| Corporate Updates |
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| Fong's appoints new CEO |
The Board of Directors of Fong’s Industries Company Limited together with its member companies (“the Fong’s Group”) has appointed Mr Alex W Y Wan as the Chief Executive Officer of the Fong’s Group with effect from 16th July 2008. |
| published August, 2008 |
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| Schaeffler Group seeks strategic stake in Continental |
Schaeffler Group, Herzogenaurach, is seeking to acquire a strategic shareholding of more than 30 per cent in Continental AG, Hanover, but not necessarily a majority stake. In order to acquire the shares Schaeffler Group is extending the shareholders of Continental AG a voluntary public takeover offer. |
| published August, 2008 |
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| Karl Mayer's dual strategy in China pays |
Textile machinery manufacturers are looking to China and have decided to target this market. This trend has been going on for some time now, and every international textile company has been taking advantage of this opportunity. |
| published August, 2008 |
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| Rockwell sees growing market in Asia's booming fibre industry |
Rockwell Automation, the leading global provider of industrial automation power, control and information solutions sees a burgeoning market for automation in Asia's fibre industry. Given that motors used in the process are among the largest energy users in a factory, the company hopes its solutions will enable savings and improved quality for the fibre producers as well as machinery makers. |
| published August, 2008 |
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| Sutlej Textiles gets GOTS/EKO & OE Certificate |
Sutlej Textiles & Industries Ltd, Mumbai (KK Birla group ) having spinning & dyeing units situated in Bhawanimandi, Rajasthan (Rajasthan Textile Mills) & Kathua , J&K (Chenab Textile Mills) has been granted authorisation to use GOTS/EKO Certificate (Global Organic Textile Standard) & OE (Organic Exchange) Certificate on 22nd of May, 2008 from Control Union Certifications, The Netherlands. |
| published August, 2008 |
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| Ril to invest $215 mn in US project |
Reliance Industries plans to launch a plant in the USA with its purchase of Unifi’s polyester facility at Kinston, NC, for approximately $12.2 million, where it has proposed an investment of $215 million. The former DuPont plant which manufactured partially orientated yarn ("POY") was acquired by Unifi in 2004 but the Greensboro-based company announced its closure just three years later. |
| published August, 2008 |
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| LYCRA® campaign taken into cyberspace |
Leading fibre producer INVISTA is pushing the marketing punch of its global "Some Clothes Love You Back" LYCRA® fibre brand campaign into cyberspace with the launch of a new feature packed portal.Covering 10 different languages, the site brings LYCRA® fibre to life with dynamic video and exotic imagery highlighting the sensual way that LYCRA® fibre is making clothes move, look and feel in swimwear, intimate apparel, ready-to-wear, legwear and activewear. |
| published August, 2008 |
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| Indo Rama Synthetics' net sales up 26.5% |
Indo Rama Synthetics (India) Limited, the country's largest dedicated polyester manufacturer, has announced its Annual and Q4 results for the financial year ended March 31, 2008. |
| published August, 2008 |
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| Clariant acquires Rite Systems/Ricon Colors |
Clariant, a world leader in speciality chemicals, announced today that it has acquired the combined companies of Rite Systems, Inc. and Ricon Colors Inc, leading US masterbatches suppliers with both liquid and solid masterbatches technology. |
| published August, 2008 |
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| 10 years of Suessen EliTe®Compact Spinning |
Here again is a real milestone in the long history of SUESSEN’s successful contributions to the world of spinning technology: In 1998, just ten years ago, SUESSEN delivered the first EliTe®Compact Spinning Systems to the Austrian customer Linz Textil. Thanks to him, and thanks to all of the many other customers, SUESSEN is now the leader in compact spinning technology with more than 2,800,000 EliTe® and EliTwist®Spinning Positions running in the world. |
| published August, 2008 |
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| BarcoVision Reorganisation |
Big changes are taking place in Barco group’s BarcoVision division, ahead of its proposed acquisition by Italy’s Itema. The much-delayed acquisition is still awaiting the approval of the European competition authorities. |
| published August, 2008 |
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| ComeZ knits success story in 5 continents |
The name COMEZ stands out in the industrial sector of the province of Pavia, and is a global leader in machinery technology for the production of narrow fabrics: "Crochet Knitting Machines", "Weaving Needle Looms" and "Double Needle Bed Warp Knitting Machines". |
| published August, 2008 |
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| Hyosung's creora® spandex output at Vietnam plant hikes capacity |
Hyosung, currently the second largest producer of spandex in the world, has started the production of creora® brand spandex at Nhon Trach, Ho Chi Minh in Vietnam.With a portfolio of innovative, quality products creora® is a major supplier to the global swimwear, intimate apparel, hosiery, sports/active wear, ready-to-wear and personal hygiene markets. |
| published August, 2008 |
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