Arvind limited has recorded consolidated revenue for the fourth quarter stood 2,990 crore, a growth of 21 per cent over the corresponding quarter of the previous year due to strong performance across business segments. Consolidated EBIDTA grew by 29 per cent to 292 crore as compared to 226 crore in the corresponding quarter of the previous year. Profit after tax before exceptional items grew by 7 per cent to 110 crore as compared to 102 crore in the corresponding quarter for the last year due

Li & Fung, a leading supply chain solutions partner for consumer brands and retailers, has entered into a strategic cooperation agreement with Softwear Automation, a US company that develops innovative sewing technologies for manufacturing automation in the home goods, footwear and apparel industries. The partnership leverages Li & Fung’s supplier network and Softwear’s autonomous sewing worklines, with the aim of creating a fully-digital manufacturing supply chain for apparel and t

KARACHI: Huge amount of exporters’ liquidity of billions of rupees in shape of refunds of sales tax claims, customs rebate, withholding tax and payments of DDT and DLTL have been stuck up with the government causing great sufferings to the already harassed and burdened exporters who are now at a loss to understand how to make both ends meet and such an alarming situation will ruin the export business of the value-added textile exporters. The government has been making just announcements wit

Kenya’s exports of goods to the US under the African Growth and Opportunity Act (AGOA) declined by 4.65 per cent or Ksh1.6 billion ($15.9 million) in 2017. The exports, mainly textile items, fell from Ksh34.4 billion ($343.3 million) in 2016 to Ksh32.8 billion ($327.3 million) last year, Kenyan media reports said quoting Economic Survey released last week. Capital investment too dropped last year by 14.1 per cent. “The value of exports reduced for a second consecutive year… with capital inv

Entrepreneurs from China are considering making investment in the Yangon region of Myanmar. They have discussed the expansion of garment industry in Yangon industrial zones with the Yangon Region Investment Committee, according to Myanmarese media reports. The garment industry in Myanmar is rapidly growing due to demand from the EU and Asian countries. Myanmar already has several garment factories in joint venture with entrepreneurs from Japan, China, Taiwan and South Korea. The garmen

Staubli, one of the world’s leading manufacturers of high-speed textile machinery, has launched its latest innovative weaving machines for technical fabrics. The company has decades of experience as a supplier of shedding solutions for weaving machines, weaving preparation systems, and complete carpet weaving systems in the traditional textile industry. The new MAGMA T12 warp tying machine ties monofilaments, coarse multi-filaments, PP ribbons, bast fibres, coarse staple fibres, and many o

Louis Dreyfus Company (LDC) has installed Applied DNA Sciences’ SignatureT cotton traceability system at its Moree gin in Australia to tag, test, and track pure HomeGrown Australian cotton. LDC is a leading merchant and processor of agricultural goods headquartered in Australia. Applied DNA is a supplier of molecular technologies for supply chain security. The system will enable LDC to match increasing consumer and retailer demand for sustainable cotton, demonstrating traceability along th

A group of nine sustainably oriented textile dye and chemical producers has issued an open letter to the Stichting ZDHC Foundation defining some principles and expectations that require clarification/commitment in order to officially contribute to the ZDHC Foundation. The signatory companies will review the progress made by ZDHC after a 12-month period. Under the banner of Evoxess GmbH, the nine signatory companies, viz Archroma, Colourtex, DyStar, Huntsman, Jay Chemical, Protex, Pulcra, Ru

Cotton Association of India (CAI) has retained its cotton crop estimate for the ongoing crop year 2017-18 at 360 lakh bales of 170 kg each. As on April 30, 2018, around 86 per cent of the estimated crop had already arrived in the market. The stock at the end of April 2018 is estimated at 97 lakh bales including 52 lakh bales with textile mills. The CAI, however, has made small changes in the state-wise production figures for the cotton season beginning October 1, 2017. The production figure

Online retailer Amazon is inviting customers into a New York office to learn how their body shape and size varies over a 20-week time period, according to The Wall Street Journal. Volunteers chosen from a survey will visit the office twice a month to allow Amazon keep tab on their body shape and size. In return, Amazon will give gift cards worth up to $250. The new exercise has come up after Amazon’s recent acquisition of Body Labs, a computer vision start-up. Subsequently, the company has