Industry

‘Stop Illegal Imports’ – Indonesian Textile Body To Govt

Textile Insights September 18, 2023

The Association of Indonesian Fiber and Filament Yarn Producers (APSYFI) has claimed that the large scale illegal import of textiles and garments was ruining the domestic industry. The association has requested the government to put an end on these illegal imports and save the industry, which

Policies

US Senator Kirsten Gillibrand Reintroduces ‘FABRIC’ Act

Textile Insights September 18, 2023

US Senator Kirsten Gillibrand has reintroduced the Fashioning Accountability and Building Real Institutional Change (FABRIC) Act to support domestic garment manufacturing and combat subminimum wages. Senator Gillibrand’s FABRIC Act seeks to offer protection to nearly 100,000 US apparel workers while at the same time rejuvenate the domestic apparel production industry. The

Export

Innovation Key To Achieve $100bn Bangla Garment Export Target

Textile Insights September 18, 2023

At a seminar, Bangladesh garment industry and exporters and experts were of the opinion that innovation was the key to Bangladesh apparel exports touching the $100 billion mark by 2030. The Textile Today Innovation Hub and CEMS-Global jointly organised the seminar which was held concurrently with the 22nd Textech Bangladesh 2023 International Expo which was […]

Corporates

Elvaston Capital Integrates Datatex & Setex Into Holding Company

Textile Insights September 16, 2023

Elvaston Capital which acquired majority stakes in Datatex and Setex has integrated these two companies into a holding company, Textile Solutions Group, which will specialise in IT solutions for the textile sector. The holding company will expand with new acquisitions, to become a benchmark and standard for digital solutions by fully integrating all manufacturing and […]

Machinery

Trützschler China Celebrates Delivery Of 10,000 Carding Machines

Textile Insights September 16, 2023

The Trützschler Group’s wholly-owned subsidiary in China, Trützschler Textile Machinery (Shanghai) (TTMS) celebrated the landmark of delivering its 10,000th carding machine. The 10,000th carding machine was officially handed over to representatives from the world’s largest producer of cellulose yarn, Suzhou Zhenlun Textile. “As Trützschler’s largest customer in the Chinese

Technical Textile & Nonwoven

Cinte Techtextil China Returns With 27.9% More Exhibitors

Textile Insights September 16, 2023

Cinte Techtextil China’s first edition, since pandemic measures have been eased will see a surge of 27.9 percent in exhibitor numbers. The exhibition will be held from September 19-21, 2023 across 40,000 sq. metres space at the Shanghai New International Expo Centre. The fair will be have a new zone which will comprise of multiple […]

Machinery

Uzbek Textile Delegation Visits Mayer & Cie Plant

Textile Insights September 16, 2023

A 20 member strong textile delegation from Uzbekistan visit the plant of German circular knitting machines manufacturer Mayer & Cie located in Albstadt. German-Uzbek Textile Partners (GUZ Partner) and Uzbekistan Textile and Garment Industry Association came to attend a business forum in Baden-Württemberg. “The aim was to make new contacts in order to establish

Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between January and June […]

Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast

Technical Textile & Nonwoven

India Emerging As Force To Reckon With In Medical Textiles

Textile Insights September 15, 2023

From being a non-producer of Covid Grade Personal Protective Equipment (PPE), India rose to become world’s second largest producer and exporter of PPEs and N-95 masks in a period of just six months during Covid times. This was stated by Textiles Minister of State Darshana Jardosh at Meditex 2023, a conference on scope and opportunities […]