News - Textile Insights

Financial Results

Filatex India Announces Q4FY24 & FY24 Audited Results

May 5, 2024

Filatex India Ltd, a leading manufacturer of synthetic filament yarns, reported its audited results for Q4FY24 & FY24 on April 30, 2024. Filatex reported revenue of Rs 1,026 crore in Q4FY24 (Rs 1,083 cr in Q3FY24), EBITDA of Rs 64.6 cr (vs. Rs 74.7 cr), Profit Before Tax of Rs 47.2 cr (vs.

Financial Results

Raymond Achieves Record Annual Revenue, Posts Highest-Ever EBITDA

May 5, 2024

Raymond Ltd announced its audited financial results for the year ended March 31, 2024, achieving its highest-ever annual revenue of Rs 9,286 cr and EBITDA of Rs 1,575 cr, with an EBITDA margin of 17.0%. Despite challenges in the lifestyle business, Raymond maintained double-digit revenue growth of 11% in FY24 compared to the previous year, […]

Corporates

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

May 5, 2024

Suominen is bolstering its capabilities in sustainable products by upgrading and enhancing one of its production lines in Bethune, South Carolina, USA. This strategic investment aligns with Suominen’s vision to lead in nonwovens innovation and sustainability. “This investment reinforces our position as the foremost provider of sustainable nonwovens in the Americas market,

Corporates

Garment Mantra Lifestyle Expands Business Operations To North East India

May 5, 2024

Garment Mantra Lifestyle Ltd has announced its expansion into the North East region of India, targeting key distribution points in Siluguri, Gauhati and Tinasukiya. Through strategic tie-ups and collaboration with distributors in these regions, Garment Mantra aims to provide direct market intelligence to enhance product placement and cater to the needs of retailers

Corporates

FENC Leads In Sustainable Polyester Industry Expansion

May 5, 2024

Far Eastern New Century (FENC) is leading the global sustainable recycled polyester industry. With the world’s largest production of food-grade recycled polyester, FENC oversees a seamlessly integrated production and sales system spanning from recycled feedstock to end product applications. Through its vast recycling capacity, FENC recycles over 22 billion

Dyes & Chemicals

Schützen Chemical Group Named Among Top 15 Finalists In AIM Startup Pitch Competition

May 5, 2024

Schützen Chemical Group has secured its position as one of the top 15 finalists in the prestigious AIM Startup Pitch Competition. The event, slated to take place in Abu Dhabi from May 7 to 9, 2024, promises to be a global stage where innovation and ingenuity converge. Schützen Chemical Group stands at the forefront of […]

Apparel, Fashion, Retail

Mango To Expand Presence In UK With 20 New Store Openings In 2024

May 5, 2024

Mango, a leading European fashion group, is set to expand its footprint in the UK with over 20 new store openings planned for 2024. The expansion will focus on increasing presence in London, Scotland and branching into Northern Ireland, central and southern England. Daniel López, Mango’s Director of Expansion and Franchising, highlights the UK as […]

Machinery

VDMA Honours Successful Young Engineers With Top Achievements

Textile Insights May 4, 2024

Chairman of the Walter Reiners Foundation of the VDMA, Peter Dornier, presented awards to six successful young engineers at the recently concluded Techtextil. Promotion and sustainability prizes were awarded in the categories bachelor or project theses and diploma or master theses. “Academic theses in which, for example, solutions for resource-saving products and

Machinery

Asteks Showing Integrated & Automation Solutions At ITM 2024

Textile Insights May 4, 2024

Asteks will attract attention at ITM 2024 exhibition with its automation and integration-oriented innovations and rich product portfolio in Hall 7, Booth B-705. Visitors to the Astek booth at ITM 2024 will be able to see the multifunctional 401-SF&M cots grinding machine and the UV-305 UV treatment machine. “These two integrate with each other, while […]

Cotton

Welspun Promotes Sustainable Cotton Farming With Wel-Krishi

Textile Insights May 4, 2024

Home textiles manufacturer and exporter Welspun Living Limited (WLL) has launched Wel-Krishi to encourage sustainable cotton cultivation. This will done by providing support and training to farmers to raise their income through higher productivity and lower income costs. Wel-Krishi focuses on education and sustainable practices in key cotton-growing states like Gujarat,

Filatex India Announces Q4FY24 & FY24 Audited Results

Raymond Achieves Record Annual Revenue, Posts Highest-Ever EBITDA

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

Garment Mantra Lifestyle Expands Business Operations To North East India

FENC Leads In Sustainable Polyester Industry Expansion

Schützen Chemical Group Named Among Top 15 Finalists In AIM Startup Pitch Competition

Mango To Expand Presence In UK With 20 New Store Openings In 2024

VDMA Honours Successful Young Engineers With Top Achievements

Asteks Showing Integrated & Automation Solutions At ITM 2024

Welspun Promotes Sustainable Cotton Farming With Wel-Krishi

Join Us

Popular Posts

Indian Textile Industry Trends For 2024 & Beyond

Alok Industries Expands Global Footprint In Home Textiles & Apparel

Gujarat’s New Textile Policy: 30% Capital Subsidy Sparks Growth

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

news letter

Recent News

Sutlej Appoints Narinder Thapa As CBO – Protech Business

KAZO Elevates SS’26 With Recycled Fabrics And Sculpted Silhouettes

Sutlej Deploys Digital Product Passports To Power Sustainability

Trending News

Indian Textile Industry Trends For 2024 & Beyond

Alok Industries Expands Global Footprint In Home Textiles & Apparel

Gujarat’s New Textile Policy: 30% Capital Subsidy Sparks Growth

Categories

Contact Address

Trending

Join Us

Popular Posts

Tags

news letter

Get Updates

Recent News

Trending News

Categories

Contact Address