Pakistan-based apparel manufacturers Interloop plans to setup a new factory to expand its production. Expecting to meet the rising demand from the foreign markets, the company aims to double its revenues by FY2026.

The share price of Raymond surged over 5% on May 7, 2021; a day after the company’s fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.

Bangladesh’s apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.

ADDEV Materials’ acquisition of French manufacturer Textile Pour l’Industrie (TPI) will help the former to expand its critical cleaning and surface preparation supplies in the civil and military aeronautics markets.

Thanks to its upgraded diversity and inclusion policies and equality and safety features for women working in the organization, Trident Limited has been recognized as one of the best workplaces for women in 2021.

In a letter written to the finance minister AHM Mustafa Kamal, Bangladesh apparel makers have requested an equal VAT rate for all types of yarns and duty-free import of all kinds of raw materials needed by the industry.

The mask contains an ultra-thin pure copper coating applied via a high-tech vapor deposition process, called HeiQ MetalliX, which converts a minute amount of copper into vapour, allowing it to be deposited evenly to surround each fibre.

Switzerland-based HeiQ, a global leader in textile and materials innovation, has launched HeiQ MetalliQ, a futuristic-looking, high-tech surgical mask that destroys all viruses and bacteria tested, up to 100% efficacy.

The members of Surat-based textile associations met the city police commissioner to request for relaxation in the lockdown measures. The state has extended the lockdown restrictions till May 12 to contain the spread of corona virus.