The Albstadt-based circular knitting machine manufacturer Mayer & Cie. (MCT) can once again look back on an extraordinarily successful financial year. Mayer & Cie. has been able to record a substantial increase in sales of around 10 per cent for 2016.

In synthetic fibres, Indian market has high potential mid-term for FDY, IDY and staple yarns, which might have been also due to the slowdown in the Chinese economy, said Michael Korobczuk at the Oerlikon Man-Made Fibre Seminar held at Silvassa very recently.

LVD Company nv expands its fibre laser portfolio with the Phoenix FL 4020 and Phoenix FL 6020, two new laser cutting machines designed to handle sheet dimensions of 4,000 x 2,000 mm and 6,000 x 2,000 mm respectively.

Together with its agent in India Global Group, the German company iNTERSPARE Textilmaschinen presented the Artos (Babcock Textilmaschinen) and Krantz product lines of its machinery portfolio at the KNIT-TECH trade fair in Tirupur

Visitors at the booth got latest information about how iNTERSPARE can help Indian textile companies taking the lead and producing highest quality with higher productivity.

Over the past year, Mayer & Cie. cracked the Euro100-million turnover mark; across the whole group 2016 sales amounted to around Euro105 million and have therefore grown considerably again compared to the previous year.

Industries continued to shy away from investments in 2014-15, showed comprehensive data released by the Central Statistics Office.

The global menswear market has been experiencing fast growth that has outpaced the womenswear market in recent years.

Kenya is stitching together a policy to boost textile production and measures include allowing textile firms in export promotion zones to sell up to 20 per cent of their produce locally without paying duties.