Corporates

Vardhman Investing Rs 2,000cr in Modernisation & Expansion

Textile Insights May 21, 2024

Ludhiana based Vardhman Textiles is modernising and expanding its existing spinning and fabric operations at a substantial capital outlay of around Rs 2,000 crore. Additionally, the company will also foray and invest in technical textiles, targeting a production output of 15 lakh meters of

Financial Results

Vardhman Textiles Net Profit Soars 26% In Q4 Of Fiscal 2024

Textile Insights May 14, 2024

Net profit at Ludhiana based Vardhman Textiles soared 26 percent to Rs 201 crore in the fourth quarter ended March 31, compared to Rs 159 crore in the comparable period of earlier fiscal. Revenue in the January to March 2024 period dropped marginally by one percent to Rs 2,459 crore, as against Rs 2,485 crore […]

Fibre

Aramina: A Better Substitute For Jute Fibres

May 10, 2024

Aramina are long fibres obtained from the stems of the mallow plant, Urena Lobata, which is native to Brazil. Aramina fibres are used for cords, twine and burlap fabrics. This invasive plant was classified as a noxious weed in the U.S. in 1999. A bast fibre belonging to the botanical family Malvaceae, a common, perennial grass […]

Financial Results

Himatsingka Sees Positive Growth In Q3 FY24 With 35.3% EBITDA Surge

February 4, 2024

In the quarter ended December 31, 2023, Himatsingka, a leading textile manufacturer, reported consolidated financial highlights showcasing both challenges and triumphs. The company’s consolidated total Income decreased by 3.3% YoY to Rs 725.10 crore compared to Rs 750.04 crore in Q3 FY23. EBITDA witnessed robust growth, surging by 35.3% to Rs 158.39 crore from Rs

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

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 […]

Tete-A-Tete

Indo Texnology’s ‘Auto Cone Pack’ System A True Trailblazer

Textile Insights September 13, 2023

Indo Texnology, a forerunner in conceiving and delivering innovative solutions for textile mills, has become a pioneer in automatic cone packing and cone inspection using camera vision – artificial intelligence. The Auto Cone Pack System takes care of cone weighing, cone inspection, polythene wrapping for individual cones, and packing into the required formats i.e.,

Industry

Savio Empowers Textile Innovation With Lybra Smartspinner Training At Pordenone

August 13, 2023

Savio, a frontrunner in textile machinery for the yarn finishing segment, has recently conducted an immersive training course at its headquarters in Pordenone, Italy. The training was focused on their airjet spinning machine, the Lybra Smartspinner. Bringing together a dynamic consortium of expertise, the training included Savio’s dedicated sales and after-sales

Cotton

Textiles Ministry Defers QCO On Cotton By 90 days

Textile Insights August 11, 2023

The Ministry of Textiles issued a notification in which the government has postponed the implementation of the Quality Control Order (QCO) on cotton for three months. The QCO which applies to ginned cotton and unprocessed or also called kapas, will now be implemented from November 27, as stakeholders in the cotton and textile industry had […]

Machinery

“Prisma Best Yarn Clearer To Detect Basic Faults” – Loepfe

Textile Insights August 3, 2023

Optical Yarn Clearer manufacturer Loepfe said its Prisma simultaneous dual measurement is the most effective medium to detect basic faults in yarn quality control. Prisma provides spinning mills with the best yarn quality, splice cycles and energy consumption and its optical infrared and mass sensors work in harmony, combining the two outputs into one signal. […]