News - Textile Insights - Page 508

Corporates

Stäubli Expands In Hangzhou With R&D And Manufacturing Base

September 24, 2023

Stäubli, a global leader in automation and textile solutions, proudly unveils its new Yinhai R&D and Intelligent Manufacturing Base in Hangzhou, China. Located close to its existing production site, this 25,000 square-meter facility signifies a major step in Stäubli’s growth strategy

Corporates

Wazir Advisors Joins Forces With Good Fashion Fund For Sustainable Fashion Investments

September 24, 2023

Wazir Advisors has entered into a strategic alliance with the Netherlands-based Good Fashion Fund (GFF) to bolster impact investments in the fashion industry. In this collaboration, Wazir Advisors will provide vital expertise in technical matters, sustainability practices, and supply chain considerations, contributing to more informed investment decisions by GFF. The

Corporates

MycoWorks Launches World’s Largest Mycelium Material Facility In South Carolina

September 24, 2023

Biotech firm MycoWorks has initiated production at its state-of-the-art manufacturing plant in Union, South Carolina. This facility can scale up production to meet the luxury industry’s demand for its proprietary Fine Mycelium material. The patented technology produces Reishi, a biomaterial with hand-feel, strength and durability comparable to calfskin leather. With

Corporates

Teijin Aramid’s Peter ter Horst Joins VNCI Board

September 24, 2023

In a recent development, on September 11, 2023, Peter ter Horst has been appointed as a board member by the members of VNCI. This move signifies Teijin Aramid’s active participation in the Royal Association of the Dutch Chemical Industry (VNCI) and its commitment to the principles of sustainability. Teijin Aramid, renowned for its dedication to […]

Corporates

Arrow Appoints Anand Aiyer As CEO

September 24, 2023

Arvind Fashions Ltd has appointed Anand Aiyer as the new CEO of Arrow, a renowned fashion brand known for its timeless elegance. With a remarkable track record of over 24 years in the fashion brands and retail sector, Aiyer is poised to lead Arrow into a new era of innovation and growth. Anand Aiyer previously […]

Cotton

Better Cotton India Program Substantially Cuts Pesticides Use

Textile Insights September 23, 2023

Better Cotton’s India Program cut highly hazardous pesticides use from 64 percent to 10 percent between the 2014-15 and 2021-22 cotton seasons. Indian farmers who used Monocrotophos, a pesticide classed as highly toxic by the World Health Organisation dropped from 41 percent to just 2 percent. Now a coalition made up of Better Cotton, Fairtrade […]

Technical Textile & Nonwoven

Andritz starts up extra-wide carding machine in Italy

Textile Insights September 23, 2023

Nonwovens technology manufacturer Andritz has successfully started up a new carding machine as well as an opening and blending line it delivered to Albis in Italy. “With its large working width of 5.10 metres, the machine allows for nonwoven fabrics production, tailored to specific requirements while maintaining excellent properties and consistent quality,” Andritz said.

Apparel, Fashion, Retail

Indian Fashion Retailers’ Margins To Slip 120bps In FY’24

Textile Insights September 23, 2023

Fashion retailers will report 120 bps slip in margins mainly due to offering higher discounts and hike in advertisement spends, despite expectations of 13 percent revenue growth in fiscal 2024. An ICRA analysis also informed that the industry is poised to face this margin squeeze primarily due to amplified discounting and escalating expenditures on advertising […]

Cotton

China’s Economic Situation Worries US Cotton Stakeholders

Textile Insights September 23, 2023

China’s economic situation is a problem, with growth rates less than 5 percent, as against double digit growth rates in the pre-pandemic era, predominantly due to its manufacturing and exporting prowess. “The Chinese economic situation is not being helped by the housing crisis and high unemployment rates,” was one of the conclusions at a meeting […]

Technical Textile & Nonwoven

SRTEPC Presents Awards To Technical Textiles Exporters

Textile Insights September 23, 2023

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) gave away awards to felicitate its members exporting technical textiles. SRTEPC gave away around 24 awards to companies who have excelled in exports under different segments of technical textiles. Darshana Jardosh, Minister of State for Textiles, the chief guest presented the awards to the winners, while

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