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WACKER opens new production site in S. Korea
Wacker Chemie AG has opened a new production site for silicone elastomers in South Korea. The plant is located around 100 km southeast of Seoul at Jincheon, where the Group has already been producing silicone sealants since 2010 and speciality silicones for the electronics industry since 2012. In moving to the new site, WACKER is significantly expanding its production and therefore its position as a leading silicone manufacturer in the region. Some €15 million have been invested in the new production site.
SVPISTM organises training programme on meditex
The Department of Handlooms and Textiles, Government of Tamil Nadu and Sardar Vallabhbhai Patel International School of Textiles and Management (SVPISTM) jointly organised a series of workshops for the establishment of technical textiles activity.
TT in 30 Power Brand 2018 list
In a glittering ceremony held on March 5, 2018 in Mumbai, Brand TT was recognised as amongst the “Most Desirable 30 Brands 2018” and conferred Power Brand Status. Sanjay K Jain, Managing Director, TT Ltd, received the prestigious trophy and certificate from Bollywood superstars Vidya Balan and Mousumi Chatterjee.
Rieter's order intake grows by 16%
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.
"We expect business to improve in coming year"
Since 1985, Coimbatore-based Statex has been into production of fibre and yarn testing instruments. K Subramaniam, who is a graduate in engineering, is the Managing Director of Statex Group of Companies, with more than eight years of dedicated service in a textile research associations, where he concentrated in textile testing instrument R&D. Enriched with his guidance and direction, today Statex has established its name throughout the world.
S Korea-GCCI pact on textile
The Gujarat Chamber of Commerce and Industry (GCCI) recently signed a memorandum of understanding with an official delegation from South Korea led by the country’s consul general in Mumbai Kim Soungeun for cooperation between small and medium enterprises (SMEs) in Gujarat and Korean firms, with a focus on automobile, defence, chemicals and textiles sectors.