Industry

Chinese Listed Textile Companies Achieve Good Growth In Q1

Textile Insights May 10, 2024

In the first quarter of this year, Chinese stock exchange listed textile manufacturing companies achieved a collective operating income of approximately Yuan 30.95 billion, up 9.8 percent year on year. Total net profit of these companies stood at Yuan 1.79 billion in the first three months of

Industry

Can We Add Value To Our Normal Job Activities?

May 10, 2024

Value addition wasn’t just about numbers—it was about passion, pride and the threads that bound us all, observes Murugan Santhanam “Why do you think value addition (VA) is important in a spinning mill?”, I recently asked the GM of a renowned spinning mill near Rajapalayam. He is a well-celebrated by textile technologists in our area […]

Industry

Domestic T&A Sector Set To Reverse Trend Amidst Gradual Demand Revival

May 10, 2024

It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]

Industry

Investment In Bangladesh Textile Industry Slows Down

Textile Insights May 8, 2024

The investment in the Bangladesh spinning and weaving industry has slowed down because of gas shortage and for volatile dollar markets over the last two years. Many of the spinning mills have been running their production at 50 percent capacity because of the gas crisis in the industrial sector. Last year, no new spinning or […]

Industry

South African Textile & Clothing Sector Creates 20,000 Jobs

Textile Insights May 6, 2024

More than 20 000 jobs have been created in the past five years since the clothing, textile, footwear and leather (CTFL) industry’s master plan was launched in South Africa. This was reported to the Minister of Trade, Industry and Competition Ebrahim Patel by stakeholders at a meeting in Cape Town on Thursday. Major retailers have […]

Industry

Chinese Consider Bangladesh As Ideal Investment Destination

Textile Insights May 6, 2024

Chinese investors are considering Bangladesh as an ideal investment destination and are also interested in shifting investments to Bangladesh while also making new investments. The Chinese investors informed this to a delegation of the Bangladesh Export Processing Zones Authority (BEPZA) which visited China recently and held a seminar. About 100 participants from various

Industry

$11mn Deal With US To Bolster Kenyan Textile & Apparel Sector

Textile Insights April 27, 2024

Kenya has signed an $11 million deal with the United States facilitated by USAID to boost its textile and apparel exports, Kenyan President William Ruto announced. According to the President, the investment would expand the country’s fashion industry, grow its apparel manufacturing base and introduce new vertical integration capabilities to the textile sector. “40,000

Industry

China Shows Interest in Setting up $300mn Egypt Textile City

Textile Insights April 26, 2024

A delegation made up of representatives from the Chinese textile and apparel industry has expressed interest in establishing a vertically integrated textile city in Egypt at an investment of US $300 million. This announcement came after a meeting between Chairman of the General Authority for Investment and Free Zones, Hossam Heiba, and Chairman of the […]

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 26, 2023, down by 8.42 percent […]

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