MARKET & ECONOMY
The ITM trade fair for textile technology closed its doors 2018 after four days profiting from an important visitor density.
The order index for textile machinery elaborated by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from January to March 2018 dropped 12 per cent compared to the same period for 2017.
DowDuPont’s net sales increased 5 per cent to $21.5 billion, with growth in most operating segments and geographic regions, from pro forma net sales of $20.5 billion in the year-ago period.
Jeanologia, the Spanish company, leaders in the development of sustainable and efficient technology, presented its collection at Bangladesh Denim Expo.
The SDC EC organised its 9th ‘Day of Colour’ recently at the Boardroom, Textile Committee, Prabhadevi, Mumbai,the event theme of which this year was ‘Sustainability driven Innovations’.
The 63-years old Indian leader in card clothing products and card room accessories for the textile spinning industry, ICC Ltd is entirely shifting production to its already existing state-of-the-art manufacturing facility in Nalagarh, Himachal Pradesh. In doing so, ICC has closed down its Pune plant, which was manufacturing card clothing since more than six decades.
Loepfe Brothers Ltd has appointed Daniel Link as Chief Executive Officer with effect from May 1, 2018. Maurizio Wermelinger, the current CEO, will retire but will remain as an advisor for a limited period of time to ensure a smooth transition.
After a long gap, Wadia group’s textile company Bombay Dyeing is looking at entering readymade apparel once again with menswear products. Earlier, it had an apparel brand, Vivaldi, which the company sold to Proline to manage.
Digital is now! The Texprocess Americas will see Human Solutions present solutions to accelerate work processes in the apparel industry.