Yiwu H&G to feature best in knitting & braiding machinery

China (Yiwu) International Exhibition on Hosiery, Knitting, Dyeing & Finishing Machinery (also named as “Yiwu H&G”) is the first UFI (The Global Association of the Exhibition Industry) approved hosiery, knitting and braiding machinery exhibition in China. It has long been recognized as the ideal platform for showcasing the world's best hosiery cum seamless underwear machineries, parts and accessories.

Yiwu H&G 2009, to be staged from 18-20 November at Yiwu International Expo Centre, Yiwu City, Zhejiang Province, PR China, will come to its 10th anniversary this year.Undoubtedly, Yiwu H&G 2009 will draw much attention from the industry, and create breakthroughs in terms of content and product zoning in 2009 edition to ensure a fabulous fair for visitors from around the world.

Since its inception in 2000, Yiwu H&G holds annually in Yiwu City, Zhejiang Province, PR China. Developing along with the textile industry, Yiwu H&G is now regarded as the most professional and international exhibition of its kind in China. In the last fair, there were 130 exhibitors from 9 countries / regions including Bangladesh, Germany, Hong Kong SAR, Italy, Japan, Korea, PR China, Switzerland and Taiwan Province, exhibition area reached 9,000sqm. Yiwu H&G is listed as the must-attend fair and ideal souring platform for many enterprises, in particularly for those from knitting industry.

As the renowned knitting machinery exhibition in China, Yiwu H&G exhibits a wide collection of knitting machineries, parts and accessories, including the knitting & hosiery machines, seamless underwear machines, crochet knitting machine, dyeing & finishing equipment, knitting yarns and related fibres. Apart from the knitting section, garment machinery is another highlight which include braiding machines, zipper making machines, label printing machines, sewing machines and related equipments. With explicit theme zones, Yiwu H&G serves as the one-stop sourcing platform to bridge the upper and lower stream of knitting industry. Stepping into its 10th anniversary this year, the organizers of Yiwu H&G will host related concurrent activities and invite international experts to join the event.

Read More..

ChromaBlast-R/Ricoh GX7000 for producing customized wearables

Condé Systems is now offering the ChromaBlast-R Professional Cotton Decorating System for the Ricoh GX7000 ink jet printer - a very fast, low cost, and reliable desktop system for producing customized wearables with extreme color, an incredibly soft image feel, and unmatched washability.

With a print speed of forty-five seconds per tabloid print, low image costs, and reliable gel-based ink output on 8.5"x11" or 11"x17" ChromaBlast Transfer Media, the ChromaBlast-R/Ricoh GX7000 system is a terrific alternative to direct-to-garment printing or screen printing. "We thoroughly tested this solution," stated David Gross, President of Condé Systems. "We believe the quality of the Sawgrass ChromaBlast product and the realibility of the Ricoh GX-7000 printers will create a consistent, profit-generating system for digital decorators." The features of the powerful ChromaBlast-R Driver enable users to easily optimize color output for photographs, vector graphics or spot colors. Users are no longer limited to OEM driver capabilities or a single ICC profile.

The introduction of ChromaBlast-R Cotton Decorating System for the Ricoh GX7000 printer comes on the heels of the incredible success of the Ricoh GX7000 as a sublimation printer. Introduced in November 2008, the GX7000 was the first non-Epson desktop ink jet sublimation transfer printer supported by Condé Systems. This dramatically fast desktop printer (CMYK cartridges) can print an 8.5"x11" page in 25 seconds (compared to 1:51 for an Epson 1400, 1:48 for an Epson 4800, and 1:45 for an Epson 4880) and an 11"x17" page in 44 seconds (compared to 3:10 for an Epson 1400, 2:55 for an Epson 4800, and 2:48 for an Epson 4880). For maximum user convenience and productivity, the GX7000 provides up to three paper sources - a standard 250-sheet paper tray (up to 11"x17"), an optional 250-sheet paper feed unit (up to 11"x17"), and an optional 100-sheet Multi-Bypass Tray (up to 13"x19"). Visit www.conde.com for additional information and pricing.

With an emphasis on dye sublimation technology and the sublimation printing process, Condé Systems has become the recognized leader in the personalized products market by offering everything needed to get into the photo gift business including transfer systems, production software, blank imprintables, transfer paper and supplies, instructional videos, and workshops

Read More..

Shri Lakshmi Cotsyn aims to double production

Shri Lakshmi Cotsyn, a textile major based at Kanpur intends to expand its existing verticals. The company, aims to double the production of its denim, terry-towel, bed-linen and cotton products in coming 12 months and has allocated Rs. 27 billion for this expansion.

This project expansion will assist the textile major to achieve a turnover of Rs. 14 billion, by June 2010, against Rs 9.37 million at present. The required funds will be raised through a combination of equity capital, internal accruals, FI funding and a public offering (FPO).

Under this expansion plan, the company will earmark Rs. 3.78 billion for terry-towels to raise its capacity from 3,000 tons to 15,000 tons per year. It will also establish a 12 MW co-generation agro-based power plant for 100 per cent captive consumption and will invest Rs. 0.75 billion for it.

In addition to this, it will invest Rs 1.6 billion in fabric manufacturing, Rs 1 billion in black-out curtains, while and Rs 3.5-4 billion in backward integration of its existing facilities. The company aims to have strategic alliances with domestic as well as foreign buyers to expand its dealer network.

Revenue of the company has been increasing at a CAGR of 46 percent since last four years. It aims to lead the market in all its operating verticals and to expand the business in most of the foreign countries, while domestic market is its initial target. For this, it will expand its retail outlets in India by June 2010.

Read More..

Textiles Minister announces new initiatives for textiles sector

The Ministry of Textiles has taken several initiatives within a short time frame to substantially redeem the commitments made in the ‘Agenda for 100 Days’, to strengthen textiles industry, provide funds for modernization and Technology Up gradation and operationalize Textiles Parks. Several initiatives were also taken for skill development and welfare of persons engaged in Handicrafts, Handlooms, Power looms and Sericulture sectors.

Thiru. Dayanidhi Maran, Union Textiles Minister said this, while outlining details of the initiatives taken during 100 days.hiru. Maran said that these initiatives are just the beginning, we have a huge task cut-out before us to maximize the productivity and welfare of stakeholders and tackle the issue affecting the holistic growth and development of textiles industry and employment generation.

The Textiles Minister said that to provide professional education covering the entire spectrum of textiles an Indian School of Textiles will be set up by upgrading the Sardar Vallabh Bhai Patel Institute of Textile Management (SVPITM), Coimbatore. The school will engage itself in research and consultancy to impart learning, create and disseminate knowledge about textiles in addition to focus upon technology support systems on entire textile chain. It would also undertake comprehensive consultancy services for the industry.

For compliance of Environmental and Social regulatory requirements, the Government will help the Textiles industry to build capacities for environment and social compliance with a view to capture overseas markets and meet global environmental standards like Oeko-Tech, Blue sign, EU Flower and Eco-Level, said Thiru. Maran. As the Government recognizes that innovation is the key to survival in the globalized world, upgradation in technology, machinery, products and processes is necessary for the industry to fully exploit the opportunities available globally. To achieve these objectives, Thiru Maran said that the Ministry will promote Research & Development in Textiles Sector including Handlooms and Handicrafts to provide a ‘Common Technology Platform’ on commercial basis for promotion of new technologies towards value addition and product diversification.

Read More..

Brahmaputra Cracker to invest Rs 8.96 bn in new projects

Brahmaputra Cracker and Polymer Limited (BCPL) will spend Rs. 896 crore on project activities during FY 2009-10. This was shared by Mr. B. C. Tripathi, Chairman BCPL and Chairman and Managing Director, GAIL (India) Ltd. while addressing the shareholders of the Company during its second Annual General Meeting here.Orders for critical equipment are being progressively placed from end August 2009 to January 2010.

Shri Tripathi also said that the financial closure for the project would be achieved by next month. The Job of Lead arranger for financial closure has already been awarded. GAIL will make an equity contribution to the extent of Rs. 188 crore. Along with the capital subsidy of around Rs. 316 crore; OIDB loan of Rs. 267 crore and current balance of around Rs. 124 crore, this would be sufficient for the requirements.

Over Dimension Consignment is a major issue in taking the project forward. Logistical arrangements for the project are difficult in the northeast region. This is particularly true of heavy engineering equipment as well as requirement of qualified and skilled manpower to implement the project. At present the manpower for the project is being met through drawing from the parent company GAIL (India) Ltd. Reviews of the project implementation are being taken in a regular manner at the highest level in the Company i.e. by Chairman BCPL and these constraints are being dealt with effectively to expedite the project. Shri B.C.Tripathi, Chairman, BCPL took stock of the current status of the project activities and advised the officials to keep a close monitoring and review of the critical project areas.

BCPL has so far made a total financial commitment of around Rs. 1720 crore for the project. Final Basic design and Engineering packages for all units have been received and accordingly material requisition and ordering of equipment are in progress. The Company has placed orders of over Rs.990 crore and tendering for other items to the tune of Rs.1400 crore is in process. Site delivery will progressively start from May 2010 and is likely to be completed by September, 2011. Similarly, orders for critical works are being placed progressively from November 2009 to May 2010.

The Company has achieved several significant milestones including completion of barbed wire fencing, topographical and geotechnical surveys, pipeline and hydrological route survey, infrastructure for construction power and construction of site office. Various site activities such as administrative block building, site grading, plant building and non-plant building works, product warehouse, piling works and boundary wall for

Read More..

Technology investments help fibre sector prune costs

The man-made fibre sector in Indonesia has received a boost, with three major manufacturers having invested US $7.1 million on new plant and machinery which will help them cut costs.

The three fibre manufacturers are PT Teijin Indonesia Fiber Corp., PT Indonesia Toray Synthetic and PT Sulindafin. The new machinery will run on cheap gas instead of costly electricity and help them make competitive.

Giving out details, the Secretary General of the Indonesian Synthetic Fiber Producers Association (APSYFI) said that, the new machines are capable of slashing between 5 and 10 percent of the current energy costs incurred by the companies. These three companies had purchased the new machineries under the technology up-gradation programme initiated by the government, which entitles them to claim a subsidy of 10 percent on total investment.

Read More..

Remove clause in FTP on capital goods imports - CITI

In a report presented to the Ministry of Commerce, Confederation of Indian Textile Industry (CITI) has requested it not to exclude exporting textile units which had availed funds under the Technology Up-gradation Fund scheme (TUFs) from taking benefit of importing capital goods at zero duty rates.

In the Foreign Trade Policy (FTP) announced by the Commerce Ministry, it had permitted exporters from a few identified, including textiles, to import capital goods under the EPCG scheme at zero rate of duty, but barred those who had availed funds under the TUF scheme.

The report put forth the argument that many of the small and medium size textile units, which had taken advantage of the TUF scheme and are facing the brunt of the economic crisis, would not be able to take advantage if they wished to import capital goods, to modernise their plants.

Read More..