Sustainability

ReCircled & Kaltex Denim Unveil 100% Circular Denim Jeans

Textile Insights July 18, 2023

ReCircled LLC, a marketer of certified preowned garments, footwear and accessories, and Kaltex USA, a denim producer will partner to launch a fully circular denim fabric in the western hemisphere. ReCircled will work with brands and retailers on unsaleable items and then sort them brand wise.

Machinery

KNOT Seminar Gives Oversight On Technologies Shown At ITMA

Textile Insights July 18, 2023

Kushal Network of Textile (KNOT) hosted a half-day seminar on ‘Transformation in Textile World’ on July 15 with support from Kushal Textile Institute (KTI) in Surat. The objective of the seminar was to give an oversight of ITMA 2023 to members of KNOT & KTI. The seminar saw attendance of around 100 delegates, whose average […]

Industry

Imported Second Hand Clothing Mars East African Textile Sector

Textile Insights July 18, 2023

Despite East Africa having a massive capacity to produce cotton textiles and garments thanks, to availability of raw materials and a workforce, the region scores relatively low in consumption of local textile products. According to the Kenya Institute for Public Policy Research and Analysis (KIPPRA), 70 percent of Kenyan garment manufacturing companies sell about 80 […]

Industry

Indian Textile Industry Witnessing Unparalleled Financial Crisis

Textile Insights July 18, 2023

The Indian textiles and garment industry is witnessing an unparalleled financial crisis due to various reasons and which have disrupted exports of yarns, fabrics and garments to the main markets of the US and EU. The reasons include the prolonged Russian-Ukraine war, higher inflation, slow-down in global economy, 11 percent import duty levied on cotton […]

Industry

Cotton Spinning Operating Margins Will Expand To 11.5-12.0% – ICRA

Textile Insights July 18, 2023

Operating margins for the Indian cotton spinning industry will expand 50-100 bps to 11.5-12.0 percent in the current fiscal ending March 2024, despite an expected 7 percent decline in revenues. Due to an improvement in orders from the downstream garment companies gearing up for Spring/Summer season of 2024 in the US and EU, demand is […]

Tete-A-Tete

LRT Largest Worldwide Manufacturer of Ring Travellers

Textile Insights July 17, 2023

Lakshmi Ring Travellers (LRT) which manufactures 4,500 million pieces of Ring Travellers per annum is the largest manufacturer of Ring Travellers in the world, catering to requirements of over 4,500 spinning mills worldwide. Additionally, LRT has a massive 74.3 percent market share in the Indian textile industry and over 40 percent market share in overseas […]

Event

TAI & VJTI Organise Half-Day Seminar On INNOVATIONS @ ITMA

Textile Insights July 17, 2023

The Textile Association (India), Mumbai Unit & Veermata Jijabai Technological Institute (VJTI) had jointly organised a half-day seminar on ‘INNOVATIONS @ ITMA MILAN 2023’ on July 7. The seminar was inaugurated by the Chief Guest Mr Ketan Sanghvi, Hon. Treasurer, India ITME Society, and was attended by around 125 participants including students. Mr Rajiv Ranjan, […]

Dyes & Chemicals

AATCC Hosting Textile Discovery Summit In September

Textile Insights July 17, 2023

AATCC will host the Textile Discovery Summit from September 12-14 in Greenville, South Carolina, which will focus on supporting sustainability through innovation. Attendees to the Textile Discovery Summit will have the opportunity to engage in educational presentations, stimulating networking receptions, insightful breakout sessions, and witness the latest advancements in

Export

Indian Merchandise Exports Plunge 22% In June

Textile Insights July 17, 2023

Merchandise exports from India plunged 22 percent from a year ago month to $32.97 billion in June 2023, due to weakening global demand and inflationary trends in developed countries. Indian merchandise imports also fell 17.5 percent year on year to $53.10 billion in the previous month. Trade deficit however narrowed in the earlier month to […]

Sustainability

Solvay Launches SCS Certified Recycled Nylon 66

Textile Insights July 17, 2023

Solvay has launched a new and specialised grade of Rhodianyl also called Nylon 66, made of 100 percent pre-consumer recycled polyamide, which is produced at its Santo Andre plant in Brazil. The product has achieved SCS Recycled Content Certification, reaffirming Solvay’s commitment to circular economy. According to Solvay, the internationally recognised third-party