Fibre

Lenzing Again Recognised For Sustainability Performance

Textile Insights January 12, 2024

Lenzing has once again been recognised for its sustainability performance and its active contribution to transforming the industry towards a circular economy. The rating agency MSCI awarded Lenzing an ‘AA’ rating for the third time in a row, placing Lenzing among the top eight percent of rated

Industry

Indian Economy Expected To Touch $5 Trillion By Fiscal 2026-27

Textile Insights January 12, 2024

According to a recently released PHD Chambers of Commerce and Industry (PHDCCI) report, the Indian economy is expected to surpass $4 trillion in fiscal 2024-25 and touch $5 trillion by fiscal 2026-27, PHDCCI noted that India is poised to attain the status of a developed economy by 2047 under the initiative of ‘Viksit Bharat’. PHDCCI […]

Industry

Egypt Set To Open Biggest Spinning Mill With 182,000 Spindles

Textile Insights January 12, 2024

Egypt is all set to inaugurate its largest spinning mill in El Mahalla El Kubra city in February, which has been set up by the Cotton and Textile Industries Holding Co, a government entity. The new project was implemented under the national project for the development of the spinning, weaving, and textile industries, Minister of […]

Corporates

GHCL Textiles Investing Rs 535 Crore To Expand Capacity In TN

Textile Insights January 12, 2024

GHCL Textiles Ltd., a manufacturer of various varieties of yarns signed an MOU with the Government of Tamil Nadu for an investment of Rs 535 crores on at the just concluded Global Investors Meet 2024. GHCL is a manufacturer of combed cotton compact ring spun yarns, cotton open end yarns, synthetic and blend ring spun […]

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, a drop of 10.4 percent as against $2.66 billion in 2022. […]

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 […]