Industry

Mexico Raises Tariffs On Textile And Apparel Imports

Textile Insights December 30, 2024

On December 19, Mexico announced a significant tariff increase on textile and apparel imports, with rates of up to 35%. The new tariffs will take effect on December 20, 2024, and remain in place until April 23, 2026. The move aims to address unfair competition impacting Mexico’s textile and

Corporates Textile Print

RSWM Ltd Wins Silver At Financial Express Green Sarathi Awards

Textile Insights December 30, 2024

RSWM Limited, part of the LNJ Bhilwara Group, has won the Silver Award in the “Sustainable Fashion and Textile” category at the Financial Express Green Sarathi Awards. The award recognizes its initiative, “Redefining Sustainability – Mapping Initiatives for a Greener Tomorrow,” aimed at reducing environmental impact and fostering innovation.

Industry

Slight Capacity Growth and Lower Fiber Consumption

Textile Insights December 30, 2024

The International Textile Manufacturers Federation (ITMF) has released its International Textile Industry Statistics (ITIS) for 2023, covering productive capacity and raw materials consumption in the short-staple spinning mill sector across global textile-producing countries. The data was calculated using a new method and includes a review of past time series. In 2023, the

Corporates

Hengju Launches 30,000-Ton Spandex Project With Advanced Automation

Textile Insights December 30, 2024

Hengju’s 30,000-ton differentiated functional spandex project in collaboration with Hengshen Group has successfully entered the production phase, with qualified products now being produced. This marks a significant milestone in the chemical fiber sector. Hengshen Spandex is the only small and medium-sized enterprise in the spandex industry to expand production

Economy

IMF Grants US$ 645 Million To Support Bangladesh’s Economy

Textile Insights December 27, 2024

The International Monetary Fund (IMF) announced on December 26 that it will grant US$ 645 million to support Bangladesh’s economy, which is US$ 105 million less than the US$ 750 million requested by the government to address its current economic challenges. Of the total amount, US$ 426 million will be provided through the IMF’s Extended […]

Economy

Bangladesh Requests Policy Shift For Recyclable Plastics Imports

Textile Insights December 27, 2024

Bangladesh’s textile millers have urged the government to allow the import of recyclable plastics and provide adequate support for utilizing plastic flakes and polyester staple fibre (PSF) products, which are produced following proper procedures. Showkat Aziz Russell, president of the Bangladesh Textile Mills Association (BTMA), highlighted that these products could serve

Export

FIEO Plans To Boost Indian Exports To The US Amid Tariff Shifts

Textile Insights December 27, 2024

The Federation of Indian Export Organisations (FIEO) has outlined a strategic plan to enhance India’s exports to the United States, capitalizing on opportunities arising from potential tariff hikes on Chinese goods under the administration of US President-elect Donald Trump. Israr Ahmed, Vice President of FIEO, emphasized the need for financial support to enable

Export

Vietnam Poised To Surpass Bangladesh In Garment Exports

Textile Insights December 27, 2024

Vietnam’s garment exports are projected to reach US$ 44 billion in 2024, marking an 11% year-on-year growth and positioning the country to surpass Bangladesh as the world’s second-largest garment exporter, according to a Vietnamese media report. In comparison, Bangladesh has set a lower export target of US$ 40.48 billion for garments in FY 2024-25, representing

Event

Textile Leaders Unite For Sustainability At IIT Delhi

Textile Insights December 27, 2024

The North India Section of The Textile Institute (NISTI), in collaboration with the Department of Textile and Fibre Engineering, IIT Delhi, hosted the Conference on Sustainability in Textiles & Clothing on December 14, 2024, at IIT Delhi. This milestone event brought together policymakers, industry leaders, academicians, researchers, and students to explore innovative

Machinery

DTY Jet Insert APe043 Redefines Low Denier Yarn Processing

Textile Insights December 27, 2024

Record-small 0.65mm Orifice Unveiled at GTTES 2025 Heberlein Technology, a global leader in air interlacing and texturing jets, will showcase its latest innovations at GTTES 2025 in Mumbai, India. The key attractions include the HemaJet-LB06 housing generation and the DTY jet insert APe043, which boasts a record-small 0.65 mm orifice, ensuring superior performance in