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US Garment Imports Plunge 22.92% Between Jan-May 2023

Textile Insights August 2, 2023

US garment imports in the first five months of 2023 plunged 22.92 percent year on year, to US $31.51 billion as against $40.89 billion in January-May 2022. Between January and May 2023, volume wise data measured in Square Meter Equivalent (SME) sank 30.48 percent from a year ago period to 9.58

Industry

Situation Improves For First Time Since Nov 2021 – ITMF

Textile Insights August 2, 2023

Despite remaining in negative territory, the business situation has improved worldwide for first time since November 2021 in July 2023. An increasing number of companies have adapted to the harsh business environment and are now reporting improvements. This is the summing up of an International Textile Machinery Federation (ITMF) survey conducted in the first fortnight

Corporates

SCHÜTZEN: Rising Star of Sustainable Chemistry

August 1, 2023

SCHÜTZEN, a leading chemical group, has risen to the forefront of innovation by securing its place as one of the top 8 finalists out of an impressive pool of 113 exceptional start-ups hailing from five different continents. The recognition was granted by an esteemed international jury of independent reviewers, comprising representatives of the ISC3 partner […]

Cotton

Pakistan Reintroduces Cotton Grading & Standardisation System

Textile Insights August 1, 2023

Pakistan’s cotton grading and standardisation system will be reintroduced after several decades with a touch of modernity, mainly due to the efforts of Pakistan Cotton Brokers Association (PCBA). “We, along with other stake holders would try to finalise a date and venue for relaunch next month, possibly August 14, the Independence Day,” PCBA President Kashif […]

Apparel, Fashion, Retail

Adidas Inks Record $1.1bn Apparel Deal With Manchester United

Textile Insights August 1, 2023

Football club Manchester United has signed an astounding and record-breaking US $1.1 billion deal with Adidas to extend their garment uniforms sponsorship for the next 10 years. Adidas will continue to make the soccer club’s apparel uniforms through 2035 and Adidas said there will be a greater focus on Manchester United’s women’s team. The German […]

Industry

Cotton Corporation of India Announces Recruitment for Various Posts

August 1, 2023

The Cotton Corporation of India Ltd (CCI), a public sector undertaking under the Ministry of Textile, Government of India, has unveiled an exciting opportunity for job seekers with its announcement of a direct recruitment drive to fill multiple vacancies. The recruitment process is part of CCI’s strategy to strengthen its core competencies and expand its […]

Industry

IOAS Accredits SGS India For Offering Textile Exchange Services

Textile Insights August 1, 2023

Testing, inspection and certification company SGS has been accredited by the International Organic Accreditation Service (IOAS) to extend its Textile Exchange product certification services in India. The scope of the certification scheme includes Content Claim Standard (CCS) and Recycled Claim Standard (RCS) for textile, leather, plastic, paper and metal product

Industry

NITI Aayog Meets Textile Bodies To Resolve Tax Hurdles

Textile Insights August 1, 2023

India’s government think tank NITI Aayog recently met with industry bodies from various sectors including those from the textile sector to resolve tax related issues facing the industry. The meeting was attended by representatives of various textile associations like CITI, PDEXCIL, CMAI, SIMA, TEXPROCIL, etc. Issues like the inverted duty structure in the MMF value […]

Financial Results

Rossari Biotech Q1FY’24 EBITDA Margin Rises To 14.1%

Textile Insights August 1, 2023

EBITDA margin at textile speciality chemicals manufacturer Rossari Biotech rose 80bps to 14.1 percent in the first quarter ending June 30, 2023 of fiscal 2024 versus 13.3 percent in the same quarter of fiscal 2023. EBITDA in Q1FY’24 was also higher as against expectations of 13.5 percent and also higher than 13.4 percent in the […]

Tete-A-Tete

Sodaltech’s Paper Conversion Machinery Has 80% Market Share

Textile Insights July 31, 2023

Sodaltech which manufactures automatic paper conversion machinery for the production of eco-friendly textile paper cones, paper tubes and cores has a massive 80 percent market share in India. The company’s high-performance paper conversion machinery is used for production of textile paper cones and also textile paper tubes such as DTY tubes and POY tubes. Their […]

US Garment Imports Plunge 22.92% Between Jan-May 2023

Situation Improves For First Time Since Nov 2021 – ITMF

SCHÜTZEN: Rising Star of Sustainable Chemistry

Pakistan Reintroduces Cotton Grading & Standardisation System

Adidas Inks Record $1.1bn Apparel Deal With Manchester United

Cotton Corporation of India Announces Recruitment for Various Posts

IOAS Accredits SGS India For Offering Textile Exchange Services

NITI Aayog Meets Textile Bodies To Resolve Tax Hurdles

Rossari Biotech Q1FY’24 EBITDA Margin Rises To 14.1%

Sodaltech’s Paper Conversion Machinery Has 80% Market Share

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