MARKET & ECONOMY
Coats, the world’s leading industrial thread and yarn manufacturer and a major player in the Americas textile crafts market, will showcase some of its pioneering products on a single consolidated stand at the upcoming Techtextil in Frankfurt, Germany, from May 9-12.
Exhibition space application for ITMA 2019, the world’s largest textile and garment technology exhibition, is now open. The exhibition, which has been held every four years since 1951, showcases the entire textile and garment making manufacturing chain, as well as raw materials.
Myanmar has made rapid strides and has emerged as the country with the most potential to emerge as a formidable player among garment-producing nations, says a study.
The textile industry is expected to have a uniform GST rate, says Union Textile Minister Smriti Irani. She disclosed during a recent conference and assured there would be neutrality in the rate.
Swiss companies Schoeller and Textil color have collaborated to create a new auxiliary concept used in polyester dyeing called ‘Ecodye’ technology, which is expected to accelerate the dyeing process and, in turn, cut costs and preserve environment.
Applied DNA Sciences Inc has announced the debut of its textile molecular tag technology, SigNature® T, in Bed Bath & Beyond® ’s1 Wamsutta® 2 line, featuring PimaCott® 3, is now available at locations nationwide and online.
With 62 exhibiting VDMA member companies, German Technology will be strongly represented at Techtextil Frankfurt at the beginning of May.
Heiko Arnold has become the new Chief Technology Officer of the Lenzing Group, on 1 May. The Management Board of the leading producer of botanic cellulose fibres led by CEO Stefan Doboczky was expanded by a new position for Technology and increased from three to four members in view of the forthcoming expansion of production capacity.
Oerlikon has signed an agreement to acquire Scoperta Inc, an innovative solution provider in advanced materials development, based in California, USA.