Corporates

Himatsingka Seide’s Board Approves Rs 400 Crore Fund Raise And Director Appointment

January 28, 2024

Himatsingka Seide Ltd, a leading player in the textile industry, unveiled strategic decisions following its Board of Directors meeting on January 25, 2024. Fund raising and capital structure enhancement: The board has greenlighted fund raising up to Rs 400 crore, utilizing equity shares or

Corporates

Sustainability Leader Robert van de Kerkhof Joins Team HeiQ AeoniQ

January 14, 2024

Renowned sustainability leader, Robert van de Kerkhof, assumes a pivotal role as Non-Executive Director and Chairman of the Environmental, Occupation, Health & Safety, and Sustainability Committee at Team HeiQ AeoniQ. With over 30 years of expertise in driving sustainability initiatives, Robert is set to spearhead transformative efforts in the textile industry. His

Fibre

Sportswear Innovation: Under Armour Introduces Breakthrough Fibre-Shed Test Method

January 9, 2024

Under Armour, after extensive research in its innovation lab, has introduced an innovative fibre-shed test method to tackle the sustainability challenges posed by microfibres and microplastics. The sportswear brand has collaborated with precision testing solutions supplier James Heal to develop and optimize fibre-shed test kits for industry use, employing Under

Industry

Investments To Contract In Indonesian Textile Industry

Textile Insights December 28, 2023

The Indonesian Textile Association (API) anticipates investments in the textile industry to contract in 2024, on expectations of the economic slowdown continuing in its key export markets. According to Jemmy Kartiwa Sastraatmaja, Chairman of API, the worldwide economy is not in good shape and is forecast to weaken, while at the same time, interest rates […]

Machinery

Smartex Unveils Report To Modernising Textile Factory

Textile Insights December 14, 2023

Smartex has released its first comprehensive report on ‘The Modern Textile Factory’ authored by Max Easton, Global Innovation Director at Smartex, which showcases a wealth of insights from a global team of experts. Smartex is at the forefront of transforming the textile industry through the integration of Artificial Intelligence, focusing specifically on achieving zero

Industry

Indian Textile Industry Trends For 2024 & Beyond

December 12, 2023

The textile industry has been an integral part of human civilisation, catering to one of our basic needs – clothing. It is the place where art, technology and commerce intersect to create fabrics that clothe us and furnish our homes, along with myriad other uses we don’t even realise. In recent years, the textile market […]

Corporates

Atlas Copco Group Unveils New Group Logo & Tagline

Textile Insights November 29, 2023

Atlas Copco Group has launched a new identity, including a new group logo, a new visual identity, and a new group tagline -‘Technology that transforms the future’. The current blue and white Atlas Copco brand and logo will continue to be used on products and services, in the same way as other brands in the […]

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 investments and the textiles sector accounts for […]

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 […]