Cotton

TASMA Urges CCI to Maintain Cotton Supplies

Textile Insights June 26, 2024

The Tamil Nadu Spinning Mills Association (TASMA) has appealed to the Cotton Corporation of India (CCI) not to divert unsold cotton stocks to traders. In a letter reported by The Hindu, TASMA President AP Appukutti emphasized the resurgence of spinning mills due to increased garment orders and

Policies

Indonesia Imposes Import, Anti-Dumping Duties on Textiles Amid Industry Downturn

Textile Insights June 26, 2024

President Joko Widodo’s government has decided to impose safeguard import duties and anti-dumping measures on textiles, responding to severe challenges in the domestic industry. This move comes after reports of numerous closures of textile companies, resulting in approximately 150,000 job losses. Trade Minister Zulkifli Hasan announced the decision following a

Corporates

UMPESL & Draft-Air Partner To Strengthen Business In India

Textile Insights June 19, 2024

Universal MEP Projects & Engineering Services Limited (UMPESL), a 100% wholly owned subsidiary of Voltas Limited, a TATA Enterprise, announced that it has entered into an agreement for the marketing and sales of humidification plants from the reputed Indian manufacturer, Draft-Air India Pvt. Ltd. This cooperation is expected to strengthen both UMPESL’s and Draft-Air’s

Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

Textile Insights June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

Machinery

Sedo Treepoint Upgrades Kudu Knit’s Ludhiana Plant With Digital Solutions

Textile Insights June 16, 2024

Sedo Treepoint has announced the successful completion of a significant project for Kudu Knit Process Pvt. Ltd., at their fabric dyeing plant in Ludhiana, India. Kudu Knit, renowned in India’s textile industry for its advanced technological infrastructure and operational excellence, partnered with Sedo to enhance their manufacturing capabilities and digital

Corporates

Bluesign Achieves Milestone With 25,000 Chemical Products In Finder

Textile Insights June 16, 2024

Bluesign Technologies has achieved a significant milestone by listing 25,000 chemical products in its esteemed bluesign® FINDER. Each product listed in the bluesign® FINDER is bluesign® APPROVED, signifying adherence to rigorous standards of sustainable chemistry and compliance with Restricted Substances List (RSL) requirements. This commitment ensures cleaner production

Corporates

Suzano S/A Acquires 15% Stake In Lenzing Group

Textile Insights June 14, 2024

Lenzing Group, a leading supplier of regenerated cellulose fibers, announced a significant development: its main shareholder, B&C Group, has signed a long-term partnership with Brazilian pulp producer Suzano S/A. Under this agreement, Suzano S/A will acquire a 15 percent stake in Lenzing AG from B&C Group. Suzano, headquartered in Sao Paulo and recognized as the

Tete-A-Tete

‘Vahdet Machines Have Removed Almost All Human Errors’, Says Muhammet Sahin

Textile Insights June 14, 2024

Vahdet Group is known for its 36 years of experience in circular knitting machine spare parts. Vahdet has ventured into manufacturing its own machines over the past three years, emphasizing European quality standards. In a recent conversation, Muhammet Mustafa Sahin, Project Engineer at Vahdet Tekstil Makina, dwelt on the remarkable advancements and strategic growth of

Tete-A-Tete

Efficiency, Sustainability & Innovation Drives Trützschler’s Vision, Says Dr. Bettina Temath

Textile Insights June 11, 2024

Trützschler Group, a market leader in spinning technology, continues to push the boundaries of innovation to meet the evolving needs of the textile industry. In an exclusive chat with Textile Insights, Dr. Bettina Temath, Head of Global Marketing at Trützschler Group SE, sheds light on the latest innovation showcased at ITM 2024 and their implications […]

Financial Results

Siyaram Silk Mills Resilient In Q4FY24 Despite Challenges

Textile Insights May 15, 2024

Textile Giant Expands Retail Footprint, Announces Dividend Siyaram Silk Mills Ltd., a leading producer of high-fashion textiles, has released its financial results for the fourth quarter and fiscal year ending March 31, 2024. Despite facing challenges in consumer demand and market conditions, the company has reported a steady performance. In Q4FY24, Siyaram Silk Mills