Browsing: Industry Update

Danfoss and Sondex have announced an agreement for Danfoss to acquire full ownership of privately-held Sondex Holding A/S, a global leader in heat transfer technologies. Sondex develops, produces and markets heat exchangers, and the company represents an ideal match to the Danfoss Heating business segment. Thus the acquisition confirms Danfoss’ strategic focus on building leading positions and accelerating profitable growth.

ColorJet Group, one of the largest manufacturers of digital inkjet printers in India, is participating in the Knit Show being held at Tirupur from August 7-9 and will be introducing its direct-to-fabric digital printing machines using water-based pigment inks aimed at green digital printing.

ColorJet will be showcasing samples printed on its best-selling direct-to-fabric digital printing machines; the METRO and VASTRAJET, which use the groundbreaking and environmentally friendly, water-based pigment inks.

Shri Vallabh Pittie Industries (SVP), a leader in polyester and cotton blended yarn inaugurated its Rs 450 crore new textile plant in Jhalawar in Rajasthan. The plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acres of area. After inaugurating the plant recently, Rajasthan Chief Minister Vasundhara Raje said, “We are committed towards forging partnerships that promote manufacturing and create employment opportunities in Rajasthan.”

The CPM – Collection Première Moscow – which will be held from August 31 to September 3, 2016 in Moscow will present CPM, CPM kids, CPM Premium, CPM Accessories as well as Mode Lingerie & Swim Moscow. Collections from the 2017 Spring/Summer will be featured. CPM is also recording new country participations. Indonesia will be exhibiting for the first time with the designers Alleira, Itang Yunasz, Ardistia New York and Warnatasku.

The Telangana State Government will frame a new policy aimed at development of the textile industry in the State.While the state produces around 60 lakh bales of cotton annually, only about 10 lakh bales are consumed within the State. The new textile policy will aim to increase cotton consumption within the state.

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has proposed to set up a Rs 800 crore state-of-the art textile processing cluster housing about 100 dyeing and printing mills in Surat district and has approached the central government for 50 per cent funding. The total project cost for the cluster is pegged at Rs 800 crore. The SGCCI is eyeing 50 per cent grant from the Central Government and 25 per cent each from the State Government and the industry, according to a newspaper report.

The dynamics of the global garment and apparel industry have changed considerably in the last decade. The industry is shifting from China, the world’s largest clothing exporter, towards developing regions like South Asia and other emerging markets. Increasing wages in China have led international brands to focus their energies on, and seek alternatives in countries like Bangladesh, India, Pakistan and Sri Lanka.