Event

IBIA EXPO: Elevating The Turkish Mattress Industry To Global Heights

September 8, 2023

Contributing to the mattress production sector, which has a potential worth of 40 billion dollars and employs around 25 thousand people, the Turkish mattress industry holds the 14th position in the global production and export rankings. In the broader bed sub-industry sector in Turkey,

Home Textiles

Welpsun India Aims To Be Debt-Free In Fiscal 2025-26

Textile Insights September 6, 2023

Welspun India, a major manufacturer and which exports 90 percent of home textiles production, plans to be debt-free by 2025-end and 2026-beginning. This was informed by Dipali Goenka, the Joint Managing Director and CEO of Welspun India, who also informed about the company’s plan to invest Rs 300 crore in various initiatives. “Welspun India is […]

Home Textiles

Operating Profit Of Home Textile Sector To Improve 150-200bps

Textile Insights September 4, 2023

Operating profitability of the Indian home textiles sector will improve 150-200 basis points to 14.0-14.5 percent, due to lower raw material costs and better operating leverage. In a report, Crisil Ratings added that despite improvement in operating profitability, they will still hover below pre-pandemic levels. The ratings agency also said that revenues from the home […]

Financial Results

Astounding Leap In Welpsun India’s Q1FY’24 Net Profit

Textile Insights August 2, 2023

Net profit at Welspun India, a major producer and exporter of home textiles leaped an astounding 957.68 percent year on year in the first fiscal quarter ended June 30, 2023. In a BSE filing, Welsun said it clocked a net profit of Rs 155.48 crore in the previous quarter versus Rs 14.70 crore for the […]

Home Textiles

Trident bags European Patent For Air Rich Yarn & Fabric

Textile Insights July 24, 2023

Trident Ltd has been granted a European patent for “Process of Manufacturing a Fabric with Homogeneous Pores”. The present invention comprises a method of producing Air rich yarn and fabric with pores throughout the cross-section thereby producing Air Rich fabrics and yarns which have high wettability, easy dryablity, quick absorbency and increased thickness. “These

Home Textiles

Culp Launches New Wellness Home Textile Line

April 20, 2023

Just in time for spring furniture market, Culp, Inc. (“Culp”), one of the largest global marketers of upholstery fabrics for residential and commercial furniture, is launching “CULP powered by Nanobionic®,” a new wellness-focused upholstery fabric collection. Through the use of infrared technology, this innovative fabric line transforms furniture into a charging station