has conducted its 6th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain
Hohenstein marks its 75th anniversary
Textile testing and research partner, Hohenstein, has reason to celebrate: this year marks the company’s 75th anniversary. Now in its third generation of family ownership, the company will spend this landmark year expanding its foundation for the future.
Vandewiele acquires Savio Group
Vandewiele reached an agreement for the acquisition of 100 per cent of Savio Group. The Savio Group will now be a valued member of Vandewiele, consisting of several textile machine companies, all trendsetters in their field.
Stäubli: Innovation driver of Swiss machinery landscape
Swissmem Textile Machinery Division recently celebrated its 80th anniversary, and the Stäubli Group, as a founding member headquartered in Switzerland, is renowned today worldwide as an innovation driver in textile mechatronics.