by DIGITAL MEDIA EXECUTIVE | Jun 8, 2023 | Business & Policy
In order to increase operations in the EMEA, LAM, and NAM Markets, Michele Riva has been named as Sales Director at ColorJet Group, a maker of digital textile printers. Michele will be in charge of developing and implementing ColorJet’s sales strategy, working...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Fibres and Yarns
Due to increased pressure from spinning mills and stockists due to the lower demand, cotton yarn prices in north India dropped by up to 5 rupees per kilogramme. Market participants were still unsure of which markets to purchase from for home and export purposes. In...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Textile machinery
The new electric/hydrogen-powered heating systems, clever software solutions for formula optimisation, systems for heat-recovery and exhaust air purification, creative chemical application systems, and newly developed machine concepts are just a few of the many new...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Corporate Update
Company plans additional US $3 billion investment to build a 256MW hyperscale campus in Malaysia’s digital hub. Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the development of a second data center campus (KUL2) in...
by DIGITAL MEDIA EXECUTIVE | May 13, 2023 | Fibres and Yarns, Yarn Price
Due to weak demand, the prices of polyester spun, polyester-cotton (PC), and viscose yarns were under pressure to decline. Prices of PC and polyester spun yarn dropped by 2-4 rupees per kg in the markets of Ludhiana and Surat. In spite of sluggish demand, viscose yarn...
by DIGITAL MEDIA EXECUTIVE | May 13, 2023 | News & Insights
In fiscal 2023 (FY23), Raymond, an Indian textile and clothing juggernaut, posted its highest-ever sales of 8,337 crore, up 31% from FY22. Additionally, the business achieved its highest-ever annual EBITDA of 1,322 crore, a gain of 50% over the prior year, with EBITDA...
by DIGITAL MEDIA EXECUTIVE | May 13, 2023 | Country Report, Finance & Economy
Due to two significant indices that indicate steadfast economic growth, India is viewed as a bright spot in the otherwise bleak global economy. The nation’s manufacturing PMI increased to 57.2, signalling solid manufacturing activity, and the GST collection hit...
by DIGITAL MEDIA EXECUTIVE | May 11, 2023 | Business & Policy
This spring, Spectro Coating in Leominster, Mass., USA, shut its doors. Spectro was one of the largest flock providers in the US and several factors were involved with their decision to close. For one, the owners – Hemendra Shah and his son, Raj Shah –...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | COTTON PRICE, Fibres and Yarns
INSIGHTS Mumbai and Tiruppur’s cotton yarn markets are seeing sluggish buying and falling pricing. Mumbai market mills and dealers are under pressure to sell stocks, which lowers stock prices. The lack of demand in Tiruppur causes vendors to lower their prices....
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Business & Policy, Finance & Economy
As it continues to align its business to serve customers and future growth, CIT Commercial Services, a division of First Citizens Bank, has announced changes in its leadership. Tom Fingleton, who has been the Northeast regional manager since March 2019, has been...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Business & Policy, E-commerce
In today’s fast-paced retail industry, businesses face constant challenges to stay relevant and retain customers. With the rise of e-commerce and the emergence of new technologies, customers have more options than ever before. As a result, creating a loyal...
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | Event Update
In addition to introducing XO SOLID, a new machine series to complement XO SMART, XO TREND, and XO SELECT machines, XORELLA, a specialist in steam setting and conditioning equipment for yarns and fabrics, will also introduce XO AUTOMATION for the double door XO SELECT...