News - Textile Insights - Page 361

Technical Textile & Nonwoven

Geotextile Market To Hit US$ 16.55 Billion By 2032

March 20, 2024

The Geotextile market is poised for substantial growth, with projections indicating an escalation from US$ 9 billion in 2022 to a staggering US$ 16.55 billion by 2032, reflecting a robust CAGR of 7% during the forecast period. This surge is primarily attributed to the escalating population

Financial Results

2023 Sales Remain Stable At Cellulose Fibre Producer Lenzing

Textile Insights March 20, 2024

Taking persistently low fibre prices into consideration, revenue at Lenzing remained comparatively stable at €2.52 billion in 2023 compared with €2.57 billion in 2022. “Very subdued demand on the one hand and the continued rise in raw material and energy costs on the other, exerted a strongly negative impact on the earnings,” the producer of […]

Fibre

SIMA Hails Exempting BIS Compliance For VSF Imports Under AAS

Textile Insights March 20, 2024

The Southern India Mills’ Association (SIMA) welcomed the Indian government’s decision in exempting BIS compliance for VSF imports under the Advance Authorisation Scheme (AAS). In a press release, SIMA Chairman Dr SK Sundararaman appreciated Minister of Textiles Piyush Goyal for permitting the import of BIS QCO mandated VSF under AAS. In addition, Dr SK Sundararaman […]

Fibre

Asahi Kasei & Lenzing Partner On Circular-Driven Textiles

Textile Insights March 20, 2024

Roica by Asahi Kasei, a pioneer in premium stretch yarns, and Tencel by Lenzing AG, a leader in wood-based cellulosic textile fibres have partnered to introduce a new concept of sustainable and circular-driven textiles. After extensive years of R&D Roica and Tencel together are now able to offer contemporary, responsible, quality, and performing fibres for […]

Machinery

Epson Collaborates On Raising Sustainable Fashion Awareness

Textile Insights March 20, 2024

Digital textile printer manufacturer Epson is collaborating with ASEAN Fashion Designers Showcase (AFDS) to raise awareness on sustainable fashion through innovative technology. As part of the collaboration, Epson partnered with seven designers from different ASEAN countries to create a unique collection with a sustainability theme that ties in with the cultural roots of

Machinery

Groz-Beckert Develops Innovative Slider Knitting Machine Needle

Textile Insights March 20, 2024

Groz-Beckert has developed an innovative slider needle for a new generation of machines in collaboration with Vanguard Pailung, a manufacturer of ultra-high-speed knitting machines. “Groz-Beckert offers interested machine builders various cooperation opportunities to jointly develop new products or improve existing ones,” the German company said in a press release.

Event

ITM 2024 Exhibition: Leading The Way In Sustainable Textile Production

March 20, 2024

ITM 2024 Exhibition is set to showcase the latest innovations in textile machinery, technologies, and digitalization solutions. Hosted by Tüyap Tüm Fuarcılık Yapım A.Ş. and Teknik Fuarcılık A.Ş., in collaboration with the Textile Machinery and Accessories Industrialists Association (TEMSAD), this event promises to be a melting pot of cutting-edge advancements and

Software

Vaibhav Mills Revamps Operations With A.T.E. Solutions

March 19, 2024

Established in 1990, Vaibhav Processing Mills Pvt. Ltd., located in Erode, Tamil Nadu, boasts a strong presence across the textile value chain, with a stellar reputation in dyeing and finishing. The company is also renowned as a reputable retailer of color pigments and various dyed fabrics, including sarees, towels, and lungis. Its board of directors […]

Apparel, Fashion, Retail

Reliance Retail’s Lee Cooper Enters Women’s Footwear Market

March 18, 2024

Lee Cooper, the iconic denim brand, hosted an exclusive “No Shoe Party” in Mumbai to announce the launch of its flagship women’s footwear collection. Lee Cooper, a Reliance Retail brand, announced its entry into the women’s footwear segment with a unique and immersive experience where attendees were encouraged to leave their shoes at the door […]

Export

US Apparel Imports Fall 16.53% To $6.04 Billion In January

Textile Insights March 18, 2024

US apparel imports fell 16.53 percent year on year to US $6.04 billion in January 2024. Of this, clothing imports from China dropped 2 percent and from Vietnam declined 5 percent. This was informed by statistics released by the Office of Textiles and Apparel (OTEXA) under the US Department of Commerce. It may be recalled […]

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