Corporates

A.T.E. Partners With UNITEX To Boost Circular Knitting Machine Market In India

Textile Insights November 13, 2024

A.T.E. and UNITEX are collaborating to leverage their unique strengths within the textile sector, with the shared goal of increasing the presence of circular knitting machines in India. UNITEX TEXMAC PTE LTD, commonly referred to as UNITEX, has established a solid reputation across all scales

Event

ITMA ASIA+CITME 2024 Draws 90,000 Visitors With Strong Local Footfall

Textile Insights November 12, 2024

The 2024 ITMA ASIA+CITME textile machinery exhibition concluded on 18 October in Shanghai, successfully drawing about 90,000 visitors from 111 countries. With a strong local turnout—87% of visitors were from China—attendees represented 31 provinces, showcasing the robust demand for advanced textile technology across key regions such as Jiangsu, Zhejiang and Guangdong.

Event

Picanol Showcases Weaving Innovations At Bangladesh Textile Technical Seminar

Textile Insights November 12, 2024

Picanol recently participated in the “Textile Technical Seminar” organized by Spintex Technology Ltd., a prominent textile machinery supplier in Bangladesh. Held with support from Bluereed and Stäubli, the seminar attracted over 350 industry professionals and provided a platform for showcasing cutting-edge advancements in weaving technology. At the event,

Sustainability

Fashion For Good Launches ‘World Of Waste’ Tool To Tackle Textile Waste

Textile Insights November 12, 2024

Fashion for Good, with catalytic funding from Laudes Foundation and IDH, has launched World of Waste, a free online tool developed in partnership with Reverse Resources, Global Fashion Agenda, Circle Economy and Accelerating Circularity. The platform maps global textile waste hotspots, providing aggregated data on waste volume, composition and type, helping recyclers and

Product Launch & Innovation

Lenzing Launches New Fine & Coarse Fibres In Lyocell Dry Range

Textile Insights November 12, 2024

Lenzing Nonwovens, a leader in regenerated cellulose fibres, is expanding its Lenzing Lyocell Dry fibre portfolio with two new cellulosic fibres: a fine dry fibre for strength and softness, and a coarse dry fibre for enhanced liquid and air flow. These innovations allow customers to extend Lenzing’s wood-based, biodegradable fibres into diverse applications with high […]

Financial Results

Raymond Lifestyle Sees Stable Revenue Amid Market Hurdles

Textile Insights November 12, 2024

Raymond Lifestyle Ltd, which recently listed as a pure-play lifestyle business on 5 September 2024, announced a steady performance in Q2 FY25, with total income reaching Rs 1,735 crore amidst challenging market conditions, a 6.2% decrease from Rs 1,849 crore in Q2 FY24. EBITDA stood at Rs 242 crore, down from Rs 306 crore year-over-year, […]

Financial Results

Nitin Spinners Posts Strong Revenue Growth Of 20% In H1 FY25

Textile Insights November 12, 2024

Nitin Spinners Ltd delivered a strong financial performance in Q2 and H1 FY25, reaching its highest-ever half-yearly revenue despite global market challenges. The company reported a 20% year-on-year growth in half-year revenue, reaching Rs 1,625.49 crore, with Q2 revenue alone at Rs 822.52 crore, an 11.54% increase over Q2 FY24. EBITDA rose sharply by 40.46% […]

Economy

Banswara Syntex Reports Strong Growth In Fabric And Garment Segments In Q2

Textile Insights November 12, 2024

Banswara Syntex Ltd reported a mixed performance for Q2 FY25, with total income rising to Rs 345.2 crore, an 8.5% year-on-year increase. The quarter saw notable growth in the fabric and garment divisions, offsetting some challenges in the yarn division. The fabric segment experienced strong demand, particularly in the UK and EU, with revenue growing […]

Financial Results

Trident Reports Rs 1721 Cr Income, Reduces Debt By Rs 440 Cr In Q2 FY25

Textile Insights November 12, 2024

Trident Ltd, a leading vertically integrated manufacturer of textiles (including yarn, bath and bed linen), paper (wheat straw-based), and chemicals, has announced its financial results for the second quarter of fiscal year 2025 (Q2 FY25) ending on 30th September 2024. For Q2 FY25, the company’s standalone total income stood at Rs 1721 crore, with an […]

Cotton

Better Cotton Partners With TEXPROCIL To Promote Indian Cotton

Textile Insights November 12, 2024

Better Cotton has signed a Memorandum of Understanding (MoU) with The Cotton Textiles Export Promotion Council (TEXPROCIL) of India to promote high-quality, sustainable Indian cotton on the global stage. This partnership builds on TEXPROCIL’s initiative, launched in collaboration with the Government of India and the Ministry of Textiles, to introduce ‘Kasturi