Export

Vietnam’s T&A Industry Aims US$ 48 Billion In Exports By 2025

Textile Insights November 22, 2024

Vietnam’s T&A industry aims to achieve US$ 47-48 billion in export turnover by 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). The announcement was made during a press conference hosted by the Voice of Vietnam. The ambitious target builds on

Industry

Textiles Minister Pushes Innovation, Sustainability In Panipat

Textile Insights November 22, 2024

The Union Minister for Textiles, Giriraj Singh, held an extensive interaction with over 150 textile manufacturers and exporters in Panipat on November 18th, 2024. Recognized as a key hub for textiles and handlooms in India, Panipat hosts a vibrant SME and manufacturing sector. The meeting, organized by the Handloom Export Promotion Council (HEPC) in collaboration […]

Apparel, Fashion, Retail Videos

Siyaram’s DEVO Opens Second Store In Pitampura

Textile Insights November 22, 2024

Siyaram’s, India’s leading textile and fashion powerhouse, proudly announces the opening of its second DEVO store in Pitampura, Delhi. This milestone marks DEVO’s expanding presence in men’s ethnic occasion wear, following the successful launch of its flagship store in Lajpat Nagar, Delhi, last month. Rooted in the philosophy of “Made of India”, DEVO blends

Sustainability

Ecofrico Launches Sustainable Hemp Backpack Collection

Textile Insights November 22, 2024

Ecofrico, a trailblazing e-commerce brand dedicated to sustainable fashion, has unveiled its latest collection of hemp backpacks and accessories, ethically crafted in Nepal and designed in India. This new line showcases Ecofrico’s commitment to combining eco-conscious materials with style and resilience. Hemp, known for its minimal environmental footprint and

Technical Textile & Nonwoven

Giriraj Singh Highlights Technical Textiles’ Growth At IITF 2024

Textile Insights November 19, 2024

Union Minister of Textiles Giriraj Singh inaugurated the Textile Pavilion at the India International Trade Fair (IITF) 2024, showcasing a special handloom and handicraft exhibition cum sale at Bharat Mandapam. The event, to be held from 14th to 27th November, is a significant initiative under the Ministry of Textiles to promote India’s rich craft heritage […]

Financial Results

RSWM Reports Strong 24% Revenue Growth In H1 FY25

Textile Insights November 19, 2024

RSWM Ltd, a leading Indian manufacturer of synthetic, mélange, blended spun yarns, denim fabric, knitted fabric and green polyester fibres, has reported significant financial growth for the second quarter (Q2) and first half (H1) of FY25, ending on 30th September 2024. Key Financial Highlights: Q2 FY25 Revenue rose 15.7% year-on-year (YoY) to Rs 1,166 crore, […]

Financial Results

Gokaldas Exports Posts 85% Revenue Growth In Q2 FY25

Textile Insights November 19, 2024

Gokaldas Exports reported robust financial results for the second quarter of FY25, with consolidated revenue growth of 85% year-over-year (YoY), reaching Rs 941.8 crore. Consolidated profit after tax (PAT) rose by 19% YoY to Rs 28.2 crore, up from Rs 23.7 crore in Q2 FY24, reflecting the company’s continued growth momentum. For Gokaldas Exports alone, […]

Financial Results

Lenzing Group Reports Steady Growth In Q3 2024 Despite Challenges

Textile Insights November 19, 2024

The Lenzing Group, a global leader in regenerated cellulosic fibers, reported 5% year-on-year revenue growth to EUR 2 billion in the first nine months of 2024, driven by a 10.9% increase in fiber revenue. EBITDA rose by 20.3% to EUR 263.7 million, boosting the EBITDA margin to 13.5% from 11.7%. Operating earnings (EBIT) rebounded to […]

Corporates

Murugappa Group To Acquire Hubergroup For US$ 310 Million

Textile Insights November 19, 2024

Chennai-based Murugappa Group has finalized an agreement to acquire Hubergroup, a German specialty chemicals firm, for an enterprise value of US$ 310 million. The acquisition, which includes an equity infusion of US$ 150 million from Murugappa and US$ 160 million for debt refinancing, marks a strategic move to strengthen the group’s presence in the global […]

Product Launch & Innovation

KARL MAYER Unveils UV-Protective Tricot Fabric At ITMA ASIA + CITME 2024

Textile Insights November 19, 2024

KARL MAYER captivated visitors at ITMA ASIA+CITME 2024 with its innovative tricot fabric in gauge E 44, designed for sun protection clothing. Featured in a stylish outdoor jacket, the fabric combines functionality and comfort, setting new benchmarks in UV protection and wearability. The warp-knitted fabric offers a UV protection factor more than double that of […]