Among the emerging markets for textile machinery, Vietnam is one of the most promising one. The heading target for the local authorities is to raise Vietnam up to the leading textile and apparel export countries.
US-based home textile company Nextt, which is as a key supplier to big retailers such as Walmart, Target, Kohl´s, Dillard´s, etc., may soon introduce its popular brands to Indian market, according to its CEO Arun Agarwal who has been in India to explore what he says ´Make in India´ possibilities.
Miller Weldmaster has announced the appointment of Jeff Sponseller as Chief Marketing Officer. In this capacity, he will be in charge of new product development, branding, positioning and product strategies.
The Cotton Council International organized an invitation only seminar evening recently at Trident Oberoi, Mumbai. The seminar offered useful insights on the global scenario of cotton and the cotton textile industry.
Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8 per cent in 2014 to 3.3 per cent in 2015 and eventually to 4.0 per cent in 2016, WTO economists have announced. Director-General Roberto Azevêdo said that ´by withdrawing protectionist measures, improving market access, avoiding policies which distort competition and striving to agree reforms to global trade rules, governments can boost trade and seize the opportunities that it offers for everyone.´
Demand for carpets and rugs in the US is projected to advance 4.5 per cent annually to 14.6 billion square feet in 2019, valued at $16.2 billion. Growth will be spurred by rebounding building construction expenditures and continuing consumer interest in replacement and remodeling projects, such as the removal of worn or out-of-style carpets & rugs.
Honourable Prime Minister of India Narendra Modi and Chancellor of Germany Angela Merkel visited Siemens AG and ABB booth at Hannover Messe 2015, the world´s biggest industrial fair. PM Modi has been actively furthered India as a manufacturing destination at Hannover Messe, promising an environment that is transparent, predictable, and stable.