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Financial Results

Q1FY’24 Net Profit At Garware Technical Fibres Surges 52%

Textile Insights August 17, 2023

Net profit in the first fiscal quarter ending June 30, 2023 at Garware Technical Fibres surged 52 percent to Rs 43 crore as against Rs 28.2o crore in the corresponding period of fiscal 2023. Net sales of the ISO 14001:2015 and ISO 9001:2015 certified company increased 7 percent year on year to

Industry

Kenya Seeks To Rebuild Textile & Garment Sector

Textile Insights August 17, 2023

Attendees at a Kenyan textile seminar were told that the government is keen to rebuild the cotton textile and garment sector and thereby take advantage of the AGOA act, which ensures quota free and duty free access to US markets. This was conveyed by Kenya’s Cabinet Secretary for Investments, Trade and Industry Moses Kuria who […]

Event

ITME Africa & Middle East 2023 Kicks-Off From Nov 30

Textile Insights August 16, 2023

India ITME Society will organise the ‘ITME Africa & Middle East 2023’ exhibition in Nairobi, Kenya from November 30 to December 2, 2023, in which exhibitors from 18 countries will converge. The exhibition will see participation from textile machinery manufacturers from India, Turkey, Taiwan, Italy, Benin, Ghana, Kenya, Austria, Zambia, Sri Lanka, Germany, Rwanda,

Corporates

Trützschler And Balkan Partner For Eco-Friendly Textile Recycling Solutions

August 16, 2023

The collaboration between Trützschler Group and Balkan Textile Machinery, INC.CO has culminated in a comprehensive product portfolio for recycling, solidifying their status as pioneers in spinning preparation for recycling. This alliance leverages their combined machinery expertise and technological acumen, empowering customers to produce yarns of unparalleled quality

Tete-A-Tete

WTT Only Supplier Of Single Skid RO With 97% Water Recovery

Textile Insights August 16, 2023

Tirupur headquartered WTT International, a pioneer in manufacturing Zero Liquid Discharge (ZLD) technology, has evolved as the only player, to provide highest water recovery of up to 97 percent, with a single skid Reverse Osmosis (RO), as against its competitors offering multiple skids of RO. Due to the single skid RO, WTT customers are benefited […]

Export

Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

Textile Insights August 16, 2023

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter amid stronger demand prospects, which are expected to drive cotton consumption higher. This was informed in the latest United States Department of Agriculture (USDA) report, which also forecast Bangladesh cotton consumption to grow by 800,000 bales to 8.0 million bales in 2023-24. […]

Cotton

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Textile Insights August 16, 2023

In its latest report, the Cotton Association of India (CAI) has retained its cotton crop estimate for the 2022-23 season at 311.18 lakh bales of 170 kgs each. The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, […]

Export

Bangladesh Manages To Double US Garment Exports In Five Years

Textile Insights August 16, 2023

Bangladesh has managed to double its garment exports to the US, which is its largest market over the last five years and in 2022 touched US $9.75 billion. “In the same five-year period, US imports of apparels rose 28 percent to reach almost $100 billion,” figures from the Office of Textile and Apparels (OTEXA) revealed […]

Sustainability

Spinnova Bags Grant To Further Develop Fibre Refining Process

Textile Insights August 16, 2023

Spinnova which has developed technology for making textile fibre out of wood or waste, such as leather, textile or agricultural waste has received a grant of €1.9 million for R&D work. Spinnova has received the grant from Business Finland for the period 2023 to 2025. The grant amount represents 50 percent of the project’s total […]

Financial Results

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

Textile Insights August 16, 2023

In the first fiscal quarter ending June 30, 2023, consolidated revenues at Grasim Industries rose 11 percent from a year ago quarter to Rs 31,065. In the reporting quarter, consolidated EBITDA at the Aditya Birla Group company totaled Rs 4,981 crore, up 11 percent against first quarter of fiscal 2023. Profit after tax fell 18 […]

Q1FY’24 Net Profit At Garware Technical Fibres Surges 52%

Kenya Seeks To Rebuild Textile & Garment Sector

ITME Africa & Middle East 2023 Kicks-Off From Nov 30

Trützschler And Balkan Partner For Eco-Friendly Textile Recycling Solutions

WTT Only Supplier Of Single Skid RO With 97% Water Recovery

Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Bangladesh Manages To Double US Garment Exports In Five Years

Spinnova Bags Grant To Further Develop Fibre Refining Process

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

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