Browsing: Industry Update

Oerlikon presented its complete nonwoven plant portfolio for the production of airlaid, meltblown, spunbonded and hybrid materials at this year’s IDEA in Miami from 25–28 March.

Speciality chemicals company LANXESS has successfully completed a debottlenecking project resulting in a 15 per cent increase in global production capacity of its Additin RC 4000 series of corrosion inhibition additives.

The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.

Times are good and getting better, economically. Professor Edward Prescott, Nobel laureate in economics (Nobel Memorial Prize in Economic Sciences) who is the co-recipient in 2004, visited Texas Tech University (TTU) recently.

Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments, as of the closing date.