Corporates

Lenzing To Close Austria And UK Plants, Cut Workforce By 25% Under Restructuring Plan

Textile Insights July 30, 2026

Austria-based fibre manufacturer Lenzing Group has announced a major restructuring programme that includes the closure of two production facilities, a workforce reduction of around 25 percent and fresh financing measures aimed at strengthening its financial position. The company said it plans

Policies

India-EU FTA On Track For December Signing

Textile Insights June 21, 2026

India’s textile and apparel industry could be among the biggest beneficiaries of the proposed India-European Union Free Trade Agreement (FTA), which is expected to be signed by December 2026 and come into effect by February-March 2027. Announcing the timeline during an interaction with chartered accountants in Mumbai, Union Commerce and Industry Minister Piyush Goyal

Industry

Tamil Nadu To Review Textile Industry Demands, Says Minister R. Gandhi

Textile Insights October 14, 2025

Tamil Nadu Minister for Handlooms and Textiles R. Gandhi assured the textile and apparel industry that the state government will carefully examine all their demands and suggestions to strengthen the sector. Addressing a meeting with industry stakeholders in Coimbatore on Wednesday, the minister said Chief Minister M.K. Stalin accords high priority to the textile and […]

Corporates

Rieter Names Emmanuelle Gmür As CHRO And Executive Committee Member

Textile Insights December 11, 2024

The Board of Directors of Rieter Holding Ltd. has announced the appointment of Emmanuelle Gmür as Chief Human Resources Officer (CHRO) and Member of the Group Executive Committee, effective January 1, 2025. Gmür succeeds Tom Ban, who is pursuing opportunities outside Rieter. Gmür brings extensive international experience in human resources, strategic leadership,

Textile Print

Koton Kraft Elevates Custom Textile Printing With Epson ML-8000

Textile Insights October 9, 2024

Koton Kraft, known for providing high-quality printed homewares to Australian small businesses and artists, has taken a bold step forward by integrating the award-winning Epson Monna Lisa ML-8000 direct-to-fabric printer into their operations. This move is set to revolutionize their offerings, enabling them to deliver exquisite textile and paper giftware ranges faster and

Corporates

Alok Industries Appoints Biji Chacko AS COO

Textile Insights September 19, 2024

On September 18, 2024, Alok Industries Limited’s Board of Directors, following the recommendation of the Nomination and Remuneration Committee, appointed Biji Chacko as Chief Operating Officer (COO) with immediate effective. Chacko, who joins as a Senior Management Personnel, brings 27 years of extensive experience in the textile industry. His background includes expertise

Fibre

Polyester – The Magical Fiber

Textile Insights September 10, 2024

Polyester is the most ubiquitous fiber in textiles, serving as a staple in everything from couture to fast fashion, sportswear to high-tech garments, and bedding to home furnishings. Its unique properties make it suitable both as a standalone fiber and in blends with natural or other fibers. Globally, polyester is projected to grow at the […]

Financial Results

Arvind Ltd Announces Robust Q1 FY25 Results Despite Setbacks

Textile Insights July 30, 2024

Arvind Limited today reported its financial results for Q1 FY25, demonstrating resilience despite external challenges. Key Financials: Revenue: Rs 1,831 Cr (YoY Change: -1%) EBITDA: Rs 150 Cr (YoY Change: -17%; Margin: 8.2%) PAT: Rs 39 Cr (YoY Change: -40%) The financial performance was notably impacted by the National general election and an illegal workers’ […]

Industry

MP Opens Industry Office In Coimbatore to Boost Trade Ties Between MP And TN

Textile Insights July 29, 2024

Madhya Pradesh Chief Minister Dr Mohan Yadav announced the establishment of a Madhya Pradesh industry office in Coimbatore, Tamil Nadu, to enhance investment and strengthen trade ties between the two states. Addressing the ‘Invest MP-Interactive Session’ in Coimbatore, Dr Yadav emphasized the objective of the Investors Summit: fostering inter-state cooperation

Financial Results

Sportking India Q1 FY25: Revenue Up 17.7%, PAT Jumps 75%

Textile Insights July 22, 2024

Sportking India Limited, a leading textile company in India, has announced strong financial results for Q1 FY25, ending 30th June 2024. The company reported a revenue of Rs. 634.0 crores, reflecting a 17.7% year-over-year (YoY) increase and a 3.7% rise quarter-over-quarter (QoQ). EBITDA surged by 48.3% YoY to Rs. 73.8 crores, with the EBITDA margin […]