Corporates

NILIT And Shenma Industry Form Strategic JV In China

April 21, 2024

NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership

Corporates

Trident Group Celebrating Mission Day in Honour of Workforce

Textile Insights April 16, 2024

The Trident Group with a mission to fostering an inclusive and empowering workplace for its employees commemorated its foundational milestone, Mission Day on April 15 in Sanghera and on April 18 in Budhni. “Mission Day holds a special place in Trident’s calendar as it serves as a moment to recognise and appreciate the relentless dedication […]

Sustainability

Trident Commissions World’s Fifth Largest Solar Project

Textile Insights March 23, 2024

Gensol Engineering has commissioned a 10.6 MW rooftop solar project for Trident Ltd. in Madhya Pradesh, which ranks among the top five biggest rooftop solar ventures globally. Gensol Engineering Ltd is a leading player in solar power EPC services and electric mobility and the solar rooftop project exceeds 70,000 square metres. “This project marks a […]

Economy

Domestic T&A Industry Likely To Turn Around On Global Demand Revival

March 10, 2024

The last ITMF Global Textile Industry Survey (GTIS) was conducted in January 2024. It revealed a significant improvement in the business climate, signaling a potential turning point driven by lower inflation rates, increased real wages and consumer sentiment in the USA, alongside expectations of interest rate cuts. Business expectations for July 2024 reached a peak […]

Home Textiles

Bangladesh Home Textile Exports Report Growth After 18 Months

Textile Insights March 5, 2024

Bangladesh reported an increase in home textile exports in February 2024 after a period of 18 months or since September 2022, according to data from the Export Promotion Bureau (EPB). The South Asian country exported home textiles products amounting to US $84.61 million, up 9.9 percent as against $77 million in February 2023 “Home textile […]

Corporates

Indo Count Industries Inks Strategic Partnership With Accenture

Textile Insights February 29, 2024

Home textile manufacturer and exporter Indo Count Industries has inked a strategic and long-term partnership with Accenture, a global leader in digital transformation and technology services. “This collaboration marks a pivotal moment in Indo Count’s commitment to redefining and enhancing its business operations through cutting-edge digital technologies,” the company said

Corporates

HeiQ Names Julien Born CEO For Climate-Positive Fibre Venture

February 18, 2024

HeiQ has announced the appointment of Julien Born as the CEO of HeiQ AeoniQ Holding, an independent subsidiary established to attract investors and value-chain partners. With an ambitious multi-year plan to scale up the world’s first climate-positive cellulosic filament fibre, this move signals a significant step forward. Bringing with him unique executive leadership

Economy

250 Exhibitors Participating At Intertextile Home Textiles

Textile Insights February 16, 2024

Over 250 exhibitors from seven countries and regions have booked their booths for the Spring Edition of Intertextile Shanghai Home Textiles taking place from March 6-8 in Shanghai. “Synchronising with China’s peak sourcing season, the upcoming show will cater to the diverse needs of buyers seeking the newest solutions to spring the home textiles industry […]

Home Textiles

Bangladeshi Home Textile Exports Starting To Lose Lustre

Textile Insights February 10, 2024

Bangladeshi home textile exports have started losing luster since fiscal 2022-23 when they declined 32.47 percent over fiscal 2021-22, which had grown even in the Covid-19 pandemic years The country’s home textile overseas shipments crossed the psychological US $1-billion mark in fiscal 2020-21, thereby recording a staggering growth of 49.17 percent over the earlier

Financial Results

Welspun Living Revenue Up 19% Between April & December

Textile Insights February 8, 2024

In the first nine months of fiscal ending March 31, 2024, total revenue at home textiles producer and exporter Welpsun Living reached Rs 72,084 million, up an impressive 19.7 percent year on year. “The flagship brand, ‘Welspun,’ maintains its position as the most widely distributed home textile brand in India with a presence across 600 […]