MARKET & ECONOMY​

Cotton industry stakeholders in the High Plains of Texas who gathered in Lubbock recently, were highly optimistic on this year’s cotton planting, Washington politics and global demand and market scenario. There is going to be lot of acres in Texas with about 20 per cent increase in acreage predicted.

The incidence of skin cancer has risen sharply since the 1970s – despite the widespread use of sunscreen – and has become a major public health concern in countries with fair skinned populations and high levels of solar radiation.

Electronics For Imaging, Inc, a world leader in customer-focused digital printing innovation, has reported a revenue of $228.7 million, down 2 per cent compared to first quarter 2016 revenue of $234.1 million. GAAP net income was $5.5 million, up 160 per cent compared to $2.1 million for the same period in 2016.

Future Market Insights’ recent report on global technical textiles market projects that Asia-Pacific will be observed as the world’s largest market for technical textiles during the forecast period, 2017-2027. The report values the global technical textiles market at little less than $166 billion, and anticipates it to reach $260.3 billion by the end of 2027.

Brazilian exports of textiles and clothing to the Arab region surged during the first two months of 2017, increasing by 87.5 per cent compared to its performance during the same period in 2016, according to the Arab Brazilian Chamber of Commerce (ABCC).

The Lenzing group, leading in the production of botanic cellulose fibres, set up its first independent sales and marketing office in Istanbul very recently. Greater proximity to customers and being present in one of the most important textile markets in the world played a key role in this decision.

The value of UK clothing and textile production increased by 2.5 per cent to £9.1bn between 2014 and 2016, but new investment could offer even greater potential as Brexit looms, interim findings of the Textiles Growth Programme has found.

Epson, a pioneer in digital textile printing technology, FOR.TEX and F.lli Robustelli, which now belong to the Group, have announced that the revolutionary Monna Lisa Evo Tre has been chosen by leading printing companies in Italy and abroad.

Karl Mayer, a leading textile machinery manufacturer, which is celebrating its 80th anniversary, will be demonstrating its progress-orientation by a series of events to take place, among others, at the company’s headquarters.