MARKET & ECONOMY​

Karl Mayer, a leading warp knitting machinery manufacturer has come up with a HKS 4-M El, tricot machine, a flexible machine that makes it ideal for a variety of applications. The HKS 4-M EL is particularly adept at producing stylish, warp-knitted fabrics for the fashion sector. The light and airy fabric was produced on an HKS 4-M EL in a gauge of E 28.

Xeros Technology, a developer and provider of patented polymer-based systems with multiple commercial applications, will focus on the textile sector for the development of its technology.

Bombay Dyeing and Manufacturing Company, the 137-year-old textile manufacturer with 25 company-owned stores and franchises across nine towns in Tamil Nadu, has big plans for the State focusing more on retail business.

Kurlon Enterprises Limited, country’s leading mattress company, is eyeing a major expansion in Chhattisgarh. The company will soon increase its Kurlon Mattress Xpress (KMX) outlet to five from the existing two located in Raipur and Bhilai.

Ethnic wear brand, Soch has held talks with private equity (PE) funds, including L Catterton, Westbridge Capital and CX Partners, for a majority stake sale valuing the company at around $200 million.

Panama is a growing market for textiles and clothing products. Exports of Indian MMF textiles to Panama have been steadily growing during 2015-16. Panama is also a potential market for other textile products like apparel, cotton and silk etc. Panama imported around $2.38 billion of various textile products during 2015.

HeiQ displayed its range of products from home textiles at the Heimtextil 2017 expo, an international trade fair for contract and home textiles, which was held from January 10 to 13, 2017, in Messe Frankfurt, Germany.