India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Browsing: Industry Update
Electronics For Imaging (EFI) has announced the appointment of Jeff Jacobson, a 30-year veteran of the digital imaging and industrial technology sector, as Chief Executive Officer, effective immediately.
Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers.
Cologne – Speciality chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies on August 12, 2019, signed a respective agreement.
The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue.
Century Textiles and Industries (CTIL) reported a 11.06 per cent rise in consolidated net profit at Rs 180.62 crore for the quarter ended June 30, 2019.
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes), a leading manufacturer of technical textiles for the Indian and global markets, announced its financial results for the first quarter ended June 30, 2019.