Industry

Germany Top Destination For FDI In Greenfield Textile Projects

Textile Insights November 20, 2023

According to a GlobalData report, Germany is the leading destination market for foreign direct investment (FDI) in greenfield textiles, while the US is the top source for FDI. Between 2019 and 2022, the textiles sector was the eighteenth largest FDI sector in terms of the number of greenfield

Corporates

Datatex Strengthens Presence In Indian & Pakistani Textile Markets

November 5, 2023

Datatex, a global leader in IT solutions for the textile industry, is expanding its footprint in the Indian and Pakistani markets. Having been active in India through partners and resellers since the early 2000s, Datatex made a significant move in 2017 by establishing its Bangalore office, now employing over sixty professionals. Datatex’s commitment to the […]

Machinery

ACIMIT: Textile Machinery Orders Down 20% in Q3 2023

November 3, 2023

In the third quarter of 2023, the index of textile machinery orders, processed by the Research Office of ACIMIT (the Association of Italian Textile Machinery Manufacturers), showed a significant decline of 20% when compared to the same period in 2022. The index was reported at 84.2 points, with a base year of 2015 set at […]

Industry

DGTR’s Anti-Dumping Duty Decision Threatens Jobs Of 50,000 Weavers In Surat

October 29, 2023

A looming decision by the Directorate General of Trade Remedies (DGTR) to impose anti-dumping duty on viscose rayon filament yarn imported from China has sent shockwaves through Surat’s textile industry. This pivotal move, aimed at safeguarding domestic interests, could result in over 50,000 weavers being forced out of their jobs, leaving a vast number of […]

Industry

1,600 Textile & Garment Factories Shut Shop In Pakistan

Textile Insights September 5, 2023

Around 1,600 Pakistani textile and garment factories have shutdown over the past 16 months and the Pakistani Commerce Ministry is contemplating a strategy to reopen these closed factories “A framework is in the process of finalisation which will provide regional competitive energy pricing, working capital support, speedy refund payments and enhanced market access,” media

Tete-A-Tete

Mylon Metallics Offers Complete Range Of Yarn Conditioning Plants

Textile Insights August 28, 2023

Mylon Metallics which manufactures Yarn Conditioning Plants and Automation for the textile industry supplies a complete product range, while also supporting customers with low cost timely service, with a vision to ensure none of the plants are stopped for want of spares and services The Coimbatore based company was started in 2017 and within a […]

Machinery

Laser Cut Fabrics Reduce Microfibre Release During Laundry

Textile Insights August 19, 2023

Indian researchers have analysed that laser and ultrasonic cutting methods reduce the microfibre release up to 20 times in environment during laundry, compared to the conventional scissor-cut edges. Microfibers released from textile materials are receiving greater attention due to their severe adverse effects on the environment. Although mitigation strategies have been

Financial Results

Q1FY’24 Vardhman Textiles Net Profit Drops Sharply

Textile Insights August 8, 2023

In the first fiscal quarter ending June 30, 2023, Vardhman Textiles net profit dropped sharply by 58.53 percent to Rs 136.47 crore, compared to Rs 329.12 crore in the corresponding quarter of earlier fiscal EBITDA too dropped 41.88 percent to Rs. 309.88 crore in the reporting quarter as against Rs 533.17 crore in the first […]

Industry

Tiruppur Hosiery Body Seeks Curbs On Bangla Garment Imports

Textile Insights August 8, 2023

The South India Hosiery Manufacturers’ Association (SIHMA) has called upon the central government to take measures in curbing apparel imports from Bangladesh. Additionally, the association highlighted the need to impose restrictions on raw cotton exports once the new cotton season begins from October 1. In a memorandum, AC Eswaran, President of SIHMA said around 40 […]

Industry

Pakistani Textile Industry On Ventilator Support

Textile Insights August 7, 2023

Difficulties in the Pakistani textile industry, which accounts for 60 percent of Pakistan’s overall exports has been seriously affected by multiple factors in the last few years. They include the Covid-19 pandemic, slowdown in orders from the US and the EU, rise in energy costs, critical state of the economy and months of political chaos […]