MARKET & ECONOMY
The sixth edition of ITMA ASIA + CITME 2018 has received strong support from both domestic and international textile machinery manufacturers.
Reliance Industries Ltd (RIL) has entered in a partnership with PROLINE, India’s leading sports apparel brand, to co-brand a range of sports apparels with R|Elan™.
The board of directors in the meeting has recommended a dividend of 120 per cent for the financial year 2017 18. The growth in domestic was satisfactory. Overall, companys business grew across all markets barring a few Asian countries.
Vietnam’s textile and garment industry is expecting exports to reach up to $200 billion by 2035 thanks to investment in new technology and automation, and a shift in production methods.
Coimbatore-based Elgi Equipments Ltd, a leading manufacturer of air compressors, announced the results for the financial year 2017-18 posting a PAT of Rs 76.9 crore, compared to Rs 68.4 crore in 2016-17.
The Centre has promised to refund the entire pending claims of textile exporters under GST and IGST (Integrated GST) in 15-20 days.
Epson, and its subsidiaries, For.Tex. and Fratelli Robustelli, have appointed The Textile Engineers of Pakistan (TEP) to drive Monna Lisa digital textile printer expansion in the Pakistan market. TEP, established in 1949 as subsidiary of Platt UK, is a recognised supplier for a large number of important brands specialised in the industrial textile segment.
KARL MAYER has extended its successful model in the HKS machine series, the HKS 3-M, by including a version having a wider working width.
Flameproofings Ltd., UK are a market leader in the flame retardant coating of fabric for the upholstery and household textiles markets.