MARKET & ECONOMY​

Archroma, a global leader in color and speciality chemicals, showcased the latest in its advanced colour-management solutions at Première Vision Paris. The Color Atlas system was also featured in MintModa’s SS19 seasonal inspirations.

Shekhar Agarwal, Chairman, Managing Director and Chief Executive Officer (CEO) of Bhilwara Technical Textiles Limited whose term is going to expire on March 31, 2018 has been re-appointed as Chairman, Managing Director and Chief Executive Officer (CEO) for a period of three years with effect from April 1, 2018 by the Board of Directors in the above meeting subject to approval of the Members at General Meeting.

ANDRITZ has successfully started up a complete neXline needlepunch line at AFITEX, Champhol, France. The line processes several types of raw materials, such as polypropylene, recycled bulk continuous filament as well as virgin bulk continuous filament, and produces needlepunched felts for geotextiles.

The Maharashtra cabinet has approved a new textile policy for 2018-2023 to attract investment of Rs 36,000 crore and generate 10 lakh jobs. Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the policy, which takes forward the ‘Make in Maharashtra’ idea to strengthen the cotton industry and silk business.

Asics Ventures, the investment subsidiary of sportswear brand Asics, has made its first investment, taking a stake in Ai Silk Corporation, a Japanese start-up affiliated with Tohoku University that is developing conductive textiles.