MARKET & ECONOMY​

The Indian government has extended the anti-dumping duty (ADD) till December 31, 2020, on imports of fully oriented yarn or fully drawn, flat yarn of polyester (FDY) or spin drawn yarn, from Thailand and China, as per notification issued by the Central Board of Indirect Taxes and Customs (CBIC).

Ganesh Kasekar has been appointed as the new GOTS Representative in South Asia (India, Pakistan, Bangladesh and Sri Lanka). Ganesh, based in Mumbai, takes over the role of Sumit Gupta, the previous GOTS Regional Representative in India and Bangladesh with the additional countries Pakistan and Sri Lanka.

Freudenberg Performance Materials is launching its website for its innovative friction enhancement technology combining a special hard-particle coating with a unique nonwoven from Freudenberg: Friction Inserts. On the new online platform frictioninserts.freudenberg-pm.com users get comprehensive information on the technology and its particular benefits for automotive, transportation and wind turbine industries.

No other time in history has the spotlight shined so much on textiles for its role in saving lives than at the present times. Textile materials’ capability to filter and destabilise SARS-CoV-2 is attracting a lot of attention, as well as sustainable fibres like cotton for many advanced applications.

Abercrombie & Fitch, a global specialty retailer of apparel and accessories through three renowned brands, has reported 5 per cent sales decline to $819.6 million in its third-quarter (Q3) for fiscal 2020 ended on October 31 compared to sales of $863.4 million in same period previous fiscal. However, digital sales jumped 43 per cent to $382 million.