MARKET & ECONOMY
Indorama Ventures, DyeCoo and Stoll (a part of KARL MAYER Group) have announced a collaborative effort to produce a fashionable mask called Easy Mask. The mask is made by a sustainable production process, starting from the yarn production to the dyeing, design and production.
The garment exporters in Noida and Greater Noida are losing 20% of business orders to Bangladesh, Sri Lanka and Vietnam. NAEC claims factories are now left with just 40-50% workers after migrant workers left the city.
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Lambodhara Textiles Ltd announced the suspension of operations from May 24, 2021, until further notice. Loyal Textile Mills Ltd, which had earlier announced its Q4 FY21 results, decided to close operations for a week for COVID-19.
Several textile, cloth and readymade traders in the state are in distress due to a fall in sales and income. Vijayawada, Guntur, Vizag, Kakinada, Kurnool, and Rajamahendravaram are the main areas that got affected.
Pakistan’s textile export saw a rise of 17.35% during the first ten months of the current year against the same time last year. As per Pakistan Bureau of Statistics (PBS), it saw a surge of 213% on a year-to-year basis.
The coronavirus pandemic affected all industries, including weavers and artisans comprising Anantapur district’s largest workforce. The apparel and textile parks being developed by the Andhra Pradesh government are incomplete.
66 Italian textile machinery manufacturers will participate in the upcoming ITMA ASIA + CITME 2020. The event is set to take place in Shanghai at the National Exhibition and Convention Centre from June 12 to 16, 2021.
The event originally scheduled for September 2021, has been postponed to 25 – 27 November 2021. Due to the COVID-19 situation and its impact on safety, Messe Frankfurt India decided to reschedule Techtextil India.