MARKET & ECONOMY
Dhiraj Raichand Shah, Executive Chairman of Shahlon Silk Industries Ltd, Surat, has taken over as Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) at the recently held meeting of the Committee of Administration of the Council.
The Committee on Cotton Production and Consumption expects the current year’s production to be 36 million bales, lower than last year’s estimate of 365 lakh bales. This dip is owing to the spread and impact of COVID-19.
ANDRITZ has created a new weight profiling technology called ProWin that helps all nonwoven producers to increase their process speed by up to 15% and achieve optimum weight profiling.
The increased number of Free Trade Agreements has increased export orders and hence created a recruitment demand in Vietnam. There has also been a demand for IT personnel from the country, thanks to outsourcing.
KPR mills, a reputed textile industry located in Coimbatore, reported a 27.92% increase in sales revenue for the quarter of March 2021 and also reported higher revenues and production capacity for the same period.
Due to the uncertain and unpredictable situation with regard to travel and event restrictions caused by the Corona-pandemic, the Board of the ITMF (International Textile Manufacturer Federation) together with the two co-hosts – Swiss Textiles and Swiss Textile Machinery – have decided to postpone the ITMF Annual Conference in Davos, Switzerland from September 26-28, 2021 to April 10-12, 2022.
Colombo’s Hayleys Fabrics recently made a deal with South Asian Ltd and acquired a 98.84% stake in South Asian Textiles Limited. This acquisition will help Hayleys Fabrics expand its export portfolio in the future.
Recent research showed that face masks helped to curtail the COVID 19 spread in the US, when face mask mandate was in effect in different states, says Dr Seshadri Ramkumar, Professor, Texas Tech University.
Kusumgar Corporates, in collaboration with Veermata Jijabai Technological Institute (VJTI), Mumbai, conducted the final round of Innotex to award the best minds in technical textiles in the country.