News - Textile Insights - Page 421

Corporates

Bulut Tekstil Adopts Saurer’s Autocoro 11 For Sustainable Spinning

April 28, 2024

In a dynamic move towards sustainable manufacturing, Bulut Tekstil, a pioneer in the textile industry since 1997, has set its sights on the latest innovations in spinning technology. A recent visit by Murat Günesli, the General Manager of Bulut Tekstil, and his wife to Saurer’s modern

Financial Results

Axita Cotton Ltd Achieves Record Revenue And Profit In FY 24

April 28, 2024

Axita Cotton Ltd has reached unprecedented heights with a staggering revenue of Rs 1104 crore and all-time high profit in the fiscal year 2023-2024, marking a remarkable 100.89% year-on-year increase from Rs 549.83 crore. This extraordinary achievement reflects Axita Cotton’s dedication to exceeding expectations and delivering exceptional value. Chairman Nitinbhai

Cotton

Better Cotton Responds To Allegations Regarding Cotton Production In Brazil

April 28, 2024

Better Cotton has addressed the findings of an independent audit regarding allegations concerning cotton production in Brazil’s Matopiba region, as well as outlined steps taken in response to these concerns. The allegations, initially raised by Earthsight, a non-profit organization, pertain to two companies managing farms in Bahia, Brazil. They include claims of illegal

Financial Results

Eastman Chemical Company Announces Strong Q1 2024 Financial Results

April 28, 2024

Eastman Chemical Company announced its financial results for the first quarter of 2024, demonstrating robust sequential growth in both sales volume/mix and earnings. This impressive performance was primarily propelled by a resurgence in demand for specialty products within its advanced materials and additives and functional products segments. The company also achieved

Cotton

Indian Cotton Exports Soar 137% Between October & March

Textile Insights April 27, 2024

India’s cotton exports during the October-March period of the 2023-24 season have soared significantly by 137 percent to 18 lakh bales as against just 7.59 lakh bales in the similar six-month period last season. This was informed by the Cotton Association of India (CAI) in its latest estimates report. India’s cotton exports for the 2022-23 […]

Industry

$11mn Deal With US To Bolster Kenyan Textile & Apparel Sector

Textile Insights April 27, 2024

Kenya has signed an $11 million deal with the United States facilitated by USAID to boost its textile and apparel exports, Kenyan President William Ruto announced. According to the President, the investment would expand the country’s fashion industry, grow its apparel manufacturing base and introduce new vertical integration capabilities to the textile sector. “40,000

Fibre

Lenzing Will Present Young Scientist Award At Dornbin GFC

Textile Insights April 27, 2024

Supplier of regenerated cellulose fibres, Lenzing will present the Lenzing Young Scientist Award at the Dornbin Global Fiber Congress (GFC) which will be held from September 11-13, 2024. The award will be given to bachelor and master students who are working on innovative solutions to resolve ecological challenges in the fibre and textile industry. “The […]

Fabric

RIL Organises R|Elan ‘Fabric Innovation Meet’ In Bhiwandi

Textile Insights April 27, 2024

Reliance Industries’ fabric brand, R|Elan recently hosted its ‘Fabric Innovation Meet’ in Bhiwandi, Maharashtra, which was attended by over 100 fabric manufacturers, designers, and trade dignitaries. The highlight of this collaboration was the unveiling of R|Elan fabric innovations, meticulously crafted to meet the dynamic needs of today’s consumers. “Featuring a

Economy

Visitor Numbers Increase 29% At Techtextil And Texprocess

Textile Insights April 27, 2024

The recently concluded Techtextil and Texprocess witnessed visits from 38,000 buyers from 102 countries, up 29 percent over the previous edition. The two exhibitions also saw participation of 1,700 exhibitors from 53 countries and the density of forward-looking textile solutions that are transforming the industry was particularly noticeable. “The top visitor nations were

Event

CITI Team Visits Techtextil To Promote Ties With Switzerland

Textile Insights April 27, 2024

A CEO delegation from the Confederation of Indian Textile Industry (CITI) visited Techtextil 2024 to promote business opportunities with Switzerland arising from the recently signed EFTA agreement. India had recently signed a Trade and Economic Partnership Agreement with the European Free Trade Association (EFTA) countries, which includes Iceland, Liechtenstein, Norway,

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