The Confederation of Indian Industry (CII) announced Lakshmi Machine Works (LMW) – Textile Machinery Division as the most innovative company of the year 2020. LMW received the award for its innovative products namely, FixFil, Lap former LH20S and Speed frame LF4280 SX.
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The Rieter ring spinning machine G 37 and the compact-spinning machine K 47 meet all requirements for an efficient yarn production. They produce high-quality yarns with highest production rates and lowest energy consumption.
The Lenzing Group was recently awarded the coveted “State Prize for Innovationâ€Â. Lenzing emerged as the winner with its project Lenzing Web Technology and thus received the highest recognition for particularly innovative achievements in Austria.
The Ind-Ra report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
India is working to be a global hub in the man-made fibre (MMF) and technical textiles segments, including setting up five integrated textiles parks, a testing lab and starting a Focused Product Scheme, according to textiles secretary Ravi Capoor.
ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France.
Lakshmi Ring Travellers, Coimbatore (LRT) was incorporated in 1974. LRT’s operation has been organised into independent business specific clusters. Each of these business unit has its own facilities for market coverage and service to customers.