Economy

Pakistan Textile Sector Faces Risk Of 50% Closures: APTMA

Textile Insights February 16, 2024

The Pakistan textile industry faces risk of closure of 50 percent of companies due to soaring energy prices. “Urgent government action is needed to address the crisis and safeguard the sector’s competitiveness, employment, and economic stability,” the All Pakistan Textiles Mills

Machinery

Textile Creels Maker Cygnet Texkimp Celebrates 50th Anniversary

Textile Insights February 16, 2024

Cygnet Texkimp, a manufacturer of creels for the textile and technical fibre industries is celebrating its 50th anniversary. In the past 50 years, the UK company has expanded its portfolio for the composites and technical fibre industries including prepreg, coating, slitting, filament winding, automation, and end-of-life recycling solutions. In the early 2000s, due to a

Economy

Birla Cellulose Showcasing Sustainability Efforts At Bharat Tex

Textile Insights February 16, 2024

Birla Cellulose will showcase their unwavering commitment to the global textile industry and sustainability initiatives at Bharat Tex 2024 in Hall 1, Stall G003 at Bharat Mandapam. According to a Birla Cellulose press release, this participation underscores its dedication to fostering innovation, collaboration, and sustainable practices within the textile sector. Birla

Financial Results

Aditya Birla Fashion & Retail Slips In To Q3FY’24 Loss

Textile Insights February 16, 2024

Aditya Birla Fashion & Retail Ltd (ABFRL), India’s major apparel retailer slipped in to a loss at Rs 77.87 crore in the third quarter of fiscal quarter ended December 31, 2023 Incidentally, the Aditya Birla Group company had reported net profit at Rs 15.79 crore in the third quarter of fiscal 2022-23. Total revenue in […]

Machinery

AxisValence Helps Neutralise Static Charge In Textile Machines

Textile Insights February 16, 2024

AxisValence, a business unit within the A.T.E. Group, primarily serves the print and packaging industry, but also plays a significant role in certain segments of the textile industry as well. AxisValence specialises in designing and manufacturing application-oriented products with an aim to enhance safety, quality, and productivity while minimising wastage. “In the textile

Industry

SIMA Raises Awareness In Textile Sector On ‘Competition Law’

Textile Insights February 15, 2024

SIMA conducted an awareness programme titled ‘Competition in Textile Market’ to enable textile manufacturers to understand the scope of the Competition Law to sustain competitiveness and achieve sustained growth. V. Sriraj, Joint Director (Law), Southern Regional Office, CCI addressed the participants on the role played by CCI at the awareness seminar, which was attended

Dyes & Chemicals

Archroma Launches End-To-End Solutions ‘Super Systems+’

Textile Insights February 15, 2024

Archroma has introduced Super Systems+, an end-to-end system, which combines fibre-specific processing solutions and intelligent effects to help positively impact economic and environmental sustainability. Archroma’s Super Systems+ suite encompass wet processing solutions that deliver measurable environmental impact like durable colours and functional effects that add

Industry

Hyosung Invited To Invest In Bangla MMF Fibres Textiles Sector

Textile Insights February 15, 2024

The President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan called upon Hyosung Corporation to invest in manmade fibre textiles sector. He made the call when a delegation of BGMEA led by him visited Hyosung Corporation in South Korea. In the meeting they discussed issues related mutual trade interests, especially the prospect of […]

Financial Results

Gross Margin Expands 480bps At Arvind Fashions In Q3FY’24

Textile Insights February 15, 2024

Gross margin expanded 480 basis points (bps) year over year to 53.3 percent at Arvind Fashions in the fiscal quarter ended December 31, 2023. According to an Arvind Fashions press release, this improvement was driven by a 2 percent retail like-to-like growth, enhanced execution in the retail channel, and a strategy of lower discounting. The […]

Financial Results

Q3FY’24 Revenues Jump 34.88% At Dyes Producer Vipul Organics

Textile Insights February 15, 2024

Manufacturer of dyes and pigments, Vipul Organics reported a 34.88 percent year on year jump in revenues which stood at Rs 3,761 lakhs in the third quarter ended December 31, 2023. However, net profit in the three months to December 31, 2023 soared 650.19 percent from a year ago quarter on a consolidated basis and […]