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Performance of India’s leading spinning companies in FY24
In FY24, India's leading spinning companies showed mixed results. Filatex India saw a slight revenue decline but improved net profit and EPS. Nitin Spinners experienced revenue growth but a drop ...
Europe’s CEMATEX appoints Alex Zucchi as new president
CEMATEX, the European Committee of Textile Machinery Manufacturers, has appointed Alex Zucchi as its new president. Elected on June 14, 2024, Zucchi has been active in CEMATEX since 2015 and is t...
Global benchmark prices decline over past month: Cotton Inc
Over the past month, most global benchmark cotton prices decreased. The July NY/ICE futures contract fell from 77 to 72 cents per pound, peaking at 82 cents in late May. The A Index declined from...
Casablanca hosts first Texcare Forum in Africa
On June 4, Casablanca hosted the first Texcare Forum in Africa, attracting 120 participants from the laundry and dry cleaning industry. The event, held at the Hyatt Regency Hotel, featured discus...
Ontex plans to restructure production & distribution in Belgium
Ontex plans to restructure its Belgian operations, closing the Eeklo site and transforming Buggenhout into a Centre of Excellence for certain products, with a $42.82 mn investment. This aims to e...
Austria’s Lenzing & DVF to bring responsible fashion into mainstream
Lenzing Group and Diane von Furstenberg (DVF) have teamed up to introduce TENCEL and LENZING ECOVERO fibers, sourced from sustainably managed wood, into DVF’s fashion collections. This collabor...
Staubli showcases SAFIR PRO S67 at ITM 2024 Exhibition in Istanbul
Staubli's SAFIR PRO S67 enhances weaving efficiency by streamlining preparation process. This automatic drawing-in machine optimises warp beams, reduces machine stops and improves productivity an...
IFC, Epic Group partner for sustainable expansion in Bangladesh, India
IFC has partnered with EPIC Group to finance a $100 million green capital expenditure program to support sustainable textile manufacturing in Bangladesh and India. This includes a $70 million sus...
LyondellBasell starts new production line in Dalian, China.
LyondellBasell has started a new PP production line at its Dalian site in China, increasing the site's capacity to 40,000 tonnes annually. This addition, aimed at meeting the booming demand in th...
HPL secures 10-Year Naphtha supply deal with QatarEnergy
Haldia Petrochemicals has signed a strategic agreement with QatarEnergy for the supply of up to two million tons of naphtha over ten years, starting in Q2 2024. This deal, the largest between the...