MARKET & ECONOMY​

One of the oldest Indian manufacturers and exporters of card clothing and card room accessories, The Indian Card Clothing Co Ltd (ICC) is showcasing its award-winning ‘Tops Height Measuring’ (THM) device, an innovative ‘On Card’ technology, to solve uncertainty and a pain area faced by spinners in the carding department at the upcoming India-ITME.

The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterised by differing dynamics in the individual countries as well as with regard to the product categories.