11:09 PM
by Textile Industry ·
BASF plans to strengthen its position as the world’s leading chemical company. In its further developed strategy “We create chemistry,” the company outlines how it wants to achieve this. The Chairman of BASF’s Board of Executive Directors Dr. Kurt Bock, Vice Chairman Dr. Martin Brudermüller and CFO Dr. Hans-Ulrich Engel presented the details at a press conference in Ludwigshafen.
Bock pointed out that the company had achieved its leading position thanks to its successful strategy in the past years: “We will build on this and make a significant contribution to meeting the needs of a growing world population.” BASF sees population growth as a crucial trend that brings on the one hand enormous global challenges, but on the other hand offers many additional opportunities, in particular for the chemical industry.
In accordance with sustainable development, BASF will play a role with regard to conserving resources, ensuring healthy food and nutrition and improving people’s quality of life. “We have summarized what we do as a company in our corporate purpose: We create chemistry for a sustainable future,” said Bock.
Read entire post BASF strategies to become leading chemical company @ Fibre2fashion
3:56 AM
by Textile Industry ·
Huntsman Textile Effects (TE) officially opened its 13th new Formulation and Distribution Center (FDC) in Karachi, Pakistan. The 4,000 square meter boasts state-of-the-art equipment and new technology to bolster TE’s competitiveness and presence in the Pakistan market.
The new facility, located at the Landhi Industrial Area, provides a production platform in one of the pioneer industrial states in Pakistan and gives Huntsman further competitive advantage through convenient access and modern infrastructure.
Pakistan represents a fast-growing, dynamic market of increasing importance for Textile Effects, and the launch of this FDC strengthens TE’s committed to this textile market to provide best-in-class service and innovative solutions to customers and partners.
“With the opening of our new low cost production facility for formulated chemicals in Karachi to meet increasing local demand, we will considerably increase our competitiveness and flexibility in textile chemicals in this key Asian textile market,” said Mr Paul Hulme, President of Huntsman Textile Effects.
“Our well established partner SWISSTEX will continue to provide enhanced sales activities enabling us to concentrate on all formulation and production aspects using our cutting edge technology to develop innovative products and technologies, market solutions with intelligent effects to this growing market.”
Read entire post Huntsman Textile Effects opens 13th FDC in Karachi @ Fibre2fashion
1:35 AM
by Textile Industry ·
SGS India, a leader in the Inspection, Verification, Testing and Certification services, announced that the company recently inaugurated a new lab in Tirupur to serve the knit city’s textile and home textile manufacturers, exporters, buyers and domestic retailers.
The new world class testing facility located at College Road was inaugurated by Padma Shri Mr. A. Sakthivel, President of the Tirupur Exporters Association. The lab will serve clients with its enhanced restricted substance testing capabilities to meet requirements of International and Indian standards.
Product safety, quality and compliance requirements of REACH, CPSIA and Organic Cotton have increased the chemical test parameters in the textile supply chain. The new state-of-the-art facility is equipped to address these sustainability requirements of the garment industry.
Speaking on the occasion, Dr. G.Sudesh Kumar, Business Director, Consumer Testing Services, SGS India said, “It has been our endeavor to be in close proximity to our customer’s businesses. A lab in Tirupur was the next logical step towards enhancing SGS India’s ever increasing footprint in India.
Read entire post Tirupur ‘Knits Capital of India’ gets SGS testing facility @ Fibre2fashion
9:02 PM
by Textile Industry ·
About 40 major companies from 11 countries participated in the Textile Expo Uzbekistan 2011 which concluded recently in Tashkent. Besides Uzbekistan, the firms belonged to Republic of Belarus, China, France, Germany, India, Kazakhstan, Latvia, Poland, Russia and Turkey.
The Indian Council for Development of Cotton Textile Exports (TEXPROCIL) participated for the first time in the Exhibition, which saw about 20 percent of foreign participation, with the domestic companies accounting for the rest.
The motto of this year’s exhibition was “The Best Uzbek Textile – Successful Competition to Textile from China and Turkey”. While some foreign companies showed willingness to buy Uzbek textiles, other companies looked for establishing partnerships with local firms for supplying quality chemicals and dyes, yarns and accessories to them.
Domestic firms showcased wide range of high-quality textile products. Ready-made garment and knitted items were also presented at the event by local companies. The exhibition also presented foreign embroidered fabrics and textile art appliqué, sewing accessories, knitting machinery and synthetic fibres.
Read entire post Textile Expo Uzbekistan draws participation from 11 countries @ Fibre2fashion
2:54 AM
by Textile Industry ·
China Interdye, the world’s largest specialized exhibition of the dyeing and chemical industry is now also a touring exhibition called Asia Interdye. The first stop will be in Ahmedabad, India.
Huntsman Textile Effects will be there showcasing futuristic products and processes that highlight the efforts we are making to serve both our customers and the environment. With the high demand for digital, we will also present innovative textile inks for all types of digital printing machines and piezo print heads including the new industrial concepts.
As the integrated solutions provider, Textile Effects will be displaying concepts that will help customers be as creative as they wish to make an even bigger impact on their markets. No matter the fiber, no matter the process, we have a solution. We will also present our new program that assists mills in enhancing their productivity and quality – planned and executed together with them on-site.
Sustainability is still high on our priority list and where we continue to commit significant resources to developing technologies and products with lower environmental impact. This is best exemplified with AVITERA SE - the revolutionary new tri-reactive dye range that makes a quantum leap in water and energy reduction of up to 50%.
Read entire post Huntsman Textile Effects at Asia Interdye Touring @ Fibre2fashion
4:10 AM
by Textile Industry ·
SRF Limited, a multi-business entity engaged in the manufacture of chemical based industrial intermediates, posted a net profit after tax (PAT) of Rs. 107 crore for the quarter ended September 2011. Impacted by rupee depreciation, the company’s PAT de
clined by Rs. 14 crore during the quarter over the corresponding period last year (CPLY), registering 12% reduction.
The Exchange Currency Fluctuation alone had a negative impact of Rs. 34 crore to the company during the quarter. During the same period, SRF’s Profit before Interest, Exchange Currency Fluctuations and Tax improved by 22%, from Rs. 177 crore to Rs. 217 crore.
SRF’s revenue increased from Rs. 748 crore to Rs. 914 crore, recording a growth of 22% during the quarter. The unaudited financial results of SRF were taken on record by SRF’s Board in a meeting. The Board also approved an interim dividend at the rate of 70% amounting to Rs. 7 per share.
Read entire post SRF Registers 28% Growth In H1 Revenue @ Fibre2fashion
1:47 AM
by Textile Industry ·
Arkema presented to the Central Works Council a project for the new organization of the chlorochemicals and hydrogen peroxide activities at its Jarrie site.
The project, which aims to minimize significantly the local community’s exposure to risk as part of the Technological Risk Prevention Plan (PPRT), entails the conversion of mercury electrolysis in particular. It will also help consolidate the site’s hydrogen peroxide manufacturing activity while improving the competitiveness of the chlorochemicals operations.
Arkema presented to the Central Works Council a detailed project for the new organization of its Jarrie site in France.
The implementation of the PPRT, regulations on the use of mercury electrolysis for chlorine production, and the outlook for certain end-markets require an in-depth reorganization of the Jarrie site.
Read entire post Arkema confirms its project to reorganize its Jarrie site @ Fibre2fashion
11:09 PM
by Textile Industry ·
BASF has appointed Mr. Lütfü Okman as Vice-President of Global Business Management, Textile Chemicals Unit, and member of the Global Management Team of the Performance Chemicals division. He succeeds Mr Janardhanan Ramanujalu, who had been leading the business unit since 2007.
Lütfü Okman (43) started his career with BASF in 2004 as Regional Sales Manager of BC Turkey, Middle East & North Africa for Leather and Textile in BASF Türk Ltd. after extensive work experience with multi-national companies. He has since assumed several key management positions within BASF, including in 2007 as Managing Director of a public company (75% owned by BASF) under BASF Coatings in Turkey.
Lütfü Okman holds a M.B.A. from the Canterbury Business School at the University of Kent (UK) and a bachelor’s degree in civil engineering from the Istanbul Technical University.
BASF Textile Chemicals operates within BASF's global business unit - Leather and Textile Chemicals. BASF's Textile Chemicals business is a leading global supplier of chemical solutions to the textile industry.
Read entire post Mr Lütfü Okman to head BASF Textile Chemicals Unit @ Fibre2fashion
9:37 PM
by Textile Industry ·
Huntsman Pigments won the top prize at last night’s IChemE 2011 Awards ceremony in recognition of its revamped site in Calais, France. More than 400 guests from all over the world were in Birmingham, UK for the event celebrating a mix of industry and academic innovation.
Huntsman was awarded the Outstanding achievement in chemical and process engineering award (sponsored by BP) after turning a site threatened with closure into a thriving new revenue stream.
In 2008, the future of Huntsman’s Calais site looked gloomy, being difficult and expensive to run. But, by turning waste filter salts into sustainable fertilizers and securing new markets, Huntsman now has plans to build a new £25m fertilizer plant on the site.
Elsewhere, Sellafield Limited and Costain Energy and Process both celebrated double success. Sellafield Limited won the Core chemical engineering award and the Health and safety award, the former a joint entry with the University of Leeds and BHR Group. Costain’s Robert Smyth and Steve Jackson lifted the Young chemical engineer award and Innovator of the year award respectively.
The event, hosted by BBC television personality Hugh Dennis, also saw three UK universities clinch prizes.
Read more Huntsman wins top prize at IChemE Awards @ Fibre2fashion
11:18 PM
by Textile Industry ·
Kiri Industries Limited (KIL), one of the largest manufacturers and exporters of wide range of Dyes, Intermediates and Chemicals from India, has bought a Taiwan-based chemical distribution firm, SMS Chemical Co., for an undisclosed amount.
The acquisition is part of KIL’s forward integration, which would not only enhance the Indian firm’s global market share but would also help it to expand its customer reach.
Next to acquisition of Germany-based DyStar for a price of over Rs. 12 billion in February 2010, this happens to be the Ahmedabad-based firm’s second international acquisition.
KIL expects that the Taiwanese firm would contribute US$ 60 million to its revenue in 2012.
The chemical products distribution network of the profitable Taiwanese firm is spread across South East Asia.
Read entire post Kiri Industries Buys Taiwanese Chemical Distribution Firm @ Fibre2fashion
11:13 PM
by Textile Industry ·
FMC Wyoming Corporation announced that effective immediately, or as contract terms permit, it will increase the price of its Grade 260 “dense” soda ash sold to customers in South Africa by $20 per metric ton.
This increase is in addition the $30 per metric ton announced in April 2011. The increase is necessary for FMC to recover increasing costs and continue to invest in its operations as the global demand for soda ash increases.
FMC Wyoming Corporation is a subsidiary of FMC Corporation. FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products.
Read more about FMC Wyoming Raises Soda Ash Prices @ Fibre2fashion
11:02 PM
by Textile Industry ·
Sioen Industries n.v., producer of technical textiles, fine chemicals and high-tech protective clothing, announces its YTD results at the end of the third quarter 2011.
Consolidated Results (continuing operations) :
At the end of Q3, the Sioen Industries Group realized sales from continuing operations of EUR 243.5 million compared to EUR 215.5 million last year or a growth of 13 %.
Coating Division: extrusion of yarns, fabrics and coated technical textiles
This division achieved sales of EUR 149.6 million YTD Q3 2011, against EUR 132.2 million over the same period last year, or a growth of 13.2 %. This growth is driven by the direct coating (transport, textile architecture, camping, agriculture) on the one hand and by the online coating (construction and agriculture) on the other hand.
Read entire post Sioen Industries Enjoys Q3 Trading @ Fibre2fashion
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2:23 AM
by Textile Industry ·
With effect from 1st November 2011, Mr Rohit Aggarwal will be appointed Vice President, Strategic Marketing and Planning and Mr Kent Kvaal, as Vice President, Sales and Technical Resources. These new appointments will replace the current Strategic Business Units (SBUs) organizational structure for Apparels and Home Textiles (AHT) and Specialty Textiles (ST).
The change of leadership roles and re-alignment of the Textile Effects (TE) global business model builds on the success of the TE business strategy to become more market and customer focused. The new simplified structure will provide a stronger platform that will ensure greater flexibility and faster response times to customer and market demands in support of TE’s continued drive to achieve its business goals.
In their new roles, Mr Aggarwal will be responsible for the global strategic marketing and planning platform which include strategic marketing, marketing communications, product management, business development and the Formulation Distribution Center* organization with a clear focus to bring end user segment strategies to enhance value for our direct customers and brands and retailers globally.
Read entire post Huntsman Textile Effects Realigns Global Business Model @ Fibre2fashion
