The 2016 financial year was characterised by a significantly higher order intake, especially in the first half year, and lower sales compared to the previous year. Despite the decline in sales, Rieter achieved an EBIT margin of 6 per cent. Against the background of the solid financial and earnings position, the Board of Directors proposes to the shareholders to increase the dividend compared to the previous year.

NEXIA appoints Orange O Tec as Indian marketing partner
Italian manufacturer of machines for industrial laundry, dyeing and treating clothing, NEXIA srl DeFranceschi has named Surat-based Orange O Tec as its marketing partner for India.

Welspun India Ltd, one of the world’s leading home textiles manufacturer, has entered technical textiles in a big way with the inauguration of a state-of-the-art plant in Anjar in Gujarat.

With regard to the Inclusion of Machinery Manufacturer under Amended Technology Upgradation Fund Scheme (ATUFS), the Office of the Textile Commissioner has issued Circular No. 9 — Circular No.ES/360/2016-17 (2016-2017 Series) dated March 27, 2017

EDANA and INDA, closed the second edition of OUTLOOK™ Plus Latin America conference in São Paulo, Brazil, thanking participants for their overwhelming support

Jharkhand plans to launch aggressive initiatives to promote and market its ethnic textile and handloom products in a bid to help its large indigenous community of craftspersons

Bangladesh has overtaken China to become the largest denim supplier to the European Union by exporting €567.97 million worth of denim products to the EU nations.

Turkey’s textile and apparel industry, which has had a relatively sluggish performance over past few years, is now showing signs of recovery.

WACKER, the Munich-based chemical group, is raising its prices for silicone polymers, silicone fluids and silicones from further production stages as of April 1, 2017.