Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year,

Event

1,120 Apparel Brands Will Be Showcased At NGF 2024 Exhibition

Textile Insights January 23, 2024

1,120 apparel brands across women’s wear, men’s wear, kids wear and accessories will be showcased at NGF 2024 exhibition to be held at the Bombay Exhibition NESCO Complex from January 29-31, 2024. The 78th edition of NGF 2024 exhibition is being organised by the Clothing Manufacturers Association of India (CMAI). “NGF is the most eagerly […]

Export

Between 2018 & 2023 Bangladesh apparel exports surge 43.9%

Textile Insights January 23, 2024

In the six year period between 2018 and 2023, Bangladesh apparel exports surged from US $32.93 billion in 2018 to $47.39 billion in 2023, posting a significant growth of 43.91 percent in the six years. “Overseas shipments of Bangladesh garments grew to $33.07 billion in 2019, but due to the start of the pandemic, these […]

Home Textiles

Chinese Home Textile Exports Soar Over Pre Pandemic Levels

Textile Insights January 23, 2024

In the period between January and November 2023, home textile exports from China reached US $30.09 billion, a slight drop of 0.2 percent over the same months of 2022. “However, these home textile exports soared 17.3 percent over the same period of 2019, the months before the pandemic began,” data released by China Chamber of […]

Export

Textile Industry Seeks Higher Duty On Knitted Fabric Imports

Textile Insights January 22, 2024

The first-ever meeting of the newly constituted Textile Advisory Group (TAG) for manmade fibre under the Ministry of Textiles has offered hope for changes in customs duty on knitted fabrics to reduce imports. “We raised the issue of illegal and undervalued import of Chinese knitted fabric, which is mixed with woven fabric,” RK Vij, Secretary […]

Sustainability

Fashion For Good Strategy To Enable Regenerative Innovations

Textile Insights January 22, 2024

Fashion for Good has announced its renewed strategy to enable widespread adoption and scale of regenerative fashion innovations. This involves a significant commitment to bolstering the Innovation Platform and deepening efforts in brand uptake, supplier integration, financing and impact measurement. “This shift underscores Fashion for Good’s commitment to fostering deeper

Home Textiles

Ikea Home Textiles Range Made From Recycled Worker Uniforms

Textile Insights January 22, 2024

While rolling out a new co-worker uniform design over the past couple of years, IKEA also collected hundreds of pallets of old co-worker uniforms, which has been turned into a home textiles collection. Växelbruk is a collection of decorative and functional home furnishing items which has been manufactured from recycling old co-worker uniforms. The Växelbruk […]

Industry

Cotton Textile Associations Submit Memorandum To Piyush Goyal

Textile Insights January 22, 2024

The Confederation of Indian Textile Industry (CITI) and other cotton based textile associations submitted a memorandum to the textiles ministry in a collective effort to address the challenges faced by the Indian cotton textiles and clothing industry. The joint memorandum submitted to Piyush Goyal, Minister of Textiles highlights concerns related to the Cotton Corporation

Export

Chinese Textile & Apparel Exports Post Slight Fall In December

Textile Insights January 20, 2024

Chinese exports of textiles and apparels were down slightly by 0.10 percent year on year and touched US $25.27 billion in December 2023. Of this, textile overseas shipments totaled $11.21 billion, growing by 1.85 percent over same month of its previous year and garment exports were down by 1.60 percent and reached $14.07 billion. In […]

Industry

AMC To Supply Treated Industrial Water To Ahmedabad Mills

Textile Insights January 20, 2024

After two years of negotiations and persuasion, textile mills, which also include standalone dyeing and printing mills in Ahmedabad will finally get treated industrial wastewater at Rs 30 per kilolitre. The Gujarat Pollution Control Board (GPCB) and three major industry associations in the city have approved this price for drawing tertiary treated sewage water for […]