MARKET & ECONOMY​

Wacker Chemie AG is expanding its existing production plants for polymeric binders in Germany. The Munich-based chemical group is currently building another dispersion reactor with an annual capacity of 60,000 metric tons at its Burghausen site.

As a part of its move to establish a textile park, the regional office of Maharashtra Industrial Development Corporation?s (MIDC) has acquired 113 hectares of land at Sayane near Malegaon. A proposal for infrastructural development has been sent to the head office for approval.

Worldwide flame retardant consumption in construction applications is projected to increase 3.2 per cent per annum through 2020 to 803,000 metric tonne. Between 2010 and 2015, gains were fueled primarily by a rebound in US construction spending, as well as double-digit gains in the Chinese market.

The International Cotton Advisory Committee has accepted the resignation of its Executive Director, José Sette, who is leaving to pursue other professional challenges.

The annual International Apparel Federation (IAF) convention will be held in Brazil on October 17 to 18, 2017. IAF is the only federation in the world that has relationships with apparel associations in over 60 countries, including the US, India, China, Germany, France, Italy, South Korea and Taiwan.