Fineotex Chemical, India’s leading textile chemical manufacturer, has registered a considerable growth year-on-year for both the Q4 results and the consolidated year-ending results for 2021, despite the pandemic.
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COVID-19 has severely affected the garment industry, with exports dropping and 20% of people losing their jobs. AEPC has requested the government for an essential service tag that will free them from lockdowns.
The proposed world-scale polymer plant will produce 300 metric tons of PET (polyethylene terephthalate) per day for low-viscosity applications. The PET melt will further be processed into PET Chips and pre-oriented yarn.
LYCRA and ITOCHU will jointly produce the textile waste versions of COOLMAX and THERMOLITE. The EcoMade fibres will be made of textile waste transformed into fibres through a unique depolymerisation and refining process.
GCCI members and other textile traders have requested the CM to announce a seven-day lockdown to break the chain and control the second COVID wave better. Gujarat CM appreciates their efforts.
The COVID second wave worries textile-based micro, small and medium enterprises that were just starting to touch their pre-pandemic production capacity.
In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.