Due to a strong background in woven textiles, Concertex’s design director, Aaron Mensik, has transformed the traditional appearance of coated fabrics with a new digital print named Warp. Headquartered in the US, Concertex is dedicated to developing performance driven product that will revolutionise the hospitality, healthcare, and contract markets.Pic: ConcertexThe original technology is the first of its kind for the performance driven line. Designed by Mensik to mimic the beauty of yarns that r

APS Group has developed an antiviral and anti-bacterial knit fabric that is considering a groundbreaking development for the whole world in this dire situation and also the developers can give an edge to the functional fashion industry.Figure 1: APS Group has developed an antiviral and anti-bacterial knit fabric.This year people of the world going through an unknown and critical situation due to the deadly virus COVID-19 which has been first found in China end of the last year.Though peoples are

Jeanologia, the renowned finishing technology from Spain, unveils Sanibox, a sanitising chamber for sanitising the garments and footwear.Image Courtesy: s.yimg.comThe certified technology was originally developed for face masks during the peak of pandemic in Spain and delivers 98 per cent sanitisation level.The Sanibox technology uses a combination of ozone technology with humidity control that results in quick elimination of bacteria and viruses. The innovation is a result of customer demand fo

European Lingerie Group AB (ELG) has published its unaudited First Quarter 2020 Report (1 January – 31 March 2020), including condensed interim consolidated financial statements and reports a financial covenant breach under the terms and conditions for its bond for the reference period ending on 31 March 2020.“We are all facing a dynamic and unprecedented situation due to the COVID-19 outbreak, which started in Wuhan, China and in the first quarter of 2020 affected practically the whole world. T

(IVL), a Thailand-based global chemical producer, reported 3 per cent revenue decline to $2,942 million during the first quarter (Q1) FY20 ended on ended on March 31, 2020 compared to revenue of $3,030 million in same period last year. Company reported core EBITDA remained stagnant during the quarter at $304 million.Pic: Indorama Ventures Limited“IVL’s Core EBITDA grew in all three segments (Integrated Oxides and Derivatives, Combined PET and Fibres) and in all regions as our products primarily

Mizuno Corporation, a Japanese sportswear company, reported 4.7 per cent revenues decline to ¥169.7 billion in fiscal 2019 ended on March 31, 2020 compared to ¥178.1 billion in previous fiscal year. Net income during the year were down 23 per cent to ¥4.6 billion (FY18: ¥6.0 billion). Operating profit fell 17.8 per cent to ¥6.3 billion (¥7.6 billion).Pic: Mizuno CorporationOrdinary profit during the year were ¥6.1 billion (¥7.7 billion). Selling, general & administrative expenses were ¥62.8

India recently extended the validity of scrips, or certificates provided under export incentive schemes, which are expiring between March 1 and June 30 this year, till September 30, thesaid in a public notice.Pic: ShutterstockTheprovides tax incentives for goods and services under theand Services Exports from India Scheme (SEIS).Depending on the nature of services and product, the government gives duty credit scrips or certificates to exporters. These scrips can be transferred or used for paymen

The Swedish retail giant, H&M, has donated around US $ 500,000 to various organisations that are fighting against racism including NAACP, ACLU and Color of Change.Image Courtesy: tech.economictimes.indiatimes.comThe recent killing of George Floyd in Minnesota has sparked protests all around the world including Paris and London. The current protests have resulted in many arrests which may require money to seek bail.Donating to such organisations has helped solidify H&M’s position as a glo

LUBBOCK - Textile Exchange has released its second annual report on progress towards its 2025 Sustainable Cotton Challenge which aims to spur a shift in the market towards the use of more sustainable cotton.The 2025 Sustainable Cotton Challenge aims to encourage brands and retailers to commit to source 100 per cent of their cotton from the most sustainable sources by the year 2025.This second annual progress report reveals that 27.5 per cent of signatories have already achieved their target of 1

in April last week were 35 per cent lower than the same week in 2019, but that is half of what it was at the lowest point during the pandemic, according to The NPD Group, which recently noted shifts in apparel purchase behaviour across categories and wearer segments since the pandemic started, pointing to key changes in consumer buying phases.“Apparel was a low priority early in thewhen consumers were focused on things like groceries and other in-home necessities, but we’re seeing evidence that