News - Textile Insights - Page 540

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

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 […]

Export

Global Textile Sector In Need Of Demand Revival

Textile Insights July 31, 2023

As the economy is expected to rebound in the United States followed by Europe, global textiles industry is in the need of demand revival. The past eighteen months has witnessed rocky economic climate showing anomalies such as high inflation, strong labour market and weak consumer demand. The textiles sector in India has been hit hard […]

Technical Textile & Nonwoven

Performance Textiles Should Turn To Plant Based Raw Materials

Textile Insights July 31, 2023

Odour control technologies have emerged as a key solution for preventing the development of unpleasant smells and maintaining freshness in textiles and clothing. However, there are growing concerns about the adverse effects of odour control technologies on the environment and human health and these are posing a threat to the future prospects of the anti-odour […]

Fabric

Lankan Garment Manufacturer To Increase Sourcing From India

Textile Insights July 31, 2023

Sri Lanka based garment manufacturer Aitken Spence is planning to expand its apparel business by increasing sourcing from India. Aitken Spence Apparel, a wholly-owned subsidiary of Aitken Spence, is currently the sourcing, designing and tailoring partner for Reliance Industries’ (RIL’s) Gap business in India. RIL is the India franchise for Gap, an American clothing and

Industry

Surat Supplying One Crore Flags Ahead Of Independence Day

Textile Insights July 31, 2023

The Surat textile industry has received an order to supply one crore Indian flags for Independence Day celebrations across the country. “The tricolour flag will be made from polyester blended with satin fabric, which will have a shiny look and last longer,” ToI reported. The entire process from weaving, printing, cutting to stitching will be […]

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