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Apparel, Fashion, Retail

Fashion Institute Gives Makeover To Kerala Khadi Garments

Textile Insights August 8, 2023

The Kerala Khadi and Village Industries Board has joined hands with the Institute of Fashion Technology – Kerala (IFTK) to unveil a khadi based fashion collection to appeal to the youth. Vice Chairman of the Kerala Khadi Board P Jayarajan said new designs in brilliant colours created by

Financial Results

Q1FY’24 Vardhman Textiles Net Profit Drops Sharply

Textile Insights August 8, 2023

In the first fiscal quarter ending June 30, 2023, Vardhman Textiles net profit dropped sharply by 58.53 percent to Rs 136.47 crore, compared to Rs 329.12 crore in the corresponding quarter of earlier fiscal EBITDA too dropped 41.88 percent to Rs. 309.88 crore in the reporting quarter as against Rs 533.17 crore in the first […]

Industry

Tiruppur Hosiery Body Seeks Curbs On Bangla Garment Imports

Textile Insights August 8, 2023

The South India Hosiery Manufacturers’ Association (SIHMA) has called upon the central government to take measures in curbing apparel imports from Bangladesh. Additionally, the association highlighted the need to impose restrictions on raw cotton exports once the new cotton season begins from October 1. In a memorandum, AC Eswaran, President of SIHMA said around 40 […]

Fibre

Lenzing Group Bags Platinum Status In EcoVadis CSR Rating

Textile Insights August 8, 2023

Producer of specialty fibres for the textile and nonwoven industries, Lenzing Group has bagged the platinum status in the EcoVadis CSR rating and puts Lenzing in the top one percent of global companies rated by EcoVadis. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working […]

Industry

Smuggling Of Textiles & Clothing Kill Nigerian Textile Sector

Textile Insights August 8, 2023

Smuggling of textiles and garments through Nigeria’s land borders, has led to the closure of over 150 textile companies in the last few decades. The closure of the Nigeria and Niger road border has left several trucks stranded on the border, which are carrying smuggled and cheap textiles This was revealed by the Director-General of […]

Product Launch & Innovation

Devan’s R-Vital NTL Unlocks New Possibilities For Textile Manufacturers Globally

August 7, 2023

Devan, the global specialty chemicals developer based in Belgium now a part of Pulcra Chemicals since 2021, has announced a significant breakthrough with their R-Vital NTL technology. Achieving a remarkable durability of 50 washes, Devan’s bio-based and biodegradable well-being innovation is set to revolutionize the textile industry. R-Vital NTL empowers textile

Corporates

MAG Solvics Appoints Dhandayuthapani C., As New MD

August 7, 2023

MAG Solvics Pvt. Ltd. has announced the appointment of Dhandayuthapani Chidambaram as the new Managing Director. This strategic decision comes as MAG celebrates 32 years of unparalleled excellence and steadfast commitment to delivering top-notch products and services. Dhandayuthapani C., who has played a pivotal role as Director with a primary focus on sales &

Financial Results

Net Profit At Nandan Denim Plummets 89.8% in Q1FY’24

Textile Insights August 7, 2023

In the first quarter of fiscal 2024 ending June 30, 2023, net profit at Gujarat based Nandan Denim plummeted 89.8 percent to Rs 1.07 crores from Rs 10.5 crore in the same quarter of previous fiscal. In the reporting quarter, sales at one of the biggest Indian denim fabric manufacturer, was also down 28.90 percent […]

Export

European Union Garment Imports Climb 20.97% in 2022

Textile Insights August 7, 2023

In 2022, the European Union’s garment imports from the world climbed 20.97 percent to reach US $103.09 billion as against $85.23 billion in 2021 and which stood at $90.53 billion in 2018. Quoting EUROSTAT statistics, the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) said while, EU’s apparel imports from Bangladesh has grown at a CAGR […]

Industry

Pakistani Textile Industry On Ventilator Support

Textile Insights August 7, 2023

Difficulties in the Pakistani textile industry, which accounts for 60 percent of Pakistan’s overall exports has been seriously affected by multiple factors in the last few years. They include the Covid-19 pandemic, slowdown in orders from the US and the EU, rise in energy costs, critical state of the economy and months of political chaos […]

Fashion Institute Gives Makeover To Kerala Khadi Garments

Q1FY’24 Vardhman Textiles Net Profit Drops Sharply

Tiruppur Hosiery Body Seeks Curbs On Bangla Garment Imports

Lenzing Group Bags Platinum Status In EcoVadis CSR Rating

Smuggling Of Textiles & Clothing Kill Nigerian Textile Sector

Devan’s R-Vital NTL Unlocks New Possibilities For Textile Manufacturers Globally

MAG Solvics Appoints Dhandayuthapani C., As New MD

Net Profit At Nandan Denim Plummets 89.8% in Q1FY’24

European Union Garment Imports Climb 20.97% in 2022

Pakistani Textile Industry On Ventilator Support

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