MARKET & ECONOMY
India’s entire domestic supply chain of cotton is getting affected due to Covid-19. According to King Mukherjee, President and Founder, Global Impex USA, this is referred to as ‘Tsunami Covid’.
With textile industry badly hit by Covid 19, the demand for rubber rollers used in textile processing and fabric unit is reportedly going down.
Indian weaving industry prefers beams from KARL MAYER warp preparation
The Cosmo Films’ subsidiary has launched eco-friendly Microenz BS – sourced through enzymatic process – for textile Industries to reduce degradation of garments/fabrics
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.
Arkema will be able to offer services in terms of addressing growing market expectations and materials circularity after acquiring Agiplast. Agiplast is a leader in the regeneration of high-performance polymers.