Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.

Itema announced on September 19, 2019 that the company has signed the agreement for the taking over of Schoch Group.

WOLFFKRAN acquires a stake in TROWIS GmbH, a young German company dedicated to the development and production of high-performance fibre ropes for applications in the lifting and materials handling industry.

Kasam Industries will be setting up Rs 100 crore textile manufacturing unit at Kakatiya Mega Textile Park in Warangal. The unit, which will comprise of spinning and yarn mills, may also have a dyeing unit.

Key players in the Indonesian textile sector have formally agreed to optimise locally sourced, sustainably produced rayon to drive the growth of the national textile industry, which is a core pillar of the country’s economy.

At its site in Brilon, Germany, Bond-Laminates GmbH – a wholly owned subsidiary of speciality chemicals company LANXESS – has commissioned two new production lines for Tepex continuous-fibre-reinforced thermoplastic composites.

Demand, trade war and global economic scenario are all playing its part in the weak cotton market.

Researchers from IIT Kharagpur have developed a unique approach of generating electricity from clothes drying in natural ambience, which is otherwise a part and parcel of daily life, according to the premier institute.

Sustainable and cost effective all-cotton oil absorbent developed. Recent drone attacks on the world’s largest oil processing facility and an oil field in Saudi Arabia emphasises the important need for safety requirements in the oil and gas sector.