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Lotte Chemical Indonesia to invest in new petrochemical plant in Banten

Related Keywords: Banten, fulfill feedstock requirement of Lotte Chemical Nusantara, petrochemical plant in Cilegon, plans investment worth USD four billion, produce one million tons of ethylene per year, producting polyethylene, sister company Lotte Chemical Indonesia, South Korean chemical manufacturer Lotte Chemical Titan

South Korean chemical manufacturer Lotte Chemical Titan’s sister company Lotte Chemical Indonesia plans investment worth US$4 billion in a petrochemical plant in Cilegon, Banten.

Lotte Chemical Titan president director Yoon Sungku said that the new plant which is being built on 45 hectares of land can produce 1 million tons of ethylene per year.

The new plant would produce ethylene which might fulfill the feedstock requirement of Lotte Chemical Nusantara in producting polyethylene.

Thiry percent subsidy announced for upgradation of powerloom sector

Related Keywords: benefit the small powerloom weaver’s to survive, Bhiwandi district of Maharashtra, common facility center, comprehensive power-loom development scheme, government has increased subsidy by thirty percent, launched PowerTex India scheme, Union textile minister Smriti Irani, Upgradation of powerloom sector, yarn bank

Union Textile Minister Smriti Irani launched PowerTex India scheme, a comprehensive power-loom development scheme in Bhiwandi district of Maharashtra that will benefit the small powerloom weaver’s to survive. For Upgradation of powerloom sector she announced that government has increased subsidy by 30 percent.

On the occasion, Irani said that Bhiwandi will be known for resurgence in powerloom sector. Prime Minister Narendra Modi has directed them to start the scheme before March end so that people get the benefit from April.

Fabrics produced by Japanese manufacturers gets overseas attention

Related Keywords: instead of relying on trading firms, Japanese fabrics increasingly appearing in the collections of high end overseas brands, Japanese textile manufacturers, market their fabrics overseas, new face on the fashion scene, taken the initiative to promote their products themselves

Japanese textile manufacturers have taken the initiative to promote their products themselves instead of relying on trading firms to market their fabrics overseas. Hence Japanese fabrics are increasingly appearing in the collections of high-end overseas brands and a new face on the fashion scene.

Japanese manufacturers promoted the quality of their textiles to attendees at the recent Autumn and Winter 2017-2018 New York Fashion Week, a number of brands featured Japanese fabrics.

Haryana crafts textile policy to become global hub for textile

Related Keywords: came out with Textile Policy, ensure growth and modernisation, existing textile industry, global hub of textile manufacturing, Haryana state government on Saturday, incentivise setting up of new units, keen on marking Haryana, preferred investment destination.

Haryana state government on Saturday came out with Textile Policy 2017 to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry as it is keen on marking Haryana a global hub of textile manufacturing and a preferred investment destination.

This sector provides employment to about one million people and readymade garments worth $ 2 billion are exported from the state annually.

JBF Petrochemicals commissions PTA plant at Mangalore SEZ

Related Keywords: commissioned Purified Terephthalic Acid, highly environment friendly, JBF Petrochemicals step subsidiary of JBF Industries, Karnataka, Mangalore SEZ, most cost effective, PTA plant, uses British Petroleum technology, world largest single reactor train PTA plant

JBF Petrochemicals step subsidiary of JBF Industries has commissioned its Purified Terephthalic Acid (PTA) plant at Mangalore SEZ, Karnataka. This is the world’s largest single reactor train PTA plant.

The plant, with capacity of 1.25 million tonnes per annum, uses British Petroleum (BP) BP technology, known to be the most cost effective and highly environment friendly.

Production of PTA is a backward integration for JBF Industries and its subsidiaries abroad, making the company self sufficient in meeting its PTA requirements.

AEPC called for pragmatic approach to arrest rise of rupee

Related Keywords: Apparel Export Promotion Council, Bangladesh and Vietnam, called for strategy and pragmatic approach, China, depreciation of currencies of its competitors, Indian garment shipments hardly picking up, owing to a strong rupee, to arrest the rise of the rupee

The Apparel Export Promotion Council (AEPC) an apparel exporters’ body called for a carefully considered strategy and a pragmatic approach to arrest the rise of the rupee. As India’s garment shipments are hardly picking up owing to a strong rupee and depreciation of currencies of its competitors like China, Bangladesh and Vietnam despite government's intentions and support to the industry.

Trading at cotton market turn slow

Related Keywords: buyers and sellers withdrew to the sidelines, focuse on the coming phutti arrivals, Karachi Cotton Association left its spot rates unchanged, remained selective on quality fear, Some leading buyers, spinners remained eager to cover their long positions, striking deals on slightly higher price, Trading at cotton market turned slow on Friday

Trading at cotton market turned slow on Friday as buyers and sellers withdrew to the sidelines. Some leading buyers remained selective on quality fear while spinners remained eager to cover their long positions by striking deals on slightly higher price. The past two day’s brisk activity was no more evident as participants focused on the coming phutti (seed cotton) arrivals report.

The Karachi Cotton Association left its spot rates unchanged at Rs6,750 per maund on Friday.

Thies to partake at Techtextile with latest bleaching and dyeing solutions

Related Keywords: cost effective, highlight latest trends and innovations, iCone, manufacturer has specially designed machines, nonwovens, suitable for range of technical textile applications, take place this May in Frankfurt, Techtextil exhibition for technical textiles and nonwovens, Thies Textilmaschinen, used for a wide variety of fibres, yarns and fabrics

At the upcoming Techtextil exhibition for technical textiles and nonwovens to take place this May in Frankfurt, Thies Textilmaschinen will highlight its latest trends and innovations. The manufacturer has specially designed machines iCone that can be used for a wide variety of fibres, nonwovens, yarns and fabrics suitable for a range of technical textile applications.

Belarus may become a new European technical textiles production centre

Related Keywords: basis of Mogilevkhimvolokno, Belarus plans to build a new industrial cluster, installation of new German production equipment, largest producer of polyester fibres and yarns in Europe, new cluster will operate on full cycle basis, process of technical modernisation, processing of raw materials to the manufacture of finished products

Belarus plans to build a new industrial cluster on the basis of Mogilevkhimvolokno, the largest producer of polyester fibres and yarns in Europe. The new cluster will operate on full cycle basis, from the processing of raw materials to the manufacture of finished products. To date, the company has completed the process of technical modernisation, which took place through the installation of new German production equipment. With plans to increase technical textiles and nonwovens production, it may become a new European technical textiles production centre.

Americhem redesigns manufacturing plant to increase productivity

Related Keywords: Americhem Europe, factory workflow, first class workflow, give the plant a lean, increase productivity and product quality, leading provider of colour and additive solutions for synthetic fibres, plant wide renovation and redesign, product design through manufacturing to end product, renovations will allow better control efficiency

Americhem Europe, a leading provider of colour and additive solutions for synthetic fibres, is completing a plant-wide renovation and redesign of the factory's workflow to give the plant a lean, first class workflow that will increase productivity and product quality, according to the company.

Thomas Weigl, vice president and managing director, EMEA said that the work at their plant is the result of a desire to serve their customers and position themselves for growth in the Europe, Middle East and Africa (EMEA) region.

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