MARKET & ECONOMY​

KARL MAYER, the market leader in the fields of warp knitting, warp preparation and machinery for technical textiles, is celebrating its 80-year anniversary this year.

ICA Bremen will deliver its six day ‘Cotton Classing & Testing’ training programme, from May 9-16, 2017 followed by the popular ‘Learning about Machinery’ training course from May 18-19 in Germany.

The Rieter Group achieved an order intake of CHF 905.2 million in the 2016 financial year, which represents an increase of 13 per cent compared to the previous year (CHF +103.6 million).

Effective January 2, 2017 Groz-Beckert has taken over the Ferd. Schmetz Group, which is a long-established producer of industrial sewing machine needles and has around 700 employees worldwide.

President Donald Trump abruptly ended the decades-old US tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement (Nafta).

As major British apparel retailer Next Plc slashed its work order volume, Bangladesh has already started feeling the pinch of Brexit, claims a senior official of a sourcing company. The UK is the third largest garment export destination for Bangladesh after the US and Germany.

Technotex-2017, the sixth International Exhibition and Conference on Technical Textiles will take place in Mumbai in April, 2017. The theme of the exhibition will be ‘Advantage India: Emerging Global manufacturing hub for Technical Textiles’.