Corporates

Yarn Producer Sanathan Textiles To Raise Rs 800 Crore Via IPO

Textile Insights April 20, 2024

Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the IPO is a combination of a fresh issue of equity shares aggregating up to

Sustainability

Cone Debuting Sustainable Technologies For Denim At Kingpins

Textile Insights April 19, 2024

Cone Denim will debut Colourizd sustainable alternative technology for denim at Kingpins Show Amsterdam, April 24-25. This technology, developed by Colourizd LLC, allows for a wide range of colours and textures while minimising processing steps, resulting in a more sustainable and efficient approach to textile colouration. “Cone Denim is excited to launch this unique

Fibre

Metsä & Andritz Cooperate On Pre-Study For Producing Kuura Fibre

Textile Insights April 19, 2024

Finland based Metsä Group is cooperating with international technology group Andritz to conduct a pre-study for the first possible commercial mill producing the Kuura textile fibre. “This new type of textile fibre, developed by Metsä Group’s innovation company Metsä Spring, is made from Finnish wood,” Andritz said in a press release. The primary objectives are […]

Export

Pakistani Textile & Garment Exports Grow Slower At 3.2% In March

Textile Insights April 19, 2024

After posting double digit growth in three previous consecutive months Pakistan’s textile and garment exports slipped into low single digit growth in March 2024 Exports of textiles and apparels grew by a paltry 3.29 percent to US $1.29 billion in March as against $1.25 billion in the same month of 2023, data from Pakistan Bureau […]

Machinery

James Heal Celebrates 25th Year With Two New Product Launches

Textile Insights April 19, 2024

To celebrate its 25th anniversary, UK-based textile testing solutions provider James Heal has launched two new instruments in its tensile and compression testing range, which includes the Titan 25 and upgraded the Titan 10. Having seen sustained growth in the market for personal protective equipment (PPE), like safety workwear and equipment, James Heal designed the […]

Industry

Operating Margin Of Cotton Yarn Spinners To Hike 150-200bps: CRISIL

Textile Insights April 19, 2024

After the turmoil in fiscal 2023-24, operating margins of Indian cotton yarn spinners will improve by 150-200 bps to 10.5-11 percent in fiscal 2024-25 after hitting decadal lows of 8.5-9 percent in previous fiscal. According to a CRISIL report, in fiscal 2023-24, profitability was affected by lower cotton yarn spreads and inventory losses. “This ongoing […]

Sustainability

Redress To Help Textile Businesses Comply With EPR Regulations

Textile Insights April 19, 2024

Reconomy, a global circular economy specialist, has launched a tech-enabled, international service to help businesses comply with textile Extended Producer Responsibility (EPR) regulations. The service called ReDress will help businesses understand and manage their global obligations under textile EPR laws, including timelines, financial impacts, and reporting

Product Launch & Innovation

Techtextil Innovation Award Picks Winners In Various Categories

Textile Insights April 18, 2024

The Techtextil Innovation Awards has picked winners across various categories, celebrating advances in textile industry, who have addressed key challenges in aviation, automotive, medicine, and construction. Belgian textile research institute Centexbel bagged the award in the ‘New Approaches on Sustainability & Circular Economy’ category under the Techtextil Innovation

Cotton

USDA Forecasts Aussie Cotton Crop At 5mn Bales In 2023-24

Textile Insights April 18, 2024

Australia’s cotton production in the current season is forecast to rise by 200,000 bales to reach 5 million bales in the 2024-2025 cotton season, the US Department of Agriculture (USDA) said in its report The Aussie cotton crops are likely to benefit from average rainfall during the southern hemisphere winter and spring and the area […]

Apparel, Fashion, Retail

Report Links Fashion Brands Zara & H&M To Brazil Deforestation

Textile Insights April 18, 2024

Fashion retail giants H&M and Zara have been linked to reported large-scale illegal deforestation and land-grabbing in Brazil. An investigation traced nearly one million tons of cotton from farms allegedly linked to 100,000 hectares of Cerrado wilderness, to clothing manufacturers that supply to the world’s largest fashion retailers. The Cerrado has the oldest forms of