MARKET & ECONOMY
Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. He succeeds Rohit Aggarwal who was appointed President of Textile Effects Division in July this year.
The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State. For the benefit of powerloom workers, 50 per cent subsidy would be provided to around 1,500 employees towards their insurance premium. Unveiling the new schemes, Chief Minister J Jayalalithaa said handloom, handicraft, textile and khadi industries contribute the second highest revenue to the State, next only to agriculture.
Dr.-Ing. Dr. h.c. (University of Technology Chernihiv) Klaus Schäfer is finally retiring from the company and will be taken over by Jochen Adler, who has headed up the Development Project Management at the manmade fiber systems market leader for the past 10 years.
Santex Rimar Group’s weaving division will be present at ITMA Asia in Shanghai with a Terry Jaquard loom under SMIT brand for first rate terry towels productions.
The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State.
Aurora Specialty Textiles, a leader in coating, dyeing and finishing of both woven and nonwoven fabrics, has opened a new high-tech manufacturing facility in Yorkville, US, which features the EHWHA ultra wide-width coating and finishing line.
Mimaki Engineering Co Ltd has launched ?Tx300P-1800B?, a new 1.8 m wide, entry model belt-type direct-to-textile inkjet printer for the textile and apparel industry.
The Government of Pakistan has approved Rs 185 million under the Export Development Fund (EDF) for development projects to boost exports and develop the textile sector.
The Government of Lesotho aims to localise the textile manufacturing industry of Africa, which is currently dominated by foreign investors.