Industry

Beximco Shutdown In Bangladesh Benefits Indian Textile Firms

Textile Insights December 9, 2024

Bangladesh’s largest textile industrial park, Beximco, has been significantly impacted as approximately 170 top textile factories, including 23 owned by Beximco itself, have been forced to shut down due to a severe liquidity crisis and difficulties in securing letters of credit (LCs) for raw

Industry

Vietnam’s Textile Industry: Recovery Amid New Challenges

Textile Insights September 26, 2024

Vietnam’s textile and garment industry is seeing a strong recovery, with export turnover reaching US$ 4.3 billion in August and USD 28.3 billion in the first eight months of 2023, a 6.2% year-on-year rise, according to VITAS. VITAS Chairman Vũ Đức Giang highlighted that the surge in orders, driven by global disruptions like the US-China […]

Event

ITMF & IAF Convention 2024 To Be Held In Samarkand, Uzbekistan

June 30, 2024

The International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) are set to host their annual convention in Samarkand, Uzbekistan, from September 8th to 10th, 2024. This prestigious event promises a comprehensive programme that will highlight the latest developments shaping the textile-apparel industrial complex. Experts from across

Financial Results

Page Industries Reports Strong Q4 Profit Boost, Up 38.1% YoY

May 24, 2024

Page Industries Limited, India’s leading apparel manufacturer, announced its financial results for the fourth quarter and the annual year ended March 31, 2024. In Q4 FY24, Page Industries achieved notable financial milestones. Sales volume grew by 6.1% year-over-year (YoY), reaching 45.3 million pieces. Revenue increased by 3.2% YoY to Rs. 9,954 million. EBITDA rose

Corporates

FENC Leads In Sustainable Polyester Industry Expansion

May 5, 2024

Far Eastern New Century (FENC) is leading the global sustainable recycled polyester industry. With the world’s largest production of food-grade recycled polyester, FENC oversees a seamlessly integrated production and sales system spanning from recycled feedstock to end product applications. Through its vast recycling capacity, FENC recycles over 22 billion

Corporates

Albany International Announces Cessation Of Manufacturing Operations In South Korea

April 21, 2024

Albany International Korea, Inc., a subsidiary of Albany International Corp., has announced its decision to cease manufacturing operations at its facility in Chungju, South Korea, and relocate production to other Albany International manufacturing facilities. This strategic move is aimed at optimizing forming fabric capacity to better meet local market demand and serve the

Corporates

YKK Japan Shifts Global Operations Headquarter To Vietnam

Textile Insights April 1, 2024

The world’s biggest apparel and luggage zipper manufacturer YKK has shifted its global operations headquarters from Japan to Vietnam. YKK has been operating in Vietnam since 1998 through its subsidiary named YKK Vietnam, with its first factory located in Dong Nai and set up its second plant in 2018. “In the past 26 years, YKK’s […]

Industry

Organisations Must Balance Data Security And Privacy With Broader Objectives Of Business

February 13, 2024

As 2024 unfolds, organizational leaders, from the CEO down to the manager, have much on their plates. They are contending with diverse challenges to achieving sustained growth, navigating the impact and risks of emerging technology and attracting and retaining talent, to name just a few. For their part, Chief Information Security Officers (CISOs) are increasingly […]

Industry

Sun Chemical Addresses Global Freight Challenges Amid Red Sea Crisis

February 13, 2024

In response to the ongoing geopolitical instabilities affecting maritime transportation through the Suez Canal and Red Sea, Sun Chemical has announced the implementation of selected freight surcharges on a global scale. Since November, the region has experienced severe disruptions, impacting approximately 30% of the world’s container trade. Delays and rerouting

Corporates

Renewcell Secures SEK 100 Million In Short-Term Financing

December 24, 2023

Renewcell AB has successfully addressed its short-term liquidity needs through strategic financial arrangements. The company secured two short-term loans totaling SEK 100 million from major shareholders, H&M Fashion AB and Girincubator AB, as well as existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp, and AB Svensk Exportkredit. Of the total