Browsing: Industry Update

China plans to restart auctions to sell off some of its 11 million metric-ton stockpile—the world’s largest—in the second half of April, a move likely to keep cotton prices under pressure meanwhile. China’s National Development and Reform Commission, an economic planning and development agency, will hold auctions from the middle or end of April to reduce its cotton stockpiles, according to CNDRC.

Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season?s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.

Mafatlal Industries (MIL), the flagship company of Arvind Mafatlal Group, estimates to close the current financial year with 25 per cent increase in its turnover at Rs 1,250 crore as compared to Rs 1,013 crore previous year.

INDA, the Association of the Nonwoven Fabrics Industry, has announced 15 leading companies are finalists in five categories for its IDEA16 Achievement Awards, in partnership with Nonwovens Industry magazine. Voting is now open online.

The new Montex 8500 from Monforts includes several new features and options including an optional integrated support belt for heavy coated fabrics; a newly designed operator’s platform with improved access; enhanced visualisation introducing ‘smartphone’ features; a new stentering chain; and an Eco Booster heat recovery module where an additional Exhaust Air Cleaning device can be added.

The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter’s Group Executive Committee, effective April 1, 2016. Jan Siebert will be in charge of the Machines & Systems Business Group.

Colorant Ltd, Ahmedabad , one of the leading reactive dyes manufacturer and exporter since last 15 years displayed their new range of Colron Reactive Dyes which is having high exhaustion and better fixation than the normal reactive dyes at the 2nd Color & Chem Exhibition at Faislabad, Pakistan.