News - Textile Insights - Page 477

Machinery

Uzbek Textile Delegation Visits Mayer & Cie Plant

Textile Insights September 16, 2023

A 20 member strong textile delegation from Uzbekistan visit the plant of German circular knitting machines manufacturer Mayer & Cie located in Albstadt. German-Uzbek Textile Partners (GUZ Partner) and Uzbekistan Textile and Garment Industry Association came to attend a business forum in

Apparel, Fashion, Retail

Louis Philippe Premieres in Dubai’s Fashion Scene

September 15, 2023

Louis Philippe has announced its debut in the Middle East with the grand opening of its latest outlet in the U.A.E. This momentous occasion marks the beginning of Louis Philippe’s strategic expansion into the vibrant Middle Eastern fashion landscape, aiming to make its world-class products accessible to discerning consumers worldwide. Louis Philippe, an iconic

Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between January and June […]

Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast

Technical Textile & Nonwoven

India Emerging As Force To Reckon With In Medical Textiles

Textile Insights September 15, 2023

From being a non-producer of Covid Grade Personal Protective Equipment (PPE), India rose to become world’s second largest producer and exporter of PPEs and N-95 masks in a period of just six months during Covid times. This was stated by Textiles Minister of State Darshana Jardosh at Meditex 2023, a conference on scope and opportunities […]

Machinery

Picanol Hosts Customer Seminars in Ahmedabad & Bhilwara

Textile Insights September 15, 2023

Advanced weaving machines manufacturer Picanol, recently organised customer seminars in Bhilwara and Ahmedabad, earlier this month. The Belgium headquartered company provided deeper insights to the attendees on the innovations that were showcased at their stall at ITMA 2023. At ITMA 2023, Picanol had unveiled innovations like the Ultimax, its revolutionary new rapier

Fibre

Spinnova & Renewcell Develop Textile Waste-Based Fibre

Textile Insights September 15, 2023

Sustainable textile material company, Spinnova has partnered textile recycling company Renewcell, to develop and promote a concept to commercialise and scale textile waste-based fibre. The collaboration is the first of its kind, where textile waste-based fibre can be spun into new fibre without harmful chemicals and the first consumer products will be available around

Apparel, Fashion, Retail

Mack Weldon Unveils Lifetime Odour Free Denim Jeans Line

Textile Insights September 14, 2023

US menswear brand, Mack Weldon released its Silver Denim collection, which is a first-of-its-kind Ionic+ silver infused denim, that will stay odour-free over the lifetime of the jeans, despite several washes. Mack Weldon’s Silver Denim collection was developed in collaboration with Cone Denim and Noble Biomaterials, inventor of the odour-blocking Ionic+ silver technology.

Export

Asian Countries Risk Losing $65bn In Apparel Exports

Textile Insights September 14, 2023

A new study by Cornell University’s Global Labour Institute (GLI) and Schroders, reveals extreme heat and flooding are threatening key apparel production hubs. “Four countries vital for fashion production like Bangladesh, Cambodia, Pakistan and Vietnam risk missing out on $65 billion in export earnings and almost one million new jobs,” the study said. The collaboration

Industry

Bangla Textile Capacity Not Enough To Meet China Plus Orders

Textile Insights September 14, 2023

Bangladesh is the second biggest global garment exporter and shipped apparels totaling US $46.99 billion in previous fiscal and utilised its overall production capacity in doing so. But does it have spare capacity to handle orders diverted from China, under China Plus policy and the US ban on using China’s Xinjiang region cotton in clothing […]

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