Sustainability

Indorama Ventures Showcases Sustainable Fashion Products

Textile Insights February 23, 2024

Indorama Ventures showcased their sustainable fashion products under their ‘RECO Collective’ initiative at Baan Dusit Thani, Bangkok led by Aradhana Lohia Sharma, Vice President, Indorama Ventures. RECO Collective is a collaborative platform that aims to create sustainable fashion throughout

Fibre

Turkey Will Suspend Antidumping Duty On PSF Imports From India

Textile Insights February 23, 2024

Earlier this month, the Turkish Ministry of Trade issued a notification stating that anti-dumping measures for imported polyester staple fibre (PSF) will expire on August 4, 2024. Turkish domestic manufacturers can file a sunset review investigation application before the expiration of the measure, which was imposed on PSF imports from India, China, Taiwan and Thailand.

Event

Over 100 Top Indian Apparel Brands Showcasing At Bharat Tex

Textile Insights February 23, 2024

Following the success of ‘Brands of India’ event held in Dubai, CMAI will organise a similar event at the upcoming Bharat Tex 2024 in hall 12A, Bharat Mandapam, in which 100 brands are expected participate. CMAI held the first ever ‘Brands of India’ event in Dubai to promote Indian apparel brands in overseas markets. Exhibiting […]

Cotton

CAI January Cotton Output Estimates Unchanged From December

Textile Insights February 22, 2024

In its January 2024 estimates, the Cotton Association of India (CAI) has kept its cotton production as well as consumption in the 2023-24 cotton season unchanged as against its forecast in December 2023. In its January report, CAI has projected cotton output at 294.10 lakh bales of 170 kg each and domestic consumption at 311 […]

Cotton

India Withdraws 11% Import Duty On Extra Long Staple Cotton

Textile Insights February 22, 2024

The Indian Commerce Ministry through a notification has removed import duty on imports of extra long staple (ELS) cotton, which has length exceeding 32mm. The government has however retained import duty of 11 percent on short staple cotton. Various textile mills associations were lobbying since a long time for removal of the duty on cotton […]

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 2,457 million. Adjusted for FX […]

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 […]