MARKET & ECONOMY​

Flexible clothings are one of the key components in a carding machine. To ensure an evenly high quality of the carding sliver, they have to be replaced regularly. When the personnel are doing the replacement, the carding machine has to be stopped.

The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.

The European Union is likely to clinch a textile protocol with Uzbekistan only if it is satisfied Uzbekistan has made progress in scaling back the use of child labour. The EU wants the practice of forced labour and child labour to be eradicated from the national to the local levels.

Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU.

The over 56-year old Italian giant, Fadis is the only company in the world to be able to offer the most appropriate machine range to prepare yarns, in the form of Packages, Fapp, Muff and Hanks. With its SINCRO M, a new concept of winding machine with precision crossing and electronic yarn guide which can reach speeds up to 1,750 m/min, it is possible to produce FAPP? low density packages (FAdis Precision Package), which allow for wide retraction margins of the yarn during the dyeing phase, thus keeping a high residual elasticity percentage of the elasticised yarn.

Stewarts Of America, Inc and Basant Wire Industries (PVT) Ltd of Jaipur have announced that their longstanding partnership has now resulted in an agreement whereby Stewarts of America, Inc has provided all intellectual property, manufacturing ´know how´, and machinery for the production of Open End Spinning components.

Anew leadership team has been voted in at the International Cotton Association (ICA) following its annual general meeting, which took place last week during the association´s Liverpool 2016 trade event.

Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer has reported a net profit of Rs 16.30 crore for Q2 of FY 2016-17 as against Rs 15.61 crore in the corresponding period of 2015-16, a rise of 4.42 per cent. Net Sales for second quarter ended September 2016 at Rs 302.63 crore were higher by 2.75 per cent over previous fiscal’s same quarter Net Sales of Rs 294.53 crore. Company reported healthy EBITDA and PAT margin in Q2 FY17 at 16.23 per cent and 5.38 per cent respectively. EPS for Q2 FY 17 stood at Rs 3.39 (Face value of Rs 10 per share).