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Nanotextiles market to grow at CAGR 23.6%
The global market for nanotextiles should grow from $5.1 billion in 2019 to $14.8 billion by 2024 at a compound annual growth rate (CAGR) of 23.6 per cent for the period of 2019-2024
Reliance to make ‘sustainable clothing’ affordable
Reliance Industries (RIL), the world’s largest integrated polyester yarn and fibre producer, has taken a big stride to make ‘sustainable clothing’ affordable, taking a leaf from the success story of the group’s telecom venture Jio in getting volumes with competitive pricing.
Banana fibre venture yet to take off
The plan of Tamil Nadu Handicrafts Development Corporation Limited (TNHDCL) and Confederation of Indian Industry (CII), Tiruchi, to support ventures for large-scale extraction of banana fibre is yet to take off in Tiruchi region.
Lenzing fibres now fully biodegradable
Lenzing has received confirmation of full biodegradability of its fibres in fresh water by independent research laboratory Organic Waste Systems (OWS).
Oerlikon names Philipp Müller as new CFO
Oerlikon announced that Philipp Müller has been named Chief Financial Officer (CFO) and member of the company’s Executive Committee, effective January 1, 2020, succeeding Jürg Fedier, who will retire at the end of December 2019.
R|Elan™ sets up latest studio in Tirupur
R|Elan™, the next-gen fabrics from Reliance Industries Limited (RIL), launched its latest studio in Tirupur, to display its future ready innovative range of sustainable and performance fabrics created through specially engineered fibres
Lenzing weathers tough times to stand solid
Lenzing puts the focus on a stable and profitable growth as well as an improvement of the ecological footprint of the textile and nonwovens industries by expanding the production of speciality fibres.
Oerlikon sales increase in first half of 2019
The Group succeeded in increasing sales by 5.3 per cent to CHF 700 million, underlining Oerlikon’s structural growth and resilient business model built on technology leadership in long-term attractive markets.
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