The year 2019 was challenging for the Indian textile industry with exports of textile & apparel declining by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November); thus, impacting the textile machinery segment as well.
Browsing: man-made fibres
Over the next decade, global demand for viscose fibre is projected to grow faster at seven to eight per cent, while specialty fibres like modal/micro modal, dyed, excel (Lyocell) expected to grow even faster, says Ajay Sardana.
The Technical University of Munich (TUM), Oerlikon, GE Additive and Linde are collaborating to create an additive manufacturing cluster.
Oerlikon announced that Philipp Müller has been named Chief Financial Officer (CFO) and member of the company’s Executive Committee, effective January 1, 2020, succeeding Jürg Fedier, who will retire at the end of December 2019.
The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue.
Liva participated at the Delhi Edition of YARNEX Exhibition to facilitate their brand partners who showcased products made with Liva fabrics.
Grasim Industries bagged the Dun & Bradstreet Corporate Award 2019 for its stellar performance in the textile sector.