Machinery

Italian Textile Machinery Order Index Stable In Q4 Of 2023

Textile Insights February 20, 2024

In the fourth quarter of 2023, the Italian textile machinery orders index remained stable compared to data recorded for the same period in 2022 and stood at 82.4 points. “This is the result of an upswing in orders from foreign markets, counterbalanced by declining orders on the domestic front,”

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Machinery

Order Intake Has Begun Showing Recovery Signs: ITMF Report

Textile Insights February 6, 2024

The latest ITMF Global Textile Industry Survey (GTIS) conducted in January 2024 revealed that order intake began showing recovery signs, with notable increases across regions except East Asia, particularly in North & Central America and South America. The report informed that there has been a significant improvement in the business climate, signaling a potential

Corporates

Shivkrupa Cotspin Unveils Mega Spinning Unit In Maharashtra

February 5, 2024

In a momentous event that marked a leap towards innovation and excellence in the textile industry, Shivkrupa Cotspin Pvt. Ltd. proudly inaugurated its sprawling mega project, Spinning Unit II, at Virwade Road, Chopda on 2 February 2024. The inauguration ceremony witnessed the presence of dignitaries, industry leaders and key stakeholders. The ribbon-cutting ceremony was

Machinery

Trützschler’s Intelligent Solutions Chosen For Lantabur’s State-of-the-Art Facility

February 4, 2024

Trützschler’s Intelligent Solutions has been chosen by Lantabur Textiles Ltd for its spinning mill project in Bangladesh. Trützschler, a renowned name in textile machinery, has been a chosen supplier for Lantabur Textiles Ltd, a prominent garment manufacturer in Bangladesh. The intelligent spinning preparation solutions provided by Trützschler are poised to enhance

Machinery

Global Textile Machinery Market To Grow At CAGR Of 6.1% Till 2033

Textile Insights January 29, 2024

The global textile machinery market which was valued at US $29 billion in 2023 is expected to grow at a CAGR of 6.1 percent and touch $52 billion by 2033. According to a Fact.MR report, among all textile machinery sales, those of spinning machines are projected to grow at a CAGR of 4.6 percent from […]

Corporates

Saurer OpenHouse 2024: A Platform For Knowledge Sharing And Innovation

January 28, 2024

The textile industry is constantly evolving, and industry leaders must stay updated on the latest trends and innovations. To achieve this, Saurer, a leading textile machinery company, hosted for the first time the OpenHouse 2024 event on January 12 and 13. This new format brought together industry experts from academia, consulting and industry, showcasing the […]

Corporates

Rieter Acquires Petit Spare Parts SAS For Enhanced After-Sales Support

January 28, 2024

Rieter Group, the world’s leading supplier of systems for manufacturing yarn from staple fibres in spinning mills headquartered in Winterthur, Switzerland, has acquired the French company, Petit Spare Parts SAS, effective January 5, 2024. The acquisition is set to strengthen Rieter Group’s dynamic after-sales business. Petit Spare Parts SAS is a renowned supplier in the

Machinery

Karl Mayer Successfully Launches TM 4 EL

January 21, 2024

At the end of 2023, Karl Mayer launched the TM 4 EL – a new, highly flexible machine for the mid-range segment in the four-bar tricot machine sector. The all-rounder machine produces fabrics for upholstery, automotive interiors and outerwear, as well as sportswear items and home textiles, all while offering excellent value for money. “When […]

Event

Gartex Texprocess India Being Held From Feb 1-3 In Mumbai

Textile Insights January 18, 2024

Gartex Texprocess India, a comprehensive trade show on the garment manufacturing & textile industry will kick off its 3rd Mumbai edition from February 1-3, 2024 at Jio World Convention Centre, Mumbai. The event is anticipated to witness participation from more than 100 exhibitors of which there are 30+ new exhibitors associating with the show. This […]