MARKET & ECONOMY
Speciality Chemicals Company LANXESS has commissioned a new production line at its Mannheim site in Germany for the synthesis of dimercaptothiadiazole (DMTD) derivatives.
Karl Mayer has announced that Korea’s Don-Jin Textile has installed 1,25,000th jacquard raschel machine – RSJC5/1EL. The new jacquard raschel machine has been specifically modified and offers maximum patterning flexibility.
The Committee of Management elected Mohammad Kassem (Egypt), Juan Parès (Spain) and Michelle Tjokrosaputro (Indonesia) as new Board Members.
On September 8, 2018 during the Annual Conference 2018 of the International Textile Manufacturers Federation (ITMF) in Nairobi/Kenya, the Committee of Management of the Federation elected the members of the Board for the period 2018-2020.
Loepfe will present a comprehensive portfolio of quality control solutions for the textile industry at ITMA Asia and will include the well-known YarnMaster ZENIT+ for winding and the WeftMaster FALCON-i for quality control of high-tech materials.
CHTC Fong’s has been committed to the development and manufacturing of dyeing and finishing equipment for more than 50 years.
Textiles maker Arvind Ltd is planning to invest Rs 500 crore per annum for the next 4-5 years with an aim to double revenue from its textile business to Rs 12,000 crore.
Atlas Copco, a world-leading provider of sustainable productivity solutions, has been making in India for close to 60 years. Atlas Copco serves customers in India and global markets through its innovative compressors, vacuum solutions, generators, etc.
The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.