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SSM launches 2 new products
SSM showed two new product launches for the first time at the ShanghaiTex 2017. The PWX-CTM, for cone-to-muff, and the PWX-MTC, for muff-to-cone winding, generated large interest. SSM was very pleased by the high response on their shared booths.
RIL, Myntra to co-brand denim collection
Reliance Industries partnered with fashion e-commerce player Myntra to co-brand its exclusive denim collection Mast & Harbour with the flagship product from the former, RElan FeelFresh.
SSM's focus on X-Series
SSM showed their newest textile machines at ShanghaiTex for the first time. The Swiss based SSM Schärer Schweiter Mettler AG, the inventor of the electronic yarn traverse system, took part at the ShanghaiTex on the booth of their agent Union Trading as well as on the booth of Rieter Components.
RIL to push polyester biz with RElan
Reliance Industries (RIL) is to increase its presence in the polyester space after the launch of its new brand, RElan, through which it will get into co-branding of apparel. The largest manufacturer of polyester in the country, it has an annual capacity of 2 MT, almost half the country’s 4.5 MT.
Invista to sell apparel, advanced textile biz
Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.
RSB-D 50 drawframe: A new facet in productivity
The new single-head drawframe generation is characterised by its performance: productivity increase of up to 33%, reduced energy costs, quicker lot change at outstanding sliver quality and easy, intuitive operation.
Versatile seating fabrics for automobiles
Textile fibres can be used in the transportation sector on a regular basis due to their broader versatile fibre characteristics, explain Kunal Singha and Subhankar Maity.
GST: FAQs for textile industry
Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.