Pantone LLC, provider of professional color standards for the design industry, today introduced the Pantone Fashion, Home + Interiors Polyester Swatch Book, a collection of 203 vibrant and versatile color options presented in one easy to use, convenient binder.
Since millions of garments and hundreds millions tones of greenhouse gases are produced during the textile manufacturing process every year, green textiles have been widely recognized by the consumers in recent years. Some international brands such as PUMA have already implemented green textiles in their businesses, PUMA also targets to use 90% sustainable cotton and polyester fibers by 2020.
Today Aquafil S.p.A. finalized the acquisition of 100 percent of O’Mara Inc. for a total consideration equal to $40.5 million. The deal was completed through the Group’s U.S. subsidiary, Aquafil USA Inc.
O’MARA Inc.
O’Mara Incorporated — founded in 1970 — produces nylon, polypropylene and polyester fibres mainly in solution-dyed colors in its plant based in Rutherford College, N.C. In 2018, O’Mara reported a turnover of $40.1 million, with margins in line with those of Aquafil Group.
Integration of O’Mara into Aquafil Group
Kordsa inaugurated its additional polyester line in Turkey with an investment of US$ 18 million in order to meet the increasing demand in the field.
Kordsa, providing reinforcement technologies to the global market, had announced a polyester yarn investment in both Indonesia and Turkey which would enable 7,000 tons of additional capacity in each plant in 2016.
Clothing rental options are evolving from one-off, special occasion outfits to subscriptions for everyday apparel, and a Canadian company is expanding its closet to get in on the trend.
Rent Frock Repeat is relaunching this fall as a monthly clothing subscription service, after eight years in the designer dress rental business.
"[The customers are] the ones that set this in motion, because the demand was there," said Kristy Wieber, president of Rent Frock Repeat.
Humans have been using fabric to create shelter for thousands of years. If a set of groundbreaking researchers and designers have their way, however, applications of textile-based architectural elements have the potential to play an important role in shaping the future of enclosures as well.
Vietnam has gained nearly USD12.1 billion from exporting garments and textiles in the first five months of this year, posting a year-on-year increase of 10.3 percent.
Revenues of the country's garments and textiles exported to the Association of Southeast Asian Nations (ASEAN) soared 31.6 percent, to South Korea up 16.3 percent, to the United States up 9.8 percent, and to Japan up 6.5 percent.
In May alone, the garment and textile export turnovers reached USD2.6 billion, gaining a year-on-year increase of 10.8 percent.
The growth of Yorkshire’s booming modern textile industry has the potential to lead worldwide, industry leaders say, held back only by the search for new career entrants.
The creative industry has seen huge global growth, the region’s manufacturers have told The Yorkshire Post, developing a reputation for quality while leading advances in technology.
Ahead of a festival across Kirklees to showcase opportunities, they warn that the only aspect hampering global recognition is a persistent image of Yorkshire’s ageing textile past.
The new government would have to rethink its policy on turning around India’s second-largest job provider, as the textile sector continues to gasp for growth. Three years after key regulatory and labour changes were put in place, India’s textile and apparel exports have declined from $38.60 billion in 2014 to $37.12 billion in 2018 while imports have increased from $5.85 billion to $ 7.31.
KITEX, the global leader in the manufacturing and export of Infant Garments has crossed the magical figure of 1000 crore in total revenue. In the financial year of 2018-19, Kitex registered a total revenue of 1005 crore which comprise of Rs 630 crore by the listed entity KITEX Garments Limited and Rs 375 crore by KITEX Childrens Wear Limited. KITEX garments limited's standalone total revenue has reported a growth of 12.38 % in the fiscal.
For the year ended March 31, 2019:
- Total Revenue stood at Rs. 629.26 crore, y-o-y growth of 12.38%
