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Rieter's order intake grows by 16%
March 2018
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing. The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.
Udeshi conferred with SRTEPC Lifetime Achievement Award
March 2018
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, recently gave away export awards in a function held on January 27, 2018 in Mumbai. Present during the occasion was: Smriti Zubin Irani, Union Minister of Textiles & Information and Broadcasting; Ajay Tamta, Union Minister of State for Textiles; Anant Kumar Singh, Secretary, Textiles; Dr Kavita Gupta, Textile Commissioner; Rughani, Vice Chairman; Anil Rajvanshi, Convenor, Export Award Committee; and Rajen Udeshi of Reliance Industries.
Applied DNA Sciences to launch recycled PET
March 2018
Fully source-verified, recycled polyethylene terephthalate (PET post-consumer) is the clear plastic best known for packaging bottled water, and is the most widely recycled plastic in the world. Applied DNA Sciences Inc is collaborating with GHCL Limited, a global manufacturer of home textiles, and Reliance Industries Ltd (RIL), India’s largest private sector company and the first to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – to launch CertainT verified recycled PET (rPET) bedding products at New York Home Fashions week, to be held from March 19 to 22, 2018.
India not to impose ADD on PSF
February 2018
The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, Government of India, has concluded that imposition of anti-dumping duty (ADD) is not warranted on imports of polyester staple fibre (PSF) from China, Indonesia, Malaysia and Thailand.
Vietnam’s cotton imports soar in Jan 2018
February 2018
Cotton imports by Southeast Asian nation of Vietnam have surged by around 50 per cent in January 2018, compared to the same month of the previous year, according to data from the country’s ministry of industry and trade. The US, followed by India, Australia, Brazil and Ivory Coast were the major suppliers of white fibre to Vietnam during the month.
SRTEPC honours RIL with 5 gold trophies
February 2018
The Synthetic & Rayon Textile Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, has conferred Reliance Industries (RIL) with a series of awards for its exceptional performance in exports of fibres and yarns. RIL’s president, polyester chain, has also been recognised for his contribution in the textiles industry.
HeiQ’s Fresh FFL odour control technology at ISPO
February 2018
HeiQ, a leader in textile innovation making effective, durable, and high-performance textile effects in the market, is displaying its HeiQ Fresh FFL (Fresh For Long), a 100 per cent bio-based odour control technology for the sportswear and intimate segment,etc.
Birla Cellulose is No.1 for sustainable forestry management
February 2018
Canopy’s Hot Button Issue ranks the world’s top viscose producers on their progress on eliminating endangered forests from their supply. Birla Cellulose of the Aditya Birla Group has been ranked No.1 globally by the NGO Canopy, in its Hot Button Report for it work on the conservation of ancient and endangered forests. Birla Cellulose has a ‘light green shirt’ ranking in the updated and expanded edition of the Hot Button Report released recently, which ranks 11 viscose rayon producers that represent 70 per cent of global viscose production.
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