MARKET & ECONOMY​

Arvind Limited, India’s leading textile to retail and brands conglomerate along with INVISTA, one of the world’s largest integrated producers of fibres, showcased its exclusive denim collection in New Delhi named ‘GRAVITY’, at its annual event called Arvind FESTIVE 2018.

Textile exports are likely to miss the $45 billion target for 2017-18, as the industry reels under the impact of GST roll out and tariff advantages enjoyed by competitors like Bangladesh and Vietnam, according to textile industry body CITI.

Kornit Digital, a market leader in digital textile printing, will showcase its cutting-edge solutions at three major trade shows in Asia Pacific this month. Kornit Digital and its local channel partners will conduct live demonstrations as well as exhibit the latest application samples produced on Kornit direct-to-garment and direct-to-fabric systems.

ANDRITZ will be presenting innovative nonwovens production solutions and textile finishing technologies for the US market at Techtextil North America 2018 in Atlanta, USA (May 22–24, booth 2847).

Specialty chemicals company LANXESS continues its profitable growth path. The company ended fiscal year 2017 with record earnings. LANXESS has also made a good start to the new year.

Biodegradable nonwoven composite oil absorbent mats have been launched. Microplastics and marine pollution have been gaining global attention, in addition to oil spill accidents. Chennai-based Indian company, WellGro Tech has recently brought biodegradable and environmentally benign oil absorbent mats to the market.