MARKET & ECONOMY​

Resil Chemicals, one of Asia’s leading textile finishing chemicals and auxiliary manufacturer has joined forces with Acticell GmbH, an Austrian Chemical research company committed to developing environmentally friendly, sustainable textiles.

Running into its fourth edition, India’s finest home fashion business platforms – Heimtextil India & Ambiente India—will open doors from June 20-22 at Pragati Maidan, New Delhi.

After a slowdown in Q3 post-demonetisation business the Clothing Manufacturers Association of India’s (CMAI) Q4 Apparel lndex (January-March FY2016-17) reveals that the apparel industry is slowly and surely making a recovery. The Q4 Index shows growth has improved mildly with overall index value moving up to 2.25, compared to 1.4 points in Q3.

Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets, which announced its financial results for the fourth quarter and financial year ended March 31st, 2017.

The year 2017 has started off on a positive note for Italian textile machinery manufacturers. For the first quarter, orders have increased both in Italy and abroad. Says ACIMIT President Raffaella Carabelli: “Orders for the start of 2017 confirm a positive trend in major foreign markets, and a climate of trust for Italy’s textile industry that is on the upswing.”

“In India particularly, Italian sales last year amounted to Euro 135 million, a 3 per cent drop compared to 2015,” says ACIMIT President Raffaella Carabelli, who interacted via email with Samuel Joseph, Editor of Indian Textile Journal.

Itema, the world’s largest privately held provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, finalised the agreements to acquire 61 per cent of shares in Lamiflex, leading supplier of technical composite products, and a minority stake in NoeCha, provider of high-tech, wide-format printing solutions.