Teijin Frontier , the Teijin Group’s fibres and products converting company, announced today that it has established Teijin Frontier India Private Ltd in Gurugram, India to conduct sales and trading activities that will further strengthen its global business.

Order intake of CHF 640.2 million in the 2020 financial year was 31 per cent down on the previous year. Following the significant slump in demand in the second quarter of 2020, order intake recovered in the third quarter and improved further in the fourth quarter.

As of 1st February, 2021, Benoit Moutault has resumed the position as Group Vice President Business Field Textile (Auxiliaries and Dyestuffs) from Ralf Kattanek. He reports to the CEO of the CHT Group, Dr. Frank Naumann, Chairman of the Board.

BRFL Textiles Private Limited (BTPL), housing the largest single-roof fabric processing unit in India, has completed an INR 2.4 Bn equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II.

The industry has been pleading the government to remove anti-dumping duty of USD 0.103 to 0. 512 per kg imposed on the VSF during the last several years, which is under active consideration

The National Committee on Textiles & Clothing (NCTC) convened a meeting of all the stakeholders across the textile value chain on 12th March 2021 and launched a Helpline Portal – http://citiindia.org/yarn-form/form/form.php, at Confederation of Indian Textile Industry (CITI).

Hiut Denim is cooperating with Polygiene to get the added value of Polygiene Stays Fresh technologies making jeans stay fresh, eliminating odour-causing bacteria.

Picanol Group has today acquired a minority stake in Rieter Holding AG , amounting to a total of 467,236 shares for a price of 45.4 million EUR.

Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5 per cent block of shares to the Picanol Group.