News - Textile Insights - Page 419

Event

Coats Bags Five Awards At Just Style Excellence Awards 2023

December 16, 2023

Coats Group won three prestigious awards: The Investment Sustainability Award for its newly launched Madurai Sustainability Hub, The Environmental Sustainability Textile Award for its innovative, new Eco-B microfibre, and The M&A Award for the acquisition of footwear specialists Texon.

Corporates

Peter Schulz To Join As Interim CFO At Renewcell

December 16, 2023

Peter Schulz will join Renewcell in the role of interim Chief Financial Officer (CFO) from 1 January 2024. He comes from a role as CFO at Pacific Basin Shipping (publ.) in Hong Kong, a position he has held for the past six years. Peter Schulz has extensive experience as CFO from both listed and private […]

Corporates

Sutlej Textiles Appoints Rohit Arora As Executive President Of Birla Textile Mills

December 16, 2023

In a strategic move to bolster its leadership team, Sutlej Textiles And Industries Ltd has announced the appointment of Rohit Arora as Executive President of Birla Textile Mills (Unit I and II) with effect from December 11, 2023. Arora, a seasoned professional with over 24 years of extensive experience, brings a wealth of expertise in […]

Machinery

Stäubli Continues To Lead In Jacquard Technology For Indian Mills

December 15, 2023

The SITEX trade fair is scheduled to take place at the Surat International Exhibition and Convention Centre (SIECC) in Surat, India, from January 6 to 8, 2024. Following the success of last year’s edition, Stäubli is set to showcase its cutting-edge technology for efficient weaving. The company’s machinery range encompasses the entire spectrum of yarn […]

Industry

Study Group To Look Into Woes Of Maharashtra Weaving Sector

Textile Insights December 15, 2023

The Maharashtra government will set up of a study group to look into challenges faced by the state’s weaving sector and recommend changes to the state’s new textile policy. Textile Minister Chandrakant Patil made the announcement in the Maharashtra assembly while also adding that the government would issue a government resolution to set up the […]

Export

Chinese Textile & Apparel Exports Down By Just 1.69% In Nov

Textile Insights December 15, 2023

In the month of November 2023, exports of Chinese textile and clothing stood at US $23.665 billion, a marginal fall of 1.69 percent, data from Chinese Customs informed. Of this, exports of textiles totaled $11.120 billion, down by just 0.46 percent, while that of apparels reached $12.545 billion, a drop of 2.76 percent from a […]

Industry

IDH Safety Program Reaches One Million Garment Workers

Textile Insights December 15, 2023

IDH’s worker safety program for the garment industry, the Life and Building Safety (LABS) Initiative, has achieved a key milestone in improving safety of one million workers in India, Vietnam, Cambodia, and Indonesia. “This Initiative was introduced four years ago and has played a crucial role in enhancing workplace safety and promoting responsible industry practices […]

Export

Bangladesh Garment Exports To US Plunge 24.75% In Jan To Oct

Textile Insights December 15, 2023

In the first ten months of 2023, Bangladesh’s garment exports to the US totaled US $6.35 billion plunging by 24.75 percent year on year. In volume terms, apparel overseas shipments to the US between January and October dropped higher at 29.51 percent to 1.95 billion square metres from 2.41 billion square metres in the same […]

Financial Results

In First Nine Months Of 2023 Sales Climb 11.1% At Inditex

Textile Insights December 15, 2023

In the first nine months of 2023, sales at Inditex and owner of fashion brands like Zara and Pull&Bear climbed 11.1 percent to reach €25.6 billion, from satisfactory development in both stores and online. The Spanish fashion group added that sales were positive in all geographical areas and in all concepts and sales in constant […]

Machinery

Trützschler Card Clothing Celebrates 20th Anniversary

Textile Insights December 15, 2023

20 years back, Trützschler acquired the card clothing business of American textile machinery producer Hollingsworth located in Black Forest in Germany, and created Trützschler Card Clothing (TCC). Huge changes have happened since Trützschler entered the card clothing industry 20 years ago. Magnet systems for the flat top of the card are one very special milestone […]

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