Tete-A-Tete

Perfect Recycling Machine Offers Longer Length Fibres

Textile Insights June 22, 2023

ITMA 2023 edition is mainly focusing on Sustainability and Circularity, with buyers too showing interest in seeing technologies with a focus on these two features. India based Perfect Engineering anticipating this interest, too promoted its textile waste recycling technology at its stall.

Product Launch & Innovation

WFX Launches IoT Enabled Textile ERP Solution

Textile Insights June 21, 2023

Gurugram based WFX and a provider of enterprise software solutions for the fashion industry, has recently launched their IoT-enabled Textile ERP Solution. “Designed specifically for the textile industry, this cutting-edge software is set to transform material planning, optimise productivity, and streamline operations for textile companies worldwide,” WFX said in a press

Industry

The Yarn Bazaar raises Rs 150 million in First Funding Round

Textile Insights June 21, 2023

The Yarn Bazaar, an online B2B managed marketplace, providing a one-stop solution for all yarn-related requirements, has raised Rs 150 million in a Pre-Series A Round. The investment was led by the Rajiv Dadlani Group and Equanimity Ventures and also saw participation from reputed Family Offices and HNI investors. The funding will primarily be used […]

Textile Park

South Korean Textile Giant To Create 21,000 Jobs in Telangana

Textile Insights June 21, 2023

Youngone, South Korea’s textile major and giant is setting up 11 factories at Kakatiya Mega Textile Park (KMTP) in Telangana’s Warangal district. “Four factories will be started in the first phase, which will provide employment to around 6,000 people, while seven more units will be set up in various phases and in total will provide […]

Export

Pak Textile Exports Dip 14.2% In Eleven Months Of FY’23

Textile Insights June 21, 2023

In the first eleven months of fiscal ending June 30, 2023, Pakistani textile exports fell 14.2% year on year, to touch US$ 15.02 billon as against $17.62 billion in the same period of previous fiscal. However, the Pakistan Bureau of Statistics (PBS) said that export of raw cotton bucked the trend and more than doubled […]

Cotton

Global Cotton Output Slightly Higher In 2023-24

Textile Insights June 21, 2023

Global cotton production in cotton year 2023-24 is forecast at 116.7 million bales (1 bale = 480 pounds), 400,000 bales or slightly higher from the previous cotton year and which had the largest crop in four years. According to United States Department of Agriculture (USDA) statistics, the higher production is forecast for most of the […]

Event

Digitalisation & Sustainability Take Huge Leap At ITMA

Textile Insights June 20, 2023

The biggest textile machinery exhibition in the world, ITMA 2023 closed its doors on June 14, 2023, with a strong presence of both, exhibitors as well as visitors with transformation toward digitalisation and sustainability taking a huge leap. 1,709 exhibitors from several countries showcased innovative, cutting-edge and a comprehensive range of textile technologies at

Product Launch & Innovation

Spinnova Partners Terafil For New Yarn Development

Textile Insights June 20, 2023

Finland based producer of natural fibres, Spinnova has partnered with Portugal based vertically integrated textile mill, Terafil in a yarn development cooperation agreement. Under the agreement, Tearfil will operate Spinnova’s R&D yarn-spinning line at its facilities in Portugal, and undertake new product development activity on behalf of Spinnova. The rationale behind

Fibre

Partnership Hikes Proportion Of Recycled Fibres In Yarn

Textile Insights June 20, 2023

Recover, Rieter and Polopiqué, three key players in different stages of the textile supply chain have partnered, to respond and meet the challenge of an increased demand in high quality and fine ring spun cotton yarns with a higher proportion of recycled fibres. By combining Recover’s mastery of the latest recycling technology, Rieter’s expertise in […]

Cotton

USDA Projects 16% Higher US Cotton Crop in 2023-24

Textile Insights June 20, 2023

For the 2023-24 cotton season, the United States Department of Agriculture (USDA) has increased US cotton crop production projection to 16.5 million bales (1 bale = 480 pounds) or 14% above the 2022-23 crop and 6% above the 3-year average. “The June forecast increased due to recent precipitation in the Southwest region that improved moisture […]