Industry

Indonesian Textile & Apparel Sector Witnesses Growth In April

Textile Insights May 10, 2024

The Indonesian textile industry has shown encouraging growth in April 2024, overcoming the challenges like unprecedented hike in imported textiles and a decline in domestic demand some time ago. This was conveyed in the latest release of the Industrial Confidence Index (IKI) by the Ministry of

Industry

Chinese Listed Textile Companies Achieve Good Growth In Q1

Textile Insights May 10, 2024

In the first quarter of this year, Chinese stock exchange listed textile manufacturing companies achieved a collective operating income of approximately Yuan 30.95 billion, up 9.8 percent year on year. Total net profit of these companies stood at Yuan 1.79 billion in the first three months of 2024, a year-on-year increase of 20.32 percent,” China […]

Export

BGMEA Seeks Incentives Post LDC To Reach $100bn Target By 2030

Textile Insights May 10, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the industry will meet target of US $100 billion by 2030, if the government supports industry post LDC graduation in 2026. According to BGMEA President SM Mannan, the apparel industry seeks an alternative support by way of cash incentives after Bangladesh graduates from least developed country […]

Financial Results

Net Profit At Century Textiles Plummets 97% In Q4FY’24

Textile Insights May 10, 2024

Century Textiles & Industries Ltd posted a 97 percent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 percent to Rs 1,542 crore, up from Rs 965 […]

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 37.7 percent and yarn at 46.8 percent,” the […]

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 […]