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Corporates

Freudenberg Group Inaugurates Advanced Manufacturing Facilities In Morinda

Textile Insights November 10, 2024

Germany-based global technology conglomerate Freudenberg Group has officially inaugurated two state-of-the-art manufacturing facilities in Morinda, encompassing a total built-up area of 40,700 sq. metres. These facilities, operated by Freudenberg-NOK India Pvt. Ltd. (FNI) and Vibracoustic

Technical Textile & Nonwoven

Silk Thread Breakthrough Turns Clothing Into Power Generators

Textile Insights November 10, 2024

A research team led by Chalmers University of Technology in Sweden has developed a breakthrough silk thread coated with a conductive polymer, enabling textiles to generate electricity. This innovation opens up possibilities for clothing that can charge electronics or power health-monitoring devices. Thermoelectric textiles, like this silk thread, convert temperature

Special Report

Goma Suri – What Is It and Why We Should Avoid It?

Textile Insights November 9, 2024

“They are Goma suri!” whispered my Japanese friend into my ear, making a curious motion with his hands, like rotating his closed hand on the palm of the other hand. “What?” I couldn’t quite grasp what he meant. Though I knew some Japanese, it was just enough to get by in casual conversations. He mentioned […]

Corporates

Himatsingka Seide Limited Successfully Completes Rs. 400 Crore QIP

Textile Insights November 8, 2024

Himatsingka Seide Limited (HSL) has announced the successful completion of its Rs. 400 crore Qualified Institutional Placement (QIP). The funds raised will primarily be used to repay and reduce the company’s outstanding debt, bolstering HSL’s financial position and supporting its long-term growth strategy. The QIP saw significant interest from marquee investors and was

Financial Results

Page Industries Q2: Strong 11% Revenue, 30% PAT Gain

Textile Insights November 8, 2024

Page Industries Limited, India’s leading apparel manufacturer, has reported impressive financial results for Q2 and H1 FY25, driven by strategic operational efficiency and robust demand. For Q2 FY25, Page Industries achieved a revenue of Rs. 12,463 million, marking an 11% year-over-year growth, while PAT rose by a substantial 29.9% to Rs. 1,953 million. Key financial […]

Financial Results

Indo Count Reports Strong Q2, Unveils Strategic Transformation

Textile Insights November 8, 2024

Indo Count Industries Limited has reported its unaudited financial results for Q2 and H1 of FY25, ending September 30, 2024. The company, marking the launch of “Indo Count 2.0 – An Era of Transformation,” is embarking on a new phase focused on strategic expansion, diversification, and sustainability. Key Highlights of Indo Count 2.0 Core Business […]

Machinery

Summa Launches L1810 Gen 2.6 Laser Cutter For Precision Textile Cutting

Textile Insights November 7, 2024

Summa, a global leader in precision cutting technology, has unveiled the L1810 Gen 2.6 laser cutter, a cutting-edge textile solution built to elevate efficiency and performance. With high-volume, high-precision capabilities, this advanced laser cutter targets applications in sportswear, dye-sublimated garments, and other textile products. The L1810 Gen 2.6 introduces

Home Textiles

CRISIL Ratings: Home Textiles Industry To Grow 6-8% This Fiscal

Textile Insights November 7, 2024

India’s home textile industry is projected to achieve 6-8% growth this fiscal year following a 9-10% revenue rebound last fiscal. This growth will be driven by resilient demand from the US, the industry’s primary export market, and expansion in the domestic market, despite ongoing logistical challenges. A CRISIL Ratings analysis of 40 companies, representing

Textile Park

UP Govt To Set Up 11 Textile Parks, First In Shamli District

Textile Insights November 7, 2024

The Uttar Pradesh government has announced plans to establish 11 private textile parks across the state, starting with a park in Shamli district, which will see an investment of Rs 726 crore. This initiative aims to reduce dependence on raw materials from other states and China. Of the 11 proposed parks, six are planned for […]

Industry

Apindo Calls For Tax Incentives To Revive Indonesia’s Textile Industry

Textile Insights November 7, 2024

The Indonesian Employers’ Association (Apindo) has appealed to the government to reinstate the tax incentive for Income Tax Article 21 (PPh 21) borne by the government (DTP) to aid labour-intensive sectors, especially the struggling textile industry. This call comes in the light of the recent bankruptcy of PT Sri Rejeki Isman Tbk. (Sritex), a major […]

Freudenberg Group Inaugurates Advanced Manufacturing Facilities In Morinda

Silk Thread Breakthrough Turns Clothing Into Power Generators

Goma Suri – What Is It and Why We Should Avoid It?

Himatsingka Seide Limited Successfully Completes Rs. 400 Crore QIP

Page Industries Q2: Strong 11% Revenue, 30% PAT Gain

Indo Count Reports Strong Q2, Unveils Strategic Transformation

Summa Launches L1810 Gen 2.6 Laser Cutter For Precision Textile Cutting

CRISIL Ratings: Home Textiles Industry To Grow 6-8% This Fiscal

UP Govt To Set Up 11 Textile Parks, First In Shamli District

Apindo Calls For Tax Incentives To Revive Indonesia’s Textile Industry

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