MARKET & ECONOMY
Hyosung, a leading elastane manufacturer, has announced Smart Factory System to increase product quality and boost capacity at five creora spandex factories.
Van de Velde NV, a leading player in the luxury and fashionable women’s lingerie sector, has appointed Marleen Vaesen as the company’s new Chief Executive Officer (CEO)
Epson, pioneer of digital textile printing technology, and its subsidiary For.Tex, have announced the availability of the Genesta Fluorescent Flavin and Genesta Fluorescent Pink colours.
Hohenstein, a testing service provider and research partner in the textile industry, has opened a new textile testing laboratory in Gurugram.
The All India Textiles Directory (AITD)â€â€a renewed attempt by the Indian Textile Journalâ€â€was unveiled by Ajit Chavan, Secretary, Textile Committee, Ministry of Textiles, during the 3rd IPF Excellence Awards 2018, which was held at National Stock Exchange on December 13, 2018.
The Tiruppur Exporters’ Association (TEA) is dismayed on the reduction of duty drawback rates on apparel items. In this revised list, the government has reduced rates for value-added ready-made garments while improving rates for raw materials like cotton, yarn and fabrics.
Welcoming the new duty drawback rates, the Cotton Textiles Export Promotion Council (TEXPROCIL) said the revision will boost the exports of cotton textiles.
The Board of Directors of Rieter Holding AG has appointed Rico Randegger to the Group Management of the Rieter Group with effect from June 1, 2019. He will be responsible for the Business Group After Sales.
The textile machinery manufacturer, KARL MAYER, is participating more and more in shows concentrating on applications and end-uses.