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In a series of measures to boost internet commerce across the European Union, the European Commission has proposed simplifying value-added sales tax (VAT) requirements for online retailers. The Commission has already made its plans public in order to make parcel deliveries more affordable, protect consumers when they buy online and to limit geo-blocking, the practice of barring consumers in one country from buying from a provider in another.
Currently, online traders of goods have to register for VAT in each of the EU countries to which they sell goods, a significant barrier given it can cost about €8,000 euros to comply per country. Under the new rules, European companies selling goods online will be able to cover all their VAT obligations across the bloc via their own national tax authorities. The Commission said simplified rules on VAT would save EU businesses €2.3 billion and would also make it easier for smaller companies to trade across borders.
To support start-ups and small traders, companies would be able to sell goods upto €10,000 to other countries in the EU and treat them as domestic sales subject to local VAT rules. For larger businesses, they would no longer be needed to provide two pieces of evidence to identify the location of customers. In future, one piece would suffice. The proposals are part of an EU drive to reduce ‘red tape’ and show it is working for its citizens in the face of a crisis of confidence following Britain's vote to leave the bloc and the rise of populist eurosceptic parties. The new rules will also ensure VAT is paid in the country of the final consumer and help governments recoup some €5 billion of last VAT from online sales per year.
Leading Chinese and global companies say there is huge potential for increase in nylon consumption. Oversupply, demand, capacity, as well as future outlook and strategies were among the other points discussed at the forum.
Huang Wei from Fiber Raw Material Department of Sinopec Chemical Commercial Holding says there is a huge potential for nylon consumption and the markets may begin to shake off the burden of oversupply in 2019. Wei focused on caprolactam fundamental changes and market perspective and discussed carpolactam market outlook. He made these comments at the 14th China International Polyamide & Intermediates Forum. The Forum, supported by Nylon Committee of China Chemical Fiber Association (CCFA) and China National Chemical Fiber Corp., was organised by China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem in Shanghai.
Song Manjun, of Fujian Shenyuan New Materials highlighted China's role in a changing world. He pointed out that China is achieving self-sufficiency in caprolactam with improving quality, and gaining strong influence in Asia and globally on pricing and trade flow. He also mentioned that global PA6 growth is mainly from fibre, while China dominates spin PA6 market, with more export of high quality. Though EP and film applications have quality gap, he said, more Chinese players are stepping in.
As cheap imported textile products continue to flood the market pushing the domestic industry to losses, the Indonesian Textile Association (API) has called on the government to regulate imports. The domestic market was expected to continue to be flooded with imported products in the next two to three years, says API chairman Ade Sudrajat. And to protect the domestic market, imported textile products have to be managed. So would the illegal smuggling of used clothes, he added.
Ade says the government could control the wave of textile imports primarily from China, by setting a reference price. As per Industry Ministry data, the textile industry experienced a loss of Rp 30 trillion ($2.2 billion) per year due to rampant illegal smuggling.
In a rejoinder the ministry's director general for chemicals, textile and miscellaneous industry, Achmad Sigit Dwiwahjono said it would collaborate with the Trade Ministry and the Directorate General of Customs and Excise, Indonesia to curb illegal imports. The utilisation of textile's upstream industry currently stands at 50 to 60 percent. Thus, there should be a new policy to support the industry.
The company will be demonstrating the latest versions of its products – overhead travelling cleaner (OHTC), automatic bobbin transport systems and yarn conditioning plant. Speaking on the product on display, V Balasubramanian and V Benny Jerald, Managing Directors, Mohler Machine Works, said, “Our target customers are from the spinning and weaving sectors. We intend to meet lots of them, both from India and overseas customers, during the event.” Speaking about the key characteristics that give the company the competitive edge, they said, “Our areas of strength are quality, performance and after-sales services which have been already proved their worth in local and export markets. These are the areas where we never compromise.”
Going into details about the company’s plans, they said that they are going in for a completely new production facility in the future. Elaborating on the company focus on exports, they said, “We are the largest exporters of OHTCs in India. Our products are exported to Turkey, Bangladesh, Indonesia, Pakistan, etc. More than 60 per cent of our production is exported. We expect the trend to continue for other products also.”
Textechno's new capacitive evenness tester for filament yarn COVAFIL+ with its new capacitive sensor design and a high-speed yarn twister achieves all requirements on an effective and reliable quality control system. The concept to operate the COVAFIL+ either as a stand-alone unit or in combination with Textechno's well-proved filament yarn testers DYNAFIL ME and COMCOUNT guarantees highest testing efficiency and flexibility, as - apart from tensile strength and elongation - all relevant yarn parameters can be determined with one test system only.
STATIMAT ME+ represents the new generation of the Textechno automatic tensile testers for yarns. Textechno's 'Cotton Control Line' is widened by several new instruments. The focus will be on the enhanced fibre bundle length and strength tester FIBROTEST, the Micronair Station FMT, as well as the automatic fibre-length-, impurity- and spinnability tester MDTA 4, now available from Textechno.
The FAVIMAT+ is the first and only tester to combine six single-fibre test methods in one instrument. The instrument can be used to test a wide variety of fibres, including Aramide, UHMWPE, glass and carbon. The test process can be fully automated by means of the AIROBOT2 system linked to the FAVIMAT+. The AIROBOT2 system features a tensionless storage for up to 500 fibres together with a fully automatic transfer mechanism, which feeds the fibres to the FAVIMAT+ testing instrument without using pretensioning-weights. ECHNO’s solution for those customers, who need a fast tester for single fibre linear density and tensile properties, is the FAVIGRAPH.
TumKalip Aparat, a Turkish manufacturer of spare parts for new generation of European make weaving machines since the last 30 years, will be showing its range of quality spare parts at ITME India in hall 6, stall D-11. TumKalip will also be promoting its high-tech coating technology for used Rapier Heads, like TiO2 and TC also called tungsten carbide coatings.
TumKalip produces and markets spares for Projectile looms, Rigid Rapier looms and Flexible Rapier looms. It will be exhibiting a wide range of spares, especially for new generation models of Projectile looms; Rapier Heads for Positive Rapier machines; and a new product line of Flexible Rapier loom spare parts. TumKalip also recoats old Rapier Heads through its hi-tech coating technology, thereby assuring an extended life for the old Rapier heads, translating into high cost savings for Rapier machine users.
TumKalip, which was working through agents till now in India, has recently setup its Indian subsidiary, TumKalip India Pvt Ltd, to offer better and faster services to its Indian customers. “We have been producing best quality spare parts for European make weaving machines since the last 30 years. This deep experience and use of high quality raw materials help us to deliver spares of impeccable quality to our customers across the world,” said Aakesh Bhongade, Director, TumKalip India Pvt Ltd.
Ahmedabad based Rabatex Industries has lined-up the latest and innovative weaving preparatory technologies including battery operated as well as manual material handling and storage equipment, including accessories like creels for technical textiles applications at the India ITME exhibition in Hall 6, Stall No. H6D8. Among its various technologies, Rabatex will showcase the high-speed sample warper, sectional warper machine, single end sizing machine; battery operated warp beam carrier with healdframe support and cloth roll doffer carrier and also display creels for technical textiles at ITME India.
The Rabatex high speed Sample Warping Machine model RI 6001 is primarily for production of samples and short production warp at very high production rate. The RI 6001 has a robustly constructed warping drum, suitable up to widths of 2400 mm and for warping lengths between 21 and 450 metres (depending on thread density) and suitable for yarn range from 5 to 500 Tex.
“All our technologies, including those on display at ITME India are very robust and so require very less maintenance. We have developed these technologies through our in-house R&D team and go through rigorous tests before launching in the market,” said Haresh Panchal, MD, Rabatex Industries. “The various accessories that are used in our machines are sourced from renowned multinational suppliers like Siemens, Mitsubishi, Danfoss, Allen Bradley etc, which also ensures that the machines or equipment we market, are long lasting and trouble free,” he added.
Hangzhou Huahong Machinery Co Ltd will present its 'Long Guan' brand of textile machinery at ITME, hall 7, booth A4A. The company's main products are fully automatic rapier loom, fully automatic towel cutting sewing machine, fully automatic towel rapier loom, fully automatic air jet loom, fully automatic warping machine, bevel gear operator, valve, building structure, etc. Some of these machines are already installed at textile mills in Solapur, Ichalkaranji, Madurai and many other locations in India. 'Long Guan' brand products are also exported to Europe, the US and Middle East.
Italy based Santex Rimar Group will be present with all its brands—SMIT, Santex, Sperotto Rimar, Cavitec, Isotex, Santex Nonwovens and Solwa—in hall 5, stall B13 at ITME. SMIT, the latest entrant in the Santex Rimar Group, offers weaving machines with rapier weft insertion for home textiles, garments, terry cloths and customised solutions to produce special technical fabrics. SMIT Smart Platform is a structural architecture concept involving the whole machine project, from mechanics and electronics to communication systems and in the process, provides the most advantageous weaving opportunities and high levels of versatility.
Santex offers machines for finishing of knitted fabrics. Among machines for treatment of open width knitted fabrics, Santex offers Santashrink Progress, an integrated treatment system for shrinkage; Santashrink Jumbo and Super Jumbo for tensionless drying, shrinking and relaxing; ESC: Energy Saving Chamber for optimised drying through green textile process; Santacompact RD for levelling, steaming and compacting calander and Santasynpact also for levelling, steaming and compacting.
VAN DE WIELE will show all the new trends into carpet and velvet weaving, as the great handlook quality in reed density up to 1200 dents/m and 8 colours in Hall 6 stall D9 at ITME. The latest RCE (Rug and Carpet Expert) carpet weaving machines are equipped with fully free programmable smart frames and electronical jacquards with a new patented selection system, which gives the weaver big advantages such as easy maintenance and high efficiencies. The new high-density velvets developed in multiple colours are also an eye-catching item, which is very well appreciated by the Indian public. Due to the new SiV jacquard range, all possible velvet applications can be made easier than before.
BONAS will show his latest new jacquard model Ji for the first time in India. Ji is based on the successful and proven technology of the Si. During the ITME a Ji 2 with 2688 hooks will be on display on a Picanol double width rapier. The Ji has the advantage that it is equipped with a dwell allowing a better and longer insertion time for wide rapier machines.
