29 July 2022, Mumbai:

TENCEL™ LUXE on track to achieve strong growth in 2022 as eco-couture movement booms.

Market growth in the sustainable luxury segment largely driven by Gen Z and millennials Greater business opportunity for TENCEL™ LUXE as premium fashion brands extend use of eco-friendly materials

Upcoming collaborations with valued brand partners to boost sales growth further in 2022.

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TENCEL™ LUXE, the unique brand of lyocell filament yarn under Lenzing’s textile specialty brand, achieved a 2021 sales growth of 5 times the volume in 2020 and is on track to increase its existing production capacity by 25% in 2022 to cater to growing demand.

As premium brands are increasingly introducing eco-friendly collections, it presents an area of opportunity for TENCEL™ LUXE to expand its footprint. The luxury sector, which is currently undergoing a sustainability evolution, is also poised to achieve sustained growth of 6 to 8% annually.

Companies, especially those in the luxury and high-end fashion industry, are sourcing green solutions to reshape their value chains – and selecting TENCEL™ LUXE as a highly versatile new generation solution.

“We are seeing a significant shift towards sustainability in the luxury and premium industry, largely driven by the younger generation who are greatly concerned with the future of our planet,” said Vineet Singhal, Vice President Global Business Unit Noble Fibers at Lenzing AG.

“As a result of this rising consumer demand, the TENCEL™ LUXE brand is looking to expand its footprint even further in haute couture, bridalwear, ready-to-wear, denim, activewear, traditional wear, intimate, and red-carpet fashion segments.

We experienced strong sales growth in 2021 and are continuing this momentum into the second half of 2022, with the help of our valued partners.”.

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23 July 2022, Mumbai:

Organised By:

The Confederation of Indian Textile Industry: Citi India

Theme: Reimagining the Textile and Apparel Industry for the Next Decade
Date: 17th August 2022
Venue: Hotel Shangri-La Eros, Janpath, New Delhi
Chief Guest: Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles · Government of India.

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About Superplastic

HIGHLIGHTS

Reimagining & Rebuilding India's Textile & Apparel Industry.
Changing Trends in Asian Textile & Apparel Trade.
Digitization, Automation & Innovation in Textile & Apparel Industry.
India's Trade Agreements with Major Economies.
Scaling Up Cleaner Production with Sustainable Textile Solutions

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20 July 2022, Mumbai:

Collaboration with Red Points addresses consumers’ increasing expectations of transparency and highlights Lenzing’s commitment to trademark protection

Protects the interest of Lenzing customers and partners who are making real efforts to enhance the transparency of their value chains

Builds upon Lenzing’s overall brand protection efforts that verify the authenticity of fibers up to the end products.

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Lenzing Group, a leading global producer of wood-based specialty fibers, has announced a partnership with Red Points, a global leader in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services.

As Lenzing’s textile brands TENCEL™, LENZING™, ECOVERO™, as well as nonwovens brand VEOCEL™ continue to generate widespread demand from industry partners and customers worldwide, it is becoming increasingly important to protect the company’s trademarks and provide full visibility into the brands’ presence online.

“Brand protection has always been a top priority at Lenzing".

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28 July 2022, Mumbai:

Cosmo Speciality Chemicals, a 100% subsidiary of Cosmo First Limited, today announced the appointment of Mr Sunil Vaidya as Head Sales – Textile Division. In his new role, Sunil will be responsible for driving sales and development for Cosmo Speciality Chemicals nationally. He will report to Mr Anil Gaikwad, Business Head, Cosmo Speciality Chemicals.

With over 30 years of experience, Sunil will be responsible for sales & marketing and the strategic business development of Cosmo Speciality Chemicals..

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On the announcement, Mr Pankaj Poddar, Group CEO, Cosmo First Limited said, “With more than a three-decades-long career in the textile industry, Sunil has knowledge and expertise across various domains of sales, development, and strategic planning. I am delighted to welcome Sunil as part of Cosmo’s Team and confident that his addition would be instrumental in accelerating sales and powering growth for our speciality chemicals business in the textiles industry and beyond.”

Commenting on his new role, Mr Sunil Vaidya, Head Sales - Textiles, Cosmo Speciality Chemicals said, “Within a few years, Cosmo Speciality Chemicals – The textile division has launched multiple products and built credibility across the industry which can be witnessed by its phenomenal growth.

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19 July 2022, Mumbai:

Archroma introduces Perapret^® AIR, a groundbreaking air purification textile technology.

Archroma, a global leader in specialty chemicals towards sustainable solutions, launches Perapret^® AIR liq, a new industry-leading, light-activated air purification technology for all kinds of fabrics.

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The new innovation was presented at the Techtextil exhibition on June 21, 2022, in Frankfurt, Germany. The innovation has been developed in line with the principles of “The Archroma Way to a Sustainable World: Safe, efficient, enhanced, it’s our nature”.

The mineral-based Perapret® AIR liq eliminates air pollutants and airborne smells by imitating the natural process of photocatalysis under normal day and artificial light sources.

The chemistry usually used in such applications is nano-sized TiO2 (dioxide titanium), which attack every organic matter, including the textile fiber, and not only pollutants.

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27 July 2022, Mumbai:

Swan Energy’s textile division expands Ahmedabad's plant capacity to 3 million metres per month.

Swan offers a fabric range to renowned brands, retail, ready-made apparel manufacturers, exporters, buying houses, and large traders.

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The textile division milestones include the OCS (Organic cotton standards) and GOTS (global organic textile standard) certifications it has received.

In 2011

A state-of-the-art textile processing unit in Ahmedabad commenced operations with a capacity of 20 lakh meters per month.

(ET Report)

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18 July 2022, Mumbai:

11^th edition of India ITME to be held from 8th – 13th  December 2022 at India Exposition Mart Ltd (IEML), Greater Noida.

This event is being held in a well-designed Exhibition Venue in the National Capital Region and one of the largest in India, with lovely weather in December. It is an opportunity to combine business with travel, experience & explore Delhi and the capital region of India.

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ALSO READ  ITME 2022: Soul of Textiles

The only event in India which brings together 73 Countries & 97 domestic regions Pan India under one roof; of this 52% of visitor’s belong to top Management & decision-makers enabling them to close business deals decisively.  India ITME-2022 is going to be a very exciting business event for the Textile & Textile Engineering Industry after a long gap.

As an event organizer, India ITME Society is a globally trusted name for quality, and excellence and has successfully served the industry with commitment.  We hope and strive to provide a spectacular event that shall also coincide with the completion of 43 years of the Society.

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26 July 2022, Mumbai:

RESULTS AT A GLANCE (1Q FY23 COMPARED WITH 1Q FY22).

CONSOLIDATED - RIL

STANDALONE - RIL.

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ROBUST OPERATING AND FINANCIAL PERFORMANCE ACROSS ALL BUSINESSES

RECORD QUARTERLY CONSOLIDATED EBITDA AT ₹ 40,179 CRORE ($ 5.1 BILLION), UP 45.8% Y-O-Y

CONSOLIDATED PROFIT AFTER TAX AT ₹ 19,443 CRORE ($ 2.5 BILLION), UP 40.8% Y-O-Y HIGHEST EVER QUARTERLY REVENUE FOR O2C BUSINESS IN A VOLATILE ENVIRONMENT

BEST EVER QUARTERLY REVENUE FOR RELIANCE RETAIL AT ₹ 58,554 CRORE ($ 7.4 BILLION), UP 51.9% Y-O-Y

BEST EVER QUARTERLY REVENUE FOR JIO PLATFORMS AT ₹ 27,527 CRORE ($ 3.5 BILLION), UP 23.6% Y-O-Y.

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22 July 2022, Mumbai:

The final day of Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing opened with Exhibitor Highlights by Vishal Enterprises Inc., Inspectorio Inc., and V. Mora.

Visitors were given an introduction to the companies' business models and backgrounds and then invited to a more in-depth review of their products at their booth locations on the show floor.

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This edition featured a new opportunity for footwear component sourcing in partnership with Material Exchange and Footwear Distributors & Retailers Association. Material Exchange gave visitors a demonstration on how to build and digitize your materials libraries in a Global Footwear Sourcing Talk.

Conversations at today's Lenzing Seminar Series featured the societal shift towards environmental concerns, especially of the younger generations, who are the largest market for sustainable and ethical home design and solutions.

The Summer 2022 Edition closed out the show with thousands of in-person attendees. Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing also had a record number of country pavilions present, adding further value to attendees visiting the event.

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