Corporates

Globe Textiles Eyeing Turnover Of Rs 520 Crore By 2027

Textile Insights April 16, 2024

NSE listed Globe Textiles India is setting up a plant to manufacture 600,000 apparel pieces per month and is also eyeing a turnover of Rs 520 crore in the next three years. With a Zero Liquid Discharge (ZLD) system and partly solar generation which minimises energy costs while using green

Fibre

Ecovadis Score Puts Teijin Aramid Among Top 5% Worldwide

Textile Insights April 16, 2024

For the eighth consecutive year, Teijin Aramid has been recognised for its sustainability efforts with an EcoVadis score that places the company in the top 5 percent of all companies in all industries globally The EcoVadis score also places the company in the top 3 percent of all manmade fibre producers worldwide. “Known for its […]

Corporates

Trident Group Celebrating Mission Day in Honour of Workforce

Textile Insights April 16, 2024

The Trident Group with a mission to fostering an inclusive and empowering workplace for its employees commemorated its foundational milestone, Mission Day on April 15 in Sanghera and on April 18 in Budhni. “Mission Day holds a special place in Trident’s calendar as it serves as a moment to recognise and appreciate the relentless dedication […]

Apparel, Fashion, Retail

International Woolmark Prize Opens Applications From April 16

Textile Insights April 16, 2024

The International Woolmark Prize, the world’s most prestigious award for rising fashion talent, is evolving to enhance its focus on nurturing talent to positively shape the future of fashion. Launched in 1953, the award program aims to empower emerging designers through education, financial investment, and industry support to harness the potential of wool within their […]

Apparel, Fashion, Retail

Levi Strauss Opens Largest Exclusive Store In Southeast Asia

Textile Insights April 16, 2024

Levi Strauss has renovated, expanded and reopened its Levi’s store at CentralWorld mall in Bangkok. At 364 sq. metres, the expanded store is now the largest Levi’s store in Southeast Asia. Nestled in the heart of Bangkok’s shopping mall district Chidlom, the Levi’s NextGen Indigo store will offer consumers an elevated shopping experience. The experience […]

Machinery

Stoll Diversifies CMS Family With 703 KI Knit And Wear

Textile Insights April 16, 2024

Stoll has further diversified the offering of its CMS family by launching the CMS 703 KI, which is a knit and wear model for the production of finished articles. The new model offers many benefits through the proven, innovative technology features from Stoll like highest productivity, and above all, the unmatched high flexibility of all […]

Cotton

Indian Cotton Rates Fall At Slower Pace Versus Global Prices

Textile Insights April 15, 2024

Global cotton prices fell in the last few weeks. Correspondingly, Indian cotton prices too dipped but albeit at a slower pace. The May cotton futures contract on ICE, which touched a high of 101.80 cents per pound on February 28 had eased to 83 cents per pound in the second week of April or down […]

Industry

ITAMMA Announces Appointment Of New Office Bearers For 2024-25

Textile Insights April 15, 2024

ITAMMA has announced appointment of new office bearers for 2024-25. These include Bhaveshkumar Patel as President, Omprakash Mantry as Vice-President and Manan Shah as Honorary Treasurer. Bhaveshkumar Patel is the founder of Ahmedabad based Om Corporation, which is a manufacturer, importer and exporter of textile weaving machinery spare parts and second hand machinery.

Policies

US Trade Representative Fully Backs American Textile Industry

Textile Insights April 15, 2024

The Office of the US Trade Representative (USTR) is solidly behind the American textile sector and is taking concrete steps to protect and bolster the industry. This was said by USTR Ambassador Katherine Tai while speaking at the annual general meeting of the National Council of Textile Organizations’ (NCTO). Tai while addressing textile industry representatives […]

Event

92% Of FESPA Visitors Seek To Invest In Next 12 Months

Textile Insights April 13, 2024

Firming up investment plans was high on the agenda of visitors in four co-located FESPA events held in March in Amsterdam, with 92 percent buyers looking to invest in equipment in the next 12 months. According to a FESPA press release, the collective median budget was over €2.7 billion. The FESPA organised Global Print Expo […]