by DIGITAL MEDIA EXECUTIVE | Jun 1, 2023 | Event Update
The 23rd edition of the Sowtex Network presents Textile Sourcing Meet took place in Dhaka at the International Convention City Bashundhara (ICCB). Fostering business, culture, and international collaborations was the main goal of the two-day 2nd edition of that expo....
by DIGITAL MEDIA EXECUTIVE | Jun 1, 2023 | News & Insights
The nation’s largest cotton textile production hub, the Narol textile cluster in Ahmedabad, plans to improve its Common Effluent Treatment Plant (CETP). The CETP will increase its existing capacity of 100MLD (million litres per day) to 130MLD. About 120 member...
by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Finance & Economy
As a result of higher inventory costs and decreased capacity utilisation, Page Industries Ltd.’s shares fell 15% on Friday to a low of 34,968.60 on the BSE. The business also announced a 58.87% decline in net profit to 78.35 crore for the fourth quarter that...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Fibres and Yarns
Due to declining demand, cotton yarn prices in north India keep declining. Cotton’s value chain has also been pushed down by cheaper polyester fibre and its raw components. Cotton yarn costs in the Ludhiana market dropped by five rupees per kilogramme, showing a...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | cotton industry, COTTON PRICE
Due to this year’s decreased cotton crop production in China’s Xinjiang province, the nation has ordered roughly 5,000 tonnes of cotton yarn from India during the past two weeks. More than 70% of China’s total cotton production is produced in this...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Fibres and Yarns
INSIGHTS In spite of geopolitical unrest, China’s imports of textiles, primarily cotton, from Australia fell by 41% during the previous four years. Conversely, Australian garment imports from China have steadily increased, with a 44% increase from 2018 to 2022....
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | cotton industry, COTTON PRICE
After starting this year’s cotton seeding in the middle of April, everything is going well across North India. Initial reports indicate that Rajasthan’s cotton sowing area will grow since farmers there have chosen to cultivate cotton this year. In Punjab...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Textile machinery
Brazzoli S.r.l. has a 50-year history of dominating the textile processing industry and is widely regarded as the top manufacturer of dyeing equipment with cutting-edge technological capabilities for treating fabrics in rope form. Brazzoli is now able to provide...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Garment
The 99-year-old producer of silk saris, RmKV, intends to increase its footprint in Tamil Nadu by erecting a $100 million store in Coimbatore. According to K Sivakumar, Managing Director of RmKV, it just established a new $30 million showroom in Tirunelveli.Although it...
by DIGITAL MEDIA EXECUTIVE | May 6, 2023 | Business & Policy
On Thursday, Bombay Dyeing Limited announced that its net loss for the three months ending March 31, 2023, had increased by 490% to Rs 246.1 crore. In the same period last year, it reported a consolidated net loss of Rs 41.74 crore. The cash-strapped airline carrier...
by DIGITAL MEDIA EXECUTIVE | May 5, 2023 | Fibres and Yarns
According to the latest Manufacturing ISM® Report On Business® from the nation’s supply executives, the manufacturing sector’s economic activity shrank in April for the sixth consecutive month after 28 months of gain. Timothy R. Fiore, CPSM, C.P.M., Chair...
by DIGITAL MEDIA EXECUTIVE | May 4, 2023 | Corporate Report, COTTON PRICE
In comparison to its predictions for December 2022, the International Cotton Advisory Committee (ICAC) on Tuesday reduced its outlook for cotton prices globally. In its May outlook, ICAC predicted that the average price for the season would be between 96.1 and 111.3...
