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On May 2, Indias Shri Govindaraja (SGT) Textiles announced its intention to invest $40 million in a new textile operation in Rockingham County, North Carolina, creating 84 jobs over the next two years. A part of the largest spinning group in India, SGT already operates 14 manufacturing units across two states in Southern India, boasting an installed capacity of 400,000 spindles.

Groz-Beckert exhibited its latest product innovations and service highlights recently at the 12th edition of Indonesia International Textile and Garment Machinery & Accessories Exhibition (INDO inter TEX) in Jakarta, Indonesia.

Germany-based Terrot GmbH, a leader of circular knitting machine manufacturing, has taken over the operational business of the insolvent PILOTELLI Macchine Tessili S.r.l., based in Cazzago San Martino (Brescia) by signing the corresponding contract today at a notary in Milan with the receiver in insolvency Dott. Flavio Rada.

INVISTA introduces the only commercial offering of a bio-derived spandex available globally and for use in a wide variety of apparel fabrics and garments. Approximately 70 per cent by weight of the new Lycra-« bio-derived spandex fibre comes from a renewable source made from dextrose derived from corn. The use of a renewable feedstock in the making of this new Lycra-« bio-derived fibre results in a lower CO2 emissions footprint than spandex produced.

Raymond recently announced its unaudited financial results for the fourth quarter and year ended March 31, 2014. The textile segments sales for the quarter witnessed an increase of 4 per cent at Rs 534 crore on the back of higher realisation