Corporates

Santoni Shanghai Acquires Knitting Machine Manufacturer Terrot

Textile Insights September 13, 2023

Shanghai based Santoni Shanghai Knitting Machinery, which has been founded and wholly owned by Italy’s Lonati family, has acquired Terrot GmbH, a German manufacturer of circular knitting machines. “This acquisition is in tune with Santoni Shanghai’s long-term vision to build an

Dyes & Chemicals

Archroma Gets ‘Leading Partner’ Award At Welspun Summit

Textile Insights September 13, 2023

Archroma was awarded the ‘Leading Partner’ award at Welspun’s Partner Summit 2023, which is held annually in Anjar, Gujarat, and which is Welspun India’s major production base. The summit brought together like-minded leaders to discuss trending topics focused on Environmental, Social, and Governance (ESG) and sustainability and where, Welspun India also

Export

Cambodian Garment Exports Drop 18.98% Between Jan & Aug

Textile Insights September 13, 2023

In the period between January and August 2023, Cambodian garment exports dropped 18.98 percent compared to the same period in 2022, to $5.49 billion. Of overall apparel shipments, exports of knitted garments totaled $3.63 billion in the first eight months of 2023, down 23.2 percent, compared to $4.5 billion earned for the same period last […]

Industry

Robot To Resolve Labour Issues In Cotton Farming

Textile Insights September 12, 2023

A visit to a cotton farm and learning about the labour shortage issue impacting farmers, four university students were encouraged to develop a rover robot which will help farmers in sowing, weeding, pesticide spraying, and finally harvesting. Four students from the Institute of Aeronautical Engineering in Hyderabad have designed a prototype named CultivOx by Agrodroid,

Event

Intex Sri Lanka 2023 Sees Attendance Of 4,780 Visitors

Textile Insights September 12, 2023

International textiles sourcing exhibition, Intex Sri Lanka 2023, which was held last month saw attendance of 4,780 visitors, who ranged from manufacturers and designers to retailers. “These visitors came from 10 countries, which underscored the crucial role, Intex Sri Lanka plays in facilitating cross-border partnerships to grow the industry,” Worldex India, the organiser

Textile Park

UP Apparel Park Sees Interest From 70 More Investors

Textile Insights September 12, 2023

70 more industrial units have sought plots from the Uttar Pradesh government in the Apparel Park Cluster, being set up by the Yamuna Expressway Industrial Development Authority (YEIDA). “These 70 new investors are in addition to 81 of the 89 plots that YEIDA has already allotted to investors,” media reports stated. The Uttar Pradesh government […]

Industry

X-Rite Showing Latest Colour Solutions At AATCC Summit

Textile Insights September 12, 2023

At AATCC’s 2023 Textile Discovery Summit which begins from today and runs till September 14, X-Rite and Pantone will demonstrate the latest colour and appearance solutions. “These are designed to help companies create and share digital materials across teams and suppliers to streamline the design to manufacturing process,” X-Rite said in a press release. In […]

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Export

Pak Textile Exports Continue Downward Trend In August

Textile Insights September 12, 2023

Exports of textiles continued to remain in a downward trend in August, where they declined to US $1.48 billion, down 6 percent, when compared to $1.58 billion reported in the same month of 2022. In the period between January and August 2023, Pakistan’s textile exports dropped 19 percent year on year to $10.58 billion, provisional […]

Apparel, Fashion, Retail

Linen Club Expanding Store Network To Smaller Cities

Textile Insights September 11, 2023

The textiles division of Grasim Industries is planning a significant expansion of its Linen Club brand stores, into smaller cities and towns by opening 100-120 retail stores over the next two years. The Aditya Birla Group company is aiming to tap into the potential growth of these smaller towns and cities, and thereby increase its […]