Event

Messe Frankfurt Sustainability Initiative Titled Econogy

Textile Insights August 3, 2023

Messe Frankfurt’s Texpertise Network will realign its sustainability event formats at its around 50 textile trade fairs. The information, discussion, education and networking formats for sustainable business will now be titled ‘Econogy’. With this step, Messe Frankfurt will create a new common

Machinery

“Prisma Best Yarn Clearer To Detect Basic Faults” – Loepfe

Textile Insights August 3, 2023

Optical Yarn Clearer manufacturer Loepfe said its Prisma simultaneous dual measurement is the most effective medium to detect basic faults in yarn quality control. Prisma provides spinning mills with the best yarn quality, splice cycles and energy consumption and its optical infrared and mass sensors work in harmony, combining the two outputs into one signal. […]

Financial Results

Cellulose Fibre Maker Lenzing Group H1 Sales Slip 3.4%

Textile Insights August 3, 2023

In the first six months of 2023, sales at cellulose fibre producer Lenzing Group slipped 3.4 percent year on year to €1.25 billion, mainly due to lower fibre revenues, although pulp revenues were up. EBITDA in the first half of 2023 declined significantly by 27.7 percent from a year ago period to €136.5 million. Lenzing […]

Financial Results

Astounding Leap In Welpsun India’s Q1FY’24 Net Profit

Textile Insights August 2, 2023

Net profit at Welspun India, a major producer and exporter of home textiles leaped an astounding 957.68 percent year on year in the first fiscal quarter ended June 30, 2023. In a BSE filing, Welsun said it clocked a net profit of Rs 155.48 crore in the previous quarter versus Rs 14.70 crore for the […]

Event

ITMA Radiates Positive Energy & Also Resounds With Success

Textile Insights August 2, 2023

Neither a pandemic, nor supply chain disruptions and global banking crisis among several other issues impacting the global textile industry, could keep the textile industry away from showing up at ITMA 2023. 1,709 exhibitors from 47 countries came close to 2019’s record-breaking number of exhibitors. But despite the slightly lower number of exhibitors compared to […]

Industry

Calderdale Starting Bespoke Textile Apprenticeship Course In UK

Textile Insights August 2, 2023

Calderdale College has partnered with Huddersfield-based Textile Centre of Excellence (TCoE) and the British Textile Machinery Association (BTMA) to develop a bespoke textile engineering course in West Yorkshire. Starting in September 2023, the Level 3 apprenticeship course will see Engineering Technician apprentices at Calderdale College receive training from the Textile

Export

US Garment Imports Plunge 22.92% Between Jan-May 2023

Textile Insights August 2, 2023

US garment imports in the first five months of 2023 plunged 22.92 percent year on year, to US $31.51 billion as against $40.89 billion in January-May 2022. Between January and May 2023, volume wise data measured in Square Meter Equivalent (SME) sank 30.48 percent from a year ago period to 9.58 billion SMEs from 13.79 […]

Industry

Situation Improves For First Time Since Nov 2021 – ITMF

Textile Insights August 2, 2023

Despite remaining in negative territory, the business situation has improved worldwide for first time since November 2021 in July 2023. An increasing number of companies have adapted to the harsh business environment and are now reporting improvements. This is the summing up of an International Textile Machinery Federation (ITMF) survey conducted in the first fortnight

Cotton

Pakistan Reintroduces Cotton Grading & Standardisation System

Textile Insights August 1, 2023

Pakistan’s cotton grading and standardisation system will be reintroduced after several decades with a touch of modernity, mainly due to the efforts of Pakistan Cotton Brokers Association (PCBA). “We, along with other stake holders would try to finalise a date and venue for relaunch next month, possibly August 14, the Independence Day,” PCBA President Kashif […]

Apparel, Fashion, Retail

Adidas Inks Record $1.1bn Apparel Deal With Manchester United

Textile Insights August 1, 2023

Football club Manchester United has signed an astounding and record-breaking US $1.1 billion deal with Adidas to extend their garment uniforms sponsorship for the next 10 years. Adidas will continue to make the soccer club’s apparel uniforms through 2035 and Adidas said there will be a greater focus on Manchester United’s women’s team. The German […]