Industry

Organisations Must Balance Data Security And Privacy With Broader Objectives Of Business

February 13, 2024

As 2024 unfolds, organizational leaders, from the CEO down to the manager, have much on their plates. They are contending with diverse challenges to achieving sustained growth, navigating the impact and risks of emerging technology and attracting and retaining talent, to name just a few. For

Industry

Sun Chemical Addresses Global Freight Challenges Amid Red Sea Crisis

February 13, 2024

In response to the ongoing geopolitical instabilities affecting maritime transportation through the Suez Canal and Red Sea, Sun Chemical has announced the implementation of selected freight surcharges on a global scale. Since November, the region has experienced severe disruptions, impacting approximately 30% of the world’s container trade. Delays and rerouting

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]

Industry

Uzbekistan Opening School Of Textile Equipment Technologists

Textile Insights February 8, 2024

UzTextile, the Uzbekistan Textile and Garment Industry Association, has announced a collaboration with Germany to open a School of Textile Equipment Technologists. The agreement was signed during the Days of German Textile Technologies, which commenced on February 7 and this project is part of an initiative to transform the textile industry of Uzbekistan.. The German […]

Industry

Tiruppur Feels Heat Of Migrant Workers Shifting To Own States

Textile Insights February 6, 2024

The knitwear garment industry in Tiruppur is facing a shortage of workers as many North Indian labourers have left to work in their own or other nearby states. “Many workers in Tiruppur from Uttar Pradesh have returned to their home state and industry bodies such as the Tiruppur Exporters Association (TEA) are looking for ways […]

Industry

Net Profits Of Major Chinese Textile Firms Grows 7.2% In 2023

Textile Insights February 5, 2024

Net profits of major Chinese textile companies rose 7.2 percent year on year to Yuan 180.2 billion in the previous year. “The collective operating revenue of these textile enterprises amounted to Yuan 4.70 trillion in 2023, down 0.8 percent over 2022,” data of the Ministry of Industry and Information Technology informed. In the previous year, […]

Industry

HeroWear Exosuits Increase Workplace Productivity By 8%

February 4, 2024

HeroWear, a leading manufacturer specializing in soft, textile-based exoskeletons known as exosuits, released a new industry report demonstrating an 8% increase in productivity through the use of their technology. Conducted in collaboration with an international grocery retailer, the study also revealed a 30% reduction in work-related lower back discomfort and a 39%

Industry

Karur Textile Manufacturer Exporters’ Association Launches First Merchandiser Course

February 4, 2024

The Karur Textile Manufacturer Exporters’ Association (KTMEA) achieved another milestone in its dedicated service to the home textile industry with the inauguration of the first batch of the Merchandiser course. The momentous event took place at KTMEA’s Training Centre on February 1, 2024, with the President M. Nachimuthu leading the inauguration ceremony. The

Industry

CITI Welcomes 27.6% Hike In Textile Sector Budget Allocation

Textile Insights February 2, 2024

Confederation of Indian Textile Industry (CITI) welcomed the budget allocation for textiles which has increased by 27.6 percent, largely due to the allocation of Rs 600 crore for Cotton Corporation of India (CCI) towards cotton MSP operations. CITI Chairman Rakesh Mehra expressed hope that the cotton procurement will be as per revamped policies recommended by […]