News - Textile Insights - Page 418

Financial Results

Aditya Birla Fashion & Retail Slips In To Q3FY’24 Loss

Textile Insights February 16, 2024

Aditya Birla Fashion & Retail Ltd (ABFRL), India’s major apparel retailer slipped in to a loss at Rs 77.87 crore in the third quarter of fiscal quarter ended December 31, 2023 Incidentally, the Aditya Birla Group company had reported net profit at Rs 15.79 crore in the third quarter of

Machinery

AxisValence Helps Neutralise Static Charge In Textile Machines

Textile Insights February 16, 2024

AxisValence, a business unit within the A.T.E. Group, primarily serves the print and packaging industry, but also plays a significant role in certain segments of the textile industry as well. AxisValence specialises in designing and manufacturing application-oriented products with an aim to enhance safety, quality, and productivity while minimising wastage. “In the textile

Industry

SIMA Raises Awareness In Textile Sector On ‘Competition Law’

Textile Insights February 15, 2024

SIMA conducted an awareness programme titled ‘Competition in Textile Market’ to enable textile manufacturers to understand the scope of the Competition Law to sustain competitiveness and achieve sustained growth. V. Sriraj, Joint Director (Law), Southern Regional Office, CCI addressed the participants on the role played by CCI at the awareness seminar, which was attended

Dyes & Chemicals

Archroma Launches End-To-End Solutions ‘Super Systems+’

Textile Insights February 15, 2024

Archroma has introduced Super Systems+, an end-to-end system, which combines fibre-specific processing solutions and intelligent effects to help positively impact economic and environmental sustainability. Archroma’s Super Systems+ suite encompass wet processing solutions that deliver measurable environmental impact like durable colours and functional effects that add

Industry

Hyosung Invited To Invest In Bangla MMF Fibres Textiles Sector

Textile Insights February 15, 2024

The President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan called upon Hyosung Corporation to invest in manmade fibre textiles sector. He made the call when a delegation of BGMEA led by him visited Hyosung Corporation in South Korea. In the meeting they discussed issues related mutual trade interests, especially the prospect of […]

Financial Results

Gross Margin Expands 480bps At Arvind Fashions In Q3FY’24

Textile Insights February 15, 2024

Gross margin expanded 480 basis points (bps) year over year to 53.3 percent at Arvind Fashions in the fiscal quarter ended December 31, 2023. According to an Arvind Fashions press release, this improvement was driven by a 2 percent retail like-to-like growth, enhanced execution in the retail channel, and a strategy of lower discounting. The […]

Financial Results

Q3FY’24 Revenues Jump 34.88% At Dyes Producer Vipul Organics

Textile Insights February 15, 2024

Manufacturer of dyes and pigments, Vipul Organics reported a 34.88 percent year on year jump in revenues which stood at Rs 3,761 lakhs in the third quarter ended December 31, 2023. However, net profit in the three months to December 31, 2023 soared 650.19 percent from a year ago quarter on a consolidated basis and […]

Cotton

Electric Robot Harvester Can Help Boost Cotton Yields By 20%

Textile Insights February 15, 2024

A new field robot named Afara and developed by a Turkish cotton farmer is fully electric, fully autonomous, and could help cotton yields jump between 5 and 20 percent. Afara’s inventor said that between 5 to 20 percent of cotton is left on the plants after the conventional self-propelled harvesters have left the field. Due […]

Export

Sri Lankan Exports Of Apparel Drop 18.81% In 2023

Textile Insights February 14, 2024

Sri Lankan exports of apparel in 2023 amounted to US $4,535 million, dropping by 18.81 percent compared to $5,591 million in 2022 Of this exports of knitted garment totaled $2,705 million in the previous year, down 20.13 percent as against $3,387 million in 2022 Woven clothing overseas shipments reached $1,735 million in the reporting year, […]

Industry

Ethiopia Gets $28mn From UNIDO To Promote Textile Sector

Textile Insights February 14, 2024

Ethiopia signed a US $28 million agreement with the United Nations Industrial Development Organization (UNIDO) to promote growth of the Ethiopian textile and apparel industry. The project will be financed in collaboration with the Global Environmental Facility (GEF) of which UNIDO’s share of the program is $3 million. Over the next five years, the Ethiopian […]

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