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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Textile and Apparel Sector

Textile and Apparel Sector

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1Textile and Apparel Sector  Empty Textile and Apparel Sector Tue Jun 16, 2020 9:43 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
President Gotabaya Rajapaksa has decided to discontinue the importation of handlooms and Batik textiles to the country.
The decision was taken with the expectation of boosting the local production and attracting new producers to the industry.
This was stated during a discussion into the issues encountered by those who are engaged in the garment industry and textile industry at the Presidential Secretariat yesterday (June 15).
Finding additional market opportunity for locally produced readymade garments over apparels manufactured using imported materials was discussed in length. The promotion of locally manufactured garments will reduce the amount of foreign exchange that goes out of the country.
A higher standard in the production of school uniforms and other uniforms is necessary, President emphasized. It was decided to appoint a team of supervisors for this purpose.
President further stressed the importance of providing accessibility to those who are willing to enter the garment industry which at present is limited to a few.
In addition, the establishment of a broader market for readymade garment manufacturers and local traders through decisions taken in unison and the requirement of a base center conveniently accessible for the international market to purchase locally manufactured garments in bulk were highlighted during the discussion.
Furthermore, issues pertaining to the quality and prices of the threads and dyes imported for garment manufacturing process were discussed in length.
Minister Wimal Weerawansa, Secretary to the President, P.B. Jayasundera, Secretary to the Ministry of Industry and Supply Chain Management, J.A. Ranjith, Army Commander and the Chief of Defense Staff, Lieutenant General Shavendra Silva, Governor Seetha Arambepola and several businessmen engaged in the garment industry attended the discussion.




GREG group  might be interesting in coming days......

http://www.satextile.com/fabric_products.php

2Textile and Apparel Sector  Empty Re: Textile and Apparel Sector Tue Jun 16, 2020 10:26 pm

bhanu


Manager - Equity Analytics
Manager - Equity Analytics
Greg ☠ seen this Soo many time.. Soo many people talking about..

3Textile and Apparel Sector  Empty Re: Textile and Apparel Sector Tue Jun 23, 2020 8:47 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

South Asia Textiles Partners with HeiQ Materials AG


June, 23, 2020


Textile and Apparel Sector  South-Asia-Textiles-Partners-with-HeiQ-Materials-AG


  • Partners with HeiQ Materials AG to use their textile technology HeiQ Viroblock on the knitted jersey fabric the company is producing a face mask program in the US.

  • HeiQ Viroblock NPJ03 is among the first textile technologies in the world to be proven effective against SARS-CoV-2 in the laboratory. Tests conducted by Swiss textile innovator HeiQ with the  Peter Doherty Institute for Infection and Immunity in Melbourne, Australia (Doherty Institute) showed that treated fabric achieved 99.99% reduction of the virus in only 30 minutes.

South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading brands across the globe and HeiQ Materials AG, a Swiss based global leader in textile innovation creating some of the most effective, durable and high-performance textile technologies currently available across the world, are collaborating to produce a specially treated fabric to be used for masks exported to the US (United States of America). South Asia Textiles’ knitted jersey fabric combined with HeiQ’s recently launched anti-viral and anti-microbial agent, HeiQ Viroblock NPJ03 was commissioned by a high-quality US brand working in close collaboration with partners in the US.
Commenting on the partnership, Mr Prithiv Dorai, Managing Director/Chief Executive OfficerSouth Asia Textiles Limited stated, “We are excited about the partnership with HeiQ and are hopeful that we can positively contribute towards the need of the  situation.  Our versatility and the ability to manufacture new technology enabled material within a short span of time is our key strength. The fact that we were nominated and selected for this project is a testament to consistency and superior quality standards that we maintain at South Asia Textiles”.
South Asia Textiles, a subsidiary of Ambeon Holdings PLC, commenced its commercial operations in 2004. The company also specializes in Knitting, Dyeing, Finishing, Printing, Brushing, Sueding and Preshrunk fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon and Adidas.
"At a time when the world is battling to create a better place amidst current global pandemic, the Ambeon Group is pleased to be able to continue support towards the betterment of the people of  Sri Lanka  and the world,” stated  Mr Murali Prakash, Group Managing Director Ambeon Capital PLC and Ambeon Holdings PLC. “As a member of the Ambeon Group, South Asia Textiles is one of Sri Lanka’s leading manufacturer of textiles supplying to global brands, innovating products to suit various requirements that arise. As such it is with great pleasure that we partner with HeiQ, our trusted innovation partner who created HeiQ Viroblock, for these specialized masks which we believe will make a difference in this global fight against the Coronavirus pandemic,” concluded Mr. Prakash.
HeiQ is the global leader in textile innovation specializes in research, manufacturing and marketing of high-quality, high-performance textile finishing. The Swiss-based material science organization with offices, R&D centers and manufacturing facilities on four continents continues to serve brands and textile mills globally. The company’s latest innovation, HeiQ Viroblock is an antimicrobial / antibacterial / antiviral textile technology specially engineered to work against enveloped viruses, such as influenza viruses and human coronaviruses. HeiQ Viroblock is among the first textile finishing technologies that have been successfully tested against the virus that causes the COVID-19 disease, SARS-CoV-2, in the laboratory, using the Viral Stability and Persistence test method. HeiQ Viroblock treated fabrics showed over 99.99% reduction of SARS-CoV-2 viruses after 30 minutes. In the case of Sendai viruses, over 99.2% viruses are deactivated within two minutes based on modified ISO 20743 method. Compared to untreated face masks, HeiQ Viroblock treated FFP2 face masks showed greatly reduced virus infectivity of key virus types: H1N1, H5N1, H7N9, Coronavirus (229E), and RSV in face mask testing.
Mr. Musa Raibin, VP South Asia Brandforce stated that “The Team at South Asia Textiles is one of most skilled in the region, with the necessary openness and eagerness to pursue innovation at the right time. We had a seamless onboarding process with the finishing team going above and beyond to ensure that every requirement was met perfectly. It has been a pleasure working with the team so far and we hope to continue this smooth collaboration for many more years to come.”

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