News - Textile Insights - Page 341

February 25, 2026

Textile Park

No Allocation For Kakatiya Mega Textile Park In Telangana Budget

Textile Insights February 13, 2024

In the budget presented for 2024-25, the Telangana government did not announce any allocation for the massive Kakatiya Mega Textile Park (KMTP) in the state. Touted as a fibre-to-fabric facility, the foundation stone of KMTP was laid seven years back, but is still to be operational and was

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Fibre

Birla Cellulose Shows Recycled Fabrics & Apparels At PV Paris

Textile Insights February 13, 2024

Textile recycling innovator SaXcell showed fabric and apparel samples at the Birla Cellulose stall, which is one of the world’s largest manufacturers of manmade cellulosic fibre at PV Paris exhibition. “This partnership underscores the successful partnership between SaXcell and Birla Cellulose in the production of recycled man-made cellulosic fibres,” a Birla Cellulose

Cotton

US Textile Mills Cotton Use In 2023-24 To Be Lower Than 1885

Textile Insights February 13, 2024

US textile mills will consume just 1.74 million bales in the 2023-24 marketing year that ends in July, the lowest since 1885, which is one year before the Statue of Liberty was installed. “The US textile mills consumption figure is nearly 15 percent lower than the earlier marketing and even lower than the forecast of […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]

Cotton

Australian Cotton Production Forecast To Reach 4.5mn Bales

Textile Insights February 12, 2024

Australian cotton production is expected to total 4.5 million bales in the 2023-24 season beginning in March, which is at the top of the previously estimated range. “The outlook for Australia’s cotton crop has improved following good rains across cotton growing regions, which prompted farmers to boost cotton acreage,” Cotton Australia, a trade body had […]

Export

Apparel Imports By United States Decreases 22.04% In 2023

Textile Insights February 12, 2024

Overall apparel imports by the United States dropped 22.04 percent to US $77.84 billion in 2023 compared to $99.86 billion in 2022. Data of the US Department of Commerce’s Office of Textiles and Apparel (Otexa) informed that clothing imports from China declined 10.83 percent year on year to $16.32 billion in the previous year. However, […]

Financial Results

Q3FY’24 Net Loss At Sutlej Textile & Industries Plunges Further

Textile Insights February 12, 2024

Net loss at Sutlej Textile & Industries plunged 93.82 percent to Rs 30.08 crores in the third fiscal quarter ending December 31, 2023 from a net loss of Rs 15.56 crores in the comparable quarter of earlier fiscal. However, drop in net loss in the three months to December 31, 2023 was slower at 49.44 […]

Fibre

New Regulation Threatens To Disrupt Indonesian PSF Production

Textile Insights February 12, 2024

A recent new Indonesian regulation on import of textile raw materials like Mono Ethylene Glycol (MEG) is threatening to disrupt production of polyester staple fibres (PSF). The new regulation has changed import controls from post-border to border, which has become a source of great concern for textile industry players. The Indonesian Filament and Thread Manufacturers […]

Export

Sri Lanka To Negotiate FTA With India By End Of 2024

Textile Insights February 12, 2024

Sri Lanka will negotiate a free trade agreement (FTA) with India by the end of 2024. Sri Lanka and India resumed talks on the Economic and Technology Cooperation Agreement in Colombo in October 2023. “Similarly, Sri Lanka will sign FTAs would be negotiated with Indonesia, Malaysia, Vietnam, and China too by the year’s end,” Sri […]

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