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Machinery

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Textile Insights January 29, 2024

The global textile machinery market which was valued at US $29 billion in 2023 is expected to grow at a CAGR of 6.1 percent and touch $52 billion by 2033. According to a Fact.MR report, among all textile machinery sales, those of spinning machines are projected to grow at a CAGR of 4.6 percent

Export

Red Sea Crisis May Not Right Away Hit Textile Sector: CRISIL

Textile Insights January 29, 2024

Players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle. “But a prolonged crisis over the next few quarters can make these sectors also vulnerable as working capital cycles would get stretched with orders […]

Export

Amid Red Sea Disruption German Shipper Offers Land Route

Textile Insights January 29, 2024

German shipping group Hapag-Lloyd will be introducing land corridors through Saudi Arabia to mitigate the impact on its business. But the German shipping giant will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea. In a statement, the shipping company […]

Dyes & Chemicals

Sun Chemical Bags Eco Passport By Oeko-Tex Certification

Textile Insights January 29, 2024

Sun Chemical has completed the Eco Passport by Oeko-Tex certification for a selected range of pigments and also achieved Zero Discharge of Hazardous Chemicals (ZHDC) Level 3 accreditation. According to a Sun Chemical press release, Level 3 is the highest level possible by the ZDHC Foundation, an organisation committed to phasing out hazardous chemicals in […]

Export

Uzbekistan Textile & Apparel Exports Slip 3.8% In 2023

Textile Insights January 29, 2024

Uzbekistan exported textile and garments totaling to US $3 billion in 2023, which is a 3.8 percent slip over its previous year. Among these, exports of yarn reached $1.2 billion and accounted for 41 percent of all textile and garment exports. “While exports of finished textile products also touched $1.2 billion and accounted for 41.1 […]

Policies

Textile Ministry May See Marginal Rise In Budget Allocation

Textile Insights January 29, 2024

The Indian Textile Ministry is likely to see a marginal increase of 2.5 percent in its budget allocation for fiscal 2024-25 over the Rs 4,389 crore allocated in the current fiscal. “This increase, though modest, aligns with the government’s commitment to establish India as a key global player in the textile industry. However, the limited […]

Corporates

Saurer OpenHouse 2024: A Platform For Knowledge Sharing And Innovation

January 28, 2024

The textile industry is constantly evolving, and industry leaders must stay updated on the latest trends and innovations. To achieve this, Saurer, a leading textile machinery company, hosted for the first time the OpenHouse 2024 event on January 12 and 13. This new format brought together industry experts from academia, consulting and industry, showcasing the […]

Corporates

Himatsingka Seide’s Board Approves Rs 400 Crore Fund Raise And Director Appointment

January 28, 2024

Himatsingka Seide Ltd, a leading player in the textile industry, unveiled strategic decisions following its Board of Directors meeting on January 25, 2024. Fund raising and capital structure enhancement: The board has greenlighted fund raising up to Rs 400 crore, utilizing equity shares or eligible securities via a Qualified Institutions Placement (QIP). Pending approvals,

Industry

FICCI’s Budget Wish List To Boost Investments, Innovation and MSMEs

January 28, 2024

In anticipation of the Interim Union Budget for 2024-25, the Federation of Indian Chambers of Commerce and Industry (FICCI) has outlined a set of expectations and recommendations covering various aspects of the economy. These proposals are aimed at fostering economic growth, encouraging innovation and simplifying taxation and compliance for businesses. Here are the key

Corporates

Rossari Biotech Announces Strong Q3 FY24 Financial Results

January 28, 2024

Rossari Biotech Ltd, a leading specialty-chemicals manufacturer, has revealed robust financial performance for the quarter ended December 31, 2023. Revenue from operations grew by 19% to Rs 463.8 crore compared to Rs 389.3 crore in Q3 FY23. EBITDA improved by 18% to Rs 63.7 crore from Rs 54.2 crore, with an EBITDA margin at 13.7%. […]

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Red Sea Crisis May Not Right Away Hit Textile Sector: CRISIL

Amid Red Sea Disruption German Shipper Offers Land Route

Sun Chemical Bags Eco Passport By Oeko-Tex Certification

Uzbekistan Textile & Apparel Exports Slip 3.8% In 2023

Textile Ministry May See Marginal Rise In Budget Allocation

Saurer OpenHouse 2024: A Platform For Knowledge Sharing And Innovation

Himatsingka Seide’s Board Approves Rs 400 Crore Fund Raise And Director Appointment

FICCI’s Budget Wish List To Boost Investments, Innovation and MSMEs

Rossari Biotech Announces Strong Q3 FY24 Financial Results

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