News - Textile Insights - Page 536

Industry

Smuggling Of Textiles & Clothing Kill Nigerian Textile Sector

Textile Insights August 8, 2023

Smuggling of textiles and garments through Nigeria’s land borders, has led to the closure of over 150 textile companies in the last few decades. The closure of the Nigeria and Niger road border has left several trucks stranded on the border, which are carrying smuggled and cheap textiles This

Product Launch & Innovation

Devan’s R-Vital NTL Unlocks New Possibilities For Textile Manufacturers Globally

August 7, 2023

Devan, the global specialty chemicals developer based in Belgium now a part of Pulcra Chemicals since 2021, has announced a significant breakthrough with their R-Vital NTL technology. Achieving a remarkable durability of 50 washes, Devan’s bio-based and biodegradable well-being innovation is set to revolutionize the textile industry. R-Vital NTL empowers textile

Corporates

MAG Solvics Appoints Dhandayuthapani C., As New MD

August 7, 2023

MAG Solvics Pvt. Ltd. has announced the appointment of Dhandayuthapani Chidambaram as the new Managing Director. This strategic decision comes as MAG celebrates 32 years of unparalleled excellence and steadfast commitment to delivering top-notch products and services. Dhandayuthapani C., who has played a pivotal role as Director with a primary focus on sales &

Financial Results

Net Profit At Nandan Denim Plummets 89.8% in Q1FY’24

Textile Insights August 7, 2023

In the first quarter of fiscal 2024 ending June 30, 2023, net profit at Gujarat based Nandan Denim plummeted 89.8 percent to Rs 1.07 crores from Rs 10.5 crore in the same quarter of previous fiscal. In the reporting quarter, sales at one of the biggest Indian denim fabric manufacturer, was also down 28.90 percent […]

Export

European Union Garment Imports Climb 20.97% in 2022

Textile Insights August 7, 2023

In 2022, the European Union’s garment imports from the world climbed 20.97 percent to reach US $103.09 billion as against $85.23 billion in 2021 and which stood at $90.53 billion in 2018. Quoting EUROSTAT statistics, the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) said while, EU’s apparel imports from Bangladesh has grown at a CAGR […]

Industry

Pakistani Textile Industry On Ventilator Support

Textile Insights August 7, 2023

Difficulties in the Pakistani textile industry, which accounts for 60 percent of Pakistan’s overall exports has been seriously affected by multiple factors in the last few years. They include the Covid-19 pandemic, slowdown in orders from the US and the EU, rise in energy costs, critical state of the economy and months of political chaos […]

Machinery

Italian Company Biancalani Meets More Than 300 Buyers At ITMA

Textile Insights August 7, 2023

Italian textile finishing machinery manufacturer Biancalani met more than 300 buyers at ITMA 2023 and exhibited with the motto ‘We are open’. Potential and existing customers visited its stall from all over the world, and in order of interest the main countries were, India, Turkey, Pakistan, Brazil, Italy, Egypt and the United States. The company […]

Sustainability

New UN Report To Help Fashion Sector Reduce Carbon Footprint

Textile Insights August 7, 2023

The UN Climate Change’s Fashion Industry Charter for Climate Action has released two reports which aims to help the fashion industry reduce their carbon footprint. The two reports will help better understand on how to reduce greenhouse gas emissions from raw material extraction, production and processing, which for some companies is the most carbon-intensive part […]

Corporates

A.T.E. and Ramina S.r.l Partner to Elevate Indian Technical Textiles

August 7, 2023

Ramina S.r.l., an Italian company, is rapidly establishing itself as a leading manufacturer in the nonwoven industry, specializing in spunbond, meltblown, and composite lines. Renowned for excellence, Ramina offers top-notch equipment for individual machines and complete turnkey plants. Their diverse solutions cater to a wide range of applications, including hygiene

Industry

MoT Initiative To Provide Aadhar-Linked Pehchan Cards To Handicraft Artisans

August 6, 2023

In a significant move to empower and support handicraft artisans, the Office of Development Commissioner (Handicrafts), Ministry of Textiles (MoT), has launched a pioneering initiative to provide Aadhar-linked Pehchan cards to 31.14 lakh artisans across the country. The move aims to streamline the identification process and enable artisans to access various government

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