News - Textile Insights

Corporates

Welspun Selects dentsu X As Media Partner To Elevate Brand Strategy

September 17, 2023

Welspun, a global home textiles leader, has selected dentsu X, the data and tech-driven agency from dentsu India, as its media partner. This decision follows a rigorous multi-agency pitch and will be managed from dentsu X’s Mumbai office. Under this partnership, dentsu X will leverage its

Event

Atul Ltd Wins ‘Best Procurement Excellence’ Award

September 17, 2023

Atul Ltd has been awarded the “Best Procurement Excellence” accolade at the 15th ELSC (Express Logistics & Supply Chain) Awards held in Mumbai on September 14, 2023. The honour acknowledges the company’s unwavering commitment to excellence in procurement and is a testimony to the outstanding efforts of its dedicated commercial team. Their relentless

Corporates

Elvaston Capital Integrates Datatex & Setex Into Holding Company

Textile Insights September 16, 2023

Elvaston Capital which acquired majority stakes in Datatex and Setex has integrated these two companies into a holding company, Textile Solutions Group, which will specialise in IT solutions for the textile sector. The holding company will expand with new acquisitions, to become a benchmark and standard for digital solutions by fully integrating all manufacturing and […]

Machinery

Trützschler China Celebrates Delivery Of 10,000 Carding Machines

Textile Insights September 16, 2023

The Trützschler Group’s wholly-owned subsidiary in China, Trützschler Textile Machinery (Shanghai) (TTMS) celebrated the landmark of delivering its 10,000th carding machine. The 10,000th carding machine was officially handed over to representatives from the world’s largest producer of cellulose yarn, Suzhou Zhenlun Textile. “As Trützschler’s largest customer in the Chinese

Technical Textile & Nonwoven

Cinte Techtextil China Returns With 27.9% More Exhibitors

Textile Insights September 16, 2023

Cinte Techtextil China’s first edition, since pandemic measures have been eased will see a surge of 27.9 percent in exhibitor numbers. The exhibition will be held from September 19-21, 2023 across 40,000 sq. metres space at the Shanghai New International Expo Centre. The fair will be have a new zone which will comprise of multiple […]

Machinery

Uzbek Textile Delegation Visits Mayer & Cie Plant

Textile Insights September 16, 2023

A 20 member strong textile delegation from Uzbekistan visit the plant of German circular knitting machines manufacturer Mayer & Cie located in Albstadt. German-Uzbek Textile Partners (GUZ Partner) and Uzbekistan Textile and Garment Industry Association came to attend a business forum in Baden-Württemberg. “The aim was to make new contacts in order to establish

Apparel, Fashion, Retail

Louis Philippe Premieres in Dubai’s Fashion Scene

September 15, 2023

Louis Philippe has announced its debut in the Middle East with the grand opening of its latest outlet in the U.A.E. This momentous occasion marks the beginning of Louis Philippe’s strategic expansion into the vibrant Middle Eastern fashion landscape, aiming to make its world-class products accessible to discerning consumers worldwide. Louis Philippe, an iconic

Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between January and June […]

Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast

Technical Textile & Nonwoven

India Emerging As Force To Reckon With In Medical Textiles

Textile Insights September 15, 2023

From being a non-producer of Covid Grade Personal Protective Equipment (PPE), India rose to become world’s second largest producer and exporter of PPEs and N-95 masks in a period of just six months during Covid times. This was stated by Textiles Minister of State Darshana Jardosh at Meditex 2023, a conference on scope and opportunities […]

Welspun Selects dentsu X As Media Partner To Elevate Brand Strategy

Atul Ltd Wins ‘Best Procurement Excellence’ Award

Elvaston Capital Integrates Datatex & Setex Into Holding Company

Trützschler China Celebrates Delivery Of 10,000 Carding Machines

Cinte Techtextil China Returns With 27.9% More Exhibitors

Uzbek Textile Delegation Visits Mayer & Cie Plant

Louis Philippe Premieres in Dubai’s Fashion Scene

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Lenzing Group Revises EBITDA Downwards For 2023

India Emerging As Force To Reckon With In Medical Textiles

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