13 May 2022, Mumbai:

Panel Discussions @ Denim Show

ALSO READ Denim Show: Industry prowess showcased @ Mumbai

Here are a few takeaways from the discussion:

1. There is no dearth of business for denim players in India
2. The entire denim ecosystem is getting environmentally conscious
3. Denim industry has the potential to grow 25% CAGR in the next 4-5 years
4. Innovation is the name of the game
5. Denim cannot be sold by advertising.

The product itself needs to appeal to the consumer.

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CREDITS: Denim Show (The news article has not been edited by DFU Publications staff).

11 May 2022, Mumbai:

Hon'ble Union Minister of State for Textiles & Railways - Smt Darshana Jardosh to inaugurate show and address media on 12th May at 4 PM; JIO WORLD CONVENTION ENTRE.

ALSO READ Darshana Jardosh: PLI Textiles Scheme to hugely boost MMF sector

Set to mark its launch in Mumbai, Gartex Texprocess India India’s leading trade fair for textile and garment manufacturing will be inaugurated by Hon'ble Union Minister of State for Textiles & Railways - Smt Darshana Jardosh in Mumbai on 12th May 2022.

RELEVANT NEWS Darshana Jardosh: Integrating the Value Chain is the need of the Hour

Messe Frankfurt cordially invites trade to INAUGURATION & PRESS CONFERENCE with Hon'ble Union Minister of State for Textiles & Railways - Smt Darshana Jardosh.

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12 May 2022, Mumbai:

ACIMIT RENEWS ITS CORPORATE IDENTITY WITH A NEW LOGO AND WEBSITE.

ACIMIT, the Association of Italian Textile Machinery Manufacturers, has presented its renewed corporate identity, the result of a collaborative effort involving the association itself and the communications agency Take, which handled the logo’s restyling, new brand book design, and the development of the new website.

ALSO READ ITALIAN TEXTILE MACHINERY: ORDERS GROW AGAIN IN 2021 FOURTH QUARTER

ACIMIT’s new image reflects its evolving and dynamic soul. The logo has been renewed so as to remain faithful to the association’s values, which are strongly rooted in Italy, while accentuating its international impetus, representing the evolutionary nature of the entire textile machinery sector. The official website has been completely renovated both in its look, feel and structure, but remains essentially unchanged in its DNA.

RELEVANT NEWS ACIMIT, ITA organize Italian Pavilion @ Techtextil North America,May'22

“Creativity, technological innovation, and a coming together of Italian concepts – these are the ideas that have guided us in conceiving and redefining our logo and our association’s coordinated image,” states ACIMIT president Alessandro Zucchi.

“The new logo was designed to mirror our organization’s core values, with two main goals: promoting the idea of closeness and coming together, while reflecting a spirit of belonging for all our associated partners, and proposing ACIMIT to the global textile supply chain, communicating Italy’s leadership role in the textile machinery sector.”

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06 May 2022, Mumbai:

Marzoli Parent Company Camozzi Group partnered with SECO Group to accelerate growth in Smart Factory Operations.

ALSO READ Marzoli Innovations: Marzoli Super Slub (MSS)

Marzoli is owned by the Camozzi group since 1999.

Our project from Marzoli India " Digi4spin" is taking a lead in the digitalization of the Spinning industry in India with the support and guidance from Camozzi Digital.

The Camozzi Group in the field of industrial IoT, that is, in the sphere of the internet of things that concerns industrial processes, marks a fundamental step.

RELEVANT NEWS ITALIAN TEXTILE MACHINERY: ORDERS GROW AGAIN IN 2021 FOURTH QUARTER

A partnership was signed through the subsidiary Camozzi Digital with Seco, a company listed on Piazza Affari. SECO and Camozzi Digital have signed a partnership agreement aiming to accelerate growth in the global Industrial Internet of Things (IIoT) market.

Camozzi Digital and SECO will jointly focus on more devices to be “smart” and connected, all the companies that will be able to fully realize their digital transformation will have a huge growth opportunity in front of them.

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12 May 2022, Mumbai:

The predominantly cotton-based textile industry in India has been performing extremely well immediately after the second wave of the COVID pandemic owing to pent-up demands that emerged in the post-COVID scenario.

The US sanction on Xinjiang province cotton, attractive cotton futures trading, and pent-up demand forced the cotton price to reach a record high level in a short span of time.

ALSO READ SIMA, CHAIRMAN: Indian Textile Mills concerned about global order cancellations

Consequent to the constant genuine demand by the user industry, the Government has removed the import duty for the period 14 th April to 30 th September 2022.

In a Press Release issued here today, Mr.Ravi Sam, Chairman, of The Southern India Mills’ Association (SIMA), has appealed to all the stakeholders in the value chain to stand united and adopt a win-win strategy to mitigate the grave crisis rather than demanding the Government to take certain short cited policy decisions like banning or imposing quantitative restrictions on cotton and yarn exports that would tarnish the image of the Nation as a reliable supplier in the global market.

RELEVANT NEWS SIMA & CITI to impress upon Tamil Nadu CM, MK Stalin seeking to ramp up cotton production

SIMA Chairman has urged the Government to strictly enforce the mandatory collection of online statistical returns giving the particulars of production, consumption, and stock data across the value chain from ginning to garments is the need of the hour to curb speculation and take appropriate policy decisions.

He has appealed to all the stakeholders to file the Returns to the Office of the Textile Commissioner so that the industry and the government could have reliable data to plan any strategy.

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10 May 2022, Mumbai:

As the debate in Washington heats up around trade, the global supply chain crisis, onshoring and nearshoring, and tariffs, three top Biden administration officials are coming to speak to U.S. textile executives at the National Council of Textile Organization’s Annual Meeting on May 11.

ALSO READ NCTO Welcomes Appointment of Jennifer Knight as Deputy Assistant Secretary for Textiles, Consumer Goods and Materials at the U.S. Department of Commerce

The gathering of U.S. textile manufacturing CEOs, Western Hemisphere manufacturers, and policymakers in Washington will highlight a wide range of issues, from onshoring and nearshoring to domestic personal protective equipment (PPE) production, to China enforcement—all policies with far-reaching implications for the U.S. textile industry and manufacturing sector as a whole.

RELEVANT NEWS NCTO Welcomes House Passage of America COMPETES Act; Helps Close De Minimis Loophole

The open session will feature three top Biden officials.

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05 May 2022, Mumbai:

Statement from NCTO President and CEO Kim Glas:

ALSO READ  NCTO Welcomes House Passage of America COMPETES Act; Helps Close De Minimis Loophole

“We have long advocated for the 301 penalty tariffs to remain on finished textile and apparel products from China. Not only do they increase the government’s negotiating leverage to address the Chinese government’s serious predatory trade practices that have hurt our domestic manufacturing sector and that of our free trade agreement partners for decades; they also send a strong message to China that the United States is committed to addressing systemic predatory trade practices that have undermined domestic industries and their workers.

For decades, China’s illegal actions have undermined virtually every domestic manufacturing sector and contributed to the direct loss of millions of U.S. jobs.

RELEVANT NEWS NCTO Welcomes Appointment of Jennifer Knight as Deputy Assistant Secretary for Textiles, Consumer Goods and Materials at the U.S. Department of Commerce

These devastating state-sponsored practices, which include intellectual property theft, pervasive state-ownership of manufacturing, industrial subsidies, and abhorrent labor and human rights abuses in the Xinjiang region, have allowed China to dominate the global marketplace, which has had severe ramifications on American workers and our Western Hemisphere trade allies. As sourcing executives seek to de-risk out of China for these products, our sector is experiencing massive investment in the U.S. and Western Hemisphere supply chains.

In fact, we expect approximately $1 billion of investment announced in the United States and Central America this year alone, as penalty tariffs have played a key role in sourcing shifts.

We have long advocated for the tariffs to be maintained on finished textile and apparel products to ensure we address these larger systemic issues that have substantially hurt our manufacturing sector and offshored jobs.

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 11 May 2022, Mumbai:

Officina39 returns to Asia's trade fair scene with its renewed brand look, always holding on to its sustainable attitude based on “Chemistry plus creativity”. Bangladesh Denim Expo (10-11 May) marks the Italian company's return to in-person trade fairs on the Asian continent.

ALSO READ Bangladesh Denim Expo: 10-11th May'22

An opportunity to show off its new look in this key market and present its latest sustainable developments.

RELEVANT NEWS  Bangladesh Denim Expo in Dhaka on 11th and 12th November: An Overview

May 10-11, 2022 – It is certainly not unusual to link the term sustainability to Officina39, the Italy- based company leader in the ecological innovation of chemical application in the textile sector: so the company cannot but be present at the Bangladesh Denim Expo in Dhaka on 10-11 May, a new edition after a two-year break, characterized by a focus on sustainability and the central theme "Beyond Business".

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07 May 2022, Mumbai:

13 State Governments present plans of 18 proposals for setting up PM MITRA Parks in their respective states.

A National Conference on PM Mega Integrated Textile Regions and Apparel Park(PM MITRA) Parks Scheme was organized by the Ministry of Textiles on 4th May 2022.

ALSO READ Darshana Jardosh: PM MITRA proposals under evaluation

The conference was inaugurated by Shri U.P Singh, Secretary, Ministry of Textiles followed by a detailed presentation on the PM MITRA Parks Scheme by Smt. Shubhra, Trade Advisor, Ministry of Textiles.

The Conference provided a platform for making presentations by officials from 13 State Governments, viz. – Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh enumerating the contours of the 18 proposals for setting up of PM MITRA Parks in their respective states.

Each state government showcased its strengths in the textiles sector with a special focus on scheme/policy/benefits/incentives and basic utilities provided for creating an industry-friendly ecosystem to populate the proposed PM-MITRA Parks.

RELEVANT NEWS PM MITRA Park: States are working hard

PM MITRA Park will offer the opportunity to create an Integrated Textiles Value Chain right from spinning, weaving, processing/dyeing, and printing to garment manufacturing, etc. at one location and will reduce the logistics cost of the Industry.

The conference also witnessed widespread participation from the Industry in physical as well as virtual mode leading to a vibrant Q&A session, followed by the closing session summarizing the outcomes and elaborating on the way forward of successful scheme implementation.

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CREDITS: PIB (The news article has not been edited by DFU Publications).

05 May 2022, Mumbai:

Lenzing rides out significant cost pressure to report a solid first quarter.

In the first quarter of 2022, the Lenzing Group, like the entire manufacturing industry, was significantly affected by the extreme developments in global energy and commodity markets.

ALSO READ Lenzing Group: Sustainability Report'21

A predominantly positive market environment and the strategic focus on specialty fibers such as those of the TENCELTM, LENZINGTM ECOVEROTM, and VEOCELTM brands nevertheless ensured a solid revenue and earnings trend, with the effect of higher costs being largely offset.

Revenue grew by 25.7 percent year-on-year to reach EUR 615 mn in the first quarter of 2022, primarily due to continued high demand for wood-based biodegradable specialty fibers and higher fiber prices.

Specialty fibers’ share of fiber revenue currently stands at 73.3 percent. The earnings trend reflects trends in energy, raw materials, and logistics costs, although the company’s continued focus on measures to improve structural earnings in all regions mitigated this negative effect.

RELEVANT NEWS Lenzing: Stephan Sielaff new CEO

Earnings before interest, tax, depreciation, and amortization (EBITDA) decreased by 7 percent year-on-year to EUR 88 mn.

The EBITDA margin reduced from 19.3 to 14.3 percent.

Net profit for the quarter grew by 14.3 percent to EUR 34.1 mn, while earnings per share amounted to EUR 0.87 (compared to EUR 1.06 in the first quarter of 2021).

“Lenzing made a solid start to the 2022 financial year thanks to considerable efforts in an environment of sharply rising costs.

Demand for our wood-based, biodegradable specialty fibers also recorded a positive trend in the first quarter,” notes Stephan Sielaff, Lenzing Group CEO.

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