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

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.

Industry

China Commissions World’s Largest Single Location PTA Plant

Textile Insights April 12, 2024

China’s Sinopec Yizheng Chemical Fiber Company has commissioned the largest purified terephthalic acid (PTA) single location plant in the world. PTA is primarily used as a raw material for producing polyester staple fibre (PSF) With a production capacity of 3 million tons per year, the single site project will effectively drive and develop the downstream […]

Industry

Bangladesh Announces New Minimum Wage For Textile Workers

Textile Insights April 9, 2024

The Bangladesh government has announced Taka 10,001 or US $91.06 as the gross monthly minimum wage for textile workers. The earlier gross monthly minimum wage set in 2018 was Taka 5,710 or $51.99. The labour ministry announced new minimum wages for different grades through a gazette notification and the newly announced wages for the textile […]

Industry

UNIDO Launches Project In Tirupur To Eliminate Hazardous Chemicals

April 8, 2024

Stakeholders from the textile and apparel industry convened in Tirupur for a crucial consultation aimed at addressing the pervasive use of hazardous chemicals in India’s textile supply chain. Organized by the Tirupur Exporter Association and Dyers Association of Tirupur, this stakeholder consultation is part of a new program initiated by the Global Environment

Industry

Write the World And Patagonia Partner To Host Teen Environmental Writing Competition

April 7, 2024

Write the World and Patagonia have teamed up to launch an environmental writing competition for teens worldwide. The contest, running until Earth Day on April 22, 2024, invites young writers to share their experiences and activism against the climate crisis in their communities. David Weinstein, Founder & CEO of Write the World, highlights the competition […]

Industry

Wazir Advisors Teams Up With Swedish School Of Textiles And IIT Delhi For White Paper On Textile Recycling

April 7, 2024

Wazir Advisors, The Swedish School of Textiles – University of Borås, and Indian Institute of Technology, Delhi, have forged strategic partnership for groundbreaking white paper on Indian textile recycling The strategic collaboration between Wazir Advisors, The Swedish School of Textiles – University of Borås, and Indian Institute of Technology, Delhi has

Industry

Signs Of Cautious Optimism In Textile Business Climate: ITMF

Textile Insights April 6, 2024

The latest International Textile Machinery Federation (ITMF) global textile industry survey conducted in March 2024 reveals a textile business climate with signs of cautious optimism amidst ongoing challenges. “Despite a slight recovery in the business environment from November 2023 to January 2024, the overall situation remained dire in March 2024, underscoring the

Industry

Indonesian Textile & Clothing Sector On Path To Recovery

Textile Insights April 5, 2024

The Indonesian Fiber and Filament Yarn Producers Association (APSyFI) assessed that the textile and apparel industry is on the path of a recovery trend, although it is not yet significant. APSyFI Chairman Redma Gita Wirawasta said that this has happened after the publication of a regulation which took effect from March 10 and which regulates […]