Savio will be attending “ITM Istanbul 2022” exhibition, taking place in Istanbul, Turkey, from June 14-18, 2022.

Savio will be exhibiting in Istanbul solutions-oriented machinery portfolio: winding, winding for continuous shrinkage, bulking and heat setting and TFO twisting.

To decide which spinning technology is best suited to your needs, Savio offers numerous solutions to support the quality of the final yarn product.

Savio automatic winders can easily process special yarns, such as the current very demanded product like the dual core spun yarns. The Savio winding unit is equipped with clearing, splicing and tension control devices for ensuring perfect splices and perfect package shape.

Many years of experience and a close collaboration with customers have allowed Savio to offer several solutions for production of acrylic yarns. The effect of the Volufil machine process gives acrylic fibers dimensional stability, higher volume, wrinkle resistance or temperature resistance, which acquires a regular geometrical structure with excellent volume.

Savio Multicone technology and Sirius twisting machines are especially addressed to ustomers producing packages for dyeing and very fine counts, from Nm 200 and above.

Visitors of the Trenggalek Fashion Day at the Textie Musuem in Jakarta were amazed by the fashion works of Novita Hardini SE, Chairperson, Regional National Craft Council (Dekranasda), Trenggalek Regency.

Accompanying his wife in the effort to introduce MSME products, Mochamad Nur Arifin, the Regent of Trenggalek,believes, Trenggalek Fashion Day can give enthusiasm to MSME activists in the region.

The efforts of the Chairperson of the Trenggalek Regency Dekranasda in expanding the MSME market in this event are starting to be felt. Like the blusukan at Tanah Abang Market (the largest textile center in Southeast Asia) some time ago. This effort does not only get a response from traders. Just introduced, one of the traders in this market asked for 10 pieces of cloth. That night, I asked for another 20 pieces.

Even then, when it was delivered to the seller, the buyer had been waiting for 5 pieces of cloth. This was confirmed by the Head of the Trenggalek Regency Cooperatives, Micro Enterprises and UMKM Service, Agus Setiyono.

According to him, after the Head of Dekranasda made a visit to Tanah Abang Market, the Trenggalek Regent's hard work paid off immediately. Not only the merchants responded, but several pieces of Trenggalek Batik were immediately sold.

The consolidated net profit of Vardhaman Textiles increased by 29.33 per cent to Rs 322.12 crore during Q4FY’22. However, net profit declined by 24.8 per cent on a sequential basis. As per an India Infolne report, revenues increased 39.04 per cent Y-o-Y in Q4FY22 to Rs 2,707 crore on consolidated basis. On sequential basis, revenues increased 3.99 per cent during the quarter.

Revenues for full year FY22 increased by 56.7 per cent to Rs 6,622 crore. Sales from the acrylic fibre business remained flat on Y-o-Y basis while sales of the predominant textiles business grew 41.7 per cent to Rs 2,642 crore. Cash from operations grew by nine times during the quarter. The company announced a dividend of Rs 34 per share for employees.

Due to the spike in cost of raw materials, EBITDA margins for the quarter declined from 22.14 per cent to 19.88 per cent Y-o-Y. Net profit margins declined to 11.90 per cent during the quarter compared to 12.73 per cent in Q4FY21.

The unprecedented rise in raw material prices has compelled the government to order a probe into cotton arrivals in the market. Exporters have also sought long-term policy measures to control rising prices. The prices do not factor in moisture and trash conditions. Excessive moisture can cause an additional 1 per cent loss and a minimum 3 per cent in excessive trash. This leads to Rs 119,600 to Rs 121,680 loss for spinners, says K Venkatachalam, Chief Advisor, Tamil Nadu Spinning Mills’ Association.

Release of cotton in calibrated quantities is adding to their woes, he adds. He advises the government to identify where the cotton is being stopped or hoarded. Spinners have also urged the government to remove cotton from the list of commodities traded on exchanges and make it available to farmers and mills, who are the only stakeholders.

Representatives of mill associations have also urged the government to direct the Cotton Corporation of India (CCI) to buy the cotton from farmers and to sell it only to mills, even in smaller quantities. The CCI should not to sell cotton to traders and multinationals, they advise. Manifold increase in all costs has resulted in an increase in yarn prices. Due to the increase in cotton prices, the working capital of all the mills is reported to have eroded and this has also resulted in a severe financial crunch for mills in buying and stocking cotton, Venkatchalam adds.

Indonesian textile giant PT Sri Rejeki Isman (Sritex) faces the threat of delisting as the sale of its shares has been suspended for almost two years. The suspension of Sritex stock trading began when the company defaulted on its short-term debts.

Referring to Encouraging the Performance of the Textile and Textile Product Industry, the textile and textile product (TPT) industry of Indonesia has continued to experience ups and downs since the 1998 crisis. The industry had recorded growth of up to 15.35 per cent growth in 2019 after contracting in 2015 and growing low in the 2016 period.

The pandemic caused the textile industry to contract by 4.08 per cent in 2021.

However, the Ministry of Industry (Kemenperin) estimtes, textile industry contributed to exports of $ 10.63 billion in 2020. This figure only decreased slightly compared to 2019 (S$ 12.89 billion). The textile industry also still absorbs 4 million workers.

In Q1 FY22, the industry grew by 12.45 per cent Y-o-Y, says, Redma Gita Wirawasta, Secretary General, Indonesian Fiber and Filament Yarn Producers Association (APSyFI). He expects the industry to grow in the range of 5-10 per cent during the year driven n by the entry of investment after last year's groundbreaking

In April 2022, Sri Lanka’ exports of apparel and textiles increased by 22.12 percent in April to $445.79 million. In April 2021, Sri Lanka had exported apparels worth $ 799 million, as per an Economy Next report.

Sri Lanka’s overall exports grew by 11.87 per cent to $915.3 million in April 2022 from a year earlier.

In April 2022, the value of Sri Lanka’s exports topped the 2020 and 2021 April month exports, as per the Sri Lanka Export Development Board.

Exports to the US increased by 23 per cent to $84.1 million, exports to Germany were increased by 27 per cent to $66.5 million and exports to India surged by 10 per cent to $59.4 million.

Global textile innovation and apparel manufacturing business, Alphine Group has adopted the Future-Fit Business Benchmark. Aligning with the United Nations Sustainable Development Goals, the science-based strategic management tool defines the destination for businesses wishing to evaluate the initiatives needed to be undertaken for credible action towards a future-fit society.

Ashok Mahtani, Co-founder and Chairman, Alpine Group says, the tool enables them to accelerate change by bringing the rest of the industry – brands and partners alike – on this journey with them. “We do it so that our innovation and manufacturing can positively impact the entire value chain,” he says.

Lewis Shuler, Head-Innovation, Paradise Textiles, Alpine Group’s dedicated innovation hub adds, what the industry needs to make fashion fit for future is more collaboration on further solutions from all angles. “Our sustainability innovations include textile-to-textile recycling technologies and processes to minimize waste at scale” he adds.

As per an Apparel Resources report, Alpine Group’s announcement as the first textile innovation and apparel manufacturing business globally to adopt the Future-Fit Business Benchmark follows the recent launch of its Factory of the Future as part of Alex Apparels’ state-of-the-art manufacturing facilities in Egypt. Set to open in late 2022, the factory is expected to provide an additional 2,000+ jobs for the local community.

Class is discovering and promoting sustainable and innovative materials. The international eco hub is making responsible innovation travel internationally through A New Point of Materials by Lineapelle, the itinerary space imagined and constructed by Lineapelle in collaboration with Class Ecohub and Orietta Pelizzari, Global Fashion Advisor.

A New Point of Materials by Lineapelle is a new-generation, engaging and immediately accessible exhibition tool that allows all stakeholders in the fashion and luxury industry to discover and learn about the genuinely green journey of leather, textile materials and technologies.

In Milan, a new point of materials was featured inside Lineapelle, the international trade fair which has become a reference point for leather, accessories and textiles, during the time of Milan Fashion Week. Afterwards, this special initiative has been hosted by key sparkers of change in the LA scene, such as The Campus, The ArtCenter College of Design and several design studios.

Rising cotton yarn prices are threatening the textile industry in Gujarat as spinners cut production and shut down units despite Centre’s move to remove import duty. Raw cotton prices are hovering around Rs 1 lakh to Rs 1.15 lakh per candy. This has led to a decline in orders for yarn makers, says Saurin Parikh, President, Spinners Association of Gujarat. Nearly 120 spinning mills in Gujarat are running at little over 50 per cent capacity at present, adds Parikh. He is also the founder of Pashupati Cotspin.

Garment manufacturers in the state, are also witnessing production cuts of up to 45 per cent. It has become extremely difficult to run manufacturing unit in the state due to high fabric and cotton prices, affirms Vijay Purohit, President, Gujarat Garment Manufacturers Association.

Chintan Thaker, President, Welspun Group, opines, the industry needs to ban raw cotton exports to put a brake on the bullish run. PK Sharma, Senior Executive, Chiripal Group adds, inflated cotton prices are a cause of concern considering the fact that it is the most important raw material for most of our finished products.

The Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) has sought a reduction in limit of local value addition to leather products to 20 per cent. As per a Dhaka Tribune report, the rate cut will help enhance the sector's competitiveness on the global market. On May 9, Bangladesh Bank (BB) lowered local value-addition rate for the country's textile-sector exporters to 20 per cent from 30 per cent for the current fiscal year, in view of the current crunch time.

Currently, leather goods exporters enjoy 15 per cent cash incentives against their export shipments. During the past 10 months of the current fiscal year (FY), Bangladesh’s exports of leather and leather goods and footwear grew by 33 per cent. The export volume of leather and leather goods, and products like footwear and bags grew to $1.29 billion in the July-April period of FY22.

Bangladesh imports most of the accessories of the footwear sector as it does not have sufficient factories to manufacture them

Famous brands and buyers operating in the country nominate foreign accessories suppliers to maintain the product quality and compliance. Manufacturers import the required raw materials in a short span of time due to 'lead time' constraint set by the brands and customers concerned.

As a result, exporters cannot maintain the current 30 per cent domestic value-addition threshold is not possible to maintain, as per the LFMEAB. This leads to most exporters, especially non-leather goods exporters, being deprived of cash incentives and losing competitiveness capacity, adds the association.

In the last fiscal year, Bangladesh exported leather and leather goods worth $941.67 million. It plans to export $10 billion leather and leather goods by 2030, says Tapan Kanti Ghosh, Secretary, Ministry of Commerce.