Machinery

Oerlikon Barmag Commissions FDY Plant At Garden Silk Mills

Textile Insights February 14, 2024

Oerlikon Barmag has successfully commissioned a new polyester yarn production facility at Garden Silk Mills in Surat, particularly to produce FDY yarns. According to the German company, the setting up of the mill with 216 WINGS FDY spinning units was accompanied by extensive engineering work.

Economy

Bharat Tex 2024 To See Confluence Of Handlooms & Handicrafts

Textile Insights February 13, 2024

Bharat Tex 2024, India’s premier global textile event, is set to witness a grand confluence of iconic handloom and handicraft traditions from Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh. These five Indian states are set to captivate the spotlight as they present a shared narrative of artistic excellence, featuring handloom craftsmanship, and

Corporates

TCG Invests Rs 1,250cr In Hiking FDY Capacity At Garden Silk Mills

Textile Insights February 13, 2024

The Chatterjee Group (TCG), a private equity investor has invested Rs 1,250 crore for expansion of FDY capacity at Surat based Garden Silk Mills. The new FDY plant has a capacity of 272 tons per day and state-of-the-art Oerlikon Barmag Wings+ machines will produce FDY for knitting and weaving applications. Additionally, TCG has invested in […]

Textile Park

No Allocation For Kakatiya Mega Textile Park In Telangana Budget

Textile Insights February 13, 2024

In the budget presented for 2024-25, the Telangana government did not announce any allocation for the massive Kakatiya Mega Textile Park (KMTP) in the state. Touted as a fibre-to-fabric facility, the foundation stone of KMTP was laid seven years back, but is still to be operational and was supposed to provide employment to 60,000 people. […]

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Fibre

Birla Cellulose Shows Recycled Fabrics & Apparels At PV Paris

Textile Insights February 13, 2024

Textile recycling innovator SaXcell showed fabric and apparel samples at the Birla Cellulose stall, which is one of the world’s largest manufacturers of manmade cellulosic fibre at PV Paris exhibition. “This partnership underscores the successful partnership between SaXcell and Birla Cellulose in the production of recycled man-made cellulosic fibres,” a Birla Cellulose

Cotton

US Textile Mills Cotton Use In 2023-24 To Be Lower Than 1885

Textile Insights February 13, 2024

US textile mills will consume just 1.74 million bales in the 2023-24 marketing year that ends in July, the lowest since 1885, which is one year before the Statue of Liberty was installed. “The US textile mills consumption figure is nearly 15 percent lower than the earlier marketing and even lower than the forecast of […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]

Cotton

Australian Cotton Production Forecast To Reach 4.5mn Bales

Textile Insights February 12, 2024

Australian cotton production is expected to total 4.5 million bales in the 2023-24 season beginning in March, which is at the top of the previously estimated range. “The outlook for Australia’s cotton crop has improved following good rains across cotton growing regions, which prompted farmers to boost cotton acreage,” Cotton Australia, a trade body had […]

Export

Apparel Imports By United States Decreases 22.04% In 2023

Textile Insights February 12, 2024

Overall apparel imports by the United States dropped 22.04 percent to US $77.84 billion in 2023 compared to $99.86 billion in 2022. Data of the US Department of Commerce’s Office of Textiles and Apparel (Otexa) informed that clothing imports from China declined 10.83 percent year on year to $16.32 billion in the previous year. However, […]