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Industry

Textile Industry Set To Contribute Significantly To India’s Growth: CII And Primus Partners Report

November 6, 2023

CII and Primus Partners recently launched a report titled “Decadal Outlook for Textile Industry: Threads of Transformation for Textile Industry” at TEXFUTURE 2023 Conference, organised by CII and Government of Maharashtra. The report highlights the contribution of the textile industry to the

Fibre

Anticipated Recovery In Market Fails To Materialise – Lenzing

Textile Insights November 6, 2023

Manufacturer of cellulose fibres, Lenzing said the anticipated recovery in markets relevant for company has failed to materialise till date. “The continued sharp increase in raw material and energy costs and very subdued demand had a negative impact on us as well as the whole industry,” the Austrian company said in a press release. Revenue […]

Industry

TN Open-End Mills On Strike For Second Time in Four Months

Textile Insights November 6, 2023

For the second time in four months, Tamil Nadu open-end spinning mills will shutdown from November 7 to 30. Weavers in Tirupur and Coimbatore districts too have decided to go on strike from November 5. While speaking with the press, G. Arulmozhi, President of the Open-End Spinning Mills’ Association said there are 600 open-end spinning […]

Technical Textile & Nonwoven

H1 Net Sales Drop 19% At Nonwoven Fabrics Producer Suominen

Textile Insights November 6, 2023

Net sales at nonwoven fabrics and roll goods manufacturer Suominen dropped 19 percent in the third quarter ended September 30, 2023 to €106.4 million as against €131.9 million in the year ago quarter. However, EBITDA improved slightly to €5.2 million in the quarter under review compared to €5.1 million in the comparable quarter. Cash flows […]

Export

AEPC Unveils ‘40 By 30’ Plan To Boost Indian Garment Exports

Textile Insights November 6, 2023

The Apparel Export Promotion Council of India (AEPC) has set a target of achieving US $40 billion in garment exports by 2030 “To achieve this target, the council will focus on innovation, expanding market and product basket, practice sustainability and responsible business practices,” AEPC Chairman Naren Goenka said. In a statement, Goenka said “We have […]

Financial Results

HP Cotton Textile Mill Posts Turnaround In H1FY’24 Net Profit

Textile Insights November 6, 2023

Manufacturer of cotton yarns and sewing threads, HP Cotton Textile Mills reported a turnaround in net profit by posting a profit in the first six months of fiscal 2024 ending September 2023. The Haryana based company recorded a net profit of Rs 4.41 crores between April and September 2023, as compared to a loss of […]

Corporates

Denge Kimya and Dyesol India: Leading The Way In Sustainable & Innovative Textile Chemicals

November 5, 2023

Denge Kimya hosted the “Innovative Chemicals Presentation” in Tiruppur on October 28, 2023, in collaboration with its partner, Dyesol Color Works. This event brought together key stakeholders from the industry, offering them the opportunity to explore Denge Kimya’s innovative products and gain a deeper understanding of the company. It proved to be a

Sivaramakrishnan Ganapathi, Vice Chairman & MD of Gokaldas Exports

Financial Results

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

November 5, 2023

Gokaldas Exports has released its financial results for the quarter ending on September 30. The company reported consolidated revenue of Rs 509 crore for the quarter, a decline from Rs 576.3 crore in the same quarter last year. Additionally, the consolidated profit before tax for this quarter was Rs 29.3 crore, down from Rs 49 […]

Financial Results

Andritz Posts Robust Q3 2023 Results With 11% Revenue Growth

November 5, 2023

Andritz, the international technology group, has reported strong financial results for the third quarter of 2023. Compared to Q3 2022, the company’s revenue increased by 11%, net income saw a 27% boost, and EBITA rose by 16%. However, the order intake was lower than the previous year due to the absence of large orders, but […]

Financial Results

Oerlikon Group Faces Headwinds In Sales & Margins For Q3 2023

November 5, 2023

Oerlikon Group recently released its Q3 2023 financial results, revealing headwinds in sales and margins due to challenging market conditions. During the third quarter, Oerlikon Group experienced a 25.8% drop in order intake to CHF 567 million, mainly attributed to a slump in demand in the polymer processing solutions segment. Sales also declined by 15.9% […]

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