MARKET & ECONOMY
According to the Chairman?s Order No. 7 of the People?s Republic of China, the newly revised Law of the Peoples Republic of China on Protection of the Rights and Interests of the Consumers (Consumer Protection Law) (1) became effective on 15 March 2014.
During the 10 month period of April 13 — Jan 14, India exported 1,082 million kg of cotton yarn worth US$ 3.75 billion.
According to the Chairman´s Order No. 7 of the People´s Republic of China, the newly revised Law of the People´s Republic of China on Protection of the Rights and Interests of the Consumers (Consumer Protection Law) (1) became effective on 15 March 2014.
Arvind Limited has recorded strong growth in the consolidate revenue by 34 per cent at Rs 1,879 crore for the quarter ended 31st March 2014, as against Rs 1,406 crore in the corresponding quarter of the previous year.
The Australian Competition and Consumer Commission (ACCC) recently conducted a general market surveillance of 199 items and discovered four pairs of jeans and a pillowcase that contained potentially harmful azo dyes above commonly used acceptable limits.
On 15 April 2014, the European Parliament voted in favour of new rules to improve the safety of consumer products on the EU market, including products imported from outside the EU. Improved identification and traceability will ensure the quick removal of unsafe products from the market.
China?s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) and the National Standardization Management Committee published the No. 22 Standard Notice of 2013.
Archroma has recently announced further major price increases on a wide range of its dyes for the textile industry. The main driver for the increases is the growing pressure from increased environmental controls in the production of important raw material and dye intermediate chemicals in Asia, especially in China.
Germany-based Terrot GmbH, a leader of circular knitting machine manufacturing, has taken over the operational business of the insolvent PILOTELLI Macchine Tessili S.r.l., based in Cazzago San Martino (Brescia) by signing the corresponding contract today at a notary in Milan with the receiver in insolvency Dott. Flavio Rada.