Industry

1,600 Textile & Garment Factories Shut Shop In Pakistan

Textile Insights September 5, 2023

Around 1,600 Pakistani textile and garment factories have shutdown over the past 16 months and the Pakistani Commerce Ministry is contemplating a strategy to reopen these closed factories “A framework is in the process of finalisation which will provide regional competitive energy pricing,

Event

ITMF Opens Registration For Annual Conference In China

Textile Insights September 5, 2023

The International Textile Machinery Federation (ITMF) has opened registrations for its ITMF Annual Conference 2023, scheduled to be held in Keqiao, China from November 4-6, 2023. The conference is being co-hosted by the China National Textile and Apparel Council (CNTAC) and the Shaoxing Municipal People’s Government. More than 500 international industry experts from around

Cotton

Pakistani Cotton Arrivals Soars 97.5% Till Aug 31

Textile Insights September 5, 2023

Cotton arrivals in Pakistan soared 97.5 percent from a year ago period as on August 31, 2023 to total 3.04 million bales as against 1.53 million bales in the same period last year. “Pakistan is expecting a bumper cotton output and production may reach the target of 12 million bales in 2023-24,” data from Pakistan […]

Home Textiles

Operating Profit Of Home Textile Sector To Improve 150-200bps

Textile Insights September 4, 2023

Operating profitability of the Indian home textiles sector will improve 150-200 basis points to 14.0-14.5 percent, due to lower raw material costs and better operating leverage. In a report, Crisil Ratings added that despite improvement in operating profitability, they will still hover below pre-pandemic levels. The ratings agency also said that revenues from the home […]

Corporates

Fifth Edition Of Indorama Ventures’ ‘Circular Innovation Challenge’

Textile Insights September 4, 2023

Indorama Ventures Public Company Limited, a global sustainable chemical company announced its support for the ‘Circular Innovation Challenge 2023’ for the third consecutive year. “The five-week hackathon aims to inspire and engage young people across Southeast Asia to create solutions to address sustainability challenges and the circular economy in Southeast Asia and

Machinery

Kornit’s Atlas Max Poly DTG Bags ‘Best Technology’ Award

Textile Insights September 4, 2023

Digital textile printer manufacturer, Kornit Digital has bagged the Pinnacle Product Award for ‘Best Technology’ by the Printing United Alliance for its Atlas Max Poly DTG printer. According to the Israeli company, the industry award singles out those technologies, predicted to have a significant impact on the world of digital textiles, now and in the […]

Machinery

Setex & Navis TubeTex Team Up To Integrate Solutions

Textile Insights September 4, 2023

Setex and Navis TubeTex have joined hands to improve textile dyeing and finishing by integrating their respective solutions. Navis TubeTex has been appointed as the new Setex agent for Canada, Honduras and the United States. Through this partnership, Navis TubeTex will offer textile manufacturers comprehensive and integrated solutions to enhance efficiency, streamline

Export

Vietnamese Apparel Exports Up 6.8 Percent In July

Textile Insights September 4, 2023

In July 2023, garment exports from Vietnam totaled US $3.27 billion, an increase of 6.8 percent, when compared with June 2023. As against the earlier eleven months, Vietnamese clothing shipments recorded the highest value in July 2023, according to the General Statistics Office (GSO). “Shipments of apparel are showing recovery signs in several markets and […]

Cotton

Project To Promote DNA Testing Of Cotton In India

Textile Insights September 2, 2023

Textiles Minister Piyush Goyal informed that a project will be initiated for development of cotton markers in order to promote DNA testing of cotton in the country. Piyush Goyal said this while presiding over the seventh interactive meeting with the Textile Advisory Group (TAG) on Cotton, in Coimbatore to review progress of initiatives for cotton […]

Industry

India Has Capability To Become World’s Biggest Textile Hub: Goyal

Textile Insights September 2, 2023

India has the capability to become the world’s biggest textile hub and the Indian textile sector has done commendable work, but should multiply their efforts, as a lot still needs to be achieved. This was said by Chief Guest and Textile Minister Piyush Goyal, while delivering the keynote address at the 11th Asian Textile Conference […]