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Welpsun India Aims To Be Debt-Free In Fiscal 2025-26

Textile Insights September 6, 2023

Welspun India, a major manufacturer and which exports 90 percent of home textiles production, plans to be debt-free by 2025-end and 2026-beginning. This was informed by Dipali Goenka, the Joint Managing Director and CEO of Welspun India, who also informed about the company’s plan to invest Rs

Corporates

Setex Schermuly Sells Majority Stake To Elvaston Capital

Textile Insights September 6, 2023

Setex Schermuly, a supplier of automation and software solutions for the textile finishing industry has sold a majority stake in the company to Elvaston Capital Management GmbH. Private equity partner Elvaston has set up Textile Solutions Holding GmbH, a company which will manage a portfolio of technology companies that ensure seamless integration along the textile […]

Export

Bangladesh Garment Exports Inch Up 4.92% In August

Textile Insights September 6, 2023

Bangladesh garment exports inched up 4.92 percent in August to US $3.93 billion, up from $3.74 billion in the same month of earlier fiscal. In the first two months of the current fiscal ending June 30, 2024, apparel shipments reached $7.88 billion, a growth of 12.46 percent over comparable months of the previous fiscal “In […]

Cotton

Cotton Outlook Projects Reduced Global Output For 2023-24

Textile Insights September 6, 2023

Cotton Outlook’s forecast of global raw cotton production in 2023-24 has this month been reduced by 529,000 tons. The decline is attributed principally to weather-related losses in the United States, plus a smaller adjustment for the African Franc Zone, based on the latest planting data. Output in 2022-23, however, has been raised by 176,000 tons, […]

Event

ITMA ASIA + CITME 2024: Space Applications Open!

September 6, 2023

ITMA ASIA + CITME 2024 space application is now open. Asia’s leading business platform for textile machinery, the ninth combined show will be held from October 14 to 18, 2024, at the National Exhibition and Convention Centre, Shanghai, China. According to the show owners, CEMATEX (European Committee of Textile Machinery Manufacturers), the Sub-Council of Textile […]

Sustainability

BGMEA Partners On Creating Circular Textile Economy

Textile Insights September 5, 2023

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Circle Economy are collaborating to help Bangladesh’s textile and garment sector’s transition towards a circular economy. The partnership will result in better coordination for sharing expertise, disseminating knowledge and sharing expertise, which will be benefit BGMEA members and help them

Fibre

Kelheim Fibres Collaborates With Magnolab To Drive Innovation

Textile Insights September 5, 2023

Viscose specialty fibre manufacturer Kelheim Fibres has collaborated with MagnoLab, an international network of companies in the textile industry based in Biella, Italy. “This partnership will highlight importance of collaboration between different companies to drive innovation and sustainability in the textile industry,” Kelheim Fibres said in a press release. The German

Industry

1,600 Textile & Garment Factories Shut Shop In Pakistan

Textile Insights September 5, 2023

Around 1,600 Pakistani textile and garment factories have shutdown over the past 16 months and the Pakistani Commerce Ministry is contemplating a strategy to reopen these closed factories “A framework is in the process of finalisation which will provide regional competitive energy pricing, working capital support, speedy refund payments and enhanced market access,” media

Event

ITMF Opens Registration For Annual Conference In China

Textile Insights September 5, 2023

The International Textile Machinery Federation (ITMF) has opened registrations for its ITMF Annual Conference 2023, scheduled to be held in Keqiao, China from November 4-6, 2023. The conference is being co-hosted by the China National Textile and Apparel Council (CNTAC) and the Shaoxing Municipal People’s Government. More than 500 international industry experts from around

Cotton

Pakistani Cotton Arrivals Soars 97.5% Till Aug 31

Textile Insights September 5, 2023

Cotton arrivals in Pakistan soared 97.5 percent from a year ago period as on August 31, 2023 to total 3.04 million bales as against 1.53 million bales in the same period last year. “Pakistan is expecting a bumper cotton output and production may reach the target of 12 million bales in 2023-24,” data from Pakistan […]

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