Operating margins of jute manufacturers are expected to shrink by approximately 50 basis points (bps) this fiscal due to wage hikes and subdued demand in the more profitable export markets. This marks the second consecutive year of declining profitability. Despite this, their credit profiles
The Khadi and Village Industries Commission (KVIC) has surpassed the Rs 1.5 lakh crore turnover mark for the first time in the 2024 financial year, marking a significant milestone in its history. KVIC’s chairman, Manoj Kumar, highlighted the achievement, noting a substantial increase from the Rs 1.34 lakh crore sales reported in FY2023. Over the […]
Sun Chemical has proudly announced two wins at the Flexographic Industry Association (FIA) Awards. The company received the “Technical Innovation of the Year” award for SunVisto AquaHeat inks, showcasing its commitment to innovation and sustainability in printing. These water-based flexographic inks are designed for industrial ovens, withstanding temperatures up to 220°C
Devan Chemicals BI-OME NTL MG technology has received the Allergy UK Seal of Approval, highlighting its effectiveness in protecting against dust mites. Allergy UK, a leading charity supporting individuals with allergies in the United Kingdom, granted this accreditation following rigorous independent testing. The technology has proven beneficial for those with allergic
Aditya Birla Fashion and Retail Limited (ABFRL) has increased its shareholding in Goodview Fashion (GFPL), which manufactures and sells ethnic couture under the brand ‘Tarun Tahiliani,’ from 33.50% to 51%. This was achieved through a secondary acquisition of a 17.5% equity stake from existing GFPL shareholders. As a result, GFPL transitioned from an associate to […]
The Karl Mayer Technical Textiles Business Unit has introduced the Max Glass Eco, a reliable and economical machine for producing standard reinforcement textiles from glass fibres, especially non-crimp fabrics for the wind power industry. This versatile newcomer, with optional functions, ensures short amortization times and high efficiency. Operating at a maximum speed of
Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and utilization (CCU para-xylene), will replace fossil materials in manufacturing
The Denimsandjeans Vietnam show, held on June 26-27, 2024, with the theme “Room To Roam,” was a tremendous success. Denim supply chain companies from over 10 countries showcased their world-class products, creating a dynamic and vibrant atmosphere for all participants. Special arrangements were made to provide visitors with a wide array of product choices, and […]
Canada is ramping up its initiatives to tackle plastic waste and pollution in the textile and apparel industry. Textiles are the fifth-largest category of plastic waste in Canadian landfills, prompting the government to prioritize keeping these materials in the economy and out of the environment. On July 4, Steven Guilbeault, Minister of Environment and Climate […]
The Vietnam Trade Office in Indonesia has issued a cautionary notice to Vietnamese businesses regarding potential trade sanctions, particularly targeting textiles and garments, amidst challenges faced by Indonesia’s textile industry. Indonesia has seen a decline in export orders and the closure of many textile factories, leading to significant job losses. Key sectors






















