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Corporates

SP Apparels Signs Agreement To Acquire Assets Of Bannari Amman

Textile Insights February 7, 2024

SP Apparels Ltd. (SPAL) has signed a definitive agreement to acquire 100 percent stake of Young Brand Apparel along with an apparel unit in Palladam and land and buildings, all in Tamil Nadu for Rs 223 crore. SP Apparels will acquire all these assets from Bannari Amman Spinning Mills Limited

Financial Results

VF Corp Q3 Revenues Slip 16%. Plans Brand Portfolio Review

Textile Insights February 7, 2024

While announcing financial results for the third quarter ending December 30, 2023, VF Corporation said it will explore strategic review of its brand assets. The fashion retailer, which owns iconic brands like Vans, The North Face and Timberland reported a 16 percent year on year decline in revenue to $3.0 billion in the third quarter. […]

Machinery

ITMF Starts Application Process For Its 2024 Awards

Textile Insights February 7, 2024

The International Textile Machinery Federation (ITMF) has announced yet another edition of the ITMF Awards for 2024 and has started the application process which has a deadline of April 30, 2024. There are three different categories like the ITMF Sustainability & Innovation Award 2024, ITMF International Cooperation Award 2024 and ITMF Start-up Award 2024. The […]

Policies

UP’s Budget Allots Slew Of Provisions For Textile Industry

Textile Insights February 7, 2024

The Uttar Pradesh government has allotted Rs 400 crore for the Atal Bihari Vajpayee Powerloom Vidyut Flat Rate Yojana to boost prospects of the state’s powerloom sector in its recently announced budget. A Textile Park of around 1,000 acres near Lucknow and being set up under the PM Mega Integrated Textiles Region and Apparel (PM-MITRA) […]

Home Textiles

Welspun Living Expanding Home Textile Capacity In India & USA

Textile Insights February 7, 2024

Recognising the burgeoning demand for premium and stylish bath experiences, Welspun Living is investing Rs 326 crore in a state-of-the-art jacquard towel manufacturing facility at its Anjar plant. This brownfield expansion, slated for completion by November 1, 2024, will add a staggering 6,400 metric tons per annum (MTPA) to its existing towel capacity, reaching a […]

Cotton

AbTF Cotton Conference Will Be Held From March 11 In Mumbai

Textile Insights February 6, 2024

The Aid by Trade Foundation (AbTF) will organise the 2024 AbTF Cotton Conference from March 11-13 in Mumbai with a focus on innovative and digital ways to develop transparent and sustainable supply chains. Not for profit AbTF will bring together leading experts, researchers, and professionals from throughout the world to discuss current challenges, and their […]

Export

Chinese PFY exports climb 20.7% in 2023. Grow highest to India

Textile Insights February 6, 2024

Chinese exports of polyester filament yarn (PFY) climbed 684 kilo tons or 20.7 percent year on year to total 3,990 kilo tons in 2023. The proportion of 10 ten PFY exports destinations increased 2.4 percent on an annual basis to 74.4 percent in the previous year. “Exports of PFY to India increased the highest followed […]

Industry

Tiruppur Feels Heat Of Migrant Workers Shifting To Own States

Textile Insights February 6, 2024

The knitwear garment industry in Tiruppur is facing a shortage of workers as many North Indian labourers have left to work in their own or other nearby states. “Many workers in Tiruppur from Uttar Pradesh have returned to their home state and industry bodies such as the Tiruppur Exporters Association (TEA) are looking for ways […]

Software

Tajima & Coloreel Launching Advanced Embroidery Software

Textile Insights February 6, 2024

Tajima Software Solutions and Coloreel will launch a software that will be a significant advancement for personalisation of embroidery designs at Salon C!Print expo in Lyon which will be held February 6-8. Designed to cater to both in-store and online shopping experiences, the new software, Pulse ID allows users to customise their embroidery and offers […]

Machinery

Order Intake Has Begun Showing Recovery Signs: ITMF Report

Textile Insights February 6, 2024

The latest ITMF Global Textile Industry Survey (GTIS) conducted in January 2024 revealed that order intake began showing recovery signs, with notable increases across regions except East Asia, particularly in North & Central America and South America. The report informed that there has been a significant improvement in the business climate, signaling a potential

SP Apparels Signs Agreement To Acquire Assets Of Bannari Amman

VF Corp Q3 Revenues Slip 16%. Plans Brand Portfolio Review

ITMF Starts Application Process For Its 2024 Awards

UP’s Budget Allots Slew Of Provisions For Textile Industry

Welspun Living Expanding Home Textile Capacity In India & USA

AbTF Cotton Conference Will Be Held From March 11 In Mumbai

Chinese PFY exports climb 20.7% in 2023. Grow highest to India

Tiruppur Feels Heat Of Migrant Workers Shifting To Own States

Tajima & Coloreel Launching Advanced Embroidery Software

Order Intake Has Begun Showing Recovery Signs: ITMF Report

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