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Bangla Garment Exports Rise 5.44% in Jan-May 2023

Textile Insights June 28, 2023

Bangladesh garment exports in the first five months of 2023 rose 5.44 percent year on year to touch US $19.63 billion. However, clothing shipments to EU grew slower at 2.98 percent from a year ago, during the same period and reached $9.71 billion. “While exports to Italy, Spain and France grew

Tete-A-Tete

Buyer Numbers Exceed Expectations At MAG Solvics ITMA Stall

Textile Insights June 27, 2023

The number of buyers exceeded expectations at ITMA 2023, for India headquartered MAG Solvics, which manufactures testing instruments for the entire textile value chain. And although global textile markets are not so supportive, the company is happy with its participation at the exhibition. “We had an excellent number of buyers visiting our stall and they […]

Industry

India Actively Considering CEPAs & FTAs – Piyush Goyal

Textile Insights June 27, 2023

Piyush Goyal, Union Minister of Textiles informed that India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. He said that these agreements aim to enhance the market size and facilitate exporters and by entering into these agreements, India aims to tap into new markets,

Event

TAI Organising Seminar On Innovations @ ITMA

Textile Insights June 27, 2023

The Mumbai branch of Textile Association (India) and VJTI are jointly organising a half-day seminar on Innovations @ ITMA 2023 on July 7, from 2 to 5 PM at the VJTI campus. Ketan Sanghvi, Honorary Treasurer at India ITME society is the Chief Guest, while speakers include N. D. Mhatre, DG (Technical) at ITAMMA, Navin […]

Technical Textile & Nonwoven

Infra.Market Acquires Majority Stake In Strata Geosystems

Textile Insights June 27, 2023

Infra.Market, a Tiger Global backed business-to-business construction material company, will acquire a majority ownership in Strata Geosystems, for Rs 910 crore from US-based Glen Raven Technical Fabrics. Strata Geosystems was one of the early Indian investors in geotextiles, which address needs of the infrastructure sector like retaining walls, reinforced soil slopes and

Industry

Unspun Secures Funding For 3D Sustainable Weaving Technology

Textile Insights June 27, 2023

California and USA based textile and garment innovator Unspun has raised US $14 million in a first round of funding. The funding has been raised to particularly support Vega, its 3D sustainable weaving technology. The funding led by Lowercarbon Capital will help expanding Unspun’s production facilities for the 3D technology. According to Unspun, Vega technology […]

Machinery

Karl Mayer Delighted With Positive Experience At ITMA

Textile Insights June 27, 2023

The Karl Mayer Group said it is fully delighted with its experience at ITMA 2023. Under the tag line of ‘Master the Change – profitable, flexible, sustainable’, Karl Mayer displayed solutions and innovations in a stall area of 1,350 square metres. The group exhibited eleven machines from all its business units, along with numerous innovative, […]

Dyes & Chemicals

New Sustainable Archroma Cotton Fabric Processing Solution

Textile Insights June 26, 2023

Archroma, a producer of sustainable specialty chemicals and Somelos, a Portuguese vertically integrated textile group, have joined hands to develop a new sustainable cotton fabric processing process, with a new water-saving dyeing and finishing process that generates no wastewater. As is well known, conventional cotton fabric dyeing and finishing requires substantial water

Technical Textile & Nonwoven

DiloGroup ITMA Stall Witnesses Stream Of Visitors

Textile Insights June 26, 2023

Germany based DiloGroup, which showed a complete line of the ‘MicroPunch’ nonwovens technology, beginning from bale opening to end-of- line winding, witnessed a stream of visitors at its ITMA stall. DiliGroup has earlier participated this year at INDEX exhibition, where visitors were acquainted with the features of the high speed lightweight needling machine offering

Fibre

BGMEA President Invites Indian Investments In MMF Sector

Textile Insights June 26, 2023

President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan invited investors from India and other Asian countries to explore opportunities in the manmade fibre industry. Faruque Hassan said the Bangladesh textile industry does not produce enough manmade fibres like spandex, rayon, viscose, etc and there is also a shortfall of 60

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