T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).
Browsing: Industry Update
Declining yarn exports has put the Indian textile industry in a crisis mode. Is this crisis a short or long term? A telephone conversation between two Indian textile industry professionals painted a clear picture.
Itema announced on September 19, 2019 that the company has signed the agreement for the taking over of Schoch Group.
WOLFFKRAN acquires a stake in TROWIS GmbH, a young German company dedicated to the development and production of high-performance fibre ropes for applications in the lifting and materials handling industry.
Kasam Industries will be setting up Rs 100 crore textile manufacturing unit at Kakatiya Mega Textile Park in Warangal. The unit, which will comprise of spinning and yarn mills, may also have a dyeing unit.
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
At its site in Brilon, Germany, Bond-Laminates GmbH – a wholly owned subsidiary of speciality chemicals company LANXESS – has commissioned two new production lines for Tepex continuous-fibre-reinforced thermoplastic composites.