Fibre

Spinnova Unveils First Blended Denim Fabric Made With Its Fibre

Textile Insights October 20, 2023

Spinnova unveiled the first blended denim fabric made with Spinnova fibre, which has been produced without harmful chemicals. “The CO2 emissions and water consumption are significantly lower compared to conventional cotton production,” the Finnish company said in a press release. The company

Cotton

Egypt Limits Cotton Exports To 40,000 Tons In 2023-24 Season

Textile Insights October 20, 2023

Egypt will limit its cotton exports to 40,000 tons in the 2023-24 season, according to the Alexandria Cotton Exporters Association (ALCOTEXA). This is being done in order to ensure sufficient domestic cotton supply to the textile industry in Egypt, “Except for small amounts of cotton meant for immediate shipments, Egypt’s has suspended cotton export registration,”

Financial Results

Rieter Sales Increase 11% In First Nine Months Of 2023

Textile Insights October 20, 2023

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1092.9 million, up 11 percent, as compared to CHF 987.4 million in the same period of 2022. “In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year,” Rieter observed in the press […]

Fibre

TAF Showing Regel Acrylic Fibre At Textile Exchange Conference

Textile Insights October 20, 2023

One of the world’s largest acrylic fibre producers, Thai Acrylic Fibre (TAF) is participating in the upcoming Textile Exchange Conference 2023 at Booth 145, which takes place from October 23-25 in London. “TAF will be showcasing their latest innovation, Regel, a recycled acrylic fibre. With its impressive MSI (Material Sustainability Index) scores, and outstanding LCA […]

Export

Jan To Sept Bangla Garment Exports Down To US But Up To EU

Textile Insights October 20, 2023

In the nine months to September 2023, exports of apparels to the EU rose 6.40 percent from a year ago period to $17.52 billion, but clothing exports to the US fell to $6.30 billion, down 7.18 percent. Clothing shipments to Canada increased 6.27 percent to $1.12 billion, while those to the UK climbed in double […]

Machinery

TMMA Chairman Assures Full Support To Textile Machinery Sector

Textile Insights October 19, 2023

“The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, fabric to apparel,” M Sankar, Chairman of Textile Machinery Manufacturers Association (TMMA) said. M Sankar who is also the President of LMW Ltd added that the organised textile industry in India is characterised by the use of most […]

Corporates

Grasim Raising Rs 4,000 Crore Through Rights Issue

Textile Insights October 19, 2023

The board of Grasim Industries has approved the raising of funds not exceeding Rs 4,000 crore by way of a rights issue, while the rating agencies continue to reaffirm Grasim’s ‘AAA’ ratings. This Rs 4,000 crore will fund ongoing capital expenditure, repay existing borrowings, and support general corporate purposes. Grasim is implementing its highest ever […]

Sustainability

Smart Phones Sort Used Clothing By Fibre Before Recycling

Textile Insights October 19, 2023

Researchers at Germany based Fraunhofer IPMS have developed an ultra-compact near-infrared spectrometer which is suitable for recognising and analysing textile fabrics meant for recycling. Fabrics whether made from pure cotton or blended can also be reliably identified through the combination of imaging, artificial intelligence algorithms and spectroscopy. The researchers

Export

Pak Textile & Apparel Exports Contract 9.9% in Q1FY’24

Textile Insights October 19, 2023

In the first fiscal quarter ending September 30, 2023 Pakistani textile and garment exports contracted 9.95 percent to $4.12 billion from $4.58 billion in the same quarter of previous fiscal. “For September 2023, they shrank to $1.52 billion, down 10.88 percent as against $1.52 billion in the same month last year,” data from the Pakistan […]

Apparel, Fashion, Retail

Fashion Designer Anish Malpani Wins Circular Design Challenge

Textile Insights October 19, 2023

Fashion designer Anish Malpani of ‘Without’ label won the 5th Circular Design Challenge (CDC), India’s biggest sustainability award organised by R|Elan, the next-gen fabric brand of Reliance Industries and held in association with the United Nations. The challenge culminated with a finale show at the UN House during Lakmé Fashion Week in partnership with FDCI. […]