Top economist to deliver keynote at World Textile Summit

One of the world’s most eminent economists, Professor Barry J. Eichengreen, will be a keynote speaker at the ITMA-ITMF World Textile Summit, in September.Prof Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley. His most recent book, published this year, is ‘Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System’, and last year he co-edited ‘Emerging Giants: China and India in the World Economy’.He is also a Research Associate of the US National Bureau of Economic Research and a Research Fellow...

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Digital textile printing to feature heavily at Sign & Digital UK

Organisers of Sign & Digital UK have noticed a trend developing from amongst their many exhibitors that indicates a growing demand for digital textile printers and finishing equipment in the UK. Many of the key players in this market have spoken to them about their intentions to show wide format digital textile printers, dye-sub calendars and a range of sewing, welding and eyeleting products to finish the print workflow.Sign & Digital UK will take place at The NEC, Birmingham during April 12-14.Entry is free to the show if you pre-register on line and here are just some of the ones you will see at the show:Fujifilm’s Euromedia range...

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EFI VUTEk TX3250r springs a textile surprise on Sign & Digital

EFI is bringing to this year's Sign & Digital UK the fruits of its experience across all wide-format inkjet technologies and RIP and production solutions. To add to its leading UV-curable solutions for display producers and sign-makers, the company is demonstrating for the first time its trend-setting EFI VUTEk TX3250r 3.2 m dye sublimation fabric printer, which is a result of the growing demand from users wanting the ability to print onto greener textile materials.Sign & Digital UK is going to take place in NEC, Birmingham during April 12, 14, 2011.Thanks to dye sublimation technology, the TX3250r dyes fibre directly so the textile...

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HOZA CUTTER from Krefeld to participate in Texprocess

The HOZA CUTTER GmbH will exhibit on Texprocess in hall 4.0 A91 their cutting units to integrate/installation into/behind cloth inspection machines or stenter frames. So the customer can save a lot of money, because to cut the edges or do a middle cut he does not need any longer a complete rewinding and slitting machine. Also it saves the customer one step of working.The cutting units can be equipped with crush cut blades, circular blades as well as ultrasonic cutting systems. Using the ultrasonic cutting system the textile including minimum 20% synthetic fibre the edges will be fixed during the cut and the textile cannot fray out.In case the...

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Intertek awards 'Compliance Practitioners Initiative' certificates

The first class of Compliance Practitioners Initiative (CPI) Certified Quality Engineers were awarded their certificates along with membership cards in a grand function in Bangalore held on February 18.A total of 11 recipients from leading organizations like, Shahi Exports, Texport Syndicate, Texport Industries, Madura Garments, Kolor Koncepts etc were present and the certificates were presented by Intertek senior personnel and by industry leaders.Speaking at the ceremony, Mr. Prakash Nair, CPI Certified Quality Engineer and GM Quality at a leading export house, Texport Syndicate, said, "This certification will add a lot of value to my career...

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“Donot extend fruits of TUFs to imported second-hand machinery” – Mr Panchal

“The fruits of the very successful Textile Up-gradation Fund scheme (TUFs) should not be extended to those importing second-hand machinery”, echoed, Mr Jayendra Panchal, Director of the 98 years-old Ahmedabad-based textile machinery manufacturer – Shakti Auto Loom Manufacturing Pvt Ltd.Mr Panchal was reacting to the recent announcement made by the Textile Commissioner; Mr Joshi with regards to the soon to be announced refurbished TUFs.Speaking exclusively to Fibre2fashion, Mr Panchal said, “Weavers across India have been importing second-hand weaving machinery under TUFs. This comes at a very heavy cost to the Indian textile machinery manufacturers...

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‘Refurbished TUFs likely soon’ – Textile Commissioner

Termination of the Technology Upgradation Fund (TUF) Scheme in June last year, severely hit the large as well as the medium scale units in the textile sector. However, it is expected that the scheme aimed at up-gradation of the textile units in the sector may soon be restored in a renewed form.Textile Commissioner, A B Joshi revealed that the Scheme was discontinued for the sake of reviewing the present structure, and that the Government is expected to restore the scheme, shortly.He said this while addressing major industry players at a seminar. Discontinuation of the fund badly hit many of the textile units, and thus the Government was called...

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Easing import rules on machinery boosts textile sector

Prime Minister’s advisor on textile affairs, Mirza Ikhtiar Baig, lauded foreign investor’s role in the development of its textile industry.Inaugurating the Italian Textile Technology Seminar, organized by Italian Trade Commission - Pakistan, he said that the Italian textile machineries were contributing in a very big way. Italy is the 5th largest exporter of textile machineries to Pakistan with 10.11 percent share after China (22.7%), Japan (19.55%), Germany (18.22%) and Switzerland (14.9%).Pakistan government’s decision to withdraw duties on imported textile machineries under National Textile Strategy 2009-2014, has proved to be a big boost...

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Reiter sells its stake in LMW under share buy-back scheme

Enam Securities Pvt Ltd on behalf of Lakshmi Machine Works Ltd has issued this Post Buy Back Public Announcement to the Equity Shareholders / Beneficial Owners of the equity shares of the Target Company, which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated December 24, 2010 issued on December 27, 2010 & Letter of Offer dated January 31, 2011 ("LOF") regarding completion of Buy Back Offer is in compliance with Regulations 19(7) of the Securities & Exchange Board of India (Buyback of Securities) Regulations, 1998, as amended (Regulations").A. The Buy back:The Equity Shareholders in connection...

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Members of UCMTF to attend Techtextil 2011

The French machinery manufacturers group, which considers itself as part of the technical textiles industry, will welcome technical textiles and nonwovens producers at TECHTEXTIL 2011 (Frankfurt, May 24-26)“We understand the unique needs of the technical textiles producers and the importance of providing them tailored solutions to address their specific requirements. Our main objectives are to help them design new marketable products and produce them in a safe and cost efficient way. That’s why we encourage our members to attend TECHTEXTIl next May in Frankfurt” states Evelyne Cholet, Secretary General of the French Association of Textile Machinery...

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1st World Textile Conference By TAI

The Textile Association (India) – Central Office is organizing a global level conference, for the first time in India, on a much larger scale and in a much broader format than our regular annual conference; World Textile Conference, it’s to be held in Mumbai on May 6 to May 7, 2011 at Intercontinental, The Lalit, Sahar Airport Road, Andheri (E), Mumbai. The theme of this conference is “Vision 2020: Emerging New Opportunities Worldwide and Challenging Business Strategies.”The aim of the conference is to provide an interactive opportunity, and to create a very positive atmosphere where the entire textile fraternity can benefit by discussing, meeting...

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Swiss textile machinery, item of key import - Consul General

Consul General of Switzerland, Didier Boschung recently stated that, a big trade delegation including those from textile industry of Pakistan is planning to pay a visit to Switzerland in May this year, to survey the trade prospects in Switzerland and to enhance mutual trade between the two nations.He called upon the industrialists to join the delegation, which is being arranged by the Swiss Business Council (SBC) in association with the Swiss Consulate General Karachi and Swiss Asian Chamber Zurich.Further, Boschung expressed hope that the two countries would generate new prospects and bring about new business opportunities to strengthen the...

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Picanol Weaving Machines experiences a strong year in 2010

The consolidated turnover of the Picanol Group for the 2010 financial year amounts to 395.77 million euros, an increase in turnover of 58% compared to the turnover of 250.23 million euros in 2009.The turnover of Picanol NV increased by 55% from 170.21 million euros in 2009 to 264.08 million euros in 2010, mainly as a result of a strong increase in the volume of weaving machines sold. The contribution of Picanol NV’s turnover to the consolidated turnover totals 66.7% in 2010.The gross profit of the Picanol Group for the 2010 financial year was 81.94 million euros, compared to 23.62 million euros in 2009. The gross margin increased from 9.4% to...

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Low-carbon product display under one roof

With increasing global awareness of environmental protection, textile suppliers show uprising demand for environmental friendly machinery produced by social responsible textile machinery makers. The 15th International Exhibition on Textile Industry ( ShanghaiTex 2011), being the long-standing textile machinery exhibition in China which will be held at Shanghai New International Expo Centre, Pudong, Shanghai during June 14 - 17, 2011, has welcomed the environmental call from the Government which promote a low-carbon economy.By providing a professional platform for industry players to display sophisticated products and machineries with environmental...

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Leading Indian entrepreneur to speak at ITMA-ITMF World Textile Summit

The co-founder and managing director of one of India’s biggest integrated textile enterprises is to address international industry leaders at September’s ITMA-ITMF World Textile Summit, in Barcelona, Spain.Dilip B. Jiwrajki has been responsible for steering Alok Industries Limited through a quarter of a century of astonishing growth and is recognised as one of a handful of Indian entrepreneurs who correctly read the impact of the dismantling of bilateral trade quotas during the past decade and responded imaginatively to the opportunities of the new business order.With immediate family members, he incorporated Alok Industries in 1986, setting...

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SUESSEN with new Managing Director

Mr. Harald Szczepanek was appointed Joint Managing Director by the Board of Directors of Spindelfabrik Suessen GmbH, effective December 1st, 2010.He succeeds Mr. Erich Casanova, who left SUESSEN after eight very successful years and reaching his retirement age.With Mr. Harald Szczepanek we were able to engage a very experienced expert in the field of textile machinery.Harald Szczepanek completed his studies of mechanical engineering at the University of the Federal Armed Forces in Munich (Dipl. Ing.). At the beginning of his career he was employed by a number of companies as head of production and development. Subsequently, Harald Szczepanek...

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Members of VDMA have high expectations for ITMA event

ITMA 2011 in Barcelona (22 – 29 September 2011) is on everyone’s lips in the sector. What are the comments of the exhibitors regarding the most important exhibition of the textile machinery industry? What can customers of the textile and garment industry worldwide expect from “Made in Germany” presented at ITMA? Please find below the CEO’s comments from the leading exhibitors of various sectors.Heinrich Trützschler, General Manager - Trützschler, Hall 2, Stand B 131 “At the attractive venue of Barcelona we expect a high visitor frequency for ITMA 2011, in particular from the growing markets of Latin America as well as Central and South East...

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Ludhiana sewing machine & RMG sector fumes after budget

Ludhiana, the industrial hub of Punjab experienced a severe jerk on the last day of February, as Budget 2011 brought its key sewing machine and readymade garment (RMG) industries under the cover of central excise duty, thus compelling the sector representatives to launch an agitation against the decision.A central excise duty of 10 percent on branded garments and one percent on sewing machines has been proposed under the Budget for 2011-12 fiscal.Clothing and sewing machine industries are the core industries of Ludhiana. Thus, distressed by the proposal of subjecting these core industries to central excise duty imposition, the industry representatives...

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We are back on the growth track - CEO of Uster

Uster Technologies AG, the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry, announced sales of CHF 132.8 million in FY 2010, an increase of 31.8% compared to the prior year figure of CHF 100.8 million. Growth was driven by significantly improved overall economic conditions in all major markets and the recovery in textile machinery investments spearheaded by the Asian markets, most notably China.The Group further strengthened its strong market position and delivered impressive margins. EBITA reached CHF 34.6 million (2009: CHF 22.7 million) improving the margin to...

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