According to a GlobalData report, Germany is the leading destination market for foreign direct investment (FDI) in greenfield textiles, while the US is the top source for FDI. Between 2019 and 2022, the textiles sector was the eighteenth largest FDI sector in terms of the number of greenfield
The eighth edition of ITMA ASIA + CITME exhibition, opened its doors on November 19 at the National Exhibition and Convention Centre in Shanghai. The exhibition is being held on 160,000 square metres space and occupies six halls at the venue and features exhibits from 18 product sectors of the entire textile manufacturing value chain. […]
China imported approximately 170,000 tons of cotton yarn in October 2023, a decrease of 10,000 tons month-on-month, but a massive year-on-year hike of 162.6 percent. In the first ten months of the current year, China imported around 1.38 million tons of cotton yarn, thereby recording a significant increase of 21.2 percent. It is estimated that […]
Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance. The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit
CEMATEX, the European Committee of Textile Machinery Manufacturers, has officially become a corresponding member of EURATEX, the European Apparel and Textile Confederation. This strategic alliance marks a significant step toward fostering stronger cooperation within the textile sector. EURATEX and CEMATEX jointly aim to address and dismantle the existing fragmentation in
Vipul Organics Ltd, the leading specialty chemicals company in the pigments and dyes segment, has announced its Quarter 2 results for FY2023-24. Some of the key highlights on a standalone basis include: In Q2 of 2023-24, the company recorded total revenues of Rs 3,660.19 lakh, marking a marginal 1% increase from Q1 of the same […]
VF Corp, the marketer of clothing brands like Timberland, The North Face and Vans, has increased sourcing of recycled polyester to 40% in fiscal 2022. “This is an improvement from 36% in fiscal 2021 and in the process has attained 80% of its target to use 50% recycled polyester by fiscal 2026,” VF said in […]
Bengaluru-based apparel manufacturer, Page Industries Ltd (PIL), reported a 7.3% decline in its net profit, totaling Rs 150.27 crore in the second quarter ending September 2023. This dip is attributed to reduced sales volume and value, compared to the Rs 162.12 crore profit posted during the same period last year, as per a filing from […]
Monforts engineering know-how were called upon to meet the complex and unusual specifications for a recent installation of a new Montex 8500 stenter line at Curt Bauer’s plant in Germany. Curt Bauer opted for the new Montex 8500 line with a working width of 3.2 metres equipped with the MonforClean heat recovery and exhaust air […]
In a recent analysis by the Confederation of Indian Textile Industry (CITI), the October 2023 performance of Indian textile and apparel exports has showcased a tale of contrasting trajectories. Indian textiles exports witnessed a substantial growth of 24.29%, reaching US$ 1643.36 million in October 2023 compared to the same period last year. However, the apparel […]





















