Australian government’s research council has supported the creation of Aus$13.2 million hub with the support from Deakin University and industry partners. The center is part of the Institute of Frontier Materials at Deakin University in Geelong, Australia. The hub will enable Australia to be a leader in fibre research and development and will also support Geelong to be a hub for future advanced fibre manufacturing.
Browsing: Industry Update
India’s Ministry of Textiles is constantly in touch with the Ministry of Commerce for signing an FTA with the EU to boost trade especially in the textile sector. This was revealed recently by Secretary, Ministry of Textiles, Rashmi Verma.
Levi Strauss & Co reported a profit of $31 million for Q2 recently, a leap from $12 million the same quarter one year prior. The jump in profit was due to a decline in charges related to the company’s productivity initiative and a debt extinguishment loss from the prior year.
Saurer group, a global leader in rotor spinning and winding machines consists of the spinning brands Schlafhorst and Zinser, the twisting brands Allma and Volkmann, the pre-spinning brand Jintan, the Saurer embroidery brand along with the brands Accotex, Daytex, Fiber Vision, Temco and Texparts.
Garment sector in Myanmar is expected to earn $2 billion in 2016-2017. Exports from the garment sector earned nearly 1.7 billion dollars last year. The sector is likely to grow five times more than its current status and employ between 3,00,000 and a million laborers by 2024. The aim is to reach a garment export value of ten billion dollars by 2024.
In Hall 11 at the SPS IPC Drives 2016 (to be held from November 22-24, 2016 at Nurenberg in Germany), Siemens will be presenting elements of its Digital Enterprise portfolio which are already available today for realisation of the Industrie 4.0 vision.
Crealet has partnered with Comsat, which develops textile machines that meet the highest technical standards, and is now the exclusive representative of Comsat, starting from October 2016.