MARKET & ECONOMY
India’s cotton yield has received a boost as 6.6 lakh bales (each weighing 140 kg) of cotton have been procured so far surpassing last year’s production figures of 6.5 lakh bales.
Textile mills in Bangladesh fear losing their competitiveness following the government’s move to use LNG in the manufacturing sector.
With major apparel companies revving up to expand their presence within South Korea and abroad, the fashion market in South Korea is expected to grow 3.3 per cent this year.
AkzoNobel, leading paints and coatings company and a major producer of specialty chemicals, has announced the opening of a new facility in Felling, the UK.
The Khadi & Village Industries Commission (KVIC) has bagged orders worth crores from hospitals, research institutions, railways and companies.
India is estimated to consume 29.5 million bales of cotton (170 kg each), this season ending this September. Within one month of its recent estimate, Mumbai-based Cotton Association of India (CAI) has revised the estimate of India’s cotton consumption and import numbers.
Jharkhand looking out for investors in the textile, apparel and footwear sectors as these have good growth potential. These sectors are the second largest employers in Jharkhand after agriculture.
For the first time, Australia will have the capacity to produce carbon fibres at scaled-up level. A wet spinning line has been installed at Waurn Pounds, Australia.
Textilwerke Todtnau Bernauer KG, a well-established textile company, plans to install Brückner stenter, which will be sold under the name BERATEX®.