According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the order index for textile machinery during the period from April to June rose by 26 per cent compared to the same period in 2016.

The International Cotton Advisory Committee’s Secretariat has forecast that the A Index in 2017-18 will range between 54 cts/lb and 87 cts/lb with a midpoint of 69 cts/lb. The midpoint would be 13 cts/lb lower than in 2016/17. This follows the large increase of 12 cts/lb from 2015-16 to 2016-17, which suggests that such a drop is not unreasonable.

Mayer & Cie. expects the handover of representation to Fi-Tech to boost its presence in the US and to provide easier access to new customers.

Empowering employee-led teams to organise activities in their neighborhood, Huntsman Textile Effects is helping make local communities more sustainable.

After starting in a small workshop in 1892, Stäubli has developed into a leading industrial partner for high-quality mechatronic solutions and technologies.

The GST council has reduced the tax rate on job work on all textile-related items to five per cent from 18 per cent to ensure that the labour-intensive sector is not adversely impacted under the new tax regime.

The Karnataka Silk Industries Corporation (KSIC) plans to expand operations, focussed on tackling the increasing demand for Mysore silk sarees and to make them a bit inexpensive.

Leading industrial thread manufacturer Coats has announced that its revenue has gone up 5 per cent on a CER basis to $740 million for the six months ended June 30, 2017. The company also reported a strong growth of 7 per cent in industrial division across both apparel and footwear (5 per cent), and performance materials (18 per cent).

The Haryana Government’s Skill Development and Industrial Training Department is considering providing skill training to about 1,33,100 youth this fiscal as part of efforts to augment employment opportunities in the State. The sectors include garment and textiles, beauty and wellness, agriculture and retail.