News - Textile Insights - Page 297

Corporates

Alchemie Wins Best CleanTech Dyeing Award

Textile Insights September 15, 2024

Alchemie Technology has been named the Best CleanTech Textile Dyeing Solutions Company at the SME Midlands Enterprise Awards 2024. This prestigious award recognizes Alchemie’s innovation and leadership in revolutionizing textile dyeing with sustainable, innovative solutions. The SME Midlands

Industry

GAFI To Boost Investment With AI-Driven Upgrades

Textile Insights September 15, 2024

Egypt’s General Authority for Investment and Free Zones (GAFI) announced a partnership with the Ministry of Communications and Information Technology to upgrade GAFI’s platform using AI technology. This upgrade will allow GAFI to analyze data from the 400,000 economic entities it oversees, aiming to craft both short-term and long-term strategies to enhance Egypt’s

Corporates

Shawmut Acquires Fairystone, Launches Shawmut Infinite

Textile Insights September 15, 2024

Shawmut LLC has announced the acquisition of long-time warp-knitting supplier Fairystone Fabrics through its newly formed affiliate, Shawmut Infinite. Operating out of Burlington, NC, Shawmut Infinite will serve as an independent supplier of contract knitting and warping services, maintaining Fairystone’s management team and workforce. This asset purchase will allow

Apparel, Fashion, Retail

Monte Carlo Partners With Salesforce To Enhance Customer Experience

Textile Insights September 13, 2024

Monte Carlo Fashions has entered into a strategic partnership with Salesforce to elevate its customer engagement initiatives across digital and physical platforms. This collaboration marks a significant step in Monte Carlo’s transformation from a winter-wear specialist to a year-round fashion brand, appealing to a broader audience while maintaining its iconic status in

Corporates

Arvind Invests Rs 48 Cr In Subsidiary ATPPL For Expansion

Textile Insights September 13, 2024

Arvind Limited has made a further investment of Rs 48 crore in its wholly owned subsidiary, Arvind Technical Products Private Limited (ATPPL), through a rights issue. This investment is aimed at meeting ATPPL’s long-term funding needs, working capital expenditure, and general corporate purposes. Arvind’s shareholding in ATPPL remains unchanged at 100% (including

Fibre

Polyester – The Magical Fiber

Textile Insights September 10, 2024

Polyester is the most ubiquitous fiber in textiles, serving as a staple in everything from couture to fast fashion, sportswear to high-tech garments, and bedding to home furnishings. Its unique properties make it suitable both as a standalone fiber and in blends with natural or other fibers. Globally, polyester is projected to grow at the […]

Corporates

Rieter: Alexander Özbahadir Takes Over After Sales

Textile Insights September 10, 2024

Rico Randegger, Head of the Business Group After Sales and member of the Group Executive Committee, will step down from his position on December 31, 2024. The Board of Directors of Rieter Holding Ltd. would like to take this opportunity to thank Rico Randegger for his many years of successful service and his significant contributions […]

Sustainability

Birla Cellulose Boosts Sustainability At Karur Meet, Unveils New Trials

Textile Insights September 10, 2024

Birla Cellulose, a leader in sustainable fiber solutions, reaffirmed its dedication to sustainability during the second edition of its hub-meet, held at The Residency in Karur on August 30, 2024. The event highlighted the transformative potential of sustainable Man-Made Cellulosic Fibers (MMCF) in the Home Textiles sector. Attended by 110 prominent exporters and business

Special Report

Lack Of Scale And Absence Of Right Product Mix Playing Spoilsport For Textile Industry

Textile Insights September 10, 2024

Bangladesh and Vietnam, among other countries, have in the past captured a large part of China’s declining share in the global ready-made garment (RMG) exports, while India failed to adequately capitalise on China’s losing share. Recent political upheavals and social unrest in Bangladesh which is the second largest exporter of RMG after China, once again brings to […]

Cotton

China And India Lead Global Cotton Production, But Market Faces Diverging Trends

Textile Insights September 10, 2024

The latest U.S. Department of Agriculture (USDA) cotton projections for the 2024/25 season (August–July) indicate an increase in global cotton ending stocks, expected to rise by 1.8 million bales (2.4 percent) from the previous year to 77.6 million bales. This growth in stocks is attributed to a production increase that outpaces the rise in mill […]

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