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

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

Corporates

CEO Thomas Oetterli Elected As Chairman Of Rieter BoD

Textile Insights April 18, 2024

CEO Thomas Oetterli was elected as Chairman of the board of directors (BoD) of Rieter Holding at the 133rd annual general meeting of the Swiss textile machinery manufacturing company. Additionally, 312 shareholders who attended the meeting and who represent 68.7 percent of the share capital approved the proposal to distribute a dividend of CHF 3.00 […]

Cotton

Chinese Research On Cotton Crop Resistance To Adverse Climates

Textile Insights April 18, 2024

The Xinjiang Academy of Agricultural Sciences will invest Yuan 15 million to develop cotton crops, which will cope with adversities such as pests, high and low temperatures, droughts, etc. The academy will introduce biological technologies such as genetic engineering to develop and introduce excellent genes into cotton crops to improve their resistance to various

Dyes & Chemicals

Covestro Exhibiting Innovative Material Solutions At Techtextil

Textile Insights April 18, 2024

Polymer manufacturer Covestro is exhibiting a wide range of innovative material solutions for the textile industry at Techtextil 2024 in Frankfurt in Hall 11.0, Booth E76. Covestro teams are presenting a selection of highlights from its portfolio that can help textile manufacturers improve the productivity and sustainability of their operations and products. From more