Financial Results

Go Fashion Posts Significant Growth In Q1 FY25

Textile Insights July 29, 2024

Go Fashion (India) Ltd, a leading women’s bottom-wear brand in India, has announced its unaudited financial results for Q1 FY25, showcasing significant growth across key metrics. The company reported total revenue of Rs 220.1 crore, a 16% increase from Q1 FY24. Gross profit rose by 17% to Rs

Machinery

Trützschler’s Next-Generation Carding Machine Gains Global Recognition

Textile Insights July 28, 2024

Trützschler’s next-generation carding machine, the TC 30i, entered the market in January 2024 and has since been impressing yarn manufacturers worldwide. The machine has delivered excellent results during customer tests in Türkiye and other countries, achieving up to 40% higher productivity while reducing energy consumption by up to 18%. Higher Productivity, Lower Energy

Apparel, Fashion, Retail

Mango Home Expands To Turkey Via Online Channel

Textile Insights July 28, 2024

Mango, one of Europe’s leading fashion groups, is expanding its homeware line, Mango Home, to the Turkish market via its online channel, mango.com. This expansion aligns with Mango’s 4E 2024-2026 Strategic Plan, focusing on strengthening its value proposition, expanding its reach and boosting sales in both physical stores and online channels. Founded in 2021,

Corporates

Freudenberg Apparel Opens Advanced Thermal Insulation Factory In Vietnam

Textile Insights July 28, 2024

Freudenberg Performance Materials Apparel (Freudenberg Apparel) has announced the opening of its advanced thermal insulation factory in Long Thanh district, Vietnam. This facility produces comfortemp, Freudenberg’s high-performance thermal insulation material for fashion and sportswear apparel. “Opening our first production site in Vietnam enables us to meet the

Industry

Kumaraguru College Receives Advanced Rieter Spinning Machine For Students’ Training

Textile Insights July 28, 2024

The Department of Textile Technology at Kumaraguru College of Technology organized a handover ceremony for the Rieter R923 Rotor Spinning Machine on July 22, 2024 at KCT college campus. The R923 Rotor Spinning Machine, generously sponsored by Rieter Group, Switzerland, is valued at Rs 40 lakh. This state-of-the-art machine will significantly enhance the department’s

Event

Nominations Open For Intexcon 2024 Technical Textiles Innovation Award

Textile Insights July 28, 2024

The Intexcon 2024 Technical Textiles Innovation Award, co-presented by Diagonal Consulting (India) and the Indian Technical Textiles Association (ITTA), is set to be a highlight of the upcoming Intexcon 2024. This international conference and expo, themed “Tech Tex Asia – Capitalising India’s Growth & Collaborative Transformation As A Global Leader In Advanced

Event

Better Cotton Announces New Council Co-Chairs And Members

Textile Insights July 28, 2024

Better Cotton has announced the appointment of two new co-chairs and five new members to its Council. Alan McClay, CEO at Better Cotton, expressed enthusiasm for the new appointments, stating, “Their experience, insights and perspectives will be invaluable as the council continues to evolve to best serve Better Cotton, its affiliated farmers and its diverse […]

Economy

ICT Mumbai And Evonik Collaborate For Academic Innovation

Textile Insights July 28, 2024

ICT Mumbai has announced its signing of a Memorandum of Understanding (MoU) with Evonik under their “Grow Beyond Yourself” initiative. This collaboration was made with the ongoing efforts to enhance educational and research opportunities for students and faculty. As part of the partnership, Evonik will sponsor innovative research projects, fostering innovation

Financial Results

Fineotex Raises Rs 342.5 Crores Via Equity And Warrants

Textile Insights July 25, 2024

Fineotex Chemical, a leading specialty chemical manufacturer, announces the successful fund raising of Rs 342.5 crores through a preferential allotment of equity shares and convertible warrants. The fund-raising was executed in two distinct phases: Phase I: The Company allotted 970,000 equity shares at an issue price of Rs 346 per share, aggregating to Rs 33.56 […]

Sustainability

New EU Law Sets Ambitious Ecodesign Requirements For Physical Goods

Textile Insights July 25, 2024

A new EU law has been enacted to establish comprehensive ecodesign requirements and information for nearly all physical goods entering the EU market. The Ecodesign for Sustainable Products Regulation, which builds upon the existing Ecodesign Directive that currently only covers energy-related products, aims to enhance the circularity, energy efficiency, and overall