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Industry

TN Open-End Mills On Strike For Second Time in Four Months

Textile Insights November 6, 2023

For the second time in four months, Tamil Nadu open-end spinning mills will shutdown from November 7 to 30. Weavers in Tirupur and Coimbatore districts too have decided to go on strike from November 5. While speaking with the press, G. Arulmozhi, President of the Open-End Spinning Mills’

Technical Textile & Nonwoven

H1 Net Sales Drop 19% At Nonwoven Fabrics Producer Suominen

Textile Insights November 6, 2023

Net sales at nonwoven fabrics and roll goods manufacturer Suominen dropped 19 percent in the third quarter ended September 30, 2023 to €106.4 million as against €131.9 million in the year ago quarter. However, EBITDA improved slightly to €5.2 million in the quarter under review compared to €5.1 million in the comparable quarter. Cash flows […]

Export

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

Textile Insights November 6, 2023

The Apparel Export Promotion Council of India (AEPC) has set a target of achieving US $40 billion in garment exports by 2030 “To achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices,” AEPC Chairman Naren Goenka said. In a statement, Goenka said “We have […]

Financial Results

HP Cotton Textile Mill Posts Turnaround In H1FY’24 Net Profit

Textile Insights November 6, 2023

Manufacturer of cotton yarns and sewing threads, HP Cotton Textile Mills reported a turnaround in net profit by posting a profit in the first six months of fiscal 2024 ending September 2023. The Haryana based company recorded a net profit of Rs 4.41 crores between April and September 2023, as compared to a loss of […]

Corporates

Denge Kimya and Dyesol India: Leading The Way In Sustainable & Innovative Textile Chemicals

November 5, 2023

Denge Kimya hosted the “Innovative Chemicals Presentation” in Tiruppur on October 28, 2023, in collaboration with its partner, Dyesol Color Works. This event brought together key stakeholders from the industry, offering them the opportunity to explore Denge Kimya’s innovative products and gain a deeper understanding of the company. It proved to be a

Sivaramakrishnan Ganapathi, Vice Chairman & MD of Gokaldas Exports

Financial Results

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

November 5, 2023

Gokaldas Exports has released its financial results for the quarter ending on September 30. The company reported consolidated revenue of Rs 509 crore for the quarter, a decline from Rs 576.3 crore in the same quarter last year. Additionally, the consolidated profit before tax for this quarter was Rs 29.3 crore, down from Rs 49 […]

Financial Results

Andritz Posts Robust Q3 2023 Results With 11% Revenue Growth

November 5, 2023

Andritz, the international technology group, has reported strong financial results for the third quarter of 2023. Compared to Q3 2022, the company’s revenue increased by 11%, net income saw a 27% boost, and EBITA rose by 16%. However, the order intake was lower than the previous year due to the absence of large orders, but […]

Financial Results

Oerlikon Group Faces Headwinds In Sales & Margins For Q3 2023

November 5, 2023

Oerlikon Group recently released its Q3 2023 financial results, revealing headwinds in sales and margins due to challenging market conditions. During the third quarter, Oerlikon Group experienced a 25.8% drop in order intake to CHF 567 million, mainly attributed to a slump in demand in the polymer processing solutions segment. Sales also declined by 15.9% […]

Corporates

Heberlein Technology AG: Beginning Of A New Chapter

November 5, 2023

Heberlein AG, the world’s leading supplier of jets for synthetic yarns, has announced the successful sale of its business on October 31, 2023. The company will now operate under the name “Heberlein Technology AG” starting from November 1, 2023. The new joint ownership includes Heberlein’s dedicated management team, industry expert Daniel Lippuner,

Corporates

Om Tex Chem Rebrands As Om Tex Silicones, Unveils New Logo

November 5, 2023

Om Tex Silicones, formerly known as Om Tex Chem Pvt. Ltd., has announced the unveiling of its fresh corporate identity, complete with a new logo. This rebranding reflects the company’s enduring commitment to quality, sustainability and cutting-edge solutions. The new logo, adorned with harmonious shades of blue and green, serves as a symbol of Om […]

TN Open-End Mills On Strike For Second Time in Four Months

H1 Net Sales Drop 19% At Nonwoven Fabrics Producer Suominen

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

HP Cotton Textile Mill Posts Turnaround In H1FY’24 Net Profit

Denge Kimya and Dyesol India: Leading The Way In Sustainable & Innovative Textile Chemicals

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

Andritz Posts Robust Q3 2023 Results With 11% Revenue Growth

Oerlikon Group Faces Headwinds In Sales & Margins For Q3 2023

Heberlein Technology AG: Beginning Of A New Chapter

Om Tex Chem Rebrands As Om Tex Silicones, Unveils New Logo

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