Industry

Depreciating Currency Adds To Woes Of Indonesian Textile Sector

Textile Insights April 26, 2024

To add to already existing woes of the Indonesian textile industry, the Indonesian currency Rupiah (IDR) is depreciating constantly against the US dollar. According to Refinitiv data, the IDR was quoted at 16,187 against one US dollar on April 26, 2024 as against IDR 14,929 per dollar on April

Export

Chinese Garment Exports Up 1.1% In First Quarter Of 2024

Textile Insights April 26, 2024

In the first quarter of 2024, China’s exports of apparels totalled US $33.82 billion, a year-on-year increase of 1.1 percent. “While, garment exports in March 2024 amounted to $10.43 billion, down 17.9 percent from a year ago month,” data from Chinese Customs informed However, when compared with March 2019, the year before the Covid-19 pandemic […]

Industry

TextileGenesis & Eon Collaborate On Digital Product Passports

Textile Insights April 26, 2024

TextileGenesis, a platform which ensures material traceability for the textile and garment sector has collaborated with Eon to create comprehensive Digital Product Passports (DPPs). Eon offers product digitisation, enabling retail brands to turn products into traceable, valuable assets through the creation of Digital IDs. “This collaboration will enable brands to create

Technical Textile & Nonwoven

Andritz Commissions Nonwovens Production Line In Turkey

Textile Insights April 26, 2024

Andritz has commissioned a nonwovens production line at Teknomelt Teknik in Turkey. The new neXline wetlace CCP line will produce nonwoven roll goods for biodegradable, plastic-free wet wipes. By combining the benefits of two technologies, spunlace and wetlaid, the line enables the use of bio-based fibres, like viscose and wood pulp, to produce high-performance and […]

Sustainability

Yet Another Bangla Garment Factory Bags Green LEED Certificate

Textile Insights April 25, 2024

Yet another Bangladesh apparel factory, Fashion Makers Ltd has been awarded with the green certification Leadership in Energy and Environmental Design (LEED) in Platinum category. Of the top 100 green garment factories globally, 55 are located in Bangladesh, which is above 50 percent of all global clothing factories who have been awarded the LEED certificate. […]

Corporates

Vietnamese Garment Exporter’s Dividend 10 Times Of Share Price

Textile Insights April 25, 2024

Vietnamese apparel exporter Phan Thiet Garment Export (PTGE) is paying the 2023 dividend to its shareholders, which is 10 times above its prevailing share price. At a recent AGM, the board of directors approved a 100 percent dividend whose payout is VND 5,000 per share as against its current market share price of VND 500. […]

Industry

China’s Cotton Textile Prosperity Index Above Critical Point

Textile Insights April 25, 2024

China’s Cotton Textile Prosperity Index has rebounded to above the critical point of 50 in March from that recorded in February 2024. China’s cotton textile prosperity index in March was 52.9%, higher than the critical point and up 6.5 percentage points from February. Cotton textile factories have successfully resumed work and production after the spring […]

Dyes & Chemicals

BASF’s Sustainable Polyamides For Textiles Now RCS Certified

Textile Insights April 25, 2024

BASF’s sustainable polyamide PA6 and PA6.6 product range, Ultramid Ccycled is now also certified as Recycled Claim Standard (RCS) for textile applications. “This label enables manufacturers to market certified textiles that have been produced using recycled raw materials,” the German company said in a press release. The production of Ultramid Ccycled is based on the

Apparel, Fashion, Retail

Dun & Bradstreet Q2 Business Optimism Index Higher By 4.2%

Textile Insights April 25, 2024

The Dun & Bradstreet Composite Business Optimism Index stands at 75.9 percent for the second quarter of 2024, 4.2 percent higher compared to first quarter of 2024 for India. Four out of six optimism indices have shown improvement with optimism for net profits at an eight-quarter high. The Index which has been measuring the changing […]

Policies

European Parliament Approves Ban On Forced Labour Products

Textile Insights April 25, 2024

The European Parliament has given its approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour. “Member state authorities and the European Commission will be able to investigate suspicious goods, supply chains, and manufacturers,” a press release informed. If a product is deemed to […]