09 April 2022, Mumbai:

Higher raw material cost is likely to impact textile demand during Q1FY23 on a quarter-on-quarter basis.

As per India Ratings and Research (Ind-Ra), sustained rub-off impact from high man-made fibre (MMF) prices amid new arrivals will keep domestic cotton prices to remain at the current high levels during Q1FY23.

ALSO READ TIRUPPUR TRADERS EXPECT COTTON YARN PRICES TO RISE POST FESTIVE SEASON

ShradhaSaraogi, Senior Analyst, India Ratings and Research, says,Ind-Ra also expects inventory levels to decline by the end of the current cotton season due to a lower opening stock and slightly higher consumption.

Similarly, the domestic stocks-to-use ratio could decline in the new cotton season.

Furthermore, Ind-Ra expects cotton yarn and spun yarn prices to continue to rise due to higher demand from downstream players as well as export markets.

RELATED NEWS Space Rocketing Cotton and Cotton Yarn prices – Representations pending for Government action

According to the rating agency, MMF products witnessed a drastic rise in prices in February 2022 due to an increase in crude oil prices.

Ind-Ra expects the prices to increase further owing to the US ban on Russian oil and US tie-ups in Europe, along with a rise in raw material prices, led by the ongoing geopolitical issues and increased cotton prices.

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07 April 2022, Mumbai:

The State Government's intention to offer the name of Jodhpur to the Union Government for the textile park under the PM MITRA (Mega integrated Textile Region and Apparel) program has enraged Rajasthan's major textile metropolis.

Local textile businesses have submitted letters to Prime Minister Narendra Modi, State Chief Minister Ashok Gehlot, and others, claiming that Bhilwara, as a textile powerhouse, is the best candidate for the mega-park.

ALSO READ Darshana Jardosh: PM MITRA proposals under evaluation

According to Rajasthan Janmanch's Kailash Soni, Bhilwara is a well-known brand in Rajasthan's textile sector, but Jodhpur is recognized for handcraft, so there is no reason to reject Bhilwara and suggest Jodhpur's name.

RELATED NEWS Odisha (India) is in the process of obtaining a park under the PM MITRA plan

Many leading textile enterprises are based in Bhilwara, which has over 1 million spindles and over 16,000 power looms that produce daily fabric worth Rs. 100 crore.

Many of Bhilwara's biggest enterprises have recently announced expansion plans and significant investments.

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CREDITS: TOI & Apparel Resources.

06 April 2022, Mumbai:

CITI-CDRA Golden Jubilee Celebrations – a mega event being inaugurated by the Hon’ble Vice President of India – Tuesday, 12th April 2022.

CITI’s Cotton Development & Research Association (CDRA), established in the year 1970, has completed 50 years of its services to the Indian textile industry. On this important occasion, CITI-CDRA Golden Jubilee Celebrations Mega Event will be organized in the Vigyan Bhawan, New Delhi on Tuesday, 12th April 2022, 10.00 AM onwards.

ALSO READ Piyush Goyal: India hits historic $400bn merchandise exports

The Theme of the Mega Event is “KAPAS KI ADHIK UPAJ, SHUDH UPAJ”.

CDRA is a social welfare initiative of the Confederation of Indian Textile Industry (CITI).

Its projects are aimed at empowering the cotton farmers through Good Agricultural Practices (GAPS) for enhancing yield, reducing costs of production, and increasing cotton farmers’ income.

RELATED NEWS In 2021, India's domestic textile exports would generate US $ 6.68 billion in income

M. Venkaiah Naidu, Hon’ble Vice President of India, has kindly consented to inaugurate CITI-CDRA Golden Jubilee Celebrations. Piyush Goyal, Hon’ble Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, has kindly consented to deliver the Keynote Address in the Inaugural Session.

Smt. Darshana Vikram Jardosh, Hon’ble Minister of State for Textiles & Railways, has kindly agreed to deliver the Special Address in the Valedictory Session.

Also invited Narendra Singh Tomar, Hon’ble Union Minister of Agriculture & Farmers’ Welfare, to deliver the Valedictory Address.

RELATED NEWS Piyush Goyal: Time for the Startups to help India become self-reliant

The Event will have four important Sessions on the various aspects of the Cotton value chain.

This mega event will not only offer the participants an opportunity to interact with a very select group of 800-1000 peers from cotton-based textile & clothing industry.

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08 April 2022, Mumbai:

Texprocess Messefrankfurt

Leading international trade fair for processing textile and flexible materials.

At Texprocess, international exhibitors will present the latest machines, plants, processes and services for the manufacture of garments and textile and flexible materials in Frankfurt am Main from 21 to 24 June 2022.

Techtextil, the leading international trade fair for technical textiles and nonwovens and this year, once only, the Heimtextil Summer Special, international trade fair for home and contract textiles, takes place at the same time as Texprocess.

ALSO READ Techtextil / Texprocess / Heimtextil S/S'22 Press Conference

Why Texprocess is exactly the right place for you

Complete textile process chain: Here, you can find all the technologies involved, from design, cutting, sewing, knitting, and embroidery to finishing, refining, IT and logistics.

Creativity and high-tech: The technologies for processing textiles at Texprocess inspire new designs.

RELATED NEWS Techtextil North America and Texprocess to be held in Atlanta, Georgia May 17-19, 2022

Texprocess – Digital Extension

On-site in Frankfurt and in the digital space: Texprocess 2022 will be complemented by the Texprocess – Digital Extension.

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

07 April 2022, Mumbai:

The Lenzing Group, the world's largest provider of wood-based specialty fibers, has launched its Sustainability Report 2021.

The paper, titled "Linear to Circular," highlights the company's commitment to carefully balancing its requirements with those of nature in the spirit of the circular economy.

"Our inventions in the circular economy and biodegradability spring from a profound feeling of duty to our world and a desire to act in ways that future generations may be proud of," says Lenzing Group Member Robert van de Kerkhof.

ALSO READ Lenzing: Stephan Sielaff new CEO

Lenzing continues to make strides toward Group-wide climate neutrality with the realization of two significant projects in Brazil and Thailand, as well as €200 million in investments at existing Asian facilities in China and Indonesia.

Lenzing is the first fiber company to commit to reducing carbon emissions by half by 2030 and becoming carbon-neutral by 2050.

The Science Based Targets (SBT) organization has evaluated and certified this carbon reduction aim.

The relationship with Swedish pulp manufacturer Södra, the business said in a statement, "marks a further milestone in Lenzing's efforts to achieve its ambitious climate and sustainability goals."

RELATED NEWS Lenzing Group with strong operating result in 2021

These two global market leaders, who have been actively pushing the circular economy in the fashion sector for many years, are teaming together to give the issue a boost and make a significant contribution to alleviating the worldwide textile waste problem. It is also planned to expand the capacity for recovering pulp from discarded textiles.

By 2025, the objective is to be able to recycle 25,000 tonnes of discarded textiles. In terms of non-financial reporting, Lenzing is likewise breaking new ground. From 2022, it will make its sustainability report available in digital format.

RELATED NEWS Lenzing: Comes up with global lyocell facility

"We established a goal for ourselves to represent Lenzing's high degree of creativity in terms of communications, and we're forging new and inventive ground in this area."

For the first time this year, we are able to publish our reports in digital and hence interactive form.

This not only makes our reporting more user-friendly, but it also happens where the bulk of our users are — online," Dominic Köfner, Vice President of Corporate Communications & Public Affairs, explains.

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CREDITS: Apparel Resources.

05 April 2022, Mumbai:

Leading manufacturer and exporter of home textiles, Indo Count Industries has acquired the home textile business of GHCL in Gujarat, through slump sale and acquisition of specified assets of Grace Home Fashions LLC for Rs 592.8 crore.

The acquisition will catapult Indo Count to a leadership position in the Global Home Textiles Bedding segment: The company will become the world's largest home textile bedding manufacturer, with an annual capacity of 153 million meters.

ALSO READ Indo Count Q3 FY22 results

It will add ~ Rs.1,300 - 1,500 crore p.a. to the top line of the company at peak capacity Indo Count will add a whole new avenue of customer base which is untapped, thereby leading to a gain in global market share.

RELATED NEWS Indo Count Industries Ltd set to acquire 'GHCL Ltd, Home Textile business'

Current customers of GHCL Home Textile business will gain access to ICIL's full product portfolio consisting of fashion, utility, and institutional bedding The customer-centric approach will enable ICIL to be more flexible and strengthen customer service levels resulting in a strong Global Supplier and Brand in the Home Textile Industry.

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CREDITS: An Equity Bulls report.

08 April 2022, Mumbai:

Spotlight on the Montex stenter at ITM.

ITM 22 international textile machinery show which is taking place from June 14-18 at the Tüyap Fair and Congress Centre in Istanbul, after a three-year break.

READ MORE Texhibition Istanbul Fabric and Textile Accessories Fair, March 16-18

“We will be emphasising the robustness and versatility of the Montex stenter for essential processes such as drying, stretching, heat-setting, and coating at the Istanbul show,” said Monforts Area Sales Manager Thomas Päffgen.

RELATED NEWS Istanbul Fashion Connection launched successfully

“The Montex has become the industry standard for the fabric finishing industry, providing a number of advantages in terms of production throughput and especially in energy efficiency and savings.”

With the latest Montex stenters, overall energy savings of up to 40% can now be achieved compared to a conventional stenter with no heat recovery or energy optimisation measures like high-quality chamber insulation.

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07 April 2022, Mumbai:

With 4,856 customers and business inquiries worth Rs. 3,650 crore, the IHGF Delhi Fair comes to a close.

The 53rd edition of the IHGF Delhi Fair was a success, with 4,856 buyers and buying agents from 92 countries attending and generating business inquiries worth Rs. 3,650 crore.

Raj K Malhotra, Chairman, EPCH, Dr. Rakesh Kumar, DG, EPCH & Chairman, IEML; Members of the EPCH Committee of Administration; and RK Verma, Executive Director, EPCH were all present at the valedictory event. The IHGF Delhi Fair had 2,596 exhibitors and was well-attended by the worldwide sourcing community.

ALSO READ 53rd IHGF Delhi Fair 2022: CONNECTING THE BEST IN INDIA's

Many purchasers chose eco-friendly and compatible options in home and leisure items, putting sustainability at the forefront. Among other household items, European shoppers have found fascinating frequent use bags as alternatives to plastics.

"Our purchasers have been pleased to realize that we share the worldwide concern for environmental preservation," RK Malhotra remarked. They were impressed by the items on the show by our exhibitors, which all confirmed current and forthcoming trends in worldwide markets, making them in great demand."

RELATED NEWS IHGF, Export Promotion Council for Handicraft (EPCH) registers heavy turnout, business enquiries surge

"While many established players (manufacturers/exporters) in India have taken decisive steps to be socially and environmentally responsible and compliant, and are certified," Dr. Rakesh Kumar said, "there are many artisans and manufacturers at the grassroots level whose business model is essentially based on sustainability." Through this fair, we've brought them to the fore."

Exhibitors were also presented Ajai Shankar Memorial Awards for Best Design Display. Ayush Behal of Alpha Corporation, Ludhiana (Gold); Chirag and Sanya Parnami of Seen Unseen, Jaipur were awarded in the Home Textiles, Furnishings, and Floor Coverings category (Silver).

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CREDITS: PBI.

05 April 2022, Mumbai:

Bangladesh Denim Expo is The One-Stop Innovative Denim Sourcing Platform for Denim Industry.

Bangladesh Denim EXPO is an International Denim Trade Show, The exhibition is a one-stop innovative sourcing platform in Bangladesh for the global denim industry.

 

ALSO READ Bangladesh Denim Expo in Dhaka on 11th and 12th November: An Overview

The trade show celebrates and explores the world of denim, it’s an exclusive event for only authorized trade visitors. Selective vendors can network, build contacts and meet others involved in the denim industry.

 

Companies involved in sustainable solutions will also be present providing advice for protecting our people and the planet.

RELATED NEWS 12th edition of Bangladesh Denim Expo to happen in 2022

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

08 April 2022, Mumbai:

Archroma, a global leader in specialty chemicals towards sustainable solutions, has announced the launch of a collaboration with the University of North Carolina Greensboro (UNCG) and its Consumer, Apparel, and Retail Studies (CARS) department, aiming to further the education of its students in the area of color management expertise.

ALSO READ Archroma x Jeanologia launch eco-conscious denim cleaning

As per the agreement, Archroma will donate its leading-edge industry color management tools for their design projects, gaining hands-on expertise that equips them for successful careers in the fashion and textiles industries.

The students will have access to a complete set of the ready-to-use color library developed by Archroma for cotton and polyester.

RELATED NEWS India will be the most profitable market for textile chemicals due to its rapid expansion

The library, well known among fashion designers and stylists as the Color Atlas by Archroma®, was launched in 2016 to provide off-the-shelf color inspiration that can be implemented in production with just a few clicks.

“Archroma is very proud to help grow a young generation of students who launch in their careers armed with hands-on experience on our innovative color management tools,” says Fred Gliddon, Dyeing Operations and Sales Manager at Archroma.

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06 April 2022, Mumbai:

Vardhman Textiles Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS.

ALSO READ Vardhman Textiles: Q3 FY22 reported reported

This is to inform you that the Committee of Directors (ESOP Plan 2016) of the Company, at its meeting held on April 4, 2022, has allotted 79,750 Equity shares of face value Rs. 2/- each to the eligible employees of the Company who have exercised their stock options under Vardhman Textiles Limited Employee Stock Option Plan, 2016.

RELATED NEWS Vardhman Textiles in India is educating kids about the importance of sustainability

These shares shall rank pari passu with the existing equity shares of the Company in all respects.

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CREDITS: ET Money Control Business Line (The news article has not been edited by DFU publications staff).

05 April 2022, Mumbai:

Natural fibres for high-tech applications

Sustainable solutions for composite reinforcements and exhibition launch for STOLL – KARL MAYER with two highlights at JEC World, 3 – 5 May 2022 in Paris After being postponed in March due to the pandemic, the upcoming JEC World 2022 will now take place from 3 to 5 May at Paris Nord Villepinte as an in-person event.

ALSO READ Karl Mayer: New perspectives through precise lace symmetry

What’s more, the JEC World Connect digital platform will also provide an online presence.

The industry- leading international exhibition regularly brings together the entire value chain of the composites industry and is eagerly awaited this year since it was cancelled in 2020 and then held as an online-only event in 2021.

As an exhibitor, KARL MAYER Technische Textilien is also looking forward to exchanging ideas with its customers at stand Q 64 in Hall 5. Presentation highlights will include solutions for composites made of natural fibres.

“We have been focusing on this topic for about two years. Since in-person exhibitions were cancelled in the wake of the coronavirus pandemic last year, we’re only just getting an opportunity to show our samples and example products now.

RELATED NEWS KARL MAYER opened a new innovation hub for sectional warping in India

We are looking forward to premiering our new developments,” said Hagen Lotzmann, Sales Manager at KARL MAYER Technische Textilien. In Paris, he and his team will present a snowboard made from a non-crimp fabric produced using flax fibres on the COP MAX 4 multiaxial warp knitting machine.

As a renewable raw material, flax is a sustainable alternative to glass and carbon. While glass and carbon fibres are firmly established in the composites sector thanks to their performance properties, they can only be manufactured using a great deal of raw materials and energy.

KARL MAYER Technische Textilien will also be exhibiting reinforcement solutions made from tried-and-tested high-performance fibres at JEC World 2022, including high-quality carbon non-crimp fabrics manufactured on a COP MAX 5 for aircraft and automotive construction, and warp-knitted fabrics with weft insertion from the WEFTTRONIC® II G, which is currently setting trends with its products – particularly in the construction industry.

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