Indorama Industries Ltd, manufacturers of spandex yarns in India, on Wednesday announced doubling its INVIYA? spandex yarn production to 10000 tons by the 2014 end. After an investment of Rs 400 crores in early FY 2012-13, the company has now accelerated their expansion in order to meet India's growing demand for Spandex yarns. Indorama Corporation Ltd., a $10 billion company, commenced production of spandex yarns in India in March 2012 at their plant in Baddi (Himachal Pradesh). Being the onl

Srinagar, Apr 24: In a major jolt to already beleaguered Pashmina industry in Kashmir, the death of more than 20,000 Changra goats in Ladakh’s Changthang area has caused severe shortage of wool. The artisans said the shortage has pushed up the rates of Pashmina wool impacting severely their daily earnings. “The rates have increased manifold. The dealers are attributing the price hike to death of goats in Leh which has created shortage of Pashmina wool in the market. But we are actual suf

Save as PDF Add to Reading List Shahid Rajaie Port in Hormuzgan province will become the biggest cotton transit terminal in Central Asia, once the loading and offloading unit is established by the private sector. Stating the above, Ali Estiri, the head of the Ports and Shipping Office in Hormuzgan, told reporters on Tuesday that the unit will cover an area of 15 hectares with a 6-kilometer railroad, IRNA reported. Estiri said three kilometers of railroads have already been completed and work

Korea's largest online retailer plans to expand its wool fashion sales. GS Home Shopping fashion manager is visiting Australia to see woolgrowers, and sign an exclusive deal, to showcase where wool comes from, for the online shopper. The company's sales of woollen garments have grown by about 30 per cent for the past four years. Brian Kang, of GS, says the company also sells wool garments online in China, India, Turkey, and Indonesia. "Our customers are interested in the high quality of wo

Fiberweb, a manufacturer of high performance, technical nonwoven fabrics, has announced a $15 million expansion at their Middle Tennessee location. This follows their $12 million investment in 2010/2011 to build a state-of-the-art research and development center designed to solidify Fiberweb's position as a leader in materials technology. And a 2009/2010 investment of $25 million to construct an onsite shale-gas powered utility plant, placing the company's four-year investment in the site at $

EDANA, the International Association Serving the Nonwovens and Related Industries, has disclosed European annual statistics on nonwovens production and deliveries for 2012 during its recent Nonwoven Producers Forum. Jacques Prigneaux, EDANA’s market analysis and economic affairs director, described the evolution by nonwovens process leading to an overall growth of 2.2% in production volume for 2012, despite an unfavorable macroeconomic context in Europe. The total deliveries reached the level

An eight-story building named Rana Plaza in the Savar neighborhood on the outskirts of Dhaka collapsed at 9:00 a.m. on Wednesday, April 24, 2013. As of Wednesday evening, 130 garment workers were onfirmed dead, and the death toll continues to rise. There were over 3,000 workers in the Rana Plaza building, of whom some 1,500 have been rescued. An estimated 1,000 workers have been injured, many hospitalized and many in need of blood transfusions. Workers have lost toes, legs and hands. Five to six

Coach’s sales for the third fiscal quarter ended March 30, 2013 have increased by 7 percent compared with the same period of the prior year. Net income for the quarter has risen by 6 percent compared to the prior year’s third quarter. Operating income was up 3 percent over the previous year’s quarter. Gross profit increased 8 percent. At quarter-end, the company operated seven locations in Singapore, 27 in Taiwan, 10 in Malaysia and 49 in Korea. For the third fiscal quarter total North American

On Tuesday 23 April H & M Hennes & Mauritz AB held its Annual General Meeting and approved the dividend of SEK 9.50 per share in accordance with the Board of Directors’ proposal. As advanced by the Swedish retailer in a statement released on Tuesday after the meeting, the record day is 26 April 2013 and the dividend is expected to be paid out by Euroclear Sweden AB on 2 May 2013. The Annual General Meeting adopted the income statement and balance sheet for the parent company and the gr

American label Tommy Hilfiger, which is owned by PVH, has appointed Gernot Lenz to the newly-created role of chief operating officer for Europe. Lenz, who has worked at Tommy Hilfiger in Amsterdam since 2007, has held various roles at the group including business development manager, director corporate planning and vice president of group strategic planning. In April 2010 he took on the position of senior vice president of operations and business development, and became executive vice presiden