Industry

Tiruppur Hosiery Body Seeks Curbs On Bangla Garment Imports

Textile Insights August 8, 2023

The South India Hosiery Manufacturers’ Association (SIHMA) has called upon the central government to take measures in curbing apparel imports from Bangladesh. Additionally, the association highlighted the need to impose restrictions on raw cotton exports once the new cotton season begins from

Fibre

Lenzing Group Bags Platinum Status In EcoVadis CSR Rating

Textile Insights August 8, 2023

Producer of specialty fibres for the textile and nonwoven industries, Lenzing Group has bagged the platinum status in the EcoVadis CSR rating and puts Lenzing in the top one percent of global companies rated by EcoVadis. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working […]

Industry

Smuggling Of Textiles & Clothing Kill Nigerian Textile Sector

Textile Insights August 8, 2023

Smuggling of textiles and garments through Nigeria’s land borders, has led to the closure of over 150 textile companies in the last few decades. The closure of the Nigeria and Niger road border has left several trucks stranded on the border, which are carrying smuggled and cheap textiles This was revealed by the Director-General of […]

Financial Results

Net Profit At Nandan Denim Plummets 89.8% in Q1FY’24

Textile Insights August 7, 2023

In the first quarter of fiscal 2024 ending June 30, 2023, net profit at Gujarat based Nandan Denim plummeted 89.8 percent to Rs 1.07 crores from Rs 10.5 crore in the same quarter of previous fiscal. In the reporting quarter, sales at one of the biggest Indian denim fabric manufacturer, was also down 28.90 percent […]

Export

European Union Garment Imports Climb 20.97% in 2022

Textile Insights August 7, 2023

In 2022, the European Union’s garment imports from the world climbed 20.97 percent to reach US $103.09 billion as against $85.23 billion in 2021 and which stood at $90.53 billion in 2018. Quoting EUROSTAT statistics, the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) said while, EU’s apparel imports from Bangladesh has grown at a CAGR […]

Industry

Pakistani Textile Industry On Ventilator Support

Textile Insights August 7, 2023

Difficulties in the Pakistani textile industry, which accounts for 60 percent of Pakistan’s overall exports has been seriously affected by multiple factors in the last few years. They include the Covid-19 pandemic, slowdown in orders from the US and the EU, rise in energy costs, critical state of the economy and months of political chaos […]

Machinery

Italian Company Biancalani Meets More Than 300 Buyers At ITMA

Textile Insights August 7, 2023

Italian textile finishing machinery manufacturer Biancalani met more than 300 buyers at ITMA 2023 and exhibited with the motto ‘We are open’. Potential and existing customers visited its stall from all over the world, and in order of interest the main countries were, India, Turkey, Pakistan, Brazil, Italy, Egypt and the United States. The company […]

Sustainability

New UN Report To Help Fashion Sector Reduce Carbon Footprint

Textile Insights August 7, 2023

The UN Climate Change’s Fashion Industry Charter for Climate Action has released two reports which aims to help the fashion industry reduce their carbon footprint. The two reports will help better understand on how to reduce greenhouse gas emissions from raw material extraction, production and processing, which for some companies is the most carbon-intensive part […]

Cotton

Pak Ginning Factories Witness Impressive Cotton Arrivals

Textile Insights August 5, 2023

Cotton ginning factories in Pakistan witnessed an impressive arrival of 1.42 million bales of cotton lint till July 31 in the current cotton season. This was made possible due to a record cotton crop output and as there was not any significant pest threat to the cotton crop from any of the major cotton growing […]

Apparel, Fashion, Retail

80% Of US Garment Brands Will Reduce Sourcing From China

Textile Insights August 5, 2023

Nearly 80 percent of US garment and fashion brands plan to reduce their China sourcing over the next two years. This was revealed in a survey done by the United States Fashion Industry Association (USFIA) of 30 fashion companies between April and June 2023, a majority of them having more than 1,000 employees. US fashion […]