The Khalifa bin Zajed al Nahjan Foundation (KBZF) plans to set up a $10-million textile plant in Serbia’s municipality of Raska. The factory, for which the cornerstone has been laid, will cover an area of 11,500 sq m.
Browsing: Industry Update
World’s cotton harvested area in 2016-17 is projected at about three per cent below last season. For India-the leading cotton producer-the crop is forecast at 27 million bales in 2016-17, two per cent above 2015’s six-year low.
Reinforcing its commitment to Internet of Things, Services and People, ABB group appoints Guido Jouret, a pioneer of the Internet of Things, as Global Chief Digital Officer, reporting to ABB Group’s CEO Ulrich Spiesshofer, effective October 1, 2016.
Organic Cotton Round Table (OCRT), which held the 2015 Organic Cotton Round Table in Mumbai, will hold this year’s event in Germany.
Nagpur-based Central Institute of Cotton Research (CICR) plans to launch nearly 15 varieties of desi cotton seeds in March next year, in order to substitute for Bt cotton.
Consumption of Turkish cotton is expected to hit a 10-year high next year as the country’s cotton industry invests in new technology.
The global hosiery market (socks, tights and pantyhose and nylons) is expected to grow at a compound annual growth rate of around four per cent in the next four years.