MARKET & ECONOMY​

India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.

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.

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.

One of the oldest Indian manufacturer and exporter 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.

InspirOn Engineering is focused on serving the industry with innovative technology by understanding the user perspective, requirement and business aspects. Sustainability has emerged as one of the major driving forces for development, and covers the following four aspects: environmental, economic, social and culture. Very often the environmental aspect is primarily considered for sustainability but the other aspects are as important. Continual interaction with the industry enables to provide a better customised and cost-effective solution.

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).

Ring spinning machines from Zinser — a new level of efficiency in the commodity segment: At a length of 2,016 spindles, the Zinser 72 ring spinning machine breaks the 2,000 barrier and sets new standards for efficiency in the commodity segment. The machine is super-long, super-economical and extremely user-friendly.

Rieter will exhibit a wide range of innovations at ITME 2016. As the world leader in compact technology, Rieter will show the K 42 compact spinning machine and the G 32 ring spinning machine with EliTe®. The learning system Rieter ´UPtime´ Solutions, which supports the preventive maintenance of plants, represents a further step towards the digitisation of spinning mills.