Dollar secures spinning mill to enhance production capacity
Dollar – the Rs 300-crore hosiery brand based in Kolkata has procured a spinning mill in Tamil Nadu in order to enhance its manufacturing capacity. The company has acquired the spinning mill for Rs 30 crore and is likely to spend an additional Rs 35 crore for the expansion of its capacity.

According to the Managing Director of Dollar Industries – Vinod Gupta, currently, the spinning mill has a capacity of producing 18,000 spindles which is likely to be enhanced to 22,000 spindles in the coming months. The acquisition is also expected to help the company to save the value added tax (VAT) on yarn.

INVISTA makes global organizational changes
Invista Apparel President Dave Trerotola has announced changes to the global organizational structure of the world’s most influential producer and marketer of differentiated fibre and related textile innovations, including Lycra® fibre and a host of other high visibility offerings.

In order to foster innovation and enhance service, Invista’s spandex business has created a new western region and eastern region to serve its global base of customers.

INVISTA sets goal to reduce its energy intensity 20 percent by 2020
INVISTA, maker of LYCRA® fiber and STAINMASTER® and ANTRON® carpet fibers, has established a global goal to reduce its energy intensity 20 percent by 2020. The goal is part of the company’s commitment to use energy efficiently as it provides value-added products and services for its customers and society.

To achieve this “20 by 2020” goal, the company will seek to further optimize its current energy practices in addition to making capital investments at its manufacturing facilities that reduce the amount of energy used per ton of product.

Outlook for Indian retail sector gloomy: Deloitte
The outlook for the organised retail sector in India is gloomy as the economy is slowing down following a period in which monetary policy was tightened to fight inflation, according to a global study by Deloitte Touche Tohmatsu.

The study, christened 2012 Global Powers of Retailing, says although the monetary tightening resulted in slower economic growth, it did not bring the inflation down. And because of this, policy makers are faced with the conundrum of slow growth with persistent inflation, it says."Indian retail sector offers significant potential for growth of modern trade but given the recent policy flip flop related to FDI in multi brand retail, both global retailers as well as existing Indian organised sector retailers appear to have adopted a cautious 'wait and watch' approach before committing fresh investments," RajanDivekar, senior director of Deloitte India.


NRDC files lawsuit against nanosilver
The Natural Resources Defense Council has filed a lawsuit in the US federal court to try to limit public exposure to antimicrobial nanosilver used in clothing and other textiles.

The lawsuit is looking to prevent the Environmental Protection Agency (EPA) from allowing nanosilver onto the market "without the legally-required data about its suspected harmful effects on humans and wildlife", it says.

The move follows the decision by the EPA in December 2011 to allow HeiQ Materials to use nanosilver in fabrics for the next four years while it generates data on toxicity to human health and aquatic organisms.

Indorama to setup India's first manufacturing unit for spandex in Himachal Pradesh
The Singapore-based Indorama Corporation is already considering a second manufacturing unit in India — for polyester fibres used in hygiene products. This even as the first domestic facility of the company — a spandex plant, comes on stream next month.

“Globally, we are the largest hygiene sector supplier to most of FMCG majors, but in India the market is not very developed yet,” MrAmitLohia, Managing Director, Indorama Corp, told Business Line.