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Pic: Hollingsworth & Vose
US’ Hollingsworth & Vose to invest $40.2 mn for expansion in Virginia

4th Jan 2023

Hollingsworth & Vose, a manufacturer of nonwoven materials used in filtration and other applications, will invest $40.2 million to expand its operations in Floyd County, Virginia, the state’s governor Glenn Youngkin has announced. With this move, the company’s facility at 365 Christiansburg Pike Northeast will expand by over 28,000 square feet.

Pic: Devan Chemicals
Belgium’s Devan to launch biobased allergen control tech at Heimtextil

4th Jan 2023

Belgian textile innovator Devan Chemicals will launch Purissimo NTL, a biobased and readily biodegradable allergen control technology, at the Heimtextil trade show in Frankfurt, which will be held from January 10–13, 2023. The technology is based on probiotic encapsulation technology and aims to improve the lives of people who suffer from allergies.

Pic: Shutterstock
Jehong Medical to double its capacity in Bangladesh

30th Dec 2022

Jehong Medical Products (BD) Co Ltd, a China-based company, is setting up a new factory in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone in Chattogram to double its monthly production capacity to around 8 lakh pieces. The new factory will come up on an area of 21,000 sq ft is expected to start operation by the end of next year.

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India’s flexible packaging sector to grow by 5% in FY23: CRISIL

30th Dec 2022

India’s flexible packaging industry is expected to see a subdued revenue growth of 5 per cent in this fiscal, mainly due to falling raw material prices and lower realisation, according to CRISIL Ratings. The industry could also see a decline in operating margin by approximately 500 bps in 2022-23, compared to a growth of around 18 per cent in 2021-22.

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Indian govt invites research proposals for funding under NTTM

28th Dec 2022

The ministry of textiles, Government of India, is inviting research proposals for funding for design, development and manufacturing of machinery, tools, equipment, and testing instruments under the National Technical Textiles Mission (NTTM). The Indian government aims to position the country as the global leader in technical textiles manufacturing.

Pic: Shandong Xingdi New Material Co Ltd
Xingdi New Material starts new spun-bond line in China

27th Dec 2022

Shandong Xingdi New Material Co Ltd, which specialises in the production of PP spun-bond nonwoven fabrics, has started a new spun-bond line this month. The new line has an annual capacity to produce 12,000 tonnes of 3.2-metre fabric. The fabric manufactured in the new line would help in meeting the increased demand for making facemasks and protective...

Pic: Shutterstock/ Sony Ho
India’s airbag market to rise to ₹6K-7K cr by FY2027: ICRA

27th Dec 2022

India’s airbag industry is projected to grow to ₹6,000-7,000 crore by fiscal (FY) 2027, from the current levels of ₹2,400-2,500 crore, at a 4-year compound annual growth rate (CAGR) of 25-30 per cent, as per ICRA. The airbag industry is one of the fastest growing auto component segments and is expected to benefit from the increase in content per...

Pic: Andritz
Sweden’s Renewcell produces new fibre material with Andritz

23rd Dec 2022

Sweden’s Renewcell has produced a fibre material with the ADuro textile fibre preparation system from Andritz at its new site in Sundsvall, Sweden. Renewcell applies the process to produce pure dissolving pulp from 100 per cent textile waste. The product is finally transformed by Renewcell’s customers into new garments for the circular clothing...

Pic: Shutterstock/ Archroma
Switzerland’s Archroma gets EcoVadis Platinum rating for second year

22nd Dec 2022

Switzerland’s Archroma has announced the renewal of its EcoVadis ‘Platinum’ status and further improvement of its overall rating. The company has consolidated its position amongst the top one per cent best-rated companies. Archroma is a provider of specialty chemicals serving the branded and performance textiles, packaging paper, and coatings market.

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