MARKET & ECONOMY
Textile manufacturing firm, KPR Mill, plans to double its processing capacity at a cost of Rs 120 crore. The project is set to be completed in nine months and the firm plans to fund its expense through internal accruals and debt.
China plans to restart auctions to sell off some of its 11 million metric-ton stockpileâ€â€the world’s largestâ€â€in the second half of April, a move likely to keep cotton prices under pressure meanwhile. China’s National Development and Reform Commission, an economic planning and development agency, will hold auctions from the middle or end of April to reduce its cotton stockpiles, according to CNDRC.
The Board of Directors of Rieter Holding AG has appointed Jan Siebert to Rieter’s Group Executive Committee, effective April 1, 2016. Jan Siebert will be in charge of the Machines & Systems Business Group.
Colorant Ltd, Ahmedabad , one of the leading reactive dyes manufacturer and exporter since last 15 years displayed their new range of Colron Reactive Dyes which is having high exhaustion and better fixation than the normal reactive dyes at the 2nd Color & Chem Exhibition at Faislabad, Pakistan.
Textiles made from carbon-fibre rovings are particularly suitable for reinforcing concrete, since carbon fibres weighing approximately 1.8 g/cm3 are four times lighter and, with a load-bearing capacity of 3,000 N/mm2, are six times more efficient than conventional steel-reinforced concrete.
INDA, the Association of the Nonwoven Fabrics Industry, has announced 15 leading companies are finalists in five categories for its IDEA16 Achievement Awards, in partnership with Nonwovens Industry magazine. Voting is now open online.
The new Montex 8500 from Monforts includes several new features and options including an optional integrated support belt for heavy coated fabrics; a newly designed operator’s platform with improved access; enhanced visualisation introducing ‘smartphone’ features; a new stentering chain; and an Eco Booster heat recovery module where an additional Exhaust Air Cleaning device can be added.
The Textile Machinery & Accessories Industrialists Association of Turkey (TEMSAD) has joined hands with the Dyers Association of Tirupur (DAT) to organise the INDIA/TURKEY Textile Machinery Technology and B2B Opportunities Workshop to be held in Tirupur, Tamil Nadu on May 4, 2016.
The Federation of Hosiery Manufacturers? Association of India (FOHMA) is the apex body for the hosiery industry in India. Over the past four decades, FOHMA has been constantly endeavouring to come out with new initiatives to assist the industry in becoming world class and organised to benchmark itself against the best in the world.