News - Textile Insights - Page 395

February 23, 2026

Financial Results

Page Industries Q2 Net Profit Drops 7.3% To Rs 150.27 Crore

November 19, 2023

Bengaluru-based apparel manufacturer, Page Industries Ltd (PIL), reported a 7.3% decline in its net profit, totaling Rs 150.27 crore in the second quarter ending September 2023. This dip is attributed to reduced sales volume and value, compared to the Rs 162.12 crore profit posted during the

Corporates

Monforts Fits Larger Montex 8500 In Restricted Space

November 19, 2023

Monforts engineering know-how were called upon to meet the complex and unusual specifications for a recent installation of a new Montex 8500 stenter line at Curt Bauer’s plant in Germany. Curt Bauer opted for the new Montex 8500 line with a working width of 3.2 metres equipped with the MonforClean heat recovery and exhaust air […]

Export

CITI: Indian Textile Exports Surge 24.29%, While Apparel Dips 8.08% In Oct. 2023

November 19, 2023

In a recent analysis by the Confederation of Indian Textile Industry (CITI), the October 2023 performance of Indian textile and apparel exports has showcased a tale of contrasting trajectories. Indian textiles exports witnessed a substantial growth of 24.29%, reaching US$ 1643.36 million in October 2023 compared to the same period last year. However, the apparel […]

Corporates

Fresh Leadership For Freudenberg Performance Materials In 2024

November 19, 2023

Freudenberg Performance Materials announces key appointments to its Management Board, effective January 1, 2024. Dr. Andreas Raps succeeds Dr. Frank Heislitz as CEO, while Marco Altherr steps in as CFO, succeeding Thomas Herr. The Management Board lineup from January 1, 2024, will include Dr. Andreas Raps (CEO), Marco Altherr (CFO) and John McNabb (CTO). Dr. […]

Machinery

Groz-Beckert Presenting Several Innovations At ITMA Asia

Textile Insights November 18, 2023

Groz-Beckert will be presenting highlights and innovations from its six product areas – Knitting, Weaving, Felting, Tufting, Carding and Sewing at ITMA Asia in Hall 4, Stall C-06. The Knitting product area is showing novelties of its four product groups viz. Circular Knitting, Flat Knitting, Legwear and Warp Knitting. The Circular Knitting product group is […]

Industry

Global Garment Brands Moving Back Production Base To China

Textile Insights November 18, 2023

Under the influence of multiple factors such as trade frictions, rising labour costs and environmental pressures, clothing brands were trying to move their supply chains out of China in order to reduce their dependence on Chinese factories. “But as the macro environment continues to weaken and consumer behaviour is cooling down, global apparel brands and […]

Trade & Market

Peru Launches Investigation Of Chinese Fabric Imports

Textile Insights November 18, 2023

The South American country of Peru has initiated an investigation into import of 100 percent polyester fabrics from China. A Peruvian textile company Tecnologa Textil S.A, requested the government to launch an anti-circumvention investigation into 100 percent polyester fabrics originating from China. The purpose is to examine whether the products originating in China were

Export

Vietnam’s Textile & Apparel Exports Down 5.04% In October

Textile Insights November 18, 2023

Vietnam’s textile and apparel exports totaled US $2.566 billion in October 2023, down 5.04 percent year on year and a marginal 0.06 percent month-on-month. In the first ten months of the current year, Vietnamese textile and garment exports reached $27.67 billion, a year-on-year decline of 12.9 percent. In October, yarn exports were 162,700 tons, an […]

Export

Pakistan Textile Exports Bounce Back In October

Textile Insights November 18, 2023

Pakistan textile exports bounced back in October and showed year on year growth for the first time in the current year. “Exports of textile totaled US $1.43 billion, compared to $1.36 billion registered in the same month of earlier year recording a growth of 5 percent,” Pakistan Bureau of Statistics informed. However, in the first […]

Industry

Tamil Nadu Will Unveil Revised Textile Policy Soon

Textile Insights November 18, 2023

The Tamil Nadu government will soon announce a revised textile policy soon with an objective to make the state a leader in textiles. This was informed by R Gandhi, Minister for Handlooms and Textiles, Tamil Nadu in Coimbatore. Gandhi was speaking at the inaugural session of the second edition of the Conference on Technical Textiles, […]

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