MMF accounts for 68 per cent of all fibres consumed worldwide, and its usage has been growing in clothing, carpets, household textiles and a wide range of technical products, and much more. ?In India, 70 per cent of the market is cotton focused and the remaining 30 per cent is MMF, whereas globally it?s vice versa?, said Khurshed Thanawalla, Managing Director, Oerlikon India Pvt Ltd.
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T he Clothing Manufacturers Association of India (CMAI) honoured Meena Bindra, Chairperson, BIBA with the Lifetime Achievement Award. Rahul Mehta, President, CMAI and Shantilal L Shah, Founder Member & Past President, CMAI, presented the award to Bindra at Apex Awards 2015 Night held on October 28, 2015 at NCPA, Mumbai.
Solvay Group is investing in fibre and smart polyamide textile yarn production technology to meet the growing market demand for innovative textile products. The investment, of around $50 million, is being made in the latest equipment in texturing area and the modernisation of textile weaving machines in Santo André (Brazil).
Garware-Wall Ropes Ltd. (GWRL), one of India’s leading players in the technical textiles sector
T T Ltd., one of the leading textile players in India, celebrated the completion of 25 years of public listing by ringing the Silver Bell in Bombay Stock Exchange (BSE). The glittering function hosted by Chairman-Founder Dr RC Jain was presided by Padma Bhushan awardee DR Mehta (ex-SEBI Chairman) in the International Convention Centre of BSE in Mumbai.
A growing orders index for Italian machinery companies in foreign markets, while on the domestic front the positive orders trend is hit by a setback over the past six months. Said Raffaella Carabelli, President of ACIMIT: “2015 has closed well overall in terms of orders, with a growing sense of confidence for 2016.â€Â
Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer has reported a net profit of Rs 15.65 crore for the Q3 of FY 2015-16 as against Rs 12.63 crore in the corresponding period of 2014-15, a rise of 23.8 per cent.