Rashesh Shah takes over as FICCI president for 2017-18

2017/12 16 15:12

(L-R) Rashesh Shah, President; Sandip Somany, Sr Vice President; Sangita Reddy, Vice President Rashesh Shah has taken over as the president of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2017-18. Shah took over the responsibility at the conclusion of the chamber's 90th annual general meeting. Shah has spent over 25 years in […]

Rhodia is part of Sustainable Apparel Coalition

2017/12 16 15:12

Courtesy: Solvay Rhodia, a Solvay Group company with its smart and sustainable yarns and fibres, has joined the Sustainable Apparel Coalition (SAC), a not-for-profit international group committed to promote transformation of the textile chain through sustainability. Rhodia is the first company in Latin America to join SAC, which brings together over 200 global entities. More […]

Kraig Biocraft begins operations in new laboratory

2017/12 16 15:12

Courtesy: Kraig Biocraft Kraig Biocraft Laboratories, Inc., a leading maker of genetically engineered spider silk based fibre technologies, has completed the build out of its new laboratory space in its new research and production centre. The company is a fully reporting biotechnology firm focussed on the commercialisation of textiles and high performance fibres like spider […]

India’s cotton output projected at 377 lakh bales

2017/12 16 15:12

India’s cotton output in the 2017-18 season is likely to increase by 9 per cent to 377 lakh bales (of 170 kg each) despite lower production in Maharashtra and Madhya Pradesh, as per estimates by the Cotton Advisory Board (CAB). The northern region output is expected to rise by 28 per cent to 59 lakh […]

Lenzing reappoints Stefan Doboczky as CEO

2017/12 16 15:12

Stefan Doboczky Lenzing Group, a supplier of global textile and nonwovens industry with high-quality, botanic cellulose fibres, has announced in its meeting on December 13, 2017, that the Supervisory Board of Lenzing AG has decided to reappoint Stefan Doboczky as chief executive officer. The new contract will begin on June 1, 2018, and runs until […]

American Merchant to invest $19.9 mn to start Bristol plant

2017/12 16 15:12

American Merchant, Inc., a subsidiary of Merchant House International Ltd, a Hong Kong-based designer and manufacturer of home textiles, seasonal décor products and leather shoes, will invest $19.9 million to establish its first US manufacturing operation in Bristol, Virginia state governor Terry McAuliffe recently announced. The project will create 405 jobs. Virginia competed with Arkansas, […]

Epson set to participate in Heimtextil 2018

2017/12 16 15:12

Epson, a leader in inkjet printers and digital textile printing systems and technology, is set to partake in Heimtextil 2018, the international tradefair for home and contract textiles, to be held from January 9 to 12, 2018, in Messe Frankfurt, Germany, stand C10 – C12, hall 6. The company will show an extensive range of […]

SSM launches new products at ShanghaiTex 2017

2017/12 16 15:12

SSM, a leading supplier of precision winding machines in the fields of dyeing, weaving, and sewing thread preparation, and a subsidiary of Rieter Group, launched two new products at the ShanghaiTex 2017 expo. The PWX-CTM, for cone-to-muff, and the PWX-MTC, for muff-to-cone winding, generated large interest and got a huge response at the company’s booth. […]

Nomura foresees 7.5% GDP growth for India in 2018

2017/12 16 15:12

India's economy is on the cusp of a cyclical recovery and will witness a 7.5 per cent growth rate in 2018, according to the Asian Economic Outlook 2018 by global investment bank Nomura, which remains bullish on India's macroeconomic outlook. It predicts a 6.7 per cent growth for India in the fourth quarter and a […]

Strong exports, consumption fuel growth in Asia: ADB

2017/12 16 15:12

Economic expansion in developing Asia will accelerate to 6 per cent in 2017 as stronger than expected exports and domestic consumption fuel growth, the Asian Development Bank (ADB) forecasts. Excluding Asia’s newly industrialised economies, growth is now expected at 6.5 per cent this year, according to a new ADB report. In a supplement to its […]