Machinery

Monforts Exhibiting Montex Stenter Chamber At ITM 2024

Textile Insights May 23, 2024

Monforts, which is celebrating its 140th anniversary this year, will exhibit a Montex stenter chamber with an integrated overhead heat recovery unit at ITM 2024 exhibition at its partner Stall 1116B, Hall 11. The heat recovery unit on display is just one of a range of energy saving options the

Machinery

Uster Highlighting Fiberq & RSO 3D At ITM 2024 Exhibition

Textile Insights May 23, 2024

At the upcoming ITM 2024, Uster will highlight its Uster FiberQ and RSO 3D, both of which offer an attractive ROI in Hall 7, Booth 714B. “They also help spinners control the most expensive stages in the mill process, cutting waste and boosting profits,” the Swiss company said in a press release. According to Uster, […]

Financial Results

Q4FY’24 Net Profit At Kitex Garments Soars Massively By 500%

Textile Insights May 23, 2024

Net profit at Kitex Garments soared massively by nearly 500 percent to Rs 20.13 crore in the January to March 2024 quarter as against Rs 3.36 crore in the same quarter of previous fiscal. Consolidated net sales at the Sabu Jacob led company grew by a significant 77.11 percent year on year to total Rs […]

Financial Results

Arvind Fashions’ Consolidated Net Profit Up 39% In Q4FY’24

Textile Insights May 23, 2024

Arvind Fashions Ltd reported a 39.09 percent hike in consolidated net profit to Rs 39.67 crore in the fourth fiscal quarter ending March 2024, as against 28.52 crore for the same quarter of earlier fiscal. Arvind Fashions’ revenue from operations grew to Rs 1,093.85 crore, up 3.66 percent in the January to March 2024 quarter […]

Export

Bangladeshi Garment Exports To India Fall 22% In July-March

Textile Insights May 23, 2024

Exports of garments from Bangladesh to India fell to US $645.18 million between July and March of fiscal 2023-24, down 22.31 percent from $830.51 million in same period of previous fiscal. Exports of garments to India dropped despite overseas shipments rising to other non-traditional markets, sata of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Cotton

India’s Cotton Production Gallops, While Pakistan’s Lags

Textile Insights May 23, 2024

Until the 1990s, India lagged behind Pakistan in cotton production. However, today, India has not only surpassed Pakistan but also topped the global ranking. Indian cotton production will be 34.7 million bales of cotton in the 2023-24 season, accounting for 25 percent of the world’s total production. While Pakistan’s production remains at barely 8-9 million […]

Technical Textile & Nonwoven

Govt Planning QCO In Build Tech Segment Of Technical Textiles

Textile Insights May 22, 2024

The Indian government is planning to introduce Quality Control Orders (QCOs) targeting 11 key technical textile products in the build tech category. The government is doing so to step up safety standards of clothing used by workers and professionals in the construction sector. These QCOs are specifically designed to elevate the quality and performance of […]

Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]

Software

Datacolor Releases Significant Software Portfolio Updates

Textile Insights May 22, 2024

Datacolor has released significant software portfolio updates, including the integration of Colibri support and enhancements to its colour matching and quality control (QC) tools. The latest version of the Colibri workflow software (version 24.1) released recently, includes many new features, including increased security, improved recipe correction and performance

Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024

Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company