Oerlikon Signs Agreement To Acquire High Precision Polymer Flow Control Equipment Supplier INglass textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.
Oerlikon (Pfaeffikon, Switzerland) has acquired INglass S.p.A. (Polo di Piave, Italy), including its HRSflow hot runner manufacturing business, in a deal the Swiss company says will accelerate the diversification of its manmade fibers business into plastics processing.
Oerlikon has a flow control components business, featuring gear metering pumps for textiles and other industries, including automotive, chemical and paint markets. HRSflow will be integrated into this existing business to form the Oerlikon Flow Control Solutions Business Unit, which is part of the Oerlikon Polymer Processing Solutions Division. That unit was formerly knows as the Manmade Fibers division. The deal is expected to close in the second quarter of 2021.
KTR Seeks Centre s Aid To Develop Handlooms And Textiles In Telangana Dec 24, 2020, 17:23 IST
Minister KTR sought funds from Centre for development of Handlooms & Textiles in Telangana
In a letter to Union Minister for Women Child Development and Textiles Smriti Zubin Irani, Minister KTR sought funds from the Union Budget 2021-22 for the development of Kakatiya Mega Textile Park, and sanction of Mega Powerloom Cluster at Sircilla and sanction of certain proposals for the development of Handlooms & Textiles in the Telangana State.
Minister KTR in the letter stated that the Kakatiya Mega Textile Park (KMTP) at Warangal would take off in FY 2021-22. “KMTP is being developed at a total estimated project cost of ₹ 1552 Cr of which the core infrastructure works would cost approximately ₹ 1094 Cr. We have aligned our project activities such that major external and internal infrastructure works at KMTP can be taken up immediately upon receipt of the proposed financial suppor