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Textile sector in India tops the chart in 2005
In a recent study conducted among thirty five industries, textile was one of the best performers during October-December 2005 compared to October-December 2004, sources said here. During October-December 2005 the total net profit of 235 textile companies...more
by Textile Intelligence
View more news from [ New Delhi ] [ India ]

Eastern Silk Q3 net profit up 41%; EPS at Rs 24.22
Eastern Silk Industries Ltd (ESIL), a leading exporter of silk fabrics, has reported 41 per cent jump in its net profit for the quarter ended December 31,2005 to Rs 109.2 Million compared to Rs 77.2 Million in the corresponding quarter last year....more
by Textile Intelligence
View more news from [ Calcutta ] [ India ]

Trumac Engg, high on confidence, bullish on Indian market
The Ahmedabad-based Trumac Engineering Company Pvt. Ltd, which is engaged in manufacturing and marketing of spinning preparatory machinery, is also set to widen its product range by taking advantage of the bullish Indian market....more
by Textile Intelligence
View more news from [ Ahmedabad ] [ India ]

Reliance's Polyester Fiber output increases
Reliance Industries (RIL), the world's largest producer of polyester fiber and yarn, has reported a net profit of almost Rs. 66 billion (US$1.46 billion) for the nine months ended on December 31, 2005....more
by Textile Excellence
View more news from [ Mumbai ] [ India ]

Indian textile companies on a roll
Jaybharat Textiles and Real Estate Ltd, a flagship company of Saurabh Kumar Tayal Enterprises has recorded impressive Q3 results. The company achieved net sales of Rs 520.6mn during Q3 ended 31st December 2005 as against net sales of Rs 169.9mn during...more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

AF&Y announces plant capacity expansion, more jobs
Citing substantial growth in demand for its fibers and yarns, American fibers and yarns Company (AF&Y) announced plans to increase its fiber extrusion capacity by 30% and its texturing capacity by 25%....more
by Textile Intelligence
View more news from [ North Carolina ] [ USA ]

Indian textile industry booming with rising exports
After the elimination of textile quotas the prices of textile shares, in the Indian bourses, have risen drastically. Companies like Arvind Mills, Aarvee Denim, Gokaldas Exports, and Mahavir Spinning have all gained from this situation....more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

Terrot may stop producing new machines
German circular knitting machine builder Terrot has said it will stop producing new machines as early as March 2006 if it cannot find a suitable investor....more
by Textile Intelligence
View more news from [ Stuttgart ] [ Germany ]

Indo Rama Textiles PAT up by 57% for Q2 05-06
Indo Rama Textiles Ltd. (IRTL), today announced its financial results for the quarter ending September 30, 2005...more
by Textile Excellence
View more news from [ Mumbai ] [ India ]

Walmart reports rise in earnings
Worlds largest retailer, Wal-mart stores Inc., said earnings rose this Monday by 3.8 per cent in the third quarter as sales grew 10 per cent. Net income rose to $2.4 billion, or 54 cents per share, a year ago. Earnings in the latest quarter included three...more
by Textile Excellence
View more news from [ BENTONVILLE ] [ USA ]

KSTC Turns Around: Posted Profit in First Half of 2005-06
The Kerala State Textile Corporation has registered a net profit of Rs.1.30 crores during the first half of the current fiscal year against a net loss of Rs.1.04 crores during the same period last year....more
by Textile Excellence
View more news from [ Kerala ] [ India ]

Interface Sales Increases 9.5 Percent in Q3, 2005
Interface Inc, a worldwide floor coverings and fabrics company, last week announced results for the third quarter ended October 2, 2005....more
by Textile Excellence
View more news from [ Atlanta ] [ USA ]

Russell Corp. Net Income Down by 41 Percent
The Atlanta-based athletic apparel and sporting goods company Russel Corp posted net income of US$15.8 million on US$424.6 million in sales, compared with net income of US$26.9 million on US$422.7 million in sales in the third quarter of 2004....more
by Textile Excellence
View more news from [ Atlanta ] [ USA ]

Guess? reports strong retail sales for the financial month of Sept
Guess?, Inc. on October 6 reported strong retail sales for the fiscal month of September which, ended on October 1, 2005. Total retail sales for September were US$ 57.6 million, an increase of 25.3% from sales of US$ 45.9 million for the fiscal month end...more
by Textile Excellence
View more news from [ Los Angeles ] [ USA ]

Walmart logs in US$ 8.6 million dollars
Worlds largest retailer Wal-Mart Stores Inc has reported net sales for the 5-week period ending September 30, 2005 and October 1, 2005. SAM'S CLUB comparable sales without gasoline sales would have been 6.3 percent for the September 5-week period....more
by Textile Excellence
View more news from [ Delaware ] [ USA ]

Sutlej Industries to transfer Textile activities
The Rs 525-crore Sutlej Industries Ltd, a member of the K.K. Birla Group of companies, has decided to transfer all its textile activities into a wholly owned subsidiary, which has been named Sutlej Textiles and Industries Ltd....more
by Textile Excellence
View more news from [ Mumbai ] [ India ]

Wellman announces Quarterly dividend
New Jersey based Wellman Inc has declared a quarterly dividend of US$ 0.05 per share on the outstanding shares...more
by Textile Intelligence
View more news from [ New Jersey ] [ USA ]

Acordis sells US Diolen operation to Performance Fibers
According to Acordis, it's polyester industrial yarn spinning operations in the US have been acquired by Performance fibers Holdings Inc....more
by Textile Intelligence
View more news from [ Virginia ] [ USA ]

Lenzing AG post satisfactory result for first half of 2005
In spite of pricing pressure on viscose fibers Lenzing Group again succeeded to post satisfactory result for the first half of 2005....more
by Textile Intelligence
View more news from [ Lenzing ] [ Austria ]

KG Denim to set up 120 outlets as an expansion plan
K G Denim is now eyeing the northern denim market and plans to establish its retail footprint there....more
by Textile Excellence
View more news from [ Coimbatore ] [ India ]

Grasims' fiber division receives 2004 Stockholm Industry Water Award
Grasim Industries fibre division has received the prestigious 2004 Stockholm Industry Water Award at a glittering ceremony of the Global World Water Meet....more
by Textile Excellence
View more news from [ Mumbai ] [ India ]

Swasti Vinayaka Synthetics signs an agreement with Bombay Dyeing.
Swasti Vinayaka Synthetics Ltd has entered in to an agreement with Bombay Dyeing...more
by Textile Intelligence
View more news from [ Bhiwandi ] [ India ]

Alok Industries earning grew to Rs. 12308.7 million in FY 2004-05
Alok Industries Ltd has posted substantial jump in its audited financial results for the year ended March 31, 2005....more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

Bombay Dyeing resumes DMT plant operation
Bombay Dyeing has restarted its DMT plant at Patalganga, which was suspended owing to the disruption of MSEB power supply...more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

Delta Woodside to close two textile mills by November
Greenville based Delta Woodside to close two textile mills at Wallace and Pamplico....more
by Textile Intelligence
View more news from [ Greenville ] [ USA ]

USA: Unifi’s loss making row continues
USA based yarn producer Unifi Inc has reported an increased net loss for the fourth quarter of 2005, but managed to narrow its loss for the 2005 financial year. The company reported a quarterly loss of US$ 9 million compared to loss of US$ 6m...more
by TextileIntelligence
View more news from [ Greensboro ] [ USA ]

Grasim’s VSF business down in Q1 2005
Grasim’s Viscose Staple Fiber (VSF) business exhibited a subdued performance during the first quarter of 2005-06. Company’s capacity utilization came down to 82 per cent compared to 94 per cent...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

India: Raymond commissioned two plants in Bangalore
Raymond Limited has inaugurated two state-of-the-art garment facilities in Bangalore on 25th July. The facilities include a Denim wear facility 'Everblue Apparel limited' and Shirting plant 'Celebration Apparel...more
by TextileIntelligence
View more news from [ Bangalore ] [ India ]

Weiqiao lifts to US$125m loan aimed at expansion
China's biggest cotton textile manufacturer Weiqiao textile has ambitious plan to expand its production capacity and has secured US$125 million as loan from several banks...more
by TextileIntelligence
View more news from [ Singapore ] [ Singapore ]

India: JBF Industries posts growth of 150% on net profit
JBF, a leading manufacturer of Polyester fiber raw material and Polyester Yarn, reported a 150 percent growth in net profit for the first quarter of 2005-06. JBF registered a turnover of Rs 1918.8 million compared to Rs 1666.8 million in corresponding...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Levi’s lifts profit on lower sales
Levi Strauss & Co. has reported a second quarter net income of US$ 27 million, US$21 million higher than the corresponding period a year ago despite a 1.6% fall in sales. Second quarter sales amount to US$944 million...more
by TextileIntelligence
View more news from [ New York ] [ USA ]

Arvind Mills raised $37.19 million through GDR
Arvind Mills Ltd has raised US$ 37.19 million through the issue of 13.5 million Global Depositary Receipts (GDRs) and a further 5,00,000 GDRs have been allocated as green-shoe option. ICICI Securities and ABN AMRO...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Flood disrupts operations at Shri Dinesh Mills
Due to heavy rain and flood in the state of Gujrat forced to halt operations at Shri Dinesh Mills Ltd, Baroda between June 30th and July 03...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Suryalata Spinning Mills - Expansion Plans
Suryalata Spinning Mills has proposed to increase the spindle capacity of the company by setting up two new units one in Andhra Pradesh and another in Maharashtra, with a capacity of 25,000 Spindles each...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

India: The Shirt Company plans IPO
The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

India: The Shirt Company plans IPO
The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

India: Shivalik Prints is coming up with IPO
SPL Industries Limited, a leading manufacturer and exporter of knitted apparel, is in the process of expanding its production capacity and entering woven apparel and home textiles manufacturing. Company has already placed orders for some of the machinery...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Paxar Corporation to acquire remaining 50% share in the JV in India
Paxar Corporation announced today that it formed Paxar India Pvt Limited by acquiring the remaining 50% of a joint venture located in Bangalore, India. The company is a service provider of apparel identification products, including woven,...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

India: Provogue planning 40 more outlets
Garment manufacturer and retailer Provogue India planning to add 40 new Provogue outlets and 21 mega stores of 5,000 square feet each...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

USA: Tietex Interiors purchases textile plant
High Point-based Tietex Interiors has purchased a textile manufacturing plant on the border of Rockingham and Caswell counties from International Textile Group, the company formed by the consolidation of Burlington...more
by TextileIntelligence
View more news from [ Matkins ] [ USA ]

Raymond to set up a JV with Lanificio Feroda of Italy
Raymond Ltd plans to set up a 50/50 JV with Italian woolen fabric manufacturer Lanificio Feroda according to the company. The total cost of the venture, including for expansion...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Filatex India to increase in POY spinning capacity
Filatex India Ltd, a manufacturer of Polyester and PP yarn in the country has decided to go for backward integration and put up a 300 MT per day capacity...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

Teijin plans US$1.1billion Invest in Indonesia
Japan's synthetic fiber and chemical product maker Teijin Ltd. will invest US$1.1 billion in Indonesia's textile sector, according to a senior Indonesian Govt. Official as...more
by TextileIntelligence
View more news from [ Jakarta ] [ Indonesia ]

USA: Sears, Kmart Start to Combine Brands
Kmart has planned to merchandise Sears Holding Corps products at the same retail store as Kmarts. Of the total nine such stores are underway and the response generated amongst the customers is pretty good....more
by Textile Intelligence
View more news from [ New York ] [ USA ]

Bombay Dyeing posted a profit of Rs. 265.6 million in FY-2004-05
Bombay Dyeing & Manufacturing Company Ltd has posted a net profit of Rs 265.60 million for the year ended March 31, 2005 as compared to Rs 535.00 million...more
by TextileIntelligence
View more news from [ Mumbai ] [ India ]

India: Madura Grament's revenue grow over 20 percent
Madura Garments, the garments division of Indian Rayon has maintained its market leadership for the financial year 2004-05. Its revenues has grown by 20.6 per cent to Rs. 4724 million against Rs. 3916.8 million in the previous year...more
by Textile Intelligence
View more news from [ Mumbai ] [ India ]

UK: GUS to demerge holdings in Burberry
GUS plc is to demerge its holding in fashion chain Burberry later this year as part of it's long-term strategic plan....more
by Textile Intelligence
View more news from [ London ] [ United Kingdom ]

USA: Phillips-Van Heusen's Q1 earnings grew 25 percent
Phillips-Van Heusen Corporation has posted a extraordinary first-quarter performance. First-quarter revenues reached US$472.1 million from US$378.2m the year before,...more
by Textile Intelligence