MARKET & ECONOMY​

The orders index for textile machinery compiled by ACIMIT, the Association Italian Textile Machinery Manufacturers, for the period from October to December 2016 rose by 5 per cent compared to the same period for the previous year.

Cotton industry in the US has always been an important contributor to the country’s economy. As one of the top three cotton producing countries in the world, the US benefits from its enormous cotton planting area in southern and western states, including Texas, California, Arizona, Arkansas, Louisiana and Mississippi.

The fashion industry in the UK has always been a major business, and has been well-recognised as a form of soft power in the global market, making the country one the world’s most influential players in fashion designing, manufacturing, retailing and even fashion education.

In synthetic fibres, Indian market has high potential mid-term for FDY, IDY and staple yarns, which might have been also due to the slowdown in the Chinese economy, said Michael Korobczuk at the Oerlikon Man-Made Fibre Seminar held at Silvassa very recently.

LVD Company nv expands its fibre laser portfolio with the Phoenix FL 4020 and Phoenix FL 6020, two new laser cutting machines designed to handle sheet dimensions of 4,000 x 2,000 mm and 6,000 x 2,000 mm respectively.

Together with its agent in India Global Group, the German company iNTERSPARE Textilmaschinen presented the Artos (Babcock Textilmaschinen) and Krantz product lines of its machinery portfolio at the KNIT-TECH trade fair in Tirupur