04 April 2022, Mumbai:

Sangam (India) has invested Rs 7.60 crore in Sangam Ventures, a wholly-owned subsidiary.

Incorporated on December 03, 202l, Sangam Ventures shall set up a world-class plant for seamless garments.

ALSO READ Sangam India plans to increase its cotton production capacity

The product range will comprise garments in various blends such as polyamide, spandex, polypropylene, and natural fibres.

The new plant of the WOS is in the process of implementation. Established in 1984, Sangam India.

It is one of the foremost producers in PV dyed yarn, cotton, and OE yarn, and also ready to stitch fabric.

RELATED NEWS Sangam India: On The Top Of Sustainable Solutions Agenda

The NSE & BSE listed company produces 35 million meters of PV fabric and 48 million meters of denim fabric annually.

This magnitude of production is possible with a highly organized production base equipped with more than 2,36,000 spindles and 2300 rotors.

The Group has also introduced a seamless garment manufacturing facility with 52 seamless knitting machines that have the capacity to produce 5.4 million pieces per annum. 

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01 April 2022, Mumbai:

According to media reports, the Union Government is considering selling the loss-making National Textile Corporation (NTC). The sale will be submitted to the cabinet for approval soon.

The Ministry of Textiles owns the NTC, which was founded in April 1968. (MoT).

NTC has been losing money for the past two decades and more, but it made a technical profit of Rs. 969 crore in FY17 after accounting for capital gains from the sale of a slew of prime properties and land parcels in Mumbai and elsewhere.

ALSO READ Tamil Nadu trade unions urge for reopening of 'National Textile Corporation (NTC)' mills

According to rumors in the media, the Union Government is considering selling the National Textile Corporation, which is losing money (NTC). The sale will be presented to the cabinet for approval in the near future.

The NTC, which was created in April 1968, is owned by the Ministry of Textiles. (MoT).

NTC has been losing money for the past two decades and more, according to a report published by Financial Express, a leading business daily, but it made a technical profit of Rs. 969 crore in FY17 after accounting for capital gains from the sale of a slew of prime properties and land parcels in Mumbai and elsewhere.

RELATED NEWS SIMA: India to face a cotton shortage

NTC's net loss for the fiscal year 2019-20, the most recent year for which financials are available, was Rs. 350 crore, up 13% year on year.

Its turnover in the same fiscal year was Rs. 850 crore, down 21% from the previous year, and its net worth was Rs. 1,381 crore, down 20% from the previous year.

The most recent attempt to resurrect the corporation came in 2012, when the then-Board for Industrial and Financial Reconstruction recommended a package (BIFR).

RELATED NEWS

Around Rs. 5,500 crore was paid as part of the package to cover a variety of costs, including overdue statutory dues, one-time settlements (OTS) with financial institutions, interest payments, and compensation under the amended VRS.

Under the rejuvenation project, NTC has invested Rs. 1,646 crore in modernizing its mills. Despite this inflow of cash, the Corporation has yet to become operationally profitable, owing in part to rising raw material costs.

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CREDITS: Financial Express & Apparel Resources.

31 March 2022, Mumbai:

From 21 to 24 June, the trade fair duo Techtextil and Texprocess and, uniquely, the Heimtextil Summer Special will open their doors simultaneously, each presenting a broad global product spectrum and the latest trends in the fields of technical textiles, the textile processing industry, and textile interiors.

ALSO READ ACIMIT, ITA organize Italian Pavilion @ Techtextil North America,May'22

Find here details about the product range, innovative special topics, and the synergies of the three trade fairs along the textile value chain, give you an understanding of the digital expansion of the technical textile fairs and at the same time focus on cross-fair future topics such as sustainability.

Available via live stream on April 6, at 1 p.m. (CEST).

RELATED NEWS Showcasing the limitless nonwovens possibilities at Cinte Techtextil China 2022

Speakers:

Detlef Braun, Member of the Executive Board of Directors, Messe Frankfurt Olaf Schmidt, Vice President Textiles & Textile Technologies, Messe Frankfurt Michael Jänecke, Director Techtextil, Texprocess, Messe Frankfurt

RELATED NEWS

Live transmission: Dirk Vantyghem, Director General, EURATEX - European Apparel and Textile Confederation Elgar Straub, Geschäftsführer, VDMA e.V.

Moderation:

Ivonne Seifert, Director Marketing Communications, Textiles & Textile Technologies, Messe Frankfurt

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04 April 2022, Mumbai:

The global denim industry is hoping to see more in-person events this year. 

Founder

Truth be told, many buyers are essentially abusive to their supply chain, flaunting their power only because they can and, in many cases, because they do not care about all those people throughout the supply chain who rely on them. There is no reset for those people.

ALSO READ KINGPINS SHOW PLANS NEXT PHYSICAL EVENT IN AMSTERDAM

There is only a need for rules and a need for penalties for breaking those rules. Everyone understands that and surely now is the time to build new structures for the future.

The last and most important element that our industry needs to face is transparency. When I spoke to students for so many years at the Fashion Institute of Technology, I always told them that the real question to ask of their jeans brands or retailers was “why are they not transparent?”

The reason these companies are not transparent is simply that they choose not to be, which is a frightening position.

RELATED NEWS Physical fashion shows comeback with a vengeance!

*Kingpins Show announced Wednesday plans to return to in-person events in its hometown. Kingpins New York will take place on July 20-21 at its pre-pandemic venue Pier 36—also known as Basketball City.

The denim industry event will be the organizer’s first in New York since November 2019.

New York City has loosened its covid protocols for large-scale events. As of March 7, the city ended required proof of vaccination for restaurants and indoor venues including entertainment venues. Face coverings are also no longer required inside buildings.

Organizers will get their first taste of physical events April 20-21 when Kingpins returns to Amsterdam. The show will be held in a brand-new venue, SugarCity.

Trade shows, in general, are moving forward with plans. Denim Premiere Vision will take place in Berlin May 17-18. Project New York is scheduled to take place alongside Society for International Menswear and the Man/Woman shows July 18-19.

Munich Fabric Start’s View Premium Selection show for June 21-22 is fully booked. Bluezone will take place from August 30-31.

More details will be announced in the coming weeks.

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CREDITS: Kingpins News Break & Sourcing Journal.

01 April 2022, Mumbai:

Odisha, one of India's most populous states, has authorised the free long-term allocation of two acres of additional land close to the National Institute of Fashion Technology (NIFT) campus in Bhubaneswar.

*National Institute of Fashion Technology (NIFT), Bhubaneswar, organised a three-day training programme on natural dyes for handloom weavers at Weavers’ Service Centre here on Thursday.

ALSO READ The National Institute of Fashion Technology (NIFT) in Bhubaneswar has been given an extra two acres of land

The program was being implemented as part of a consortium in which NIFT, Bhubaneswar, the State Agency for the Construction of Handloom Clusters (SADHAC), director textiles, the Odisha government, and the Central Silk Board are all involved.

In order to successfully implement the scheme, the Weaver Service Centre (WSC) is providing technical assistance.

RELATED NEWS NIFT is planning to provide hybrid online courses

Weavers from various handloom clusters of the state like Nuapatna, Maniabandha, Gopalpur, Atta and Bhagamunda participated in the programme that aims to help the craftsmen in understanding the application of natural dyes on the handloom.

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CREDITS: TOI The Times Bureau (The news article has not been edited by DFU Publications staff).

30 March 2022, Mumbai:

Strict lockdowns and mass vaccination programs helped the Indian textile engineering industry (TEI) stage a quicker-than-expected recovery from the second COVID wave in Q3 and Q4 of 2021-22.

Production value to surge

Figures from Textile Machinery Manufacturers Association (TMMA) (I) show, Indian TEI managed to reduce its annual production losses in 2020-21 by -5 percent to Rs. 5,093 crore from Rs 5,355 crore in 2019-20.

ALSO READ World trade rebounds to record high in Q1 2021: Global Trade Update, UNCTAD

Production of textile machinery is estimated to surge 52 percent to Rs 8,056 crore during 2021-22 with the value of production including spare parts and accessories estimated to grow 58 percent to Rs 1,229 crore from Rs 777 crore in 2020-21.

The rise in exports and imports

In 2021-22, textile exports are estimated to surge 70 percent to Rs 5,250 crore. Export of textile spare parts and accessories are also expected to grow 55 percent to Rs 1,600 crore in 2021-22 from Rs 1,029 crore in 2020-21.

Imports on the other hand are estimated to rise 152 percent to Rs 11,500 crore in the current fiscal as against Rs 10834 crore in 2018-19, says a Textile Value Chain report.

Import of spare parts and accessories are estimated to rise 33 percent to Rs 2,500 crore in 2021-22 as compared to Rs 1,881 crore in 2020-21.

Weaving and processing orders to rise

The rise in exports and decline in imports can be attributed to the pent-up demand created by the lockdowns of 2020-21 and 2021-22. Exporters rushed in to cash in on the business opportunities thrown in by the liquidity infusion by various governments in the market and revenue spending by consumers.

RELATED NEWS Levi Strauss & Co’s optimistic full-year profit outlook fuelled by ‘Quick Demand Rebound’

Industry leaders, especially those involved in the spinning sector, confirmed having enough orders to last till 2023-end.

They denied accepting any new orders. Other segments such as weaving and processing have not picked up in proportion to the spinning segment.

However, they are expected to log in new orders soon helping the Indian Textile Engineering Industry rise like the proverbial phoenix bird.

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02 April 2022, Mumbai:

BIRLA CELLULOSE COLLABORATES WITH RENEWCELL FOR MANMADE FIBERS PRODUCTION.

Grasim India’s unit, Birla Cellulose, has entered into a long-term commercial collaboration with Swedish textile-to-textile recycling innovator Renewcell, for the production of man-made cellulosic fibers.

ALSO READ Birla Cellulose: Lyocell with Nanollose

The collaboration aims at supplying high-quality Liva Reviva textile fibers made using Circulose, Renewcell's 100 percent recycled textile raw material, to global fashion brands and the textile industry in the coming years.

As per the agreement facilitated by Ekman Group, Birla Cellulose will use Circulose as one of the feedstocks in the production of man-made cellulosic fibers under the brand Liva Reviva.

In the pulp and fibre business of the Aditya Birla Group, Birla Cellulose is a leading Man-Made Cellulosic Fibres (MMCF) producer.

RELATED NEWS Grasim Industries, Birla Cellulose aims to reduce its net carbon emissions to zero across all its operations by 2035

The company operates 12 sites for pulp and fibre manufacturing that apply environmentally efficient closed-loop technologies including recycling materials and enhanced conservation of natural resources.

Grasim Industries is a leading global producer of viscose staple fibre (VSF) in India.

Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, the company is also India's largest cement producer and a leading diversified financial services player.

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31 March 2022, Mumbai:

Dr. Janpeter Horn, Managing Director of August Herzog Maschinenfabrik, is the new Chairperson of the VDMA Textile Machinery.

Dr. Horn was elected at the members’ meeting of the Association in Leonberg. The new Executive Board is completed with Ms. Regina Brückner, Managing Associate of Brückner Trockentechnik and Ms. Verena Thies, Managing Shareholder of Thies Textilmaschinen, who were elected as Vice Chairpersons.

After his election, Dr. Horn stated: “I am pleased to have Ms. Brückner and Ms. Thies by my side.

ALSO READ VDMA: Webtalk on recycling of man-made fibres with more than 400 registrations

Both have been serving on the Executive Board of the VDMA Textile Machinery as well as the European Committee of Textile Machinery Manufacturers CEMATEX for many years.

With this team, we are well prepared to effectively represent the interests of the industry at national and international level.” Based in Oldenburg, Northern Germany, Herzog is a company with a long tradition and at the same time the most innovative developer and manufacturer of braiding and winding machinery.

Worldwide references in braiding and winding technique confirm the company’s technical and quality leadership.

RELATED NEWS Former Chairman of VDMA Textile Care, Fabric and Leather Technologies Reinhardt Veit deceased

The new Executive Board of the VDMA Textile Machinery for the legislative period until 2026 is composed of:

Dr. Janpeter Horn (Chairperson), August Herzog Maschinenfabrik Regina Brückner (Vice Chairperson), BRÜCKNER Trockentechnik Verena Thies (Vice Chairperson), THIES Peter D. Dornier, Lindauer DORNIER Stefan Flöth, A. Monforts Textilmaschinen Arno Gärtner, KARL MAYER STOLL Textilmaschinenfabrik Markus Kleindorp, MEMMINGER-IRO Andreas Lukas, ANDRITZ Küsters Benjamin Mayer, Mayer & Cie. Dr. Jörg Morgner, Temafa Maschinenfabrik Benjamin Reiners, Reiners

+

Fürst Dr. Uwe Rondé, Saurer Group Eric Schöller, Groz-Beckert Georg Stausberg, Oerlikon Textile Heinrich Trützschler, Trützschler Group

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02 April 2022, Mumbai:

Jeanologia, the world leader in sustainable and eco-efficient technology development, introduces Colorbox, a revolutionary technology for garment dying transforming the traditional way that garments are dyed in an efficient and faster process that respects the environment.

ALSO READ Jeanologia: Colorbox, sustainable alternative for garment dying

Dying is one of the most polluting processes in the fashion industry and with high production costs.

Jeanologia is committed to creating an ethical and ecoefficient textile industry.

It’s how we do business, and how we respond to what our planet, our industry, and our customers need. The product is our target and sustainability is our way to achieve it.

RELATED NEWS Archroma x Jeanologia launch eco-conscious denim cleaning

It has long pursued a sustainable journey on four key pillars:

• People
• Planet
• Product
• Profit

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CREDITS: Jeanologia.

31 March 2022, Mumbai:

TENCEL (TM) and RCGD Global celebrate eco-couture at the Oscars® and reveal the winning looks from the Global Design Contests in 2020 and 2021.

For the third year, TENCEL(TM), Lenzing's flagship textile brand, and RCGD Global (previously known as Red Carpet Green DressTM) collaborate to highlight eco-couture at the 94th Academy Awards® (commonly known as "the Oscars").

RCGD Global and TENCEL(TM) also announced the winning designs of the 2020 and 2021 Global Design Contests for the first time on March 25 at a Pre-Oscars celebration in Los Angeles as part of the collaboration.

ALSO READ Lenzing AG: Stephan Sielaff, new CEO

RCGD Global is a global change-making organization driven by women that works from "moment" to "movement," bringing global cultural sustainability to the forefront of discourse and action in the fashion and design sector.

"We are happy to work with RCGD Global for the third consecutive year in greening up the Oscars and empowering upcoming designers through the global design challenge," said Harold Weghorst, Global Vice President of Marketing and Branding at Lenzing AG.

These events are significant steps toward our goal of bridging the gap between high-end fashion and positive environmental impact.

The continuous relationship supports our broader objective to provide brands and designers with sustainable solutions, concentrating on strengthening circularity and developing a totally transparent supply chain, as we celebrate TENCEL(TM)'s 30th anniversary this year."

RELATED NEWS Lenzing expands its REFIBRA technology to mark one year since the debut of carbon-free TENCEL branded fibres

On the red carpet of the Oscars this year, three custom-made dresses made of customized fabrics produced from TENCEL Lyocell fibers and TENCEL(TM) Luxe filament yarn were highlighted.

TENCEL(TM) trademarked lyocell fibers are made in a closed loop process from sustainably sourced natural raw material wood and are entirely biodegradable and compostable.

'It was a joyous occasion to celebrate our Pre-Oscars party after two years of distant activities,' stated Samata Pattinson, CEO of RCGD Global.

RELATED NEWS  Lenzing: Comes up with global lyocell facility

It was wonderful to see so many of our friends and supporters in one place to celebrate fabrication and technical advancements in the fashion industry, as well as to finally show off Sanah Sharma, Jasmine Kelly Rutherford, and Yuriko Fukuda's winning designs from the RCGD Global Design Contest.

We're also looking forward to continuing the celebrations on the red carpet at the 94th Academy Awards® with our yearly sustainable dresses designed with our partner TENCELTM."

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CREDITS: PR News Wire & Apparel Resources.

30 March 2022, Mumbai:

The predominantly cotton based textile industry is facing a long drawn recession on cotton front as the cotton price has increased from Rs 44,500/- per candy in February 2021 when the 11% import duty was levied on cotton to Rs 90,000/- per candy now.

The steep increase in cotton price and its impact on prices of yarns and fabrics is severely impacting the potential growth of the cotton textile value chain.

Though the industry could manage the unprecedented COVID pandemic challenges with various policy interventions relating to export especially RoDTEP, RoSCTL etc., the industry started incurring cash loss and facing difficulty in meeting the export commitments.

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

It is feared that the industry might face cotton shortage during August to October resulting in industrial unrest.

There is no reliable data available regarding the stock maintained by the kapas traders, ginners and cotton traders.

In the case of spinning mills, only around 40% of the mills provide data to the office of the Textile Commissioner.

RELATED NEWS SIMA, CHAIRMAN: Indian Textile Mills concerned about global order cancellations

Therefore, the cotton traders are hoarding the cotton and speculating the price on a daily basis taking advantage of futures trading in MCX and NCDEX.

Though the cotton prices occasionally move in tandem with international price, quality cotton is not sold and mills started facing shortage.

Therefore, the industry has been demanding to withdraw the 11% import duty to have a level playing field, sustain the export performance and compete with the cheaper imports from countries like Bangladesh.

RELATED NEWS  SIMA: India to face a cotton shortage

In a joint Press Meet held today at SIMA Conference Hall, Coimbatore, Mr.T.Rajkumar, Chairman, Confederation of Indian Textile Industry (CITI), Mr.Ravi Sam, Chairman, The Southern India Mills’ Association (SIMA) and Mr.Raja M Shanmugam, President, Tirupur Exporters’ Association (TEA) addressed the Press and briefed regarding the grave situation being faced by the entire cotton textile value chain across the country.

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