Economy

Siyaram’s Welcomes Ranbir Kapoor As New Brand Ambassador

Textile Insights September 2, 2024

Siyaram’s, one of India’s leading manufacturers of premium suiting and shirting fabrics and fashion apparel, has announced Bollywood superstar Ranbir Kapoor as its new brand ambassador. This strategic partnership aims to elevate the brand’s appeal among the youth, connecting with a

Corporates

PUMA Appoints Indrajeet Sen As SVP Of Sourcing

Textile Insights September 2, 2024

PUMA has named Indrajeet Sen as Senior Vice President of PUMA Group Sourcing, assuming the operational responsibilities of the Chief Sourcing Officer role. Indrajeet (Indy) Sen will oversee global sourcing and development for footwear, apparel and accessories, focusing on operations and sustainability, and will report directly to Chief Product Officer Maria Valdes. He will

Financial Results

PVH Corp Posts Strong Margins, Higher EPS For Q2 FY2024

Textile Insights September 2, 2024

PVH Corp announced its second-quarter 2024 results, delivering on its earnings guidance despite a 6% revenue decline to US$ 2.074 billion. This decrease includes a 3% impact from the sale of the Heritage Brands women’s intimates business in late 2023. Stefan Larsson, CEO, highlighted the company’s successful execution of the PVH+ Plan, leading to strong […]

Sustainability

UPM Earns Platinum Rating From EcoVadis For Sustainability Excellence

Textile Insights September 2, 2024

UPM has been awarded a prestigious platinum rating by EcoVadis, reflecting the company’s outstanding sustainability performance across four critical areas: environment, labour and human rights, ethics, and sustainable procurement. This top-tier rating places UPM among the elite one per cent of the 130,000 global companies assessed by EcoVadis. UPM achieved a

Corporates

Oerlikon Celebrates 20 Years Of e-save Sustainability

Textile Insights September 2, 2024

Oerlikon marks two decades of its e-save sustainability programme, achieving over 15 million tonnes of CO2 savings. Launched in 2004, e-save focuses on energy efficiency, environmental impact and ergonomics. Innovations like WINGS POY and WINGS FDY have significantly reduced energy consumption and set industry benchmarks. Oerlikon’s technology, used in half of the

Technical Textile & Nonwoven

Manjushree Spntek Launches Hightex Hybrid Nonwovens For Chemo Gowns

Textile Insights September 2, 2024

Manjushree Spntek has unveiled ‘Hightex’, an innovative hybrid nonwoven fabric designed to enhance the safety of healthcare professionals who administer chemotherapy drugs. This cutting-edge fabric represents a significant advancement in protective apparel for cancer care. ‘Hightex’ is crafted from a unique combination of polymer-based continuous fibre web and

Industry

Union Minister Of Textiles Praises NITRA’s R&D Innovations

Textile Insights September 2, 2024

On August 21, 2024, Union Minister of Textiles, Giriraj Singh, met with Dr. M. S. Parmar, Director and senior scientist at the Northern India Textile Research Association (NITRA), to commend their R&D achievements. The focus was on NITRA’s work on “cellulose-based indigenous high Clo value and low-density surface modified natural fibre for developing

Export

Bangladesh Exports Drop 4.34% In FY24 Due To RMG Decline

Textile Insights August 29, 2024

Bangladesh’s exports fell by 4.34% in FY24, totaling US$ 44.47 billion compared to US$ 46.49 billion in FY23, according to the Bangladesh Bank. This decline is primarily due to reduced shipments of ready-made garments (RMG), reflecting broader economic challenges. The Export Promotion Bureau (EPB) has yet to release the full FY24 export data. In July, […]

Corporates

Abercrombie & Fitch Co. Appoints Andrew Clarke To Board Of Directors

Textile Insights August 29, 2024

Abercrombie & Fitch Co. has announced the appointment of Andrew Clarke to its Board of Directors, effective August 21, 2024. Clarke, currently the Global President of Mars Snacking, brings over 30 years of experience in consumer-focused industries, including 24 years at Mars, Incorporated. “We are thrilled to welcome Andrew to the Board,” said Nigel Travis, […]

Industry

European Textile Industry: Navigating Challenges And Seizing Opportunities

Textile Insights August 29, 2024

Since 2020, global events such as Covid-19, Ukraine conflict and shifting geopolitical dynamics have profoundly impacted the world of work and the economic landscape. Rising inflation, skyrocketing energy costs and supply chain disruptions have compounded these effects. In Germany, fears of a gas shortage further heightened concerns. The shift to remote work and the