Export

Cambodian Apparel Exports Decrease 12.86% Last Year

Textile Insights January 12, 2024

Cambodia’s exports of apparel dropped 12.86 percent in 2023 to US $7.86 billion as against $9.02 billion in 2022. Within apparel exports, knitted clothing overseas shipments fetched $5.47 billion, down 14 percent versus $6.36 billion in 2022. While woven garment exports garnered $2.39 billion,

Industry

Various Tiruppur Textile Groups To Invest Thousands Of Crores

Textile Insights January 11, 2024

At the recent Global Investors’ Meet (GIM) held in Chennai, Tiruppur based textile and garment groups have proposed thousands of crores of investment in the textile and energy sectors. The Ramraj Group signed a MoU to invest Rs 1,000 crores over the next five years at the rate of Rs 200 crore per year to […]

Export

US Textile & Garment Imports Inch Up 1.5% In November

Textile Insights January 11, 2024

US textile and apparel imports increased 1.5 percent in November 2023 and amounted to 6.9 billion SME compared to 6.8 billion SME in the same month of 2022. As per data of the Office of Textiles and Apparel of the US Department of Commerce (OTEXA), imports from Mexico recorded the highest hike at 79.8 percent […]

Machinery

Brückner Offers Finishing Lines For Carpets & Textile Floor Coverings

Textile Insights January 11, 2024

Textile finishing technology manufacturer Brückner also offers a wide range of lines for the carpet industry for coating, drying and finishing a wide variety of floor coverings. According to the German company, numerous lines for the production and finishing of carpets and textile floor coverings are in operation worldwide. “In recent years, a wide range […]

Sustainability

Epson Transitions To Green Electricity At All Worldwide Sites

Textile Insights January 11, 2024

Japanese digital textile printer manufacturer Epson announced that all electricity used at Epson Group sites around the globe are from renewable sources. This makes Epson the first in the Japanese manufacturing industry to complete the transition to renewable electricity at all of its sites worldwide, including Japan. The Epson Group consumes approximately 876 GWh3 of […]

Event

Strategic Alliances & Collaborations Inked For Bharat Tex 2024

Textile Insights January 11, 2024

Bharat Tex 2024, India’s premier global textile event, which will be held in New Delhi from February 26-29, 2024, at Bharat Mandapam and Yashobhoomi, is set to redefine industry standards. The event will be held under patronage of the Ministry of Textiles, and organised by a consortium of textile export promotion councils. Strategic alliances have […]

Export

Bangladeshi Tops In Global Apparel Exports By Volume To UK

Textile Insights January 11, 2024

In the first 10 months of 2023, Bangladesh has retained its position as the top exporter of apparels and accessories to the UK market in terms of volume. Data from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that Bangladesh shipped 178.39 million kg of apparels to the UK compared to 159.25 million kg exported […]

Machinery

Suryalata Spinning Picks Indo Texnology’s Automatic Cone Packing

Textile Insights January 10, 2024

Suryalata Spinning Mills has embraced automation with Indo Texnology’s automatic cone packing system, resulting in remarkable improvements in productivity. The Coimbatore-based Indo Texnology has been able to transform the packing process and enhanced overall efficiency at Suryalata Spinning Mills. Initially purchasing one system as a trial, the company’s positive

Industry

Trident Shares Deliver Phenomenal Returns Over 10 Years

Textile Insights January 10, 2024

Shares of Trident Ltd have delivered phenomenal returns of 3,600 percent to investors over the last 10 years. “If an investor had purchased Rs 10,000 worth of Trident stock 10 years ago and held onto it, the investment would now be worth almost Rs 4 lakh,” an analysis by ET Markets informed. According to the […]

Industry

Union Govt Taking Steps To Address Uncontrolled Textile Imports

Textile Insights January 10, 2024

The Union Government is taking adequate steps to address the issues of lack of demand and uncontrolled imports in the textiles sector. This was informed by Union Textiles Secretary Rachna Shah in a press conference held in New Delhi. “We are monitoring surges in textile imports which will be addressed, while QCO on textile materials […]