Burton Snowboards’ 4% global staff gets the sack

Snowboards and outerwear maker Burton Snowboards has laid off around 4 per cent of its global workforce of 900 this week, as a fallout of what it termed as one of the company’s toughest winter seasons. Company president John Lacy, in an email to the employees, dated March 16, put the blame on the “unfavorable … Read more Burton Snowboards’ 4% global staff gets the sack

India’s trade barriers giving Nepal’s traders a hard time

Tariff and non-tariff trade barriers imposed by India, which happens to be Nepal’s largest export destination, accounting for nearly two-thirds of Nepal’s trade, have severely restricted Nepal’s export potential, including its textile business, believe traders and experts alike. Counter veiling duty (CVD) on Nepali ready-made garments, apart from copper and brass utensils and kattha, along … Read more India’s trade barriers giving Nepal’s traders a hard time

Matin Spinning opens new unit to produce melange yarn

With the recent boom in value-added fabrics in Bangladesh’s textile and garments industry, DBL Group has moved to production of melange yarn to meet the company’s growing demands. In view of this, Matin Spinning Mills, owned by the Group, has launched a new production unit at Kashimpur in Gazipur for this particular type of yarn. … Read more Matin Spinning opens new unit to produce melange yarn

Ludhiana’s Davinder Sandhu Impex to explore US market

Ludhiana-based Davinder Sandhu Impex is moving forward in multiple directions, with its focus now shifting to domestic as well as the US markets. Currently, manufacturing 40,000 pieces a day, the company is aiming to double its production within the next 2 years. Company MD Davinder Singh, who was recently honored with the CNBC Award for … Read more Ludhiana’s Davinder Sandhu Impex to explore US market