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UK Garment Imports Drop 30.62% In September 2023

Textile Insights November 21, 2023

UK’s garment imports totaled £1.44 billion in September 2023, dropping by a massive 30.62 percent compared to the same month in the previous year Again in September 2023, textile fabric imports also declined to £457 million, down 13.93 percent from a year ago month. The clothing retail market

Dyes & Chemicals

ZDHC Completes Transition of MRSL V2.0 to V3.1

Textile Insights November 21, 2023

The transition phase from ZDHC MRSL V2.0 / ZDHC Conformance Guidance V1.1 to the newly implemented ZDHC MRSL V3.1 / ZDHC Conformance Guidance V2.0 has concluded effective from November 1. “From this date forward, only products compliant with the new ZDHC MRSL V3.1 and the corresponding ZDHC Conformance Guidance V2.0 are eligible for upload onto […]

Technical Textile & Nonwoven

Lenzing Shows Veocel Lyocell Dry Fibre At Hygienix 2023

Textile Insights November 21, 2023

To meet increasing demand among brands and consumers for plastic-free materials and ingredient transparency, Veocel, the flagship specialty nonwovens brand of Lenzing showed Lyocell Dry fibre at Hygienix 2023. Lenzing Lyocell Dry fibre which is not classified as plastic according to EU SUPD, meets the growing interest for plastic-free nonwoven products across the industry

Industry

Chhattisgarh’s Capital to Have All Women Garment Factory

Textile Insights November 21, 2023

A first-of-its-kind garment factory is being set up in Raipur the capital city of Chhattisgarh, which will exclusively provide employment opportunities only for women. The Raipur Municipal Corporation (RMC) will manage the facility, which has been planned on around 45,000 square feet area and will employ 2,000 women when fully operational. Till date, RMC has […]

Cotton

Better Cotton To Support 200,000 Farmers In Côte d’Ivoire

Textile Insights November 20, 2023

Better Cotton has started a new programme in the West African country of Côte d’Ivoire and committed to support 200,000 domestic cotton farmers in its first five years. The new field-level programme will offer training and resources to farming communities across the country, a first step towards helping them produce more sustainable cotton. The Professional […]

Industry

Uzbek President Visits Company in Indian Textile Cluster

Textile Insights November 20, 2023

Uzbek President Shavkat Mirziyoyev recently visited a company located in the Indian textile cluster in Termez to assess and discuss the challenges and opportunities in Uzbekistan’s growing textile industry. Started in 2019 at an investment of US $10 million, the Indian company has become a key player in the region, leveraging advanced technologies and equipment […]

Industry

Germany Top Destination For FDI In Greenfield Textile Projects

Textile Insights November 20, 2023

According to a GlobalData report, Germany is the leading destination market for foreign direct investment (FDI) in greenfield textiles, while the US is the top source for FDI. Between 2019 and 2022, the textiles sector was the eighteenth largest FDI sector in terms of the number of greenfield investments and the textiles sector accounts for […]

Event

ITMA Asia Opens Its Doors On Nov 19 With 1,500 Exhibitors

Textile Insights November 20, 2023

The eighth edition of ITMA ASIA + CITME exhibition, opened its doors on November 19 at the National Exhibition and Convention Centre in Shanghai. The exhibition is being held on 160,000 square metres space and occupies six halls at the venue and features exhibits from 18 product sectors of the entire textile manufacturing value chain. […]

Export

Chinese Cotton Yarn Imports Leap 162.6% In October

Textile Insights November 20, 2023

China imported approximately 170,000 tons of cotton yarn in October 2023, a decrease of 10,000 tons month-on-month, but a massive year-on-year hike of 162.6 percent. In the first ten months of the current year, China imported around 1.38 million tons of cotton yarn, thereby recording a significant increase of 21.2 percent. It is estimated that […]

Financial Results

Grasim Industries Reports Marginal Decline In Profits For Q2 FY2024

November 19, 2023

Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance. The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit

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