MARKET & ECONOMY
Telangana Chief Minister K Chandrasekhar Rao will lay the foundation stone for the Warangal textiles Park on October 20, 2017. He will lay the foundation stone on the same day for the Rs 669 crore Warangal Outer Ring Road (WORR).
The Maharashtra Government is working out a new textile policy for the period 2017-22, and has invited inputs from all the stake holders in this regard.
Speciality chemicals company LANXESS intends to cease production at its Ankerweg site in Amsterdam, Netherlands, where it produces base oils for industrial lubricants. Operations shall be terminated latest in November 2018.
Ethiopia very recently showcased its prowess in textile and garment industry at the African Sourcing and Fashion Week, which gathered some 230 international producers and exporters from 25 countries, among which India also played a key role, the organisers Trade and Fairs East Africa and Messe Frankfurt said.
The ambitious project of the Brihanmumbai Municipal Corporation (BMC) to create a textile mill museum at the India United Mill located at Kalachowki, Mumbai, is picking up some pace. As of now, it’s not just the JJ School of Arts that would help the BMC to prepare a blueprint of the museum, but Nitin Desai, who will be involved.
Seiko Epson will invest 16 billion yen in a new building in the campus, in Hirooka office in Japan. The new building, which will house a factory for prototyping and volume-producing large commercial and industrial printing systems and a test laboratory for digital textile printing, is part of Epson’s mid-term plans to grow its printing solutions business.
The Swiss technology innovator HeiQ sponsored the cutting-edge triathlon suits of the Super League Jersey Island athletes recently to help the MaccaNow Foundation fight cancer.
Rieter intends to create a modern location in Winterthur, concentrating the customer center, product and technology development, assembly and administration on an area of approximately 30 000 square meters.
As a leader in the international digital printing industry, Aleph, an Italy-based fast growing company, is participating at the SGIA Expo 2017 in New Orleans, from October 10 to 12, 2017, showcasing the successful LaForte®Paper Industrial printer for textile and sign graphic market.