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The Karur Textile Exporters Association requests complete lockdown of its 400 textile units, considering the Covid-19 spike. The units are currently operating with 50% manpower. These workers can act as virus carriers.
The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Sintex Industries, a popular textile and yarn manufacturer in India, as it failed to pay around Rs 70 billion to creditors, led by PNB.
US companies are giving tough time to Vietnamese garment producers by not clearing their dues. For May Song Hong, dues outstanding with the American companies have risen by 19.5% in the first quarter.
China needs to pull up its socks when it comes to setting prices and formulating standards in the cotton textile industry. Due to the pandemic, the industry has been severely affected by reduced demands for garments.
In this interview, Chirag Pittie, Director, SVP Global Ventures Ltd, highlights on the changing dynamics of the spinning industry in India and how his company is gearing up for the future.
SRF Limited, India’s largest manufacturer and exporter of technical textile, has ordered two sets of R-200 Ring Twisting Machines worth around Rs 20 million.
Stäubli will present machinery equipped with high-end technologies as well as software solutions at ITMA Asia 2021. Stäubli booth is C21 in Hall 3 at the National Exhibition and Convention Centre, Shanghai.
Garment workers staged protests demanding an extended Eid vacation by barricading important roads in the manufacturing hub of Gazipur. They clashed with the police, resulting in the injury of 20 workers and one policeman.
Manufacturers in the garment industry fear the problem of dead inventory due to order cancellations and contemplate the reduction of workforce. More than 20% believe the industry will begin to recover only in 2022.