MARKET & ECONOMY​

Wortum Waste2Wear, the Dutch company that makes fabrics out of recycled plastic bottles, has presented the world’s first collection of recycled ocean plastic fabrics that is fully traceable using blockchain technology at the international textile fair Première Vision, taking place from September 17-19 in Paris.

ELGi Equipments, one of the world’s leading air-compressor manufacturers, with two million installations across 100 countries, announced the opening of its new European headquarters in Belgium.

Indonesia recently notified the WTO Committee on Safeguards that it initiated on September 18 three safeguard investigations—the first on fabrics; the second on yarn; and the third on curtains, interior blinds, bed valances and other furnishing items.

Declining yarn exports has put the Indian textile industry in a crisis mode. Is this crisis a short or long term? A telephone conversation between two Indian textile industry professionals painted a clear picture.

Evonik has developed a new generation of polyimide fibres for the rising demands of the industry. The new product, brand named P84 HT, is distinguished by improved mechanical stability and flexibility at continuously high operating temperatures.

China needs to triple its cotton imports. With government stocks depleting, China needs to import more to sustain its mills’ consumption.

T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).