12During the 13th Five-Year Plan period (2016-2020) in the first half of 2016, China’s Ministry of Industry and Information Technology (MIIT) is expected to release its development plan for the textile industry.China's textile industry is projected to maintain a double-digit growth and the authorities will take various measures to improve the sluggish textile industry.China’s textile industry will focus on industrial transformation and upgrading and move towards a high-end direction, according to a source of the China National Textile and Apparel Council. Given the rapid growth of the automotive industry, textiles for automobile use will embrace huge development in coming years, the sources added.According to experts, several developments that have taken place last year have been discussed, and were supposed to be reflected in the plan.The Chinese textile industry wants to re-establish internationally competitive advantages, introduce its own brands to the world, encourage enterprises to integrate value-added chains worldwide and optimize the structure of textile exports.Tianjin Yadong Longxin has entered into an agreement with India firm Camex Ltd, Ahmedabad based dye manufacturer to market range of basic dyes intermediates in India. Camex Ltd has signed a sole selling agreement with Tianjin Yadong Longxin International Ltd for the basic intermediates like H Acid, tobias acid, sulfo tobias acid and J acid.The association would help Camex to exploit its present marketing network along with Tianjin Yadong Longxin's expertise to sell products in Indian market. Tianjin Yadong Longxin, which manufactures dyestuff and dyestuff intermediates, focuses on products such as fast dyes, solvent dyes, H acid, tobias acid, sulfo tobias acid and J acid, etc. These dyes are primarily used for wool, leather, printing ink, silk and dyestuff manufacturing.Camex Ltd is engaged in production of reactive dyes, acid dyes, direct dyes and textile auxiliaries with its manufacturing facility located at Ankleshwar (Gujarat), the hub of dye industries.In a BSE filing on January 11, 2016, Camex said that the association will also help them to improve revenues and profitability in coming years.
2015-3-1 PolyOne Corporation, a premier provider of specialized polymer materials, services and solutions
PolyOne announced that its Board of Directors has appointed Robert M. Patterson, president and chief executive officer, effective May 15, 2014. Mr. Patterson, 41, succeeds Stephen D. Newlin, 61, who will retire as president and CEO and remain executive chairman of the PolyOne Board of Directors.Mr. Patterson has also been nominated for election to the PolyOne Board of Directors at the 2014 Annual Meeting of Shareholders.Mr. Patterson currently serves as executive vice president and chief operating officer, where he is responsible for developing and executing the annual operating plans and strategic plans to drive growth in revenue, gross margin and operating income. "I am privileged that the Board has selected me as the next CEO of this great company," said Mr. Patterson. "It is a tremendous honor to continue the remarkable transformation that Steve Newlin envisioned and has successfully executed since 2006. He has demonstrated clear and consistent leadership, which I will build upon in PolyOne's pursuit of continued growth as a specialty company."Reflecting on his more than eight years as CEO of PolyOne, Mr. Newlin said, "PolyOne's transformation has been an extraordinary and incredibly rewarding achievement – for our customers, employees and shareholders, as well as for me personally. Bob has been by my side during our transformation and is unquestionably the right leader to take PolyOne to even greater heights in the future. As executive chairman, I will look forward to continuing to work closely with him for a seamless transition, as we continue our great progress toward our performance targets for 2015 and beyond.With PolyOne's future brighter than ever before, growth being accelerated, and a superb team in place, now is the perfect time for Bob to lead our innovative company. He shares my and our Board's philosophy and strategy, while bringing his own unique perspective and background. Were it not for Bob, our proven management team, and the best ever position of the company, I would not begin this transition at this time," Mr. Newlin added.Speaking on behalf of PolyOne's Board of Directors, Gordon Harnett, lead director, said, "PolyOne was transformed and now consistently delivers truly exceptional returns to customers and shareholders, thanks to Steve's vision and leadership. We support Steve's decision to transition to the executive chairman role, and are extremely pleased that our succession planning process has identified and prepared Bob to lead the company into the future."Mr. Patterson joined PolyOne in 2008 as senior vice president and chief financial officer, where he was responsible for global treasury, planning, M&A, accounting, internal audit functions, and investor relations.He also directly oversaw PolyOne's growth initiatives in Asia, leading to record profitability in 2013. In 2012, he was promoted to his current position as executive vice president and chief operating officer, where he has led growth in each of the company's business segments. Before joining PolyOne, Mr. Patterson served in leadership roles at Novelis, Inc., and SPX Corporation, after starting his career at Arthur Andersen LLP.