Machinery

MKAS Textile Achieves Energy-Saving And Cost-Saving Automation With Rieter’s Autoconer X6 Multilink

Textile Insights November 11, 2024

MKAS Textile Pvt. Ltd., opted for a high degree of automation with the Autoconer X6 Multilink system. To plan the most effective and optimal spinning mill layout, Rieter experts discussed the requirements with the company’s management and technicians. Due to the attractive benefit on investment

Sustainability

Over 50% Of Indian Manufacturers Prioritising Investments In Sustainable Practices: PwC Study

Textile Insights November 11, 2024

An overwhelming majority of Indian manufacturers are prioritising sustainability to target a 2-3x rise in profits over the next three to five years, according to PwC’s report — Decoding the Fifth Industrial Revolution: Marching towards a resilient, sustainable and human-centric future. Covering six industries, the study finds, 93 per cent of Indian manufacturers are

Corporates

Freudenberg Group Inaugurates Advanced Manufacturing Facilities In Morinda

Textile Insights November 10, 2024

Germany-based global technology conglomerate Freudenberg Group has officially inaugurated two state-of-the-art manufacturing facilities in Morinda, encompassing a total built-up area of 40,700 sq. metres. These facilities, operated by Freudenberg-NOK India Pvt. Ltd. (FNI) and Vibracoustic India, consolidate the company’s operations from its previous plants in Basma and

Technical Textile & Nonwoven

Silk Thread Breakthrough Turns Clothing Into Power Generators

Textile Insights November 10, 2024

A research team led by Chalmers University of Technology in Sweden has developed a breakthrough silk thread coated with a conductive polymer, enabling textiles to generate electricity. This innovation opens up possibilities for clothing that can charge electronics or power health-monitoring devices. Thermoelectric textiles, like this silk thread, convert temperature

Special Report

Goma Suri – What Is It and Why We Should Avoid It?

Textile Insights November 9, 2024

“They are Goma suri!” whispered my Japanese friend into my ear, making a curious motion with his hands, like rotating his closed hand on the palm of the other hand. “What?” I couldn’t quite grasp what he meant. Though I knew some Japanese, it was just enough to get by in casual conversations. He mentioned […]

Corporates

Himatsingka Seide Limited Successfully Completes Rs. 400 Crore QIP

Textile Insights November 8, 2024

Himatsingka Seide Limited (HSL) has announced the successful completion of its Rs. 400 crore Qualified Institutional Placement (QIP). The funds raised will primarily be used to repay and reduce the company’s outstanding debt, bolstering HSL’s financial position and supporting its long-term growth strategy. The QIP saw significant interest from marquee investors and was

Financial Results

Page Industries Q2: Strong 11% Revenue, 30% PAT Gain

Textile Insights November 8, 2024

Page Industries Limited, India’s leading apparel manufacturer, has reported impressive financial results for Q2 and H1 FY25, driven by strategic operational efficiency and robust demand. For Q2 FY25, Page Industries achieved a revenue of Rs. 12,463 million, marking an 11% year-over-year growth, while PAT rose by a substantial 29.9% to Rs. 1,953 million. Key financial […]

Financial Results

Indo Count Reports Strong Q2, Unveils Strategic Transformation

Textile Insights November 8, 2024

Indo Count Industries Limited has reported its unaudited financial results for Q2 and H1 of FY25, ending September 30, 2024. The company, marking the launch of “Indo Count 2.0 – An Era of Transformation,” is embarking on a new phase focused on strategic expansion, diversification, and sustainability. Key Highlights of Indo Count 2.0 Core Business […]

Machinery

Summa Launches L1810 Gen 2.6 Laser Cutter For Precision Textile Cutting

Textile Insights November 7, 2024

Summa, a global leader in precision cutting technology, has unveiled the L1810 Gen 2.6 laser cutter, a cutting-edge textile solution built to elevate efficiency and performance. With high-volume, high-precision capabilities, this advanced laser cutter targets applications in sportswear, dye-sublimated garments, and other textile products. The L1810 Gen 2.6 introduces

Home Textiles

CRISIL Ratings: Home Textiles Industry To Grow 6-8% This Fiscal

Textile Insights November 7, 2024

India’s home textile industry is projected to achieve 6-8% growth this fiscal year following a 9-10% revenue rebound last fiscal. This growth will be driven by resilient demand from the US, the industry’s primary export market, and expansion in the domestic market, despite ongoing logistical challenges. A CRISIL Ratings analysis of 40 companies, representing