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Indian textile sector losing edge: CITI
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Textile mach imports rise 24% in FY19
Import of textile machinery and accessories in 2018-2019 grew 24 per cent compared to the previous year, Jugal Kishore Pansari, president of Indian Textile Accessories and Machinery Manufacturers’ Association (ITAMMA), said.
UP to develop textile park in Farrukhabad
With the aim to promote textile industry in Uttar Pradesh, the Yogi Adityanath government has decided to set up a textile park in Farrukhabad for which land has been acquired and investment has been arranged.
Jeff Jacobson appointed CEO of EFI
Electronics For Imaging (EFI) has announced the appointment of Jeff Jacobson, a 30-year veteran of the digital imaging and industrial technology sector, as Chief Executive Officer, effective immediately.
Oerlikon Barmag bags 2 orders from China
Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers.
LANXESS to sell chrome chemicals biz to Chinese firm
Cologne – Speciality chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies on August 12, 2019, signed a respective agreement.
Lenzing posts solid growth despite challenges
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.
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