MARKET & ECONOMY
Immediately after the AGM, the 1st Meeting of the Managing Committee was held to Appoint the President of the Association for the next two years.
Filatex India Limited, a leading manufacturer of synthetic man-made filament yarns, said its Q2FY19 net profit increased 50 per cent to Rs 20.25 crore as the company opened a new production line.
The Apparel Export Promotion Council had organised ‘Fabric of Unity’, an event to celebrate Indian textiles, an embodiment of National integrity of the country.
SGS has further expanded its testing facilities at its laboratory in Tunis, Tunisia, which was set up in 2009.
The monthly Index of Industrial Production for textiles increased 7.8 per cent in August this year compared with the same month last year. The cumulative index for textiles from April to August this year has also gone up marginally  1.1 per cent  from a year earlier.
Textile and clothing production in Tajikistan for the eight months of this year increased by almost 30 per cent, Avesta reported.
Textile firm Welspun India reported a 21.38 per cent increase in consolidated net profit at Rs 121.69 crore for the September quarter. The company had posted a net profit of Rs 100.25 crore in the July-September quarter a year ago.
Keeping in mind the season’s freshness and affectionate mood of the occasion, GRADO – The power brand from the House of GBTL-Grasim and the House of OCM, presents an exclusive range of fabrics to curate an elite line of blazers.
LANXESS’ Urethane Systems business unit (URE) decided to prolong and extend its collaboration with the Center for UMass/Industry Research on Polymers (CUMIRP) at the University of Massachusetts Amherst, USA.