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Chinese Cotton Yarn Imports Up A Massive 90.2% In November

Textile Insights December 26, 2023

Chinese cotton yarn imports in November stood at 153,300 tons, a massive increase of 90.2 percent from a year ago month. Among imports of cotton yarn from various countries in November, those from Vietnam accounted for 45 percent, Pakistan 19 percent and India 13 percent. 71 percent of cotton

Sustainability

Sustainable Dyeing Machines Maker Alchemie Supports Fashion Act

Textile Insights December 25, 2023

Alchemie which has developed sustainable digital dyeing and finishing technologies said it stands behind the New York Fashion Act, which paves the way for a sustainable future in fashion. The Fashion Sustainability and Social Accountability Act (Fashion Act) would create, for the first time, a legally binding environmental and labour standard for the industry. Apparel […]

Export

TNG Textile Amid Few Vietnamese Firms To Hit 100% Export Target

Textile Insights December 25, 2023

Vietnamese textile and garment manufacturer, TNG Textile announced that it has crossed its revenue target for 2023 ahead of schedule and may be the only Vietnamese textile company to do so. The company which had set targeted revenue of VND 6,800 billion completed the target by mid-December, primarily due to bagging new buyers like Walmart, […]

Cotton

Chinese Cotton Production Decreases 6.1% In 2023

Textile Insights December 25, 2023

Chinese total cotton output stood at 5.61 million tons in 2023, down 362,000 tons or 6.1 percent compared with 2022, according to data of the National Bureau of Statistics (NBS). Cotton cultivated acreage amounted to 41.82 million acres in the ongoing year, a decline of 7.1 percent or 3.18 million acres over the earlier year. […]

Export

Rising MMF Fabric Imports Impacting Indian Textile Sector

Textile Insights December 25, 2023

Rising imports of manmade fibre (MMF) fabrics and at the same time higher domestic prices of these fibres has made the Indian textile industry uncompetitive. Various textile hubs of the country in Surat, Erode, Ludhiana, etc are fighting an insurmountable challenge of large scale dumping of MMF fabrics and are said to be operating at […]

Industry

Tirupur Dyers Share Concerns With Minister Darshana Jardosh

Textile Insights December 25, 2023

Office bearers of the Dyers Association of Tirupur met Darshana Jardosh, Minister of State for Textiles and submitted a letter sharing their concerns. The delegation from the Dyers Association of Tirupur included President P Gandhirajan, Treasurer BA Madeswaran, CEO BM Boopathi and Coordinator JV Sureshkumar. The delegation requested the Minister to implement a new

Industry

Textile City Being Set Up In Tamil Nadu’s Tiruvallur District

Textile Insights December 25, 2023

A Textile City will be set up on around 64 acres in Tamil Nadu’s Thirumazhisai in Tiruvallur district, which will be a one-stop destination for domestic and international buyers to purchase finished textile products. The Textile City project will be implemented by the Handlooms, Handicrafts and Textiles department of Tamil Nadu, whose Chief Minister MK […]

Industry

Ludhiana Textile Leaders Forge Collaborations With Government Officials

December 24, 2023

The Wool & Woollens Export Promotion Council (WWEPC) organized a roadshow for BHARAT TEX 2024 in Ludhiana, attended by over 175 textile exporters from Ludhiana, Amritsar and Panipat. The event received support from TEXPROCIL, AEPC and PDEXCIL and was graced by Rohit Kansal, Additional Secretary, Ministry of Textiles, alongside other prominent personalities from the

Corporates

Sonovia & Avco Chemicals Unite For Sustainable Indigo Revolution

December 24, 2023

Sonovia has partnered with Avco to revolutionize indigo dye production, pioneering eco-friendly solutions for the fashion industry. In a major stride towards sustainable textile solutions, Sonovia unveiled a transformative collaboration with Avco, a global leader in textile processing chemicals, aimed at revolutionizing indigo dye production. This strategic partnership,

Corporates

Renewcell Secures SEK 100 Million In Short-Term Financing

December 24, 2023

Renewcell AB has successfully addressed its short-term liquidity needs through strategic financial arrangements. The company secured two short-term loans totaling SEK 100 million from major shareholders, H&M Fashion AB and Girincubator AB, as well as existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp, and AB Svensk Exportkredit. Of the total

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