CHINA
Textile (137)
Ludhiana-based Vardhman Textiles, a leading textile company in India, recorded highest ever quarterly net profit of Rs 177.81 crores for the quarter ended September, 30, 2013. The net profit rose 154 per cent as compared to the corresponding quarter last year, when it stood at Rs 69.95 crores. On a sequential basis, net profit increased by 23 per cent. The half yearly profit was Rs 322.31 crores. On the expansion side, during the quarter ended September, 30, 2013, an additional 62,496 spindles, 960 rotors and 120 looms became operational at various manufacturing units of the Group. Net sales of the…
Assam will soon get to witness 16th century handwoven pictorial textile. This is a rare piece of ancient Brindabani 'bastra', created by Srimanta Sankardeva at the request of Koch-Rajbongshi king Naranarayan, which is preserved in the British Museum in London. The 16th century handwoven pictorial depicts incidents in life of Lord Krishna and Lord Rama. It was woven by a village of weavers at Tantikuchi in Barpeta district as a gift for Naranarayan under the instruction of Sankardeva. It is not confirmed whether the textile in the British Museum is the original one, but is believed to be so. Chief…
With China cutting imports orders due to withdrawal of some export incentives, Indian cotton yarn exporters are witnessing piling up of inventories and drop in demand. Weak demand in the domestic market is further adding to their woes causing higher inventory levels. Despite the current situation, industry expects exports to reach an all time high of 1,200 million kg in 2013-14 because of the positive demand for cotton yarn from China and South American countries witnessed at the beginning of this financial year. The Cotton Advisory Board has said so far, 1,000 million kg of yarn had been exported. However, the industry expects…
Indorama Ventures Public Company (IVL), the world’s largest polyester value chain company, saw an improvement in its business in the third quarter of 2013, with revenue climbing by 11 per cent to $1.9 billion from $1.7 billion in Q3 of 2012. The company experienced its highest EBITDA of the past eight quarters, up 23 per cent over the last quarter to $131 million. In line with EBITDA growth, IVL achieved a net profit after tax and minorities of $35 million in Q3, versus $7 million in Q2 2013. A modest recovery of prices led to an inventory gain of $8…
Jaya Shree Textiles, a part of Aditya Birla Nuvo, plans to invest Rs 250 crores to further expand yarn and fabric production at its Rishra (West Bengal) manufacturing unit. It will fund the second round of expansion through internal accruals. The company sees the niche market for linen fabrics, registering quicker growth in India, as fabric makers introduce new designs to attract the younger generation. The earlier round of Rs 100 crores expansion of its Rishra facility is set to be completed this month, taking its production capacity to 3,000 tonnes of yarn and 10 million metres (metres) of fabric…
Jaipur Bloc is a cluster of companies who have come together to support the sustainable production of handcrafted textiles. It includes small and medium-sized enterprises that create handcrafted products for the Indian domestic market as well as for global trade. The bloc is committed to products made by the hands of people and values unique prints and designs made possible by the human touch. Its member companies produce high quality, hand-made items like block-printed linens, clothing, and other home furnishings. The Bloc provides easy accessibility to textile made-ups and other home décor and even hand-sewn felt products. Some of the…
The Controller of Legal Metrology recently raided godowns of the Birla Group owned companies at Bhiwandi in Mumbai. Yarns worth around Rs 77 lakh were seized for want of proper packaging on the material. The seized goods comprised yarn manufactured by Century Rayon of the BK Birla Group worth Rs 43, 92, 500 and Aditya Birla Nuvo worth Rs 33, 00, 000. The raid took place under the direct guidance of the Controller of Legal Metrology, Ashok Dongre. An official release stated that the seized goods did not have any declaration as stipulated in the Weights and Measures Act and…
Taiwan, one of the largest textile exporters in the world, is now coming to India and will present their range of cutting edge textile products to Indian apparel manufacturers at the Taiwan Textile Fairs in South Asia 2013. It will be held from November 19-20 at New Delhi’s Le Meridian Hotel Inspire Hall; and on November 22-23 at Bangalore’s, The Oberoi, Orchid Room. The Taiwan textile industry is internationally renowned for its manufacturing excellence. Their superior quality yarn, innovative fabrics and textile products sets them apart. The India fairs will showcase a variety of products ranging from sports knitting, jersey,…
A study by Assocham reveals that about 30 per cent of all the textile mills in India were non-operative in the period 2000-2010. The organized textile sector in India employs over 1.4 million people, contributing about 4 per cent to the country’s GDP and 10.1 per cent to total exports earnings. India possesses competitive advantages in textile manufacturing compared to the West. However, China and Bangladesh kept their edge in the global textile market. While China almost trebled its global market share to over 30 per cent in the last decade, India’s share crept up marginally from 3.5 per cent…
Being the single largest producer of Tussar silk in the country, Jharkhand is set to help India bridge the huge gap with China in silk production. “We are a distant second behind China which produces 90,000 meters of silk as against India's 23,000 meter per annum. We have made a vision document to increase silk production and promote livelihood in Jharkhand,” opined Dhirendra Kumar, Managing Director of Jharkhand Silk Textiles & Handicrafts Development Corporation (Jharcraft). Jharkhand is the sole supplier of certified organic Tussar in the world and it has a huge potential to increase production with its experienced weavers, particularly…
- SIUF
- Home Textile
- TPF
- HW
