News - Textile Insights - Page 424

Event

ITMA ASIA + CITME: A Success For VDMA Member Companies

December 11, 2023

Over 40 VDMA member companies showcased their innovative products at ITMA ASIA CITME in Shanghai. Dr. Janpeter Horn, Chairman of the VDMA Textile Machinery Association, expressed satisfaction with the event, noting that it exceeded expectations in terms of both visitor numbers and the quality

Corporates

Bannari Amman To Sell Textile Assets To SP Apparels

Textile Insights December 11, 2023

In a stock exchange filing, Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has expressed interest in buying a few of its textile assets. Bannari Amman will utilise the funds received from the sales of these assets to reduce its borrowings. However, the company has not disclosed the transaction value The […]

Apparel, Fashion, Retail

Goyal Confident Of Apparel Exports Reaching $40bn By 2030

Textile Insights December 11, 2023

Textiles Minister Piyush Goyal expressed confidence that India’s garment exports would reach the target of US $40 billion by 2030. “$40 billion target by 2030 is clearly achievable,” he added Goyal said the Indian government is taking steps to promote exports such as entering into free trade agreements and promoting brand India. Piyush Goyal was […]

Industry

Bangladesh Textile Industry Seeks Higher Limits Of LC’s

Textile Insights December 11, 2023

Textile mills in Bangladesh have urged the central bank of Bangladesh to raise the limit of letters of credit (LCs) so that they can import more raw materials. The Bangladesh Textile Mills Association (BTMA) sent a letter to Bangladesh Bank requesting for a hike in LC limit last week, in which the trade body also […]

Cotton

Better Cotton Supports UN’s ‘Uniting Sustainable Actions’

Textile Insights December 11, 2023

Better Cotton has pledged its support to the United Nations’ International Trade Centre’s (ITC) ‘Uniting Sustainable Actions’ initiative, which champions the work of small and medium sized enterprises (SMEs) in global supply chains. The initiative endeavours to highlight and reward the contributions of SMEs by collating and publicising their sustainability credentials on

Cotton

USDA Reduces 2023-24 Global Cotton Use In December Report

Textile Insights December 11, 2023

In the December forecast of the 2023-24 cotton season, the United States Department of Agriculture (USDA) has reduced global cotton consumption and higher ending stocks than previous month report. World consumption is expected to decrease by 1.6 million bales, mainly due to a decline of 1.0 million bales in China. Turkey’s consumption forecast is lowered […]

Export

US Imports Of Cotton Garments Decline At Higher Rate In Q3

Textile Insights December 11, 2023

In the months between July and September 2023, there was a decline in US imports of garments. However the drop in imports of cotton was higher than in manmade fibre apparels. In the third quarter of ongoing year, US clothing imports fell 16.46 percent as against same quarter of earlier year. However, the decrease in […]

Corporates

CCPL India Successfully Installs Canlar Mekatronik’s Smart Series In Tirupur

December 10, 2023

In a significant milestone for CCPL India, the first installation of Canlar Mekatronik Tech’s Smart Series has been completed in Tirupur, South India. The high-performance HT fabric dyeing machine is designed to minimize process costs while prioritizing environmental consciousness and maintaining top-tier quality. The innovative dyeing machine is capable of

Corporates

Andritz Sets Up New Textile Recycling Line In Italy

December 10, 2023

Andritz recently started up a new textile recycling line at Sfilacciatura Negro’s plant in Biella, Italy. Designed for processing post-consumer textile waste with automatic removal of hard parts, the tearing line supports the company’s expansion into new recycling segments. In view of the growing demand for sustainable fibres in the re-spinning and nonwoven industries,

Industry

VDMA: Young Engineers Honoured In Dresden Textile Conference

December 10, 2023

As part of the Aachen-Dresden-Denkendorf International Textile Conference in Dresden, the Chairman of the Walter Reiners Foundation of the VDMA, Peter D. Dornier, presented awards to four successful young engineers. Two promotion prizes and two sustainability prizes were awarded in the Bachelor and Diploma/Master categories. Academic works in which solutions for

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