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).
The next edition of Techtextil North America, which will take place in Atlanta from May 22nd to 24th, opens under the best auspices for the American technical textiles and nonwovens market.
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.
Freudenberg Far Eastern Spunweb, a Freudenberg Performance Materials and Far Eastern Spunweb company, is planning to build an additional production line at the Tayuan Tao-Yuan site in Taiwan.
KCT-TIFAC CORE in Textile Technology & Machinery has organised a workshop on CAD for apparel, which was held on February 27-28, 2018 at Kumaraguru College of Technology, Coimbatore.
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.