Oerlikon has acquired Germany-based AC-Automation GmbH & Co KG, an engineering company specialising in large-scale plant automation solutions for textile and packaging industries. The two companies have been partnering since the early 1980s. The integration of AC-Automation in Oerlikon expands the market-leading technology portfolio of its Manmade Fibers Segment. It also marks a milestone in Oerlikon’s ongoing quest to offer innovative, fully automated and digitally networked Industry solutions in the manmade fibre (MMF) industry.
Browsing: manmade fibre
“The manmade fibre (MMF) market has recovered in the last three months from the two impacts of demonetisation and GST,†said Andre Wissenberg, Vice President, Head of Marketing, Corporate Communications and Public Affairs, Oerlikon, while speaking on the challenges for the manmade fibre industry in a global environment.
Georg Stausberg, CEO of the Oerlikon Manmade fibres segment, recently inaugurated the company’s new service station in Vadodara, India
Globally, cotton is losing its share in textile manufacturing because of the stiff competition it faces from polyester and other manmade fibres.
Established in 1959, Umargaon Textile has carved a niche in the corporate world of manmade fibre, VFY polyester and sewing thread industry because of its excellent machines, backed by exemplary post-sales service.
The sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.
The sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.