News - Textile Insights - Page 388

Industry

Uzbekistan Opening School Of Textile Equipment Technologists

Textile Insights February 8, 2024

UzTextile, the Uzbekistan Textile and Garment Industry Association, has announced a collaboration with Germany to open a School of Textile Equipment Technologists. The agreement was signed during the Days of German Textile Technologies, which commenced on February 7 and this project is part of

Export

Bangladesh Apparel Exports Up 3.45% Between July & January

Textile Insights February 8, 2024

In the first seven months of fiscal ending June 30, 2024, Bangladeshi apparel exports rose 3.45 per cent from US $27.41 billion in the comparable period of previous fiscal to $28.36 billion. Among these, exports of knitwear were $16.17 billion between July and January, up 8.15 percent and woven garments were $12.18 billion, which declined […]

Corporates

Rieter Wins Major Chinese Draw Frame Patent Dispute

Textile Insights February 8, 2024

In a judgment, the Supreme People’s Court of the People’s Republic of China ruled in favor of Rieter in a legal dispute concerning infringement of a Rieter patent by a competitor’s draw frame. “Rieter protects its innovations with patents and registered designs and consistently takes action against infringements of its intellectual property,” the Swiss company […]

Financial Results

Welspun Living Revenue Up 19% Between April & December

Textile Insights February 8, 2024

In the first nine months of fiscal ending March 31, 2024, total revenue at home textiles producer and exporter Welpsun Living reached Rs 72,084 million, up an impressive 19.7 percent year on year. “The flagship brand, ‘Welspun,’ maintains its position as the most widely distributed home textile brand in India with a presence across 600 […]

Machinery

TeraSpin Adopts Lean Manufacturing on Spindle Insert Assembly Line

Textile Insights February 7, 2024

In October 2023, TeraSpin, a manufacturer of spinning drafting components inaugurated its lean manufacturing line, a spindle inserts assembly line, which completely follows principles of ‘Lean Manufacturing’. TeraSpin, a business unit of A.T.E Group is in to manufacturing of spinning drafting components like top arm, top roller and spindles and supply these components to

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 for which it was in […]

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 […]

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