Cotton

Better Cotton Expands Egyptian Reach By Partnering CEA

Textile Insights July 25, 2023

Better Cotton and Cotton Egypt Association (CEA) have announced a new strategic partnership to expand the Better Cotton program in Egypt. This collaboration aims to further enhance the sustainability and quality of Egyptian cotton production while ensuring fair working conditions for farmers,

Corporates

Rieter Achieves 22% Sales Growth And Unveils Ambitious Performance Programme

Textile Insights July 20, 2023

Rieter has announced impressive financial results for the first half of 2023, demonstrating a robust recovery despite challenging market conditions. The company recorded a significant sales increase of 22.2% to CHF 758.2 million compared to the same period last year. The positive sales growth was accomplished despite the impact of the earthquake in Türkiye, which […]

Machinery

Indo Texnology Unveils Improved Version Of Bobbin Sorter

Textile Insights July 20, 2023

Indo Texnology which introduced Sortlink, India’s first cop sorter or bobbin sorter has launched a better and improved version of bobbin sorter called Sortlink Magic. “Sortlink Magic was introduced to resolve limitations and pain points faced by spinning mills in bobbin segregation with the Sortlink,” Indo Texnology said in a press release. Sortlink is an […]

Industry

Cotton Spinning Operating Margins Will Expand To 11.5-12.0% – ICRA

Textile Insights July 18, 2023

Operating margins for the Indian cotton spinning industry will expand 50-100 bps to 11.5-12.0 percent in the current fiscal ending March 2024, despite an expected 7 percent decline in revenues. Due to an improvement in orders from the downstream garment companies gearing up for Spring/Summer season of 2024 in the US and EU, demand is […]

Special Report

India’s Textile Machinery Trade Rises In FY2022-23

Textile Insights July 17, 2023

India’s textile machinery imports account for 83% and exports account for 17% share of total textile machinery trade  India’s textile machinery trade with the world totalled US$ 6129.10 million in FY2022-23. The textile machinery imports account for a major share of 83% of India’s total textile machinery trade, while exports account for the remaining 17% […]

Industry

Tamil Nadu MSME Spinning Mills To Stop Production From July 15

Textile Insights July 14, 2023

MSME spinning mills in Tamil Nadu have unanimously decided to stop production and sales of yarn from July 15, 2023, due to heavy losses suffered by the spinning industry. This decision was taken at an emergency meeting of MSME Spinning Mills Associations’ held on July 12. Members of the South India Spinners Association (SISPA) and […]

Machinery

Rimtex Group Redefines Spinning Innovations At ITMA 2023 With Transformative Technologies

Textile Insights July 13, 2023

The highly anticipated ITMA 2023 event held at Milan witnessed a remarkable display of innovation and excellence by Rimtex Group, a leading manufacturer of spinning cans, rings & travellers, castors & wheels and more. With a legacy built on quality and innovation, Rimtex showcased their latest international line-up, leaving industry stalwarts in awe and garnering

Industry

Rieter Selling No Longer Required Land In Winterthur

Textile Insights July 10, 2023

Switzerland headquartered and spinning machinery manufacturer Rieter AG, is selling the land, that is no longer required for operations at its Klosterstrasse plant in Winterthur, to Allreal also from Switzerland. Allreal will take over the land covering a total area of around 75,000 square metres at an agreed price of CHF 96 million, with the […]

Industry

ABB India Contributes To Growth Of TN Textile & Garment Sector

Textile Insights July 8, 2023

ABB India, a technology company said it is actively contributing to the sustainable growth of Tamil Nadu and that its energy-efficient motor and drive solutions are playing a pivotal role in driving the transition towards a greener and more sustainable future. In the textile industry, ABB has supplied over 3,000 energy-efficient motors and drives to […]

Machinery

Trützschler IDF 3 Can Changer Becomes Game Changer

Textile Insights July 5, 2023

The Can changer in the new Trützschler integrated draw frame IDF 3 has become a game changer, by offering accelerated Can change times and improved productivity, while also providing a range of innovative features that give customers even better quality, efficiency and handling. According to Trützschler, although there were some doubts when the IDF first […]