Export

Uzbek Textile & Garment Exports Down 3.31% Between Jan & Sep

Textile Insights November 7, 2023

Uzbekistan exported textile and garments totaling to US $2.33 billion in the first nine months of the current year, down 3.31 percent compared to $2.41 billion in same period of previous year. Exports of textiles like yarn touched $945 million between January and September 2023, while exports

Industry

IDH Takes Centre Stage At Africa Sourcing And Fashion Week

Textile Insights November 7, 2023

Change catalyst IDH took centre stage at the Africa Sourcing and Fashion Week (ASFW) 2023 held from November 3 to 6 and showcased its IN Sustainable Textile and Apparel Parks (INSTEP) programme. Throughout the event, IDH played a pivotal role, leading insightful discussions and introducing initiatives to advance sustainable practices within the industry. Jenny Löfbom, […]

Sustainability

Zara Owner Inditex Sourcing 2,000 Tons Of Renewable Fibre

Textile Insights November 7, 2023

Inditex owner of various brands like Zara and Pull&Bear is set to integrate the innovative pulp – Circulose, made by Swedish company Renewcell from textile waste, into its apparel collections. Under an agreement with the fibre producer Tangshan Sanyou, which carries out the industrial process of transforming the pulp into textile fibre, Inditex´s suppliers will

Industry

Knitter Trade Body Raises Alarm Over Surging Fabric Imports

Textile Insights November 7, 2023

A knitter’s trade body has raised the alarm on the surging imports of Chinese synthetic knitted fabrics and requested the government to intervene and safeguard the domestic industry. The All India Knitters Association (AIKA) in a communication to the Prime Minister’s Office emphasised the urgency of the issue with a plea for urgent intervention. “These […]

Fibre

Anticipated Recovery In Market Fails To Materialise – Lenzing

Textile Insights November 6, 2023

Manufacturer of cellulose fibres, Lenzing said the anticipated recovery in markets relevant for company has failed to materialise till date. “The continued sharp increase in raw material and energy costs and very subdued demand had a negative impact on us as well as the whole industry,” the Austrian company said in a press release. Revenue […]

Industry

TN Open-End Mills On Strike For Second Time in Four Months

Textile Insights November 6, 2023

For the second time in four months, Tamil Nadu open-end spinning mills will shutdown from November 7 to 30. Weavers in Tirupur and Coimbatore districts too have decided to go on strike from November 5. While speaking with the press, G. Arulmozhi, President of the Open-End Spinning Mills’ Association said there are 600 open-end spinning […]

Technical Textile & Nonwoven

H1 Net Sales Drop 19% At Nonwoven Fabrics Producer Suominen

Textile Insights November 6, 2023

Net sales at nonwoven fabrics and roll goods manufacturer Suominen dropped 19 percent in the third quarter ended September 30, 2023 to €106.4 million as against €131.9 million in the year ago quarter. However, EBITDA improved slightly to €5.2 million in the quarter under review compared to €5.1 million in the comparable quarter. Cash flows […]

Export

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

Textile Insights November 6, 2023

The Apparel Export Promotion Council of India (AEPC) has set a target of achieving US $40 billion in garment exports by 2030 “To achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices,” AEPC Chairman Naren Goenka said. In a statement, Goenka said “We have […]

Financial Results

HP Cotton Textile Mill Posts Turnaround In H1FY’24 Net Profit

Textile Insights November 6, 2023

Manufacturer of cotton yarns and sewing threads, HP Cotton Textile Mills reported a turnaround in net profit by posting a profit in the first six months of fiscal 2024 ending September 2023. The Haryana based company recorded a net profit of Rs 4.41 crores between April and September 2023, as compared to a loss of […]

Fibre

Chinese PSF Exports Expand 21.2% Between Jan & Sept 2023

Textile Insights November 4, 2023

Chinese polyester staple fibre (PSF) exports expanded 21.2 percent over a year ago period to 904.4 kilo tons in the first nine months of the current year. Between January and September 2023, overseas shipment of PSF to Vietnam totaled 157,715 kilo tons, up by a massive 40.74 percent year on year and was China’s biggest […]