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On October 17, 2014 during the Annual Conference 2014 of the International Textile Manufacturers Federation (ITMF) in Beijing/China, the Committee of Management of the Federation elected Wang Tiankai (China) unanimously as the new President of the Federation for the next two years.

Global yarn production increased in Q2/2014 compared to the previous quarter due to higher output in Asia, South and North America and despite a drop in Europe.