Effective December 31, 2019, Freudenberg, the global technology group acquired 100 percent of Filc shares. The purchase agreement was signed in November.

Free trade agreements (FTAs) with Australia, Canada, the United Kingdom and the European Union (EU) will help boost India’s textile exports, according to the Apparel Export Promotion Council (AEPC), whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.

Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction.

FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.

Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction. HygroCotton is crafted with a proprietary spinning technology, producing yarn with a hollow core.

Specialty chemicals company LANXESS on January 10, 2020 completed the sale of its chrome chemicals business.

With effect from January 8, 2020 the management of Fagus-GreCon GmbH & Co. KG changes. After 12 years of service, the shareholders relieved Kai Greten of his role as Managing Director, due to irreconcilable differences.

Specialty chemicals company LANXESS on January 10, 2020 completed the sale of its chrome chemicals business. The buyer is Brother Enterprises, a Chinese leather chemicals producer.

Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).