News - Textile Insights - Page 448

Cotton

Better Cotton Unveils First-Of-Its-Kind Traceability Solution

Textile Insights November 3, 2023

Better Cotton, the world’s largest cotton sustainability initiative launched a first-of-its-kind traceability solution for the fashion and textile sectors. The solution has been developed over three years and will provide visibility of cotton’s journey through the supply chain by logging

Industry

Bangladesh Garment Factories Shut Following Violent Protests

Textile Insights November 3, 2023

Hundreds of Bangladeshi garment factories stayed closed on Thursday following protests and violence by garment industry workers who are demanding a higher minimum wage. Sources said that around 50 apparel manufacturing factories were vandalised by workers on the outskirts of Dhaka, following which hundreds of factories shut their doors. Thousands of apparel sector workers

Export

Oct Pak Textile Exports Post Growth First Time This Year

Textile Insights November 3, 2023

Pakistani textile exports reported a growth for the first time this year in October 2023, after nine months of decline in the current year. “Overseas shipments of textiles grew 5 percent in October 2023 to US $1.43 billion when compared with October 2022,” data released by All Pakistan Textile Mills Association (APTMA) informed. However, textile […]

Economy

Karl Mayer’s Groundbreaking Warp Knitting Digital Solution

Textile Insights November 2, 2023

The textile industry stands on the brink of transformation, driven by the fusion of cutting-edge digital technologies with traditional manufacturing practices. Introduction of digital shop floor management and innovative solutions like Digital Production Management (DPM) by KM.ON are reshaping the landscape of textile production. “Digital Production Management (DPM) by

Industry

Andhra Pradesh Mills Seek Govt Support To Tide Over Crisis

Textile Insights November 2, 2023

The Andhra Pradesh Textile Mills Association (APTMA) has sought the support of the state due to the critical situation facing the textile industry in the state. APTMA cited several challenges, including escalating cotton prices, dwindling yarn prices, surging power charges, and the post-COVID market imbalance all of which have severely impacted the industry’s financial

Export

Indonesia Starts Probe Into Massive Hike In Textile Imports

Textile Insights November 2, 2023

The Indonesian government has started an investigation into various imported textile products in order to safeguard the domestic industry. The Indonesian Trade Safeguard Committee (KPPI), under the Ministry of Trade has initiated the probe after the Indonesian Textile Association (API) raised the issue earlier in the year. The Ministry of Trade took into consideration the

Financial Results

Q2FY’24 Net Profit At Denim Maker Arvind Plunges 36%

Textile Insights November 2, 2023

Net profit at India’s biggest denim fabric manufacturer, Arvind Ltd plunged 36 percent year on year to Rs. 84.02 crore in the second fiscal quarter ending September 30, 2023 The Sanjay Lalbhai led company recorded operational revenue at Rs 1,921.73 crore in the quarter under review, down 11.43 percent as against Rs 2,169.81 crore in […]

Dyes & Chemicals

Archroma Celebrates 100 Years Of Sulfur Dye Innovation

Textile Insights November 2, 2023

Archroma celebrated 100 years of sulfur dye innovation at its manufacturing and research hub in Castellbisbal, near Barcelona in Spain. The milestone was marked at an on-site ceremony attended by more than 250 guests, including officials from the Catalan government, current and former Archroma staff, key customers and others. “Delivering consistent product quality and

Corporates

Textile Recycling Innovator SaXcell Signs MoU with Birla Cellulose

November 1, 2023

SaXcell, a pioneer in textile recycling, has entered into a Memorandum of Understanding (MoU) with Birla Cellulose, a part of the Aditya Birla Group and one of the world’s largest manufacturers of man-made cellulosic fiber. This MoU marks the beginning of an extended collaboration between the two companies aimed at producing recycled man-made cellulosic fibers. […]

Industry

Bangladesh Minister Assures Garment Workers Of Higher Wages

Textile Insights November 1, 2023

The Bangladesh Minister for Labour, Monnujan Sufian assured workers that the minimum wage would be set higher than that proposed by the Minimum Wage Board, following protests by garment sector workers. The Minister said that there will be another meeting of Minimum Wage Board on November 1 in which concerns of all stakeholders will be […]

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