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

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

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 […]

Industry

Sewing & Embroidery Thread Maker Amann Starts India Plant

Textile Insights April 24, 2024

Amann has opened its first Indian production plant in Ranipet, Tamil Nadu which will produce sewing and embroidery threads of the highest quality for the leather and apparel industry. “It is our most sustainable production site equipped with state-of-the-art technology to protect the environment,” the German headquartered company said in a press release. “We are […]

Industry

Radicigroup Unveils Physical & Digital Nylon Traceability Platform

Textile Insights April 24, 2024

RadiciGroup has launched its first physical and digital nylon traceability project and as its first application has introduced a gilet made from the yarn manufactured in one of its industrial sites. “The QR code on the garment can reveal its origin and display information about its production process,” the manufacturer of Nylon 6.6 fibre said […]

Industry

Meijer Donates US$ 250,000 To Detroit-Based Industrial Sewing And Innovation Center

April 21, 2024

Meijer has announced a donation of $250,000 to the Industrial Sewing and Innovation Center (ISAIC), a Detroit-based national non-profit organization. ISAIC focuses on training the next generation of textile and apparel manufacturing industry talent through an innovative curriculum that blends technical skills, soft skills and digital literacy. Established in 2020, ISAIC

Industry

BTRA Presenting Latest Research Findings At Techtextil

Textile Insights April 20, 2024

The Bombay Textile Research Association (BTRA), a pioneering institution in textile research and development is participating at Techtextil 2024 being held in Germany. Visitors to BTRA’s booth can expect to learn about the latest research findings, technological advancements, and innovative solutions developed by the association. “With a rich history of pioneering research

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 […]

Industry

Uzbek Textile Production Climbs 4.2 Times In Seven Years

Textile Insights April 17, 2024

Over the past seven years, Uzbekistan’s textile production has climbed 4.2 times, while exports of textile and apparel reached US $3.1 billion in 2023. In 2023, textile and clothing products worth $8.2 billion were manufactured in the country, which translates into a hike of 4.2 times from seven years ago. This has been made possible […]

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.