News - Textile Insights - Page 455

Corporates

Archroma’s Color Atlas Fully Integrated Into Shima Seiki Design System

October 22, 2023

Archroma, a global leader in sustainable specialty chemicals, and Shima Seiki, known for computerized flat knitting machines and digital design systems, have expanded their partnership. The SDS-ONE APEX design system and APEXFiz subscription software now offer the industry’s largest

Industry

Bangladesh Textile & Garment Sector Tops FDI Chart In FY’23

Textile Insights October 21, 2023

US $1.22 billion in foreign direct investment (FDI) was received by the Bangladesh textile and garment industry and it was the topper among FDI received by various sectors in the country in fiscal 2023. According to Bangladesh Bank, the central bank of Bangladesh, the country received $3.2 billion as FDI in fiscal ending June 2023, […]

Cotton

Google Awards $3.3mn Grant To Developer Of Cotton Ace App

Textile Insights October 21, 2023

Google has given a US $3.3 million grant to Wadhwani AI as part of Google’s AI for the Global Goals challenge, aiming to advance the United Nations Sustainable Development Global Goals. Wadhwani AI’s existing Cotton Ace app, which helps farmers in fighting pests in cotton farms, will now be expanded to fight pests in other […]

Sustainability

Rudolf Wins Responsible Care Federal Competition Award

Textile Insights October 21, 2023

Manufacturer of textile chemicals Rudolf has won the coveted Responsible Care Federal Competition 2023 Award in the SME category. The German company has been honoured with the award for its achievements in the field of sustainability and environmental protection. The award was presented as part of a competition organised by the German Chemical Industry Association […]

Cotton

WTO Not Able To Stop Cotton Subsidies Paid By Rich Countries

Textile Insights October 21, 2023

The World Trade Organisation (WTO) has not been able to address the issue of reducing cotton subsidies provided by rich countries to their farmers The WTO has not been able to do so despite a decision taken at the Hong Kong Ministerial Meeting in 2005 to reduce cotton subsidies immediately. The cotton subsidies paid by […]

Machinery

Karl Mayer Organises Textiles Innovation Conference In USA

Textile Insights October 21, 2023

Karl Mayer North America organised a Textiles Innovation Conference to connect with the textile manufacturing industry in the US at its TexLab in Greensboro, North Carolina. The purpose of the conference was to connect with the textile supply chain; share knowledge and applications experience; and learn from others within the textile community. “We would like […]

Fibre

Spinnova Unveils First Blended Denim Fabric Made With Its Fibre

Textile Insights October 20, 2023

Spinnova unveiled the first blended denim fabric made with Spinnova fibre, which has been produced without harmful chemicals. “The CO2 emissions and water consumption are significantly lower compared to conventional cotton production,” the Finnish company said in a press release. The company said it is presenting a less resource-intensive way of making jeans without

Cotton

Egypt Limits Cotton Exports To 40,000 Tons In 2023-24 Season

Textile Insights October 20, 2023

Egypt will limit its cotton exports to 40,000 tons in the 2023-24 season, according to the Alexandria Cotton Exporters Association (ALCOTEXA). This is being done in order to ensure sufficient domestic cotton supply to the textile industry in Egypt, “Except for small amounts of cotton meant for immediate shipments, Egypt’s has suspended cotton export registration,”

Financial Results

Rieter Sales Increase 11% In First Nine Months Of 2023

Textile Insights October 20, 2023

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1092.9 million, up 11 percent, as compared to CHF 987.4 million in the same period of 2022. “In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year,” Rieter observed in the press […]

Fibre

TAF Showing Regel Acrylic Fibre At Textile Exchange Conference

Textile Insights October 20, 2023

One of the world’s largest acrylic fibre producers, Thai Acrylic Fibre (TAF) is participating in the upcoming Textile Exchange Conference 2023 at Booth 145, which takes place from October 23-25 in London. “TAF will be showcasing their latest innovation, Regel, a recycled acrylic fibre. With its impressive MSI (Material Sustainability Index) scores, and outstanding LCA […]

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