Corporates

Trident Investing Rs 1,450 Crores In Enhancing Capacity

Textile Insights December 14, 2023

Trident Ltd will invest an ambitious Rs. 1,450 crores for capacity expansion across its spinning, bath linen and chemical businesses. The Rajinder Gupta led company plans to add around 100,000 spindles and 42 looms at a cost of Rs. 1,350 crores, while Rs. 100 crores will be spent on expanding

Sustainability

Italian Yarn Producer Marchi & Fildi Reduces Water Use By 57%

Textile Insights November 27, 2023

Italian yarn manufacturer Marchi & Fildi, among various sustainable measures has been able to reduce water consumption by 57 percent in 2022 as against 2021 and waste water by 19 percent. In the sustainability report for 2022, the yarn manufacturer reported a drop of electric power consumption by 13 percent in 2022 over 2021 and […]

Machinery

Loptex Unveils New Solution For Detecting Cotton Contamination

Textile Insights November 16, 2023

Loptex has introduced a new Sorter Easy Link EXA for the detection and elimination of contamination in existing and new cotton blowroom lines. “It is a comprehensive and ideal solution for hand-picked highly contaminated cotton, which is one of the main concern of quality-oriented mills,” the Italian company said in a press release. Easy Link […]

Machinery

Saurer Technology Will Shape Future Of Textiles At ITMA Asia

Textile Insights November 9, 2023

The wide range of Saurer’s new machines and trendsetting ideas will once again shape the future of textiles at ITMA Asia in hall 8, stall 47 in Shanghai. Live exhibits on the booth include Autocard SC 7M, Zinser 51 ring spinning machine, BD 8 and Autocoro 11 rotor spinning machines, Autoairo air spinning machine, and […]

Cotton

2023-24 Global Cotton Reserves To Be Highest In 83 Years

Textile Insights November 8, 2023

The International Cotton Advisory Committee (ICAC) has forecast that global cotton reserves in the 2023-24 season will be the highest ever projected in the 83-year history of ICAC data collection. With global production in 2023-24 projected to increase by 3 percent to 25.41 million tons and consumption projected to decrease by 0.43 percent to 23.35 […]

Industry

Andhra Pradesh Mills Seek Govt Support To Tide Over Crisis

Textile Insights November 2, 2023

The Andhra Pradesh Textile Mills Association (APTMA) has sought the support of the state due to the critical situation facing the textile industry in the state. APTMA cited several challenges, including escalating cotton prices, dwindling yarn prices, surging power charges, and the post-COVID market imbalance all of which have severely impacted the industry’s financial

Machinery

Uster To Host Webinar On Raw Material Management

Textile Insights October 23, 2023

Raw material management is a high priority area for Uster and its clear from FiberQ, part of the new Uster 360Q suite of pioneering solutions. It’s also underlined by a second webinar scheduled for early November. The Uster ‘Think Quality’ approach makes FiberQ unique and it’s the central theme of the Uster raw material management […]

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 […]

Industry

SIMA Chairman Demands Evaluation Of New TN Energy Tariff

Textile Insights October 11, 2023

The apex body of spinners in South India, the Southern India Mills Association (SIMA) has urged the Tamil Nadu government to evaluate its policies related to energy supplied to the textile industry. “Tamil Nadu is most attractive destination for new investments mainly due to its energy policies relating to wind power, open access power, third […]

Cotton

CCI Unveils Cotton Bale Identification & Traceability System

Textile Insights October 9, 2023

To celebrate World Cotton Day, Cotton Corporation of India (CCI) launched the ‘Bale Identification and Traceability System’ (BITS) using Blockchain Technology at a conference on cotton. CCI has launched BITS to ensure that the quality, variety, origin, and other vital parameters of cotton are transparent to both Indian and international buyers. Each cotton bale now […]