News - Textile Insights - Page 504

Financial Results

Kewal Kiran Clothing Posts Robust Growth In Q2FY24 Revenue & Profits

October 29, 2023

On October 23, 2023, Kewal Kiran Clothing unveiled its Q2FY24 financial results, showing remarkable growth in performance. The company reported a 15.97% year-on-year increase in its topline and a substantial 27.04% YoY growth in profit. In comparison to the previous quarter, Kewal Kiran

Financial Results

Welspun Living Ltd Achieves Record Q2 Profit and Revenue

October 29, 2023

Welspun Living Ltd, a major player in the home textiles industry, announced a significant surge in consolidated net profit, reaching Rs 200.41 crore for the quarter ending September. This marks a substantial increase from the Rs 8.33 crore net profit reported during the same period in the previous year, as per a regulatory filing by […]

Corporates

Milliken Invests In Orak To Advance Sustainable Floor Coverings

October 29, 2023

Global diversified manufacturer Milliken & Company has made a strategic investment in Orak, a Paris-based company specializing in carpet maintenance and flooring reuse. This partnership signifies a new era of sustainability in the floor covering industry, challenging conventional notions of waste and advocating for a circular economy approach. Orak’s Optimal

Corporates

Archroma’s Baroda Team Wins Gold For Quality Circle Excellence

October 29, 2023

Archroma has announced that its team in Baroda has received the Gold Award for Quality Circle in the competition organized by the Quality Circle Forum of India, a renowned body in India dedicated to promoting business excellence initiatives. The competition featured 54 teams from various industries, each demonstrating their proficiency in implementing quality concepts such

Industry

DGTR’s Anti-Dumping Duty Decision Threatens Jobs Of 50,000 Weavers In Surat

October 29, 2023

A looming decision by the Directorate General of Trade Remedies (DGTR) to impose anti-dumping duty on viscose rayon filament yarn imported from China has sent shockwaves through Surat’s textile industry. This pivotal move, aimed at safeguarding domestic interests, could result in over 50,000 weavers being forced out of their jobs, leaving a vast number of […]

Event

Uniform & Sportswear Expo Kicks Off From Nov 23 In Mumbai

Textile Insights October 28, 2023

The second edition of Uniform & Sportswear Expo (USE) 2023, an exhibition on the uniform and sportswear industry will be held at the Nehru Exhibition Centre, Worli, Mumbai from November 23-25. MB Raghunath, CEO of Mafatlal Industries will be the Chief Guest and Naveen Sainani, Joint Secretary; Clothing Manufacturers Association Of India (CMAI) will be […]

Machinery

59 Italian Textile Machinery Firms Exhibiting At ITMA Asia

Textile Insights October 28, 2023

A total of 59 Italian machinery manufacturers will be exhibiting at ITMA Asia and will occupy a surface area of around 2,000 square metres at the exhibition. “Of these 59 manufacturers, 26 will be presenting technological innovations as part of the National Sector Groups, organised by ACIMIT and the Italian Trade Agency,” ACIMIT said in […]

Machinery

Picanol Displaying Ultimax For First Time At ITMA Asia

Textile Insights October 28, 2023

Advanced weaving machines manufacturer Picanol will display Ultimax, its new and revolutionary rapier weaving machine for the first time in Asia at ITMA Asia in Hall 3, Stall C-11. Visitors to the Picanol stall will also be able to see five different high-tech weaving machine types as well as the PicConnect digital platform. The five […]

Fibre

Vietnam Fibre Exports Down 13.8% In First Nine Months Of 2023

Textile Insights October 28, 2023

In the months between January and September 2023, Vietnamese exports of various fibres totaled US $3.2 billion, down 13.8 percent year over year. In the period under review, fibre shipments to China, which is Vietnam’s biggest fibre export market, amounted to $1.71 billion, a drop of 2.1 percent from a year ago period. Fibre exports […]

Sustainability

Life Cycle Assessment Tool Launched by Chinese Textile Sector

Textile Insights October 28, 2023

At the recently held China Apparel Conference, the textile and apparel sector launched the LCAplus platform, which is a textile life cycle assessment tool. The LCAplus platform will offer support for textile & garment companies to gather and trace environmental data throughout the textile production process. The tool will also help the China’s textile and […]

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