Home / Knowledge / News / Textiles / 'Continue investing in innovation' - Mr Nair, Dow Corning
'Continue investing in innovation' - Mr Nair, Dow Corning
10
Dec '08
Recession is a word abhorred by most economists, but it is here to stay and is affecting the lives of billions of people across the globe and also upsetting calculations and projections of most companies in the textile and apparel sector.

The unexpected meltdown resulting from the sub-prime crisis in the US has turned upside down the projections of the best managed companies in the world. It has also taken its toll of those companies who were aspiring to jump to the next level on the back of unprecedented growth of the last few years.

But recession does not differentiate between the big and small companies. The vital raw material supplier industry like chemicals, petrochemicals and fibres are likely to be affected the most since their scale of operations is much larger than that of companies in the downstream sectors.

Fibre2fashion spoke exclusively to Mr Padmadas Nair, a senior official at Dow Corning, the US based chemical multi-national giant in India to get his opinion on the crisis as well as a strategy to tackle the same.

Dow Corning was established in 1943 specifically to explore the potential of silicones. It was created as a joint venture between Corning Glass Works (now Corning, Incorporated) and The Dow Chemical Company.

Today Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 20,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services.

According to Mr Nair, "It is extremely important for the textile chemical industry to continue investing in innovation even during these challenging times. This is the only way we can continue to bring sustainable solutions which enable our customers to differentiate and create value for their products - and thus successfully navigate during this difficult phase”, he concludes by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search