MARKET & ECONOMY
Karl Mayer to show for the first time new solutions of Stoll, a brand for flat knitting, at an in-house show from 17th to 19th December, 2020, in Changzhou, China.
Garware Technical Fibres Ltd (GTFL) becomes a leading global player in providing aquaculture solutions for farmed salmon. The company has dominant market-share in high salmon-farming countries like Norway, Chile, Scotland, Canada, among others.
N9 World Technologies, a subsidiary of Resil Chemicals, introduces antiviral and antibacterial technologies for various surface applications like paints, plastics, laminates, wooden surfaces, leather, textiles, floorings and ceramics.
Surat manmade fabric industry can reduce its water footprint by adopting ozone treatment for textile processing.
Indian textile and apparel giant Raymond recently announced the approval from its committee of directors to raise Rs 40 crore through private placement of non-convertible debentures.
US-based Bally Ribbon Mills (BRM), leader in the design, development, and manufacture of highly specialised engineered woven fabrics, has unveiled new advanced textile products to increase part functionality and utility.
Swedish fashion retailer, Hennes & Mauritz (H&M), has chosen Eastman Naia Renew cellulosic fibres in its conscious exclusive autumn/winter 2020 collection. H&M’s sustainable womenswear collection will feature eco-luxe garments made from Naia Renew, a cellulosic yarn made from 60 per cent certified wood fibres and 40 per cent recycled waste plastics such as carpet fibres and plastic packaging.
ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France.
Textile materials technology innovator HeiQ (LSE:HEIQ) has become a publicly listed company on the London Stock Exchange main market. The admission follows an oversubscribed placing and subscription, raising £60 million (before expenses).