Page 2 - Garment Manufacturing

Page Industries profits fall 24% in Q1 on poor demand, profits at Rs 158 cr

Page Industries, which licenses innerwear and loungewear brand Jockey International's products in India, reported a nearly 24% fall in first-quarter profit on Thursday, as softer demand weighed

Uniqlo to expand its manufacturing bandwidth through 20 partners in India

Uniqlo has multiple production partners in India and is looking to expand this network through a large investment; CEO Tadashi Yanai says he wants Uniqlo to become the "best-selling retailer in India"

Inventor of blue jeans Levi Strauss & Co channels a new water-saving idea

As part of a wider water-saving effort, the San Francisco-based company, which invented blue jeans in 1873, has become an early pioneer of a method known drily as "contextual water targets"

Supported by PLI, export of electronic products overtake garment exports

Data released by the commerce department estimates that the exports of electronic products may have increased over 50 per cent in the financial year 2022-2023 to $23.6 billion

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

Chhattisgarh: Readymade garments business thrives in insurgency zone

Over 1,000 women are associated with "Dannex" or Dantewada Next, the unit engaged in manufacturing readymade garments

RMG exports fail to touch pre-Covid level; slowdown concerns remain

In November and December 2022-23, RMG exports saw a rise of 12 per cent and 1 per cent respectively

The Ukraine war's shockwaves are hurting Bangladesh's apparel industry

Clothing and textile production is by far the biggest industry in Bangladesh

High cotton prices to spoil apparel stocks' outlook in near-term: Analysts

At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters

Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead

Why is Ludhiana's apparel industry staring at losses?

Ludhiana's apparel industry, which churns out most of the country's readymade garments, is losing revenue. Two months of lockdown in China's Shanghai has brought the industry on its knees.

Cotton rally squeezes Asian garment makers, threatens recovery from Covid

Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations

Covid cuts Tirupur garment hub biz, 10% orders go to other nations

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon

The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra.

Garment exports begin to see revival, September fall lowest in 5 months

Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

Unlock: Major garment export factories back to 60-80% capacity utilisation

The development comes months after shipments were kept on hold by international customers due to lockdown imposed in their respective countries

Study paints grim picture for garment sector with likely job cuts, closures

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

Asia to remain dominant player in garment sector in coming decade: Report

It identified India and Indonesia as potential recipients of manufacturing shifts and growth in terms of global apparel export share