Financial Results

TMAS Joins ITMF As Associate Member, Enhancing Global Textile Machinery Collaboration

May 12, 2024

The Swedish Textile Machinery Association (TMAS) has recently become an Associate Member of the International Textile Manufacturers Federation (ITMF), further expanding ITMF’s role as a premier international forum for the global textile manufacturing value chain. With ITMF already

Industry

Signs Of Cautious Optimism In Textile Business Climate: ITMF

Textile Insights April 6, 2024

The latest International Textile Machinery Federation (ITMF) global textile industry survey conducted in March 2024 reveals a textile business climate with signs of cautious optimism amidst ongoing challenges. “Despite a slight recovery in the business environment from November 2023 to January 2024, the overall situation remained dire in March 2024, underscoring the

Event

ITMF & IAF Jointly Holding Annual Convention In Uzbekistan

Textile Insights March 14, 2024

The International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) are jointly holding their annual convention in Samarkand, Uzbekistan from 8-10 September. The joint annual conference is being organised in cooperation with the Uzbek Textile & Apparel Industry Association (Uztextileprom). “The theme of the convention is Innovation,

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 […]

Machinery

ITMF Starts Application Process For Its 2024 Awards

Textile Insights February 7, 2024

The International Textile Machinery Federation (ITMF) has announced yet another edition of the ITMF Awards for 2024 and has started the application process which has a deadline of April 30, 2024. There are three different categories like the ITMF Sustainability & Innovation Award 2024, ITMF International Cooperation Award 2024 and ITMF Start-up Award 2024. The […]

Machinery

Order Intake Has Begun Showing Recovery Signs: ITMF Report

Textile Insights February 6, 2024

The latest ITMF Global Textile Industry Survey (GTIS) conducted in January 2024 revealed that order intake began showing recovery signs, with notable increases across regions except East Asia, particularly in North & Central America and South America. The report informed that there has been a significant improvement in the business climate, signaling a potential

Corporates

Giltex Joins ITMF To Lead Textile Integration In South Caucasus

January 28, 2024

Giltex LLC, the sole vertically integrated company in Azerbaijan and the entire South Caucasus region, has joined International Textile Manufacturers Federation (ITMF). Christian Schindler, Director General of ITMF, expressed enthusiasm about Giltex joining ITMF, highlighting the global nature of the textile industry. He emphasized the significance of international

Industry

Huge Potential For India In Global Textile & Apparel Market

Textile Insights December 27, 2023

There is immense potential for India to tap into the global textile and apparel market. This was stated by KV Srinivasan, the newly elected President of the International Textile Manufacturers Federation (ITMF). While addressing a press conference, Srinivasan highlighted that global buyers are increasingly looking to diversify their sourcing away from China, thereby

Machinery

Short Staple Spindles Installed Globally Grows 0.88% In 2022

Textile Insights December 23, 2023

Short-staple spindles installed globally have grown from 225 million units in 2021 to 227 million units in 2022, up a marginal 0.88 percent Statistics released by the International Textile Manufacturer Federation (ITMF) also informed that the number of installed open-end rotors increased higher at 8.3 million in 2021 to 9.5 million in 2022 According to […]

Cotton

Wazir Advisors Joins ITMF for Global Textile Growth

December 13, 2023

In a significant move towards fostering international collaboration and industry growth, Wazir Advisors, a premier Indian management consulting firm, has announced its membership in the International Textile Manufacturers Federation (ITMF) as a corporate member. As a seasoned and highly networked player in the global textile and apparel industry, Wazir Advisors brings