The currency imbroglio that is currently experienced in India following a cash shortage is hurting the cotton trade. With farmers seeking to sell their produce only in cash, the scarcity of notes has led to daily cotton arrivals declining by almost 50 per cent.
Browsing: Apparels & Garments
Globalisation still dominates apparel production and it is highly unlikely that reshoring or backshoring will bring back many jobs that were lost via offshoring, says the International Apparel Federation IAF President, Han Bekke. There is still too much pressure for cheaper prices, says pointing at the dominance of big players in the fashion market who have made globalisation more accessible via better IT systems and processes in their supply chain.
Wacker Chemie AG is expanding its hydrophobic silica specialties plant located in Burghausen, Germany to increase the production capacities for HDK pyrogenic silica. It will spend close to €1.4 million to increase the capacity of the plant by over 40 per cent. The project, which will begin early next year, is expected to be completed by Q3 2017.
The fibre products converting company of the Teijin Group has developed Minotech, a highly water-repellent outerwear material for spring/summer 2017. Inspired by straw raincoats that were made in ancient Japan, Minotech combines the usefulness of umbrella-quality fabric, the practicality of high-function wear and the attractiveness of a fashionable material.
Double digit growth across 2016-2021, is making digital textile printing one of the most exciting market opportunities in the print and textile supply sectors according to the latest exclusive market data from Smithers Pira. The Future of Digital Textile Printing to 2021 values this global market at €1.17 billion in 2016 with growth forecast at an annual average of 12.3 per cent for 2016-2021. This will see the market more than double in value over five years, reaching €2.42 billion in 2021.
The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterised by differing dynamics in the individual countries as well as with regard to the product categories.
Oerlikon’s results in the third quarter of 2016 reflect the continued positive development in the surface solutions business, but were still impacted by weak market demand in filaments equipment, and in the agriculture and energy sectors.