The Rieter Group has completed the acquisition of a 25 percent stake in Electro-Jet S.L. on December 14, 2018 upon approval by the Spanish antitrust authority.
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In future, China’s share is expected to further reduce because of gradual shift of global buyers from there due to rising manufacturing costs in China and availability of other lower cost destinations in other region.
In FY18, the domestic MMF industry in volume terms stood at 2,506 million kg. Domestic MMF demand witnessed an uptick of about 3.6% in FY18 on account of release of pent-up demand post the demonetisation and GST implementation.
The year 1959 was a memorable one. It saw the genesis of parent company (Texsspares Machine Works) – a star was born on the horizon of textile-based machinery manufacturers. Over a time spanning over four and a half decades, we have established an identity, carving for ourselves a niche in the corporate world of man-made fibre, VFY polyester and sewing thread industry because of our excellent machines, backed by exemplary post sales service.
The Indian Government’s decision to raise the duty drawback rates will boost textile and apparel exports, experts said
Global Textile Expo (TEX TN) will be conducted by the Government of Tamil Nadu at CODISSIA Trade Fair Complex, Coimbatore to encourage further development of textile industry in Tamil Nadu at a cost of Rs 2 crore.
City-based textile processors have tied up with state government-owned Gujarat Energy Development Agency (GEDA) and Man-Made Textiles Research Association and Man-Made Textiles Research Association in south Gujarat, including Surat.