MARKET & ECONOMY
The two brands KM.ON and STOLL have synergised with each other for the benefit of the customers. CREATE has been launched for the brands to combine their expertise and creativity.
Oerlikon has announced that that it has received the largest staple fibre plant order in the history of the company. The delivery of the same is scheduled for 2022.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
German sportswear firm Adidas, planning to increase the proportion of sustainable materials in its products, is investing in Finland’s Spinnova, a company that makes textile fibre out of wood or agricultural waste.
The garment manufacturers in Tiruppur and the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have appealed to the government for financial support as the units are shut for a month due to lockdown.
The seventh ITMA ASIA + CITME exhibition – the largest textile machinery exhibition to be held since the start of the pandemic – has opened in Shanghai (China) from 12 June 2021
As the demand for women’s innerwear increased due to lockdowns, the sales in this department went up by 4 to 5 times. This growth was seen more in tier 2 and tier 3 cities.
Telangana government is developing a state-of-the-art weaving facility at Peddur village in Sircilla. Welspun has laid a second foundation stone for an advanced textiles project with an investment of Rs 4.15 billion.