Financial Results

Oerlikon Group Sales Drop 7.4% To CHF 2,693 Million In 2023

Textile Insights February 22, 2024

Oerlikon Group sales dropped 7.4 percent year on year to CHF 2,693 million in 2023, which includes a negative foreign exchange (FX) headwind of 6 percent and a 4.5 percent positive impact from Riri acquisition. Group order intake last year decreased 17.8 percent over a year ago period to CHF

Industry

Apparel Brands Advised To Reassess Myanmar Sourcing Policy

Textile Insights February 22, 2024

Garment workers advocacy group Fair Wear, has urged member clothing brands to re-assess their sourcing policy for Myanmar after the government announced a conscription law for military service. “The military council of Myanmar announced a conscription law in February that makes young men and women subject to military service if called up, effective immediately,” Fair […]

Sustainability

Lululemon Unveils Enzymatically Recycled Nylon 6.6 Apparel

Textile Insights February 22, 2024

US apparel brand Lululemon has partnered with Australian enviro-tech startup, Samsara Eco and unveiled the world’s first enzymatically recycled nylon 6.6 product. “This marks a key milestone in textile-to-textile recycling and lululemon’s work to create a circular ecosystem,” Lululemon said in a press release. Using recycled nylon 6.6 made with Samsara Eco’s technology,

Fibre

Recycled Cellulose Pulp Maker Renewcell Adds 25 More Members

Textile Insights February 22, 2024

Swedish textile-to-textile recycler Renewcell has added 35 new members to the Circulose Supplier Network (CSN), which now totals 151 spinners, weavers, textile mills, garment manufacturers, and more. The 35 new additions consist of 10 suppliers with vertical operations, 16 yarn spinners, 4 garment manufacturers as well as denim and home textile mills. “Launched in July

Event

ITM 2024 Exhibition Will Be Held From June 4-8 In Istanbul

Textile Insights February 21, 2024

ITM 2024 exhibition will be held from June 4-8, 2024 in Istanbul where visitors will have the opportunity to discover the technologies that will shape the future of textile. ‘ITM 2024 will be organised this year with the motto ‘Discover the Future’ and will offer an unmissable opportunity for those who want to discover the […]

Machinery

Mimaki Europe Celebrating 20th Anniversary At FESPA Amsterdam

Textile Insights February 21, 2024

Mimaki Europe is celebrating its 20th anniversary and will celebrate its extensive portfolio of technologies at its FESPA stand and also at Mimaki’s Experience Centre, just 10 minutes from the show. Mimaki Europe, a manufacturer of inkjet printing and cutting technologies will bring the latest in UV print technology, including brand new products to FESPA […]

Industry

Bangla Apparel Sector Shining Example Of Workplace Safety

Textile Insights February 21, 2024

President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan said the apparel industry in Bangladesh is a shining example of workplace safety in the world. Faruque Hassan was speaking at opening ceremony of the 9th International Fire Safety and Security Expo, where he added that workplace safety within garment sector is serving […]

Export

Vietnamese Textile & Apparel Sector Sees Growth In Export Orders

Textile Insights February 21, 2024

The Vietnamese textile and apparel industry is seeing a rise in orders from its major export markets and so is optimistic about the reaching export target of US $44 billion set for 2024. A majority of exporters have reported that they have received orders for production until May 2024. The Garment 10 Corporation JSC said […]

Sustainability

Thailand Moving Towards Bio-Circular Green Textile Economy

Textile Insights February 21, 2024

A report of the United Nations Environment Programme (UNEP) informed that Thailand is moving towards a bio-circular green textile economy. UNEP released a report titled ‘Sustainable and circular textile value chains: Linkages with trade and trade policy’, in which it highlighted Thailand’s efforts. UNEP pointed out the SE Asian country’s efforts in eliminating tariffs on

Cotton

Cotton Made In Africa Inks Partnership With Avon

Textile Insights February 21, 2024

Cotton made in Africa (CmiA) has inked a partnership with Avon, a first in the cosmetics sector, which is part of Brazil-based Natura & Co, one of the world’s largest cosmetics groups. In addition to using sustainably produced raw materials, Avon aims to achieve certification and traceability and to address both environmental and social aspects […]