News - Textile Insights

Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

July 2, 2024

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a

Trade & Market

New Direct Shipping Service Links India And South Carolina Ports

July 2, 2024

Ocean Network Express (ONE) has launched a new direct weekly shipping service, the West India North America (WIN) service, establishing a crucial link between India’s West Coast and South Carolina Ports. The inaugural arrival of the ONE Modern at the Wando Welch Terminal in the Port of Charleston marks the commencement of this service, according […]

Tete-A-Tete

‘EcoAxis Technology Strategy Is Architected Around Industry 4.0 Technologies’

July 1, 2024

With EcoAxis’ SuperAxisTM, manufacturers are now able to identify opportunities based on preventive, proactive, and predictive alerts, resulting in significant operational efficiency and savings, says Rakesh Vangara, Deputy General Manager- EcoAxis, A.T.E. Group. How does SuperAxisTM seamlessly integrate data acquisition, IoT communications, and Big Data analytics to

Apparel, Fashion, Retail

ZYOD Secures US$ 18 Mn In Series A Funding Led By RTP Global

June 30, 2024

ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured US$ 18 million in its Series A round of funding. This investment round was led by RTP Global and also saw participation from existing investors Lightspeed and Alteria Capital, as well as new investors Stride Ventures, Stride One and Trifecta […]

Corporates

Eton Systems Opens New HQ In Borås To Boost Automation

June 30, 2024

Eton Systems, part of TMAS, has moved to new premises in Borås to meet the rising demand for its automated fabric and part handling solutions. Founded in 1967, Eton Systems revolutionized production with its overhead unit production system (UPS), now enhancing productivity across industries through advanced software management. CEO Jerker Krabbe said, “Our new Borås […]

Corporates

Samsara Eco Raises AUD $100 Mn To Scale Enzymatic Recycling

June 30, 2024

Samsara Eco announced the successful completion of its latest funding round, raising AUD $100 million (USD $65 million). The funding round was led by global investment company Temasek and Australian deep tech investment fund Main Sequence, with participation from new and existing backers, including Wollemi Capital, Lululemon, Hitachi Ventures, Titanium Ventures (formerly

Financial Results

H&M Group Reports Strong Q2 Performance With 52% Increase In Profit

June 30, 2024

The H&M Group has reported a robust performance in the second quarter of 2024, with net sales increasing by 3% to SEK 59,605 million and gross profit rising by 11% to SEK 33,569 million. The company’s gross margin improved to 56.3% from 52.7% in the same period last year. Operating profit surged to SEK 7,098 […]

Cotton

Better Cotton Announces 2024 Member Award Winners

June 30, 2024

Better Cotton revealed the recipients of its 2024 Member Awards during a prestigious ceremony at the two-day Better Cotton Conference in Istanbul, Türkiye. Alan McClay, CEO of Better Cotton, and Eva Benavidez Clayton, Senior Director of Membership and Supply Chain, presented awards recognizing outstanding contributions to the cotton industry. In the 2021-2022 season,

Event

ITMF & IAF Convention 2024 To Be Held In Samarkand, Uzbekistan

June 30, 2024

The International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) are set to host their annual convention in Samarkand, Uzbekistan, from September 8th to 10th, 2024. This prestigious event promises a comprehensive programme that will highlight the latest developments shaping the textile-apparel industrial complex. Experts from across

Textile Print

X-Rite Receives Printing United Alliance 2024 Pinnacle Award For Autura Ink

June 30, 2024

X-Rite Inc., a global leader in colour science and technology, has announced that Autura Ink has been honoured with the Printing United Alliance 2024 Pinnacle Award for colour management and quality control. This prestigious accolade recognizes Autura Ink as a cloud-native solution that revolutionizes ink development by centralizing formulation, storage, approval,

Bangladesh: An Ideal Investment Destination for Chinese Investors

New Direct Shipping Service Links India And South Carolina Ports

‘EcoAxis Technology Strategy Is Architected Around Industry 4.0 Technologies’

ZYOD Secures US$ 18 Mn In Series A Funding Led By RTP Global

Eton Systems Opens New HQ In Borås To Boost Automation

Samsara Eco Raises AUD $100 Mn To Scale Enzymatic Recycling

H&M Group Reports Strong Q2 Performance With 52% Increase In Profit

Better Cotton Announces 2024 Member Award Winners

ITMF & IAF Convention 2024 To Be Held In Samarkand, Uzbekistan

X-Rite Receives Printing United Alliance 2024 Pinnacle Award For Autura Ink

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