News - Textile Insights

Sivaramakrishnan Ganapathi, Vice Chairman & MD of Gokaldas Exports

Financial Results

Gokaldas Exports Reports Strong Q4, Announces Acquisitions

May 27, 2024

Gokaldas Exports Ltd, a leading garment manufacturer, has announced its financial results for Q4 FY24, showcasing significant growth and strategic expansions aimed at bolstering its market position. For the quarter ending March 31, 2024, Gokaldas Exports reported consolidated revenue of ₹ 818.0

Corporates

Speciality Lubricants Maker Klüber Expanding Indian Production

Textile Insights May 27, 2024

Speciality lubricants manufacturer Klüber Lubrication is expanding its production facility in Mysore, which will be fully operational by the beginning of 2027. “Klüber India’s manufacturing plant in Mysore is spread over 17,000 sq. meters at present and produces world-class specialty lubricants,” the company said in a press release. The company had recently announced an

Export

Uzbek Textile & Apparel Exports Cross $1bn Mark In Jan-April

Textile Insights May 27, 2024

In the first four months of the ongoing year, textile and apparel exports crossed the US $1 billion mark and increased 1.4 percent over the same period of previous year. Of total textile and garment exports, yarn accounted for 46.8 percent, while finished textile products accounted for 37.3 percent with 495 types of textile and […]

Export

Vietnamese Imports Of Cotton, Yarn & Fabrics Up In April

Textile Insights May 27, 2024

In April, Vietnamese imports of cotton, yarn and fabrics recorded an increase, which indicates a revival of the textile and garment sector in the country. “Vietnam imported 132,900 tons of cotton in April 2024, a growth of 7 percent over the same month of previous year,” statistics of Vietnamese Customs informed. The major countries from […]

Cotton

Aussie Cotton Now Has Dashboard To Ensure Transparency

Textile Insights May 27, 2024

In what is believed to be a world first for a cotton producing country, Cotton Australia has launched a data dashboard to transparently report Australian cotton information across a range of metrics including production, yield, quality, and social and environmental sustainability. Using a combination of Australian cotton industry research and survey data, government and

Export

EU Market To Prohibit Import Or Sale Of Forced Labour Goods

Textile Insights May 27, 2024

The European Parliament has given its final approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour. Member state authorities and the European Commission will be able to investigate suspicious goods, supply chains, and manufacturers. If a product is deemed to have been made […]

Fibre

Hyosung TNC Expanding Production Of Spandex For Diapers

Textile Insights May 27, 2024

Hyosung TNC has plans to expand production facilities of spandex for diapers, including polymerisation processes, at its spandex plants in India and Turkey by February 2025. The investment aims to increase supply stability for the rapidly growing demand for diaper spandex in India’s domestic market and in global markets such as Europe, the Middle East, […]

Sustainability

Birla Cellulose And Ka-sha Launch Sustainable Products Brand “RoZz”

May 27, 2024

In today’s rapidly evolving landscape, the call for sustainability echoes loudly across industries. Among those grappling with significant sustainability challenges, the textile sector stands out for its impact on the environment and communities. Birla Cellulose emerges as a leader in this situation, pioneering innovative solutions for a sustainable future. With a

Corporates

Bodal Chemicals Announces Permanent Closure Of Several Manufacturing Units

May 26, 2024

Bodal Chemicals has announced the permanent cessation of production activities at its manufacturing facilities in Unit-1, Unit-3, and Unit-4 located at Vatva GIDC, Ahmedabad. These units, which have been producing dye intermediates and dyestuffs, were constructed between 1989 and 1993. Due to technological advancements, these older plants have become economically unviable

Financial Results

Grasim Industries Achieves Highest-Ever Revenue And EBITDA In FY24

May 26, 2024

Grasim Industries Ltd has reported its highest-ever consolidated revenue of Rs 1,30,978 crore for the financial year ending March 31, 2024, marking an 11% year-on-year increase. This achievement is attributed to the robust performance across its diversified business portfolio, particularly in building materials and financial services. The company’s consolidated

Gokaldas Exports Reports Strong Q4, Announces Acquisitions

Speciality Lubricants Maker Klüber Expanding Indian Production

Uzbek Textile & Apparel Exports Cross $1bn Mark In Jan-April

Vietnamese Imports Of Cotton, Yarn & Fabrics Up In April

Aussie Cotton Now Has Dashboard To Ensure Transparency

EU Market To Prohibit Import Or Sale Of Forced Labour Goods

Hyosung TNC Expanding Production Of Spandex For Diapers

Birla Cellulose And Ka-sha Launch Sustainable Products Brand “RoZz”

Bodal Chemicals Announces Permanent Closure Of Several Manufacturing Units

Grasim Industries Achieves Highest-Ever Revenue And EBITDA In FY24

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