News - Textile Insights - Page 488

Fibre

Lenzing Shows New Sustainable Fibre At Intertextile Shanghai

Textile Insights August 29, 2023

Lenzing, a producer of cellulose fibres has unveiled Lenzing Ecovero with Refibra technology at this Intertextile Shanghai Apparel being held in Shanghai. Building on the success of Tencel Lyocell fibres with Refibra technology, the expansion of the Refibra technology to Lenzing Ecovero will

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise

Export

Australia Also Offers Duty Free Status To Bangla Garments Post LDC

Textile Insights August 29, 2023

Australia becomes the third country after the UK and Canada, which will continue to offer duty free status to Bangladeshi garment exports after the country graduates from its least developed country (LDC) status in 2026. This assurance was provided by an official of the Australian government’s Department of Foreign Affairs and Trade, during a recent […]

Cotton

Cotton Cultivation Up In Gujarat, But Down Across India

Textile Insights August 29, 2023

Reports indicate that cotton cultivation in Gujarat has increased by 5 percent to 26.79 lakh hectares in the 2023-24 cotton season. However, there are apprehensions of Indian cotton production declining in the new cotton season as cotton sowing has reduced all over India. “Cotton cultivation across India decreased 1.81 percent over the previous season to […]

Tete-A-Tete

Mylon Metallics Offers Complete Range Of Yarn Conditioning Plants

Textile Insights August 28, 2023

Mylon Metallics which manufactures Yarn Conditioning Plants and Automation for the textile industry supplies a complete product range, while also supporting customers with low cost timely service, with a vision to ensure none of the plants are stopped for want of spares and services The Coimbatore based company was started in 2017 and within a […]

Cotton

2023 Cotton Output Forecast To Decline In China

Textile Insights August 28, 2023

Chinese cotton production is forecast to decline in the current cotton season, primarily in its main cotton growing region of Xinjiang Uygur, due to the impact of the US import ban and also diversion to other food crops. Cotton output may drop by 10 percent in China, amid a food security drive and also due […]

Export

Jan-July Apparel Exports From Vietnam Drop 15.9%

Textile Insights August 28, 2023

In the first seven months of 2023, apparel exports from Vietnam dropped 15.9 percent, compared to the same period in 2022, to US $22.5 billion. In the months between January to July 2023, clothing exports fell 24 percent to the US, 10 percent to the EU, by another 10 percent to China and also by […]

Industry

Bangla Mills Impacted By Falsely Declared Imported Textiles

Textile Insights August 28, 2023

The Bangladesh Textile Mills Association (BTMA) has raised the issue of false declaration of imports of yarns, fabric and dress materials, which is impacting sales of locally produced textiles. In a letter addressed to the Customs Bond Commissionerate, BTMA President Mohammad Ali Khokon said, the textile industry is already reeling under challenges of foreign exchange […]

Fibre

Lycra Showing New Developments at Intertextile Shanghai

Textile Insights August 28, 2023

The Lycra Company, a manufacturer of innovative and sustainable fibres is showing its latest developments at Intertextile Shanghai in Hall 4.1 being held in Shanghai. The Lycra brand pavilion is the largest exhibition space ever at 932 square meters and features 28 co-exhibitors united under the theme of ‘Co-Create the Future Today’. The company will […]

Industry

Omax Cotspin Joins Sourcery’s Direct-to-Grower Programme

Textile Insights August 28, 2023

Gujarat based Omax Cotspin, a spinning mill manufacturing BCI, Fairtrade and recycled cotton yarn, has joined Sourcery’s Direct-to-Grower Programme that connects brands, manufacturers and growers who are committed to commercial and environmental excellence. Sourcery identifies and mitigates shared material and performance risks and cost inefficiencies to uncover

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