Machinery

Asteks 401-SF Series Gains Traction In Türkiye’s Leading Textile Mills

Textile Insights August 21, 2024

Asteks’ innovative 401-SF series cots grinding machines, equipped with high efficiency and advanced automation features, are gaining popularity in spinning mills worldwide. Recently, two of Türkiye’s leading textile companies, Kaynak İplik and Grand İplik, chose the 401-SF for their cots

Event

Zydex Unveils Eco-Friendly Solutions, Gains Attention At Knit Show

Textile Insights August 21, 2024

Zydex Industries made a significant impact at the prestigious Knit Show 2024 in Tiruppur, where it unveiled its latest innovations in textile processing, finishing, and printing. The event, a key platform for the Tiruppur textile cluster, received an overwhelming response from visitors, customers, and business associates, reflecting the growing interest in Zydex’s

Event

Coats Digital’s FastReactFabric Wins Two SaaS Awards

Textile Insights August 19, 2024

Coats Digital has announced that its industry-leading fabric solution, FastReactFabric, has won two prestigious categories at the 2024 SaaS Awards: Most Agile/Responsive SaaS Solution of the Year and Best SaaS Product for CSR, Sustainability & ESG. These accolades recognize FastReactFabric’s innovative features, seamless integration and its transformative impact

Product Launch & Innovation

Aarti International Wins Punjab State Award For ZLD Innovation

Textile Insights August 19, 2024

Aarti International Ltd has been honoured with the prestigious state award by Punjab Chief Minister Bhagwant Mann for its groundbreaking implementation of Zero Liquid Discharge (ZLD) plant technology. The award recognizes the company’s significant contributions to sustainability and environmental responsibility. The ZLD technology ensures that no liquid waste is

Industry

Bangladesh Textile Factories Resume Operations After Civil Unrest

Textile Insights August 19, 2024

Following recent civil unrest in Bangladesh, textile factories owned by Indian companies have restarted operations, according to a senior official from the Ministry of Commerce. The official, who requested anonymity, confirmed that after several days of disruption, these manufacturing units are now functioning smoothly. Cross-border truck movement between India and

Industry

Bangladesh Garment Industry Hit Hard By Gas Shortages And Rising Import Costs

Textile Insights August 19, 2024

Bangladesh’s garment industry is facing severe disruptions due to a natural gas shortage, leading to a 13% increase in yarn imports. From July 2023 to April 2024, imports surged to $2.64 billion as local yarn production faltered. This reliance on foreign yarn is straining foreign reserves and reducing local value addition. Factories need 8-10 PSI […]

Textile Print

Pincroft Boosts Camouflage Printing With New Equipment

Textile Insights August 19, 2024

As a global leader in military fabric printing, dyeing and finishing, Pincroft has announced the purchase of state-of-the-art equipment that will boost the company’s camouflage printing capacity to over 8 million metres annually. The new equipment features cutting-edge rotary screen printing technology, including a magnet combined system for uniform application, digital

Sustainability

Assam’s Eri Silk Earns Prestigious Oeko-Tex Standard 100 Certification

Textile Insights August 19, 2024

Assam’s Eri Silk has been awarded the Oeko-Tex Standard 100 certification, a mark of safety indicating that the textile has been tested for harmful substances from yarn to finished product. Assam Chief Minister Himanta Biswa Sarma celebrated the achievement, calling it a proud moment for the state and highlighting the certification’s role in setting benchmarks […]

Industry

Global Textile Machinery Shipments Surged In 2023: ITMF

Textile Insights August 19, 2024

The 46th International Textile Machinery Shipment Statistics (ITMSS) report, released by the International Textile Manufacturers Federation (ITMF), revealed that global shipments of new textile machinery increased across most segments in 2023, with notable growth in shuttle-less looms and flat knitting machines, despite a decline in texturing machinery. Spinning Machinery

Financial Results

VIP Clothing Posts Negative Growth In Q1 FY25

Textile Insights August 19, 2024

VIP Clothing, a leading innerwear manufacturer known for its marquee brands such as VIP, Frenchie, Feelings, and Leader, announced its unaudited financial results for the first quarter ended June 30, 2024. Highlights Revenue from operations: Rs 501.20 mn, compared to Rs 536.64 mn in Q1 FY24. EBITDA: Rs 28.06 mn, down from Rs 35.29 mn […]