Export

Uzbekistan Textile & Apparel Exports Increase 14.7% In Q1

Textile Insights May 9, 2024

In the first three months of ongoing year, Uzbekistan exported textiles and apparels totaling to US $775.7 million, up 14.7 percent over the same quarter of previous year. “Of overall textile and garment exports, the primary share was garnered by finished textile products like apparels, etc at

Fibre

Tearfil Starts Spinnova’s R&D Spinning Line Supplied By Rieter

Textile Insights May 9, 2024

Tearfil mill in Portugal has inaugurated Spinnova’s R&D yarn spinning line under a yarn development agreement under which the two companies will share the capacity of the spinning line. The spinning line machinery was delivered by Rieter and the R&D spinning line will be used for product development and testing of Spinnova fibre. The aim […]

Financial Results

Q1 Lenzing Group Revenues Increase 5.7% To €658.4 Million

Textile Insights May 9, 2024

Lenzing Group revenues rose by 5.7 percent year-on-year to €658.4 million in the first quarter of 2024, which it attributed to higher fibre sales volumes. Earnings before interest, tax, depreciation and amortization (EBITDA) more than doubled to €71.4 million in the reporting period compared with €29.7 million in the first quarter of 2023. “The operating […]

Corporates

Arvind Ltd Veteran Susheel Kaul Named As MD & President

Textile Insights May 9, 2024

Sanjay Lalbhai led Arvind Limited has named its veteran Susheel Kaul as its new Managing Director & President – Textile Cluster effective from April 1, 2024. “Susheel Kaul who currently serves as the President & CEO of Textiles and Apparels at Arvind Ltd, brings a wealth of experience and leadership to his new role,” the […]

Technical Textile & Nonwoven

Karl Mayer Presents Itself As Competent Partner At Techtextil

Textile Insights May 9, 2024

Karl Mayer Group presented itself as a competent partner in technical textiles at Techtextil in the areas of warp knitting, flat knitting, composites, warp preparation, digitisation and care solutions. Around 380 visitors visited the Karl Mayer stall and a further 76 customers travelled to its headquarters in Obertshausen to see tricot machines and Rascheltronic series

Export

AEPC Drafting New Growth Strategy To Double Apparel Exports

Textile Insights May 9, 2024

The Apparel Export Promotion Council (AEPC) is drafting a new growth strategy to double exports of apparels to US $40 billion by 2030. The new strategy will include targeting new markets like Brazil, Mexico, Poland, Russia, Saudi Arabia and South Africa while also hiking share in traditional markets of the UK, US and EU. According […]

Technical Textile & Nonwoven

Chinese Firm Installs Third Andritz Nonwovens Production Line

Textile Insights May 8, 2024

A Chinese high-end nonwoven synthetic leather producer has installed a third line from Andritz, which will enable the company to address growing demand for synthetic suede in the automotive sector. The advanced line installed at Meisheng is equipped with a ProWid system that allows Meisheng to ensure optimum web weight regularity across the full product […]

Industry

Investment In Bangladesh Textile Industry Slows Down

Textile Insights May 8, 2024

The investment in the Bangladesh spinning and weaving industry has slowed down because of gas shortage and for volatile dollar markets over the last two years. Many of the spinning mills have been running their production at 50 percent capacity because of the gas crisis in the industrial sector. Last year, no new spinning or […]

Machinery

Pincroft Benefits From Modernisation Of Monfort’s Thermex

Textile Insights May 8, 2024

Long-standing Monforts customer Pincroft has benefited from a complete modernisation of the Thermex continuous dyeing, condensing and thermosoling range at its dyehouse in Lancashire, England. Pincroft which has dyeing, printing and finishing facilities is well known for its advanced camouflage ranges for the military. First installed in 2007, the line has been upgraded to

Machinery

Karl Mayer At ITM 2024 Under Motto Of ‘Master The Change’

Textile Insights May 8, 2024

The Karl Mayer Group will be presenting itself at ITM 2024 exhibition under the motto of ‘Master the Change’ in Hall 3, Stand A-303. The German company will be presenting selected solutions to support customers in a market that is as important as it is difficult with a focus on flexibility and speed. The solutions […]