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Elgi’s mite to spread cancer awareness
Elgi Equipments will power the Coimbatore Marathon, to be held in Coimbatore, India on the 6th of October 2019. All proceeds from the marathon will support the Coimbatore Cancer Foundation in its efforts to spread cancer awareness among the masses.
Itema S.p.A. announces agreement for stakes in Schoch
Itema, multinational company part of Radici world of companies manufacturing advanced weaving solutions including weaving machines, spare parts and integrated services, announced on September 19, 2019 that the company has signed the agreement for the taking over of Schoch Group.
Pollution Board to set new norms for textile paddy straw
The Central Pollution Control Board (CPCB) will develop new standards and emission control norms for the textile industry to cater to the emerging ecological challenges and strengthen environmental compliance.
Gujarat tops on logistics performance index
According to a report released by the Commerce Ministry, as an indicator of the efficiency of logistical services necessary for promoting exports and economic growth, Gujarat has been ranked the topmost performer on the logistics index chart among 22 States. It is followed by Punjab and Andhra Pradesh, while Himachal Pradesh stood last.
EFI appoints new CFO
Electronics For Imaging, Inc has named veteran tech finance executive Grant Fitz as its new chief financial officer. Fitz replaces long-time EFI executive Marc Olin, who will assume the COO role at EFI. Fitz, who assumed his new CFO duties, brings nearly 30 years of financial and operational experience overseeing accounting, business support, and financial planning and analysis in the print marketing, tech and automotive fields.
GHCL launches “REKOOP 2.0”
During the New York Home Fashions Market Week, Fall 2019, GHCL launched REKOOP 2.0, an evolved and expanded expression, which comprises of a total of 12 innovative collections.
The growth engine of Indian textiles sector
With transformation of the Indian economy post liberalisation in the early 1990s, the demand and consumption of technical textiles products in India has been consistently increasing, says a report from KPMG.
Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.