Machinery

Saurer Exhibiting Latest Technology Innovations At Exintex 2024

Textile Insights January 31, 2024

Saurer will exhibit at Mexican exhibition Exintex 2024 which will be held in Puebla from February 27 to March 1, 2024 at booth 918-922. At Exintex 2024, Saurer experts will be at hand to discuss the latest innovations of the completely new product portfolio presented last year at ITMA Milano

Industry

HMX, Business Unit Of A.T.E. Group Inaugurates Second Unit

Textile Insights January 31, 2024

HMX (a Business Unit of A.T.E. Group) announced the opening of a second manufacturing hall spread over 25,000 square feet in Ahmedabad, India, on January 16, 2024. With this expansion, HMX’s production capacity receives a significant boost which will help us meet the fast-growing global demand for our products. Padma Shri A S Kiran Kumar, […]

Export

Cambodia Jumps Three Places In Global Garment Export Ranking

Textile Insights January 30, 2024

Cambodia has jumped three places and became the eighth largest global apparel exporter in 2022 from 11th in 2021, as per data of the World Trade Organisation (WTO). “In 2021, the world’s top ten garment exporters were China, the European Union, Bangladesh, Vietnam, Turkey, India, Malaysia, Indonesia, Hong Kong and Pakistan, followed by Cambodia at […]

Software

Caldera Launches New RIP Software For DTG & DTF Printing

Textile Insights January 30, 2024

French RIP software creator Caldera has launched new solutions for direct-to-garment (DTG) and direct-to-film (DTF) printing. “The Caldera Direct-to-X product range will initially only be available in a bundle from selected DTG and DTF printer OEMs, as the first of a suite of linked products,” the company said in a press release. It will be […]

Sustainability

New NSF Center Will Advance Textile Industry ‘Greening’

Textile Insights January 30, 2024

North Carolina State University will serve as a core partner on a regional research effort to advance environmental sustainability by recycling waste materials into fibres for new textiles. This was announced by the National Science Foundation (NSF) and the effort will receive up to US $15 million for two years and up to $160 million […]

Industry

Bangladesh Textile Sector Attracts Nil Investment In 2023

Textile Insights January 30, 2024

The Bangladesh textile industry did not witness any new investments in 2023 due to various internal and external forces, which include a severe shortage of energy and a global economic slowdown. This was informed by Bangladesh Textile Mills Association (BTMA) President Mohammad Ali Khokon at a press conference held on the eve of DTG 2024 […]

Industry

Turning The Wheel: ICRA’s Anticipated Surge In Cotton Demand Creates Buzz In The Industry

Textile Insights January 30, 2024

In a recent research note by ICRA on the domestic cotton spinning industry, the rating agency has anticipated a robust 12-14% growth in demand for FY2024, driven by a surge of 85-90% in yarn exports. This upswing is attributed to a shift in sourcing preferences away from China and heightened expectations of increased demand in […]

Fibre

Keel Labs Debuts T-Shirt Produced From Seaweed Fibre

Textile Insights January 30, 2024

Keel Labs has debuted a t-shirt produced from Kelsun fibre, the company’s flagship product made from seaweed. Created to demonstrate Kelsun’s plug-and-play potential in replacing conventional fibres used in the textile industry, this t-shirt marks the first Kelsun garment made using traditional knitting machines. The Kelsun T-Shirt was created using 70 percent Kelsun and

Machinery

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Textile Insights January 29, 2024

The global textile machinery market which was valued at US $29 billion in 2023 is expected to grow at a CAGR of 6.1 percent and touch $52 billion by 2033. According to a Fact.MR report, among all textile machinery sales, those of spinning machines are projected to grow at a CAGR of 4.6 percent from […]

Export

Red Sea Crisis May Not Right Away Hit Textile Sector: CRISIL

Textile Insights January 29, 2024

Players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle. “But a prolonged crisis over the next few quarters can make these sectors also vulnerable as working capital cycles would get stretched with orders […]