In a strategic global initiative, Welspun India (WIL) has entered into a co-operation agreement with Cotton Egypt Association (CEA) to promote and market Egyptian cotton products worldwide. Under the agreement, the two organisations will work together to create programmes for promotion of Egyptian Cotton logo in the retail markets across the globe.
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India’s biggest digital inkjet printer manufacturer ColorJet India Ltd, a division of ColorJet Group has been acknowledged as ‘India’s Largest Manufacturer of Wide Format Digital Printer’ at the annual 6th Imaging Solution Awards Night held in New Delhi on January 13, 2017, for which it won an award, instituted by Imaging Solution magazine.
The orders index for textile machinery compiled by ACIMIT, the Association Italian Textile Machinery Manufacturers, for the period from October to December 2016 rose by 5 per cent compared to the same period for the previous year. The value of the index thus came in at 94.2 points (basis: 2010=100).
The global kidswear market is booming, and is becoming one of the most profitable businesses in the global market. According to statistics from Business of Fashion (BOF), the global kidswear market scooped total sales of $145.6 billion in 2015, up from $131.1 billion in 2010.
Effective January 2, 2017 Groz-Beckert has taken over the Ferd. Schmetz Group. The Ferd. Schmetz Group is a long-established producer of industrial sewing machine needles and has around 700 employees worldwide. The acquisition includes the production sites in Germany, Switzerland and India as well as the global distribution network.
US President Donald Trump abruptly ended the decades-old US tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement (Nafta).
US men’s underwear and women’s lingerie market will witness significant growth over 2015 to 2021, owing to increased proliferation of modern retail formats such as supermarkets, discount stores, and pharmacy stores; rising personal income of US households etc.