MARKET & ECONOMY​

Karl Mayer, a leading developer of perfect solutions for warp knitting, technical textiles, and warp preparation for weaving, is set to present its latest, innovative machinery at ITMA Asia + CITME 2018, in stand B11, H 4. The leading technical textile machinery expo of Asia will be held from October 15-19, 2018, at China.

Textechno and Lenzing Instruments will show testing instruments for fibres and yarns at the ITMA Asia + CITME 2018 in Shanghai, hall 1, booth D38/39, from October 15-19, 2018. Textechno develops precision test equipment for textile and man-made fibres. Lenzing provides testing technology for quality control of fibres and nonwoven.

The ongoing indefinite strike of transporters has cast a shadow on the $130-billion textile industry, which is facing a staggering loss of up to Rs 1,500 crore. If the strike continues, the industry will have to curtail production, and it will affect the fund flow, credibility and reputation on the export front as India is one of the largest exporters of garments and other textile products.

Neelanjan Banerjee, age 45 years, will be the new Country Representative and Managing Director for India effective September 1, 2018. He will assume these tasks in addition to his current function as head of the Advanced Industrial Intermediates business unit (BU AII) in India.

Speciality chemicals company LANXESS will open a new applications development and technical services (AD & TS) laboratory for polyurethane dispersions (PUDs) in Latina, Italy.