Financial Results

Q3FY’24 Net Loss At Sutlej Textile & Industries Plunges Further

Textile Insights February 12, 2024

Net loss at Sutlej Textile & Industries plunged 93.82 percent to Rs 30.08 crores in the third fiscal quarter ending December 31, 2023 from a net loss of Rs 15.56 crores in the comparable quarter of earlier fiscal. However, drop in net loss in the three months to December 31, 2023 was slower

Fibre

New Regulation Threatens To Disrupt Indonesian PSF Production

Textile Insights February 12, 2024

A recent new Indonesian regulation on import of textile raw materials like Mono Ethylene Glycol (MEG) is threatening to disrupt production of polyester staple fibres (PSF). The new regulation has changed import controls from post-border to border, which has become a source of great concern for textile industry players. The Indonesian Filament and Thread Manufacturers […]

Export

Sri Lanka To Negotiate FTA With India By End Of 2024

Textile Insights February 12, 2024

Sri Lanka will negotiate a free trade agreement (FTA) with India by the end of 2024. Sri Lanka and India resumed talks on the Economic and Technology Cooperation Agreement in Colombo in October 2023. “Similarly, Sri Lanka will sign FTAs would be negotiated with Indonesia, Malaysia, Vietnam, and China too by the year’s end,” Sri […]

Cotton

Brazil Remains Second Largest Global Cotton Exporter In 2023

Textile Insights February 10, 2024

Brazil maintained its status as the world’s second largest cotton exporter in 2023, despite an annual decline of around 10 percent. “Brazil shipped 1.618 million tons of cotton in 2023 and generated revenue of US $3.07 billion in the year,” the Brazilian Association of Cotton Producers (Abrapa) said in a statement. “The 2022-2023 harvest was […]

Fibre

Chinese Imports Of Spandex Skyrocket 85.6% In 2023

Textile Insights February 10, 2024

Imports of spandex by China in 2023 skyrocketed 85.6 percent or 22,112 tons over the previous year to 47,900 tons. According to statistical data from China Customs, the average spandex import price stood at $5.36 per kg in 2023, which is a fall of $3.36 per kg over 2022. Imports from just four countries totaled […]

Financial Results

Q3FY’24 Operational Revenue At Grasim Industries Grows 11.61%

Textile Insights February 10, 2024

Revenue from operations was up 11.61 percent year on year to Rs 31,965.48 crore at Grasim Industries during the third fiscal quarter ended December 31, 2023. Total income amounted to Rs 32,221.97 crore, up 1.93 percent in the quarter under review, while total expenses stood at 28,749.44 crore. However in the October to December quarter, […]

Technical Textile & Nonwoven

Technical Absorbents Exhibiting At VIATT Fair In HCM City

Textile Insights February 10, 2024

Technical Absorbents, a producer of absorbent fibres, yarns and fabrics is heading to Vietnam and will exhibit at Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT). The UK headquartered company will exhibit in hall A, stall no. L-18 at the exhibition, which is taking place in HCM City from February 28 to […]

Home Textiles

Bangladeshi Home Textile Exports Starting To Lose Lustre

Textile Insights February 10, 2024

Bangladeshi home textile exports have started losing luster since fiscal 2022-23 when they declined 32.47 percent over fiscal 2021-22, which had grown even in the Covid-19 pandemic years The country’s home textile overseas shipments crossed the psychological US $1-billion mark in fiscal 2020-21, thereby recording a staggering growth of 49.17 percent over the earlier

Event

500 Exhibitors From 11 Countries Exhibiting At Yarn Expo 2024

Textile Insights February 10, 2024

Taking place from March 6-8, 2024 at the National Exhibition and Convention Center in Shanghai, Yarn Expo 2024 fair will see over 500 exhibitors from 11 countries, including 124 in cotton category alone. At the spring show, cotton yarn exhibitors from China, India, and beyond are gearing up to meet strong international and domestic demand, […]

Economy

Trident Exhibits At Market Week With Theme Of ‘Passage To India’

Textile Insights February 9, 2024

Trident Group displayed its bed and bath home textile collections under the theme ‘Passage to India’ at the ongoing Market Week in New York, USA. Inspired by the rich heritage and culture of India, this collection is a specially curated platter of distinctively unique and alluring designs comprising the best of both worlds, bed & […]