News - Textile Insights

Corporates

Indorama Ventures Closes $500mn Syndicated Term Loan Facility

Textile Insights May 13, 2024

Thailand headquartered Indorama Ventures has successfully closed a US $500 million syndicated term loan facility, arranged by HSBC and Standard Chartered Bank. This loan is part of its program to refinance upcoming maturities totaling $1.1 billion, with a focus on generating ample liquidity,

Technical Textile & Nonwoven

India’s Technical Textiles Market Growing At 10% Per Annum

Textile Insights May 13, 2024

India’s technical textiles market has a huge potential backed by a significant growth rate of 10 percent and is also the fifth largest technical textiles market in the world. This was stated by Textiles Secretary Rachna Shah at a National Symposium on Advancements in Composites, Speciality Fibres and Chemicals held in New Delhi. The Symposium […]

Cotton

19% Of US Garment Samples Have Banned Xinjiang Cotton: Study

Textile Insights May 13, 2024

A recent study has revealed that traces of banned Chinese cotton were found in 19 percent of garment and other merchandise samples selling at US stores in the past year. The study highlighted challenges of complying with the US law aimed at blocking imports of cotton linked to forced labour in China. The study was […]

Economy

Bangladesh Has Potential To Become Asian Tiger: US Envoy

Textile Insights May 13, 2024

US Ambassador to Bangladesh Peter Haas has stressed the necessity for Bangladesh to take bold steps in order to prosper as a country, but also added that Bangladesh has potential to become an Asian Tiger. “In order to become prosperous, Bangladesh must then take bold steps to expand economic, political, and legal freedoms for its […]

Financial Results

TMAS Joins ITMF As Associate Member, Enhancing Global Textile Machinery Collaboration

May 12, 2024

The Swedish Textile Machinery Association (TMAS) has recently become an Associate Member of the International Textile Manufacturers Federation (ITMF), further expanding ITMF’s role as a premier international forum for the global textile manufacturing value chain. With ITMF already representing companies responsible for approximately 90% of global textile and apparel

Financial Results

Bombay Dyeing Records Net Profit Rs 2949 Crores

May 12, 2024

Bombay Dyeing has reported robust financial results for the quarter and fiscal year ended March 31, 2024. In Q4, consolidated sales reached Rs 381 crore, with a net profit of Rs 66 crore. For the entire fiscal year, consolidated revenue amounted to Rs 1,688 crore, while net profit stood at Rs 2,949 crore, inclusive of […]

Financial Results

Arvind Ltd Reports Strong Q4 FY24 Performance

May 12, 2024

Arvind Ltd has announced robust operational and financial performance in Q4 FY24, reflecting the success of its strategic initiatives amidst global challenges. The highlights include: Financial Performance (YoY): Overall revenues reached Rs 2075 cr, marking a solid 10% growth. Record EBITDA of Rs 243 cr, surge by 27%, with a margin increase to 11.7%. PAT […]

Financial Results

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

May 12, 2024

Century Textiles & Industries Ltd posted a 97 per cent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 per cent to Rs 1,542 crore, up from […]

Financial Results

Nitin Spinners Ends FY24 With Remarkable Achievements And Strength

May 12, 2024

Nitin Spinners, India’s leading manufacturer of cotton & blended yarn, knitted fabrics, greige and finished woven fabrics, concluded its fiscal year 2024 on a high note, reporting significant growth and strategic advancements. Under the leadership of Dinesh Nolkha, Managing Director, the company has demonstrated resilience, agility, and a commitment to excellence,

Product Launch & Innovation

Dilo Group Unveils Innovative Solutions For Nonwoven Industry At Techtextil 2024

May 12, 2024

At a recent in-house exhibition hosted in Eberbach, Germany, on the sidelines of Techtextil 2024, Dilo Group, a trailblazer in nonwoven fabric technology, unveiled a spectrum of cutting-edge solutions that underscore the company’s pivotal role as an innovator in the global nonwovens industry. This event not only served as a platform to showcase advanced technologies […]

Indorama Ventures Closes $500mn Syndicated Term Loan Facility

India’s Technical Textiles Market Growing At 10% Per Annum

19% Of US Garment Samples Have Banned Xinjiang Cotton: Study

Bangladesh Has Potential To Become Asian Tiger: US Envoy

TMAS Joins ITMF As Associate Member, Enhancing Global Textile Machinery Collaboration

Bombay Dyeing Records Net Profit Rs 2949 Crores

Arvind Ltd Reports Strong Q4 FY24 Performance

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

Nitin Spinners Ends FY24 With Remarkable Achievements And Strength

Dilo Group Unveils Innovative Solutions For Nonwoven Industry At Techtextil 2024

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