News - Textile Insights

Financial Results

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

May 12, 2024

Century Textiles & Industries Ltd posted a 97 per cent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 per cent to Rs 1,542 crore, up from […]

Financial Results

Nitin Spinners Ends FY24 With Remarkable Achievements And Strength

May 12, 2024

Nitin Spinners, India’s leading manufacturer of cotton & blended yarn, knitted fabrics, greige and finished woven fabrics, concluded its fiscal year 2024 on a high note, reporting significant growth and strategic advancements. Under the leadership of Dinesh Nolkha, Managing Director, the company has demonstrated resilience, agility, and a commitment to excellence,

Product Launch & Innovation

Dilo Group Unveils Innovative Solutions For Nonwoven Industry At Techtextil 2024

May 12, 2024

At a recent in-house exhibition hosted in Eberbach, Germany, on the sidelines of Techtextil 2024, Dilo Group, a trailblazer in nonwoven fabric technology, unveiled a spectrum of cutting-edge solutions that underscore the company’s pivotal role as an innovator in the global nonwovens industry. This event not only served as a platform to showcase advanced technologies […]

Export

Chinese Textile & Apparel Exports Fall 3.12% In Jan To April

Textile Insights May 11, 2024

China’s textile and apparel exports amounted to US $23.934 billion in April 2024, a year-on-year decline of 3.12 percent, data from the Chinese Customs informed. Of which, exports of textiles stood at 12.190 billion in April, down 2.36 percent, while overseas shipments of garments amounted to $11.744 billion, a year-on-year fall of 3.90 percent. In […]

Event

TAI Delhi Organises 77th All India Textile Conference

Textile Insights May 11, 2024

The 77th All India Textile Conference organised by the Textile Association (India) – Delhi was held in March at IIT-Delhi under the theme of ‘Post-Pandemic on Global Vision of Textile Industry’. The conference was inaugurated by Chief Guest Madhu Sudhan Bhageria, Chairman of Filatex India, while Anil Jain, Chairman of Jain Cord Group of Industries […]

Export

US Apparel Imports Drop 7.14% In First Three Months Of 2024

Textile Insights May 11, 2024

“In the first three months of ongoing year, overall US apparel imports dropped 7.14 per cent, falling to US $18.07 billion from $19.46 billion in the same period of 2023,” data from OTEXA informed. In contrast, US imports of garments from Bangladesh declined higher at 17 percent to $1.75 billion in the first quarter of […]

Fibre

Lycra Makes Further Progress In Production Of Bio-Derived Spandex

Textile Insights May 11, 2024

Manufacturer of spandex fibres, The Lycra Company has made further progress in manufacturing of bio-derived Lycra fibre made with Qira. The company has signed a letter of intent with Dairen Chemical Corporation (DCC) to convert Qira, which is 1,4-butanediol (BDO) into low-impact PTMEG, the main ingredient in bio-derived Lycra fibre. “Dairen will be the first […]

Corporates

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Textile Insights May 11, 2024

Post a one-time restructuring, India’s leading garment manufacturer and exporter Orient Craft Limited, has become debt free. The restructuring was done post the Covid pandemic induced financial stress. The Sudhir Dhingra led company worked closely with a consortium of 11 banks to successfully monetise its marquee land and factory assets to pay-off a total debt […]

Corporates

Indorama Ventures ESG Performance Upgraded From ‘A’ To ‘AA’

Textile Insights May 11, 2024

MSCI has upgraded rating of Indorama Ventures from ‘A’ to ‘AA’ for its Environmental, Social, and Governance (ESG) performance towards achieving its ongoing sustainability goals and commitments. Morgan Stanley Capital International (MSCI), a leading provider of research-driven analytics ranked Indorama Ventures among the top 12 percent of 57 global companies in the

Cotton

Significant Gains In Environmental Performance Of Aussie Cotton

Textile Insights May 10, 2024

The results of a new comprehensive independent assessment of the environmental performance of Australia’s cotton industry have been released revealing significant gains, and areas for improvement. This latest assessment undertaken by GHD, a global professional services company focused on sustainability at the request of Cotton Australia and other stake holders. The

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

Nitin Spinners Ends FY24 With Remarkable Achievements And Strength

Dilo Group Unveils Innovative Solutions For Nonwoven Industry At Techtextil 2024

Chinese Textile & Apparel Exports Fall 3.12% In Jan To April

TAI Delhi Organises 77th All India Textile Conference

US Apparel Imports Drop 7.14% In First Three Months Of 2024

Lycra Makes Further Progress In Production Of Bio-Derived Spandex

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Indorama Ventures ESG Performance Upgraded From ‘A’ To ‘AA’

Significant Gains In Environmental Performance Of Aussie Cotton

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