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22% more visitors at ITMA Milan
ITMA 2015, held in Milan from November 12-19 at the Fiera Milano trade fair grounds, closed its doors with some significant statistics.
Chinese cotton imports hit all-time low
Chinese cotton imports reached an all-time low in September, as large domestic inventories reduced reliance on foreign supplies, at a time when economic slowdown is weighing on demand. China imported just 50,900 tonnes of cotton in September, a decline of 59 per cent YoY. This is the lowest monthly import since records began in 2005, and the second month of record low imports in a row.
Arvind bags Energy Conservation award
Arvind Limited, one of the largest integrated textile and apparel majors in the country, has again bagged first prize in the National Energy Conservation Award 2015 in the textile sector, given by the Ministry of Power, the Government of India.
Welspun revenue up 4%
Welspun India has achieved a revenue at Rs 14,723 million against Rs 14,135 million, a 4 per cent growth YoY. Growth rate was muted on account of base effect and capacity constraints. During Q3FY16, incremental volume from modernisation project at Vapi will be available.
Kanoria’s African venture
Kanoria Chemicals & Industries Ltd is back in textile business after a gap of two decades. The company is in talks with H&M, Peter Van Heusen, Velocity, Raymonds and Arvind to sell denim from its plant in Ethiopia. The company has made an investment of about $50 million in the African country to take advantage from duty-free exports to the US and the European Union.
The textile machinery industry should invest more in R&D
Located in Coimbatore, Sieger Spintech Equipments Pvt Ltd offers cost-effective solutions in sheet metal fabrication, textile machinery and industrial automation. D Srinivasan, Director of Sieger Spintech, talks on the company’s performance at ITMA.
Colorant & Color Root participates in Interdye Asia
Leading reactive dyes manufacturer and exporter, Colorant had jointly participated with Color Root, China in Interdye Asia Exhibition, 2015 held on December 3-5, 2015 at Ahmedabad organised by Shanghai International Exhibition Company.
Sustainability due to minimal application
Deep in the southwestern corner of Germany, in a region known affectionately by locals as the ?Ländle?, ?the little country?, stands Weitmann & Konrad (Weko), the inventor of a non-contact rotor system for precise, metered application of liquids and chemicals to fabrics.