The two innovative companies will deliver high-performance finishing with less cost and chemistry. They will roll out NOVARA digital multifunction finishing solution to the global textile market in Q3 this year.
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The Cosmo Films’ subsidiary has launched eco-friendly Microenz BS – sourced through enzymatic process – for textile Industries to reduce degradation of garments/fabrics
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Pakistan’s textile export saw a rise of 17.35% during the first ten months of the current year against the same time last year. As per Pakistan Bureau of Statistics (PBS), it saw a surge of 213% on a year-to-year basis.
Listed textile and garment makers in Bangladesh are facing low profits and sales due to the ongoing COVID-19 pandemic. However, spinners and yarn makers are performing well by taking advantage of the price hike of yarn.
As per analysts, many Japanese apparel brands are banning Xinjiang cotton, following the suit of many other well-known brands. This action will make them lose out in the Chinese market.
As per Indian Ratings on Friday, it is expected that home textiles exporters will see a growth in the top and bottom lines on account of sustained demand. Stability in raw material prices will also help.