Kanoria Chemicals & Industries Ltd is back in textile business after a gap of two decades. The company is in talks with H&M, Peter Van Heusen, Velocity, Raymonds and Arvind to sell denim from its plant in Ethiopia. The company has made an investment of about $50 million in the African country to take advantage from duty-free exports to the US and the European Union.
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The Pakistan Finance Minister Ishaq Dar recently successfully struck agreements with textile and service sector tycoons and announced the imposition of 10 per cent regulatory duty on import of cotton yarn from India and grey and processed fabric as well as devising a formula of tax payment for service providers.
The ´World PA6 & PA66 Supply/Demand Report 2015´, referred to briefly as the ´PCI Nylon Yellowbook´ among industry experts, has just been published by market research and consulting firm PCI Nylon (www.pcinylon.com) of Oberursel, Germany.
The researchers from the Electronics and Telecommunications Research Institute and Konkuk University in the Republic of Korea, coated cotton and polyester yarn with a nanoglue called bovine serum albumin (BSA). The yarns were then wrapped in graphene oxide sheets.
Saurer and Reyes Groupe are pleased to announce the sale of some Verdol assets to Saurer. Reyes Groupe has concluded the deal of selling its Verdol parts and service business to the Saurer Business Unit Allma Volkmann. This deal is a win-win solution for the two companies.
China´s cotton imports fell 62.3 per cent in July from a year ago to 1,05,700 tonne. Imports by China, the world´s top cotton consumer, are already down by 33 per cent this year to less than 1 mt after the government issued fewer quotas in a bid to boost demand for domestic fibre.
The Cotton Association of India (CAI) has released its first estimates of the crop for the 2015-16 season beginning on October 1 at 380 lakh bales of 170 kg each. This is almost similar to the output of 382 lakh bales achieved in the 2014-15 season.