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Export

China’s Polyester Exports Cross 10,000 Kilo Tons In 2023

Textile Insights February 3, 2024

China’s exports of polyester raw materials like PSF, PFY, PET fibre chip, PET bottle chip and BOPET have crossed the landmark of 10,000 kilo tons in any year for the first time in 2023. “Overall polyester overseas shipments touched 11,160 kilo tons in 2023, an increase of 13 percent or 1,280

Financial Results

Net Profit At Century Textiles Soars 855 Percent In Q3FY’24

Textile Insights February 3, 2024

Net profit at Century Textiles and Industries Ltd soared 855 percent to Rs 83.3 crore in the third quarter of the fiscal 2023-24, compared to Rs 8.72 crore in the corresponding quarter of the previous fiscal. The Aditya Birla Group’s company revenues in the three months to December 31, 2023 increased 8.8 percent to Rs […]

Export

2023 Chinese Cotton Yarn Imports From India Jump Four Times

Textile Insights February 3, 2024

Chinese cotton yarn import volumes from India jumped four times to 248,000 tons in 2023 as against 56,400 tons in 2022 and accounted for 16 percent of total cotton yarn imports. The total Chinese import volume of cotton yarn for 2023 totaled 1.55 million tons, growing by a massive 41.9 percent compared to 1.09 million […]

Technical Textile & Nonwoven

TN Govt May Buy Technical Textile Products From Local Sources

Textile Insights February 3, 2024

The Tamil Nadu government is likely to look at a procurement policy to buy its technical textile requirements from local industries. “The procurement policy is likely to be a part of the state’s textile policy,” Dharmendra Pratap Yadav, Secretary in the Department of Handlooms, Handicrafts, Textiles and Khadi, told the Hindu. Some of the technical […]

Sustainability

Indorama Ventures Awarded ‘Platinum Medal’ By Ecovadis

Textile Insights February 3, 2024

Indorama Ventures has bagged the prestigious ‘Platinum Medal’ from EcoVadis’ Sustainability Assessment, which underscores the company’s unwavering commitment to sustainability. Indorama Ventures actively participates in the annual EcoVadis assessment to measure its sustainable practices, ensuring alignment with the diverse requirements of key customers. In the latest

Sivaramakrishnan Ganapathi, Vice Chairman & MD of Gokaldas Exports

Corporates

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

Textile Insights February 3, 2024

One of the biggest Indian garment exporters Gokuldas Exports Ltd (GEL), will acquire the knit apparel business of Matrix Clothing Private Ltd (MCPL) for an enterprise value amounting to Rs 489 crore. Of this Rs 489 crore, Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a […]

Industry

CITI Welcomes 27.6% Hike In Textile Sector Budget Allocation

Textile Insights February 2, 2024

Confederation of Indian Textile Industry (CITI) welcomed the budget allocation for textiles which has increased by 27.6 percent, largely due to the allocation of Rs 600 crore for Cotton Corporation of India (CCI) towards cotton MSP operations. CITI Chairman Rakesh Mehra expressed hope that the cotton procurement will be as per revamped policies recommended by […]

Dyes & Chemicals

Archroma Tweaks Dye Recipe To Make It More Cost-Effective

Textile Insights February 2, 2024

Archroma has extended its Avitera SE technology by launching Avitera SE Generation Next for more cost-effective sustainable dyeing of cellulosic fibres and blends. With an improved cost-to-performance ratio for new dark and extra-dark shades, the Avitera SE Generation Next range helps mills increase yield, improve productivity and reduces processing costs. “Dyeing darker

Financial Results

Net Profit At Raymond Almost Doubles To Rs 184cr In Q3FY’24

Textile Insights February 2, 2024

Net profits at Gautam Singhania led Raymond almost doubled to Rs 184 crore in the third fiscal quarter ending December 31, 2023 from Rs 95 crore in the corresponding quarter of fiscal 2022-23. During the three months to December 2023, revenue increased 11 percent year on year to Rs 2,450 crore, with an EBITDA margin […]

Technical Textile & Nonwoven

Exhibit Space For IDEA25 Exhibition Rapidly Filling Up: INDA

Textile Insights February 2, 2024

INDA, the Association of the Nonwoven Fabrics Industry said that exhibit space reservations for IDEA25 are rapidly approaching 70 percent. IDEA is being held April 29-May 1, 2025 at the Miami Beach Convention Center in Miami Beach, Florida. “All potential exhibitors are request to make their reservations as soon as possible to ensure they receive […]

China’s Polyester Exports Cross 10,000 Kilo Tons In 2023

Net Profit At Century Textiles Soars 855 Percent In Q3FY’24

2023 Chinese Cotton Yarn Imports From India Jump Four Times

TN Govt May Buy Technical Textile Products From Local Sources

Indorama Ventures Awarded ‘Platinum Medal’ By Ecovadis

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

CITI Welcomes 27.6% Hike In Textile Sector Budget Allocation

Archroma Tweaks Dye Recipe To Make It More Cost-Effective

Net Profit At Raymond Almost Doubles To Rs 184cr In Q3FY’24

Exhibit Space For IDEA25 Exhibition Rapidly Filling Up: INDA

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