Machinery

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Textile Insights January 29, 2024

The global textile machinery market which was valued at US $29 billion in 2023 is expected to grow at a CAGR of 6.1 percent and touch $52 billion by 2033. According to a Fact.MR report, among all textile machinery sales, those of spinning machines are projected to grow at a CAGR of 4.6 percent

Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year, while sales at the Business […]

Event

ITMA Asia Opens Its Doors On Nov 19 With 1,500 Exhibitors

Textile Insights November 20, 2023

The eighth edition of ITMA ASIA + CITME exhibition, opened its doors on November 19 at the National Exhibition and Convention Centre in Shanghai. The exhibition is being held on 160,000 square metres space and occupies six halls at the venue and features exhibits from 18 product sectors of the entire textile manufacturing value chain. […]

Financial Results

Rieter Sales Increase 11% In First Nine Months Of 2023

Textile Insights October 20, 2023

Rieter’s cumulative sales in the first nine months of 2023 amounted to CHF 1092.9 million, up 11 percent, as compared to CHF 987.4 million in the same period of 2022. “In particular, supply bottlenecks eased slightly, which allowed more machines to be delivered than in the same period last year,” Rieter observed in the press […]

Sustainability

Sustainability In Textiles: Fast Fashion Vs Slow Fashion

August 11, 2023

Murugan Santhanam “Why do we face such a sluggish market?” Today, this is the million-dollar question for all the stakeholders in the textile industry. You would never miss a single textile industry person asking the above question first before moving on to the usual conversation. I, too, have been asked this question myself by various […]