MARKET & ECONOMY
Nouryon will provide specialty engineering and chemical solutions for Renewcell’s new recycling plant located in Sweden. This new plant aims to prevent millions of garments ending up in landfills every year.
A study titled ‘Weakest Link in Global Supply Chain: How the Pandemic is Effecting Bangladesh Garment Workers’ revealed that 80% of the readymade garment manufacturers in the country are struggling because of the pandemic.
The lockdown seems to have encouraged more Indians to invest in knitwear. The domestic sales volume of Tirupur’s garment makers was Rs 300 billion during the last fiscal. This was higher than the region’s export values.
Rapier looms of the Italy-based SMIT are reputed for their versatility, high productivity, superior quality fabric production, and capability to handle a wide range of weft material and yarn counts.
BOFT and TAITRA organised a webinar to familiarise Indian enterprises with the latest developments of Taiwanese textile machinery. In the webinar, Taiwan Excellence Awarding-winning enterprises introduced their latest solutions and technologies.
Leaks in air compressors is costly and can lead to various other operating losses. Conrad Latham, GM (Compress Technique), Atlas Copco, offers tips to achieve sustainable energy savings by fixing air compressor leaks.
538 manufacturing units face a risk of unrests due to lack of Eid-ul-Fitr festival allowance, wage payments, mass termination, etc. The government ordered owners to pay April wages and festival allowance by May 10, 2021.
Few textile industries and shops in Ludhiana and Surat plan to go on a self-lockdown owing to the rise in COVID-19 cases. Other industries are planning to work with 50% of staff to prevent the spread of infection.
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.