MAHENG/2007/20880 Vol. 12 No. 272 Mumbai, Wednesday, 04 August 2021 Posted Under Regn. No.

PLG/67/2021-2023 Pages 06

COVID – 19
WORLD INDIA USA
200,151,224 4,257,015 31,767,965 425,789 36,010,189 630,401
UPDATE Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths

Maharashtra Tamil Nadu Karnataka NCT of Delhi

6315063 133038 2563544 34130 2908284 36612 1436401 25054
Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths Total Cases Total Deaths

BSE (03 August 2021) - Reliance 2,086.90 15.40 (+0.74%) Welspun India 140.35 2.85 (+2.07%) Raymond 452.15 3.70 (+0.83%) For More Turn to Page 02

Textile Exporters
shift to Air Transport
Tiruppur: The exporters in the textile
hub of Tirupur in Tamil Nadu are shifting to
air transport to ensure that garments hit the
shop shelves abroad on time for Christmas
and New Year sales.
The shift to air transport will cost
exporters significantly more but they are
willing to absorb it as they don’t want to risk
losing clients by failing to deliver on time.
The Covid pandemic, the Suez
Canal blockage in March, suspension of

SHREYA PRINTS PVT. LTD.

operations at China’s Yantian port in June,
and the recent typhoon in China affected
global container trade resulting in huge
congestions at certain ports in the US,
Europe and China. This, in turn, caused a
major shortage of containers.
Normally consignments reach
Europe in 26 days and the US in 35 days
and buying sequences are designed
“ Where quality
accordingly.
However, due to the non-availability
of containers, the delay has become
meets consistency“
unavoidable and in such cases air mode is
used and consignments take a maximum of Shreya Prints is a figment of the widely acknowl-
one week to reach the destination. edged Em Gee Group and a leader in the velvet
The Tirupur Exporters’ Association
said that the exporters now don't have a manufacturing Industry. Being a part of the in-
choice but to shell out ten times the cost dustry for more than four decades, we have pio-
to transport by air. neered a plethora of different innovative textile
The textile industry is forced to shift
to air from sea because garments are
processing solutions and have become trend set-
mostly seasonal and need to reach the ters for the same.
stores on time, otherwise the goods would
become outdated. Our capabilities include in house weaving, pre-
For example, for Christmas and New treatment, dyeing, finishing, and printing of all
year targeted products need to reach the
shelf by the end of November.
kinds of velvet fabrics. Our wide range of fabrics
are used for apparels, upholstery and home fur-
China Retails nishings.

Sales in June’21
China: China's retail sales value of
Contact Us
consumer goods totaled 3.7586 trillion vatsalshorewala@shreyaprint.in
Yuan in June 2021, up 12.1% year on year. +91 81302 77312
Of the total, retail sales of garments,
footwear, hats and knitwear scored at 117.4 www.shreyaprint.in
billion Yuan in June, up 12.8% year on year.
During January to June, the retail
sales of consumer goods amounted to
21.1904 trillion Yuan, up 23% year on year.
Of the total, retail sales of garments,
footwear, hats and knitwear scored at 673.9
billion Yuan in January-June, up 33.7%
year on year.
In June, the retail sales of garments
of enterprises above designated size was
81.75 billion Yuan, up 14.3% year on year;
that in January to June amounted to 487.5
billion Yuan, up 37.4% year on year. Manufacturers and Exporters of Quality Velvet Fabrics
 www.gtanews.in

Global Textiles & Apparels,

Mumbai, Wednesday, 04 August 2021 Associations & Company affairs 02
COVID – 19 Cases (Top 20 Country) on estimate
Country Total New Total New Total New Active
Cases Cases Deaths Deaths Recovered Recovered Cases
World 200,151,224 546,951 4,257,015 8,535 180,454,235 417,816 15,439,974
USA 36,010,189 77,978 630,401 426 29,744,216 22,563 5,635,572

Textiles & Apparels

India 31,767,965 42,566 425,789 561 30,925,348 36,646 416,828
Brazil 19,985,817 32,316 558,432 1,073 18,746,865 59,662 680,520
Russia 6,334,195 22,010 160,925 788 5,659,746 18,963 513,524
BSE (03 August 2021) France 6,178,632 26,829 111,993 57 5,717,788 8,824 348,851
Company Name Last Price % Chg 52 wk 52 wk Market Cap UK 5,923,820 21,691 129,881 138 4,552,631 16,479 1,241,308
High Low (Rs. cr) Turkey 5,795,665 24,832 51,645 126 5,472,089 6,243 271,931
Argentina 4,947,030 106,045 4,594,873 246,112
Welspun India 140.35 2.07 145.45 39.2 14,101.32 Colombia 4,801,050 121,216 4,598,176 81,658
KPR Mill 1,979.00 1.08 2,086.25 408.25 13,617.50 Spain 4,523,310 20,327 81,773 130 3,752,225 12,563 689,312
Lux Industries 4,239.20 0.85 4,500.00 1,112.00 12,747.99
Alok Industries 24.30 -0.82 44.60 18.25 12,065.53
Italy 4,363,374 4,845 128,115 27 4,141,043 3,615 94,216
Trident 21.30 4.93 21.65 6.00 10,854.39 Iran 3,979,727 39,019 91,785 378 3,424,650 20,117 463,292
Garware Technic 3,507.00 1.89 3,640.50 1,631.90 7,230.79 Germany 3,782,326 2,548 92,208 25 3,656,300 33,818
Indo Count 268.85 -1.09 276.15 62.70 5,307.09 Indonesia 3,496,700 33,900 98,889 1,598 2,873,669 31,324 524,142
Rupa and Comp 536.30 0.52 546.60 150.05 4,264.90 Poland 2,883,284 164 75,265 4 2,653,934 34 154,085
PDS Multi 1,468.70 12.56 1,468.70 258.25 3,825.48 Mexico 2,861,498 6,506 241,279 245 2,241,868 25,984 378,351
Swan Energy 139.95 -4.31 175.55 108.20 3,418.38 South Africa 2,470,746 8,988 72,992 555 2,250,708 12,320 147,046
Raymond 452.15 0.83 473.90 233.00 3,010.13 Ukraine 2,254,361 827 52,981 26 2,187,703 533 13,677
Arvind 108.20 2.32 115.50 27.55 2,801.56 Peru 2,114,445 196,518 N/A N/A N/A
Himatsingka Sei 264.80 -1.10 279.90 61.50 2,607.15
Netherlands 1,872,093 2,184 17,832 3 1,671,277 1,215 182,984
Filatex India 106.00 2.96 117.75 22.50 2,358.13
Mayur Uniquoter 516.05 0.34 545.95 218.80 2,300.43 Czechia 1,673,926 152 30,378 1 1,641,074 11 2,474
Bombay Dyeing 107.90 -1.78 112.75 58.40 2,228.51
Dollar Ind
Siyaram Silk
383.70
442.20
3.60 383.70 124.95
6.86 454.40 127.45
2,176.20
2,072.59 COVID – 19 Cases (Top 20 States) on estimate
Nahar Spinning 435.20 4.99 435.20 31.70 1,569.56
State Active Recovered Deceased Confirmed
Indo Rama Synth 57.05 4.97 62.65 14.01 1,489.65
Cases Cases Cases Cases
Jindal Worldwid 73.70 -1.14 90.50 44.00 1,477.84

Future Life 70.70 -2.28 159.95 46.95 1,426.55
Maharashtra 78700 6103325 133038 6315063
Nitin Spinners 250.30 -7.18 269.65 34.95 1,407.19
+8429 +90 +4869
Sportking India 4,083.45 5.00 4,083.45 228.10 1,356.44
Kerala 165834 3242684 16955 3425473
Ganesha Ecosph 575.10 10.09 687.70 216.90 1,255.41
+15923 +118 +13984
Sutlej Textiles 72.10 3.52 81.05 18.00 1,181.20
Karnataka 24045 2847627 36612 2908284
Kewal Kiran 914.35 -1.66 1,036.00 672.00 1,126.94
+1383 +25 + 1285
Kitex Garments 167.75 -1.09 224.45 91.75 1,115.54
Tamil Nadu 20385 2509029 34130 2563544
Century Enka 503.00 -0.62 513.90 153.90 1,099.08
+2068 +28 +1957
Rajapalayam 1,225.00 0.84 1,354.00 478.67 1,054.18
Andhra Pradesh 20582 1936016 13410 1970008
RSWM 417.90 5.00 419.20 69.00 984.19
+1968 +15 +1546
Pearl Global In 443.80 2.59 443.80 110.95 961.45
Uttar Pradesh 646 1685091 22763 1708500
Ambika Cotton 1,664.00 -0.41 1,705.00 421.00 952.64
+42 +24
Gokaldas Export 212.50 4.99 226.00 41.25 914.14
West Bengal 10803 1500331 18161 1529295
S P Apparels 349.00 2.21 352.95 62.00 896.67
+734 +12 +575
Cheviot Company 1,429.95 0.97 2,055.55 500.00 896.13
NCT of Delhi 538 1410809 25054 1436401
Vishal Fabrics 122.55 0.33 372.15 40.75 807.24
+95 +51
Monte Carlo 376.70 -0.28 389.35 154.00 780.98
Chhattisgarh 1918 987012 13528 1002458
Sangam India 143.20 4.99 152.80 45.10 621.80
+234 +03 +236
Ruby Mills 330.25 11.08 330.25 140.40 552.18
Odisha 13318 960386 6033 979737
Nahar Ent 136.65 4.99 148.45 22.75 544.35
+1785 +67 +1032
Binny 231.10 5.00 231.10 73.00 515.80
Rajasthan 241 944509 8954 953704
Banswara Syntex 243.70 5.00 243.70 60.05 417.12
+25 +16
Loyal Textiles 865.00 1.05 870.00 202.00 416.62
Gujarat 251 814595 10076 824922
AYM Syntex 81.40 4.96 86.90 21.00 407.29
+25 +22
Sarla Performan 47.55 15.69 47.55 15.55 397.06
Madhya Pradesh 132 781217 10513 791862
Mallcom (India) 629.80 0.80 721.25 211.05 393.00
+10 +17
Nandan Denim 79.75 -0.44 80.30 18.25 383.19
Haryana 703 759614 9639 769956
Ashima 19.50 -1.52 21.50 5.00 373.74
+25 +01 +14
JCT 4.18 4.76 4.31 0.73 362.96
Bihar 401 714872 9644 724917
Zodiac Clothing 139.50 1.49 153.8 85.05 345.40
+71 +37
Maral Overseas 80.50 4.95 80.50 10.77 334.14
Telangana 8819 633371 3807 645997
Pasupati Acrylo 37.00 4.96 37.00 8.40 329.79
+643 +02 +591
Bannari A Spg 102.85 -0.05 113.00 35.10 324.07
Punjab 473 582395 16294 599162
Deepak Spinners 442.75 4.99 442.75 53.90 318.31
+63 +32
Surat Textile 14.30 -3.90 15.70 2.03 317.55
Assam 12429 550534 5294 568257
Shri Dinesh Mil 563.10 -0.61 598.00 86.05 315.37
+1469 +19 +1275
Indian Acrylics 22.15 -2.64 23.80 7.00 299.74
Jharkhand 239 341855 5129 347223
Shiva Texyarn 230.00 2.18 275.15 74.60 298.14
+38 +23
Ginni Filaments 37.00 -1.07 42.20 9.41 292.86
Uttarakhand 574 334261 7363 342198
Donear Ind 56.20 -3.60 67.65 19.00 292.24
+71 +01 +37
Bombay Rayon 8.59 0.94 15.85 6.31 272.71
JBF Industries 32.95 -4.91 50.20 6.80 269.77

Do U Want.....
Orbit Exports 89.30 10.18 99.40 52.00 244.53
Lakshmi Mills 3,450.00 -0.55 3,538.95 1,403.05 239.96
Super Sales 758.90 4.63 758.90 202.00 233.10
Mafatlal Ind
KG Petrochem
164.00
349.55
2.50 196.00 74.00
4.99 359.25 78.85
229.51
203.27 * To r e c e i v e G l o b a l Te x t i l e s & A p p a r e l s b y
VIP Clothing 23.70 -3.66 27.80 6.00 195.75 E-mail
Suryalata Spg 444.80 4.99 494.55 70.30 189.80 * To g e t m o r e d e t a i l e d r e p o r t i n
Lovable Lingeri 125.75 -0.59 145.60 48.10 186.11
Pioneer 69.80 -10.74 79.40 18.80 185.60
your sphere of activity
VTM 44.00 1.38 44.20 17.25 177.00 * To g e t a d d i t i o n a l S t a t i s t i c s
Indian Terrain 42.45 1.31 52.35 24.15 174.43 * To g e t S M S A l e r t S
Jasch Ind 152.60 1.23 174.00 22.35 172.90 * To S e l l o r B u y
SPL Industries 58.35 10.41 58.35 23.00 169.22
R&B Denims 119.80 5.00 119.80 25.20 167.66 * To a p p o i n t E x e c u t i v e s o r r e c r u i t S t a f f
Premco Global 472.25 -0.77 525.10 63.80 156.07 * To g e t Q u a r t e r l y R e s u l t s p u b l i s h e d
Junction Fabric 152.00 13.60 152.00 38.00 152.58
TT 70.35
Raghuvir Synth 356.35
1.66
4.99
75.40 29.25
356.35 171.50
151.24
138.09
Address all correspondence to:
Amarjothi Spin 202.95 3.78 223.00 45.45 136.99
KG Denim 53.25 1.43 59.65 17.40 136.52 RAHUL VINOD SOOD
Winsome Textile 65.40 -0.08 68.95 11.67 129.62
Reliance Chemo
Salona Cotspin
Damodar Ind
167.50
236.45
52.25
-1.03
2.25
1.85
179.80 47.95
246.00 42.20
56.95 20.10
126.35
124.43
121.74
Global Textiles & Apparels
Suryalakshmi Co 71.50 3.32 77.90 14.80 119.21 69, Bhagya, Rashmi Park Bungalow Complex , Dhumaal
Bhilwara Tech 19.80 -4.81 24.17 3.25 115.58 Nagar Valiv Vasai Rd, Vasai East, Thane 401208
Sambandam Spin 270.50 4.99 279.40 45.20 115.36
PBM Polytex 165.45 9.97 165.45 30.00 113.81 - (0) 9834710185 - 9923581468
DCM 60.75 4.92 60.75 17.00 113.47
Sumeet Ind 10.00 0.30 12.78 1.63 103.64 - editor@gtanews.in, editor.gta@gmail.com
Lambodhara Text 99.25 -4.75 111.80 25.25 103.00
 www.gtanews.in

Global Textiles & Apparels,

Mumbai, Wednesday, 04 August 2021
CCI Stocks drop
down to 9 lakh bales
Mumbai: The Cotton Corporation of
India (CCI), said the corporation had an
opening stock of 115 lakh bales of cotton
at the start of the season in October 2020.
The Cotton Corporation of India
(CCI) has said it has almost exhausted
all its existing stocks and is now left with
only 9 lakh bales before the start of the
next season in October, due to the strong
demand for cotton in the market.
The CCI said that the International
cotton prices and MCX prices have risen
by Rs 7,500 and Rs 6,000 a candy,
respectively, in the last one-and-a-half
months.
But CCI has been conservative in
increasing prices and has raised prices by
Rs 2,200 to Rs 2,500 a candy for the same
period, except for one to two varieties,
where it is higher.
Sharp Rebound
in oders intake
for Q2’21- ACIMIT
Revival in World Cotton Production Expected in 2021/22 Season – ICAC
Mumbai: The coronavirus might have
won the battle in 2020/21, driving down
global cotton production to 24.2 million
tonnes, a decline of 7% from the season
before. But the industry is responding well
and production is expected to rise by 3% in
2021/22 to reach 25 million tonnes.
The increase will be led by:
1. The USA, which is projected to
reach 3.8 million tonnes, up 22% from the
season before,
2. India, whose production is
expected to remain high in 2021/22 (5.9
million tonnes), and
3. Brazil, which hasn't publicly
Associations & Company affairs
announced its production area and
forecasts yet because sowing won't begin
until November but still should reach about
2.3 million tonnes.
On the bright side, global cotton
consumption and trade have seen a
welcome recovery in the 2020/21 season,
with consumption increasing by 12.4% to
reach 25.5 million tonnes, with a similar
trajectory projected for 2021/22.
But Covid-19 has proven itself to
be very stubborn; recent reports from
Bangladesh and Vietnam indicates that
Covid infections are on the rise, so
lockdown-induced factory closures and
03
shipping problems are still major threats,
leaving manufacturers scrambling to fill
their orders.
The Secretariat’s current price
forecast of the season-average A index for
2021/22 ranges from 73 cents to 125 cents,
with a midpoint at 95.43 cents per pound.
Raymond's Q1
FY22 Results
Mumbai: Raymond Limited's revenue
shot up 289 per cent to ₹862 crore in
first quarter (Q1) of FY22 ended on June
30, 2021, compared to the revenue of
₹222 crore in the corresponding period
of previous fiscal. Net loss for Q1 FY22
reduced to ₹157 crore (FY21: ₹242 crore),
while EBITDA improved to ₹7 crore (loss
₹167 crore). The company’s branded
textile segment sales in the three-month
period jumped to ₹283 crore (₹17 crore).
Further, as EBO and LFS channels
were impacted with most of the malls
across country remained closed, branded
apparel sales stood at ₹75 crore. On the
contrary, with gradual opening of global
market, Raymond’s garmenting business
recovered with sales of ₹98 crore, and
rise in B2B customers order led to growth
in high value cotton shirting sales to ₹101
crore.

Mumbai: The index of orders intake

for Italian textile machinery, as processed
by ACIMIT, the Association of Italian textile
machinery manufacturers, for the period
ranging from April-June 2021, was up
214% compared to the same 2020 period.
The value of the index was attested
at 150.7 points (basis: 2015 = 100), a
result that was no doubt influenced by the
comparison with a quarter, from April-June
2020, in which orders were obviously at a
minimum, due to the Covid-19 pandemic.
An analysis of the index of orders
intake for the first six months of 2021
confirms a clearly positive business
dynamic for Italian manufacturers. An
overall growth rate of 122% compared
to the first half of 2020 regarded both the
domestic and export markets.
Mr. Alessandro Zucchi, president
di ACIMIT, comments: "The data are
certainly positive, bearing witness to a
renewed climate of confidence.”
On the domestic market, in addition
to a physiological rebound following the
collapse in 2020, the boost generated by
4.0 incentives is being felt.
"The push towards digitalization in
the business sector,” adds Mr. Zucchi, “is
being perceived as creating a competitive
Excellence
edge for the entire textile industry, especially weaved in every achievement!
here in Italy.” Wellknown Polyesters Ltd. prides in being
In spite of these encouraging signals,
the state-of-the-art manufacturing facility
a sense of uncertainty persists nonetheless
on the actual solidity of this recovery. which promises to deliver commitment in
the form of modern age products.

WEAVING
“There is no lack of obstacles facing
our machinery producers during this Technologically sound, Wellknown, is the
phase,” states ACIMIT’s president. largest producers of quality polyester yarns
“The sharp rise in the price of raw using unparalleled technology, Barmag-
materials does not seem to be stopping, Wings with EVO for POY and FDY- the first

THE WARP
to which we can add the limited availability manufacturers to implement in the world.
of components, making it difficult for our
manufacturers to fulfil the many orders The modern manufacturing facility,
they’ve received. equipped with the latest Oerlikon Barmag

& WEFT
Finally, the limitations imposed on the technology for Continuous Polymerization
business travels of our staff persist, above (CP), POY, FDY, PSF, DTY, & ATY is a testament
all qualified assembly technicians.” to its quality deliverance.
These are all issues that affect the
sector's order forecasts for the third quarter Spreading its wings across 50+ countries,
of 2021. fortified with specialized yarns of over 200
To this end, ACIMIT’s survey varieties, Wellknown is a force to reckon for
have revealed a substantial stability when it comes to undisputed excellence.
compared to the previous three months
for domestic orders (as expressed by 59%
of companies), and a prevailing caution
also abroad, where forecasts of stable or 14th Floor, B wing, Nirmal, 241/242, Backbay Reclamation, Nariman Point. �umbai � 400021
decreasing orders make up 74% of the
Tel.: 91-022-66207000 Fax.: 91-022-66207050 Email : info@wellknown.net.in Website : www.wellknown.net.in
answers given by Italian companies in the
sector.

Global Textiles & Apparels,
Mumbai, Wednesday, 04 August 2021
India remove ADD on VSF – AEPC hails decision Dr Martens Q1 revenue increased by 52%
Mumbai: The Indian government
had removed anti-dumping duty (ADD)
on viscose staple fibre (VSF). Asserting
that the ‘path breaking’ decision will give a
fillip to the man-made fibre (MMF) sector,
former textiles minister Smriti Irani said in
a tweet that it was taken after a thorough
investigation initiated in February this
year. Irani holds the women and child
development portfolio now.
Biodegradable VSF fibres are
obtained from wood pulp and cotton
pulp, which share the characteristics of
cotton fibres. These are versatile and
easily bendable and have a wide range
of application in apparels, home textiles,
home furnishings, dress materials, woven
clothing and knitwear.
Mr. A Sakthivel, the Chairman of the
Apparel Export Promotion Council (AEPC)
said it will prove to be a key milestone in
India’s apparel history.
He thanked the government for
accepting AEPC request on the issue.
India unemployment rate in July
Mumbai: The unemployment rate in
India has dropped to a four-month low in
July to 6.95 per cent from 9.17 per cent in
June, as the country gradually recovers
JCPenney joined
Jeans Redesign
Mumbai: JCPenney has joined The
Jeans Redesign to reduce its environmental
impact and offer sustainable products to its
customers. As part of this project, JCPenney
is focusing design and manufacturing
efforts on durability standards, eco-
friendly packaging, increasing organic and
recycled fibres content and eco-friendly
wash programmes.
Joining 94 participants including
major fashion brands, retailers,
garment manufacturers and fabric mills,
JCPenney can hear the latest design and
manufacturing insights to help drive a
more sustainable future for jeans and all
fashion products. Previously, retailers have
shared how they have sourced organic
content, included recycled content in
fabric, removed metal rivets, excluded toxic
substances and promoted safe processes
in making jeans.
Vietnam overtakes
B’desh in RMG
Mumbai; Vietnam has overtaken
Bangladesh as the world’s second largest
exporter of ready-made garments (RMG).
Bangladesh is now in third position, with
China remaining the largest exporter,
according to the latest figures from the
World Trade Statistical Review 2021
released by World Trade Organization
(WTO). Vietnam’s clothing exports grew
6.4 percent in 2020 with a market value
of 29 billion dollars. Over the past decade
Vietnam’s share in the global apparel
export market surged, just ten years ago
Bangladesh still had 85 percent greater
dominance, which in 2020 dropped form
6.8 percent to 6.3 percent.
Bulgari partners
with JD.com
Mumbai: Bulgari has become
the latest LVMH brand to partner with
e-commerce company JD.com.
In accordance with the terms of
the deal users who search for Bulgari
on JD.com will be redirected to a special
Bulgari mini-program operated as part
of JD.com. In laymen’s terms, that
makes Bulgari available within a separate
e-commerce shop within JD.com, rather
than being available directly on its platform.
This partnership marks the first
time Bulgari has worked with a third party
e-commerce partner. This partnership is
similar to the one Bulgari currently has with
Louis Vuitton, where users are redirected
to Louis Vuitton’s WeChat mini-program
to purchase a full range of the brand’s
products. Berluti and Givenchy Beauty
also have flagship stores on JD.com that
opened last month.
AEPC along with other organisations
in the VSF value chain had appealed
to Prime Minister Narendra Modi for
removing ADD on VSF to address issues
related to VSF spun yarn availability and
price to prevent job losses and halting of
production across the VSF textile value
chain.
AEPC said that the decision will help
the MMF segment, which both industry
and government have identified as the
sunrise sector for increasing the share of
India in global apparel trade.
With quality fabric at the right price
in place, it will finally give wings to the
proposed Production Linked Incentive
(PLI) scheme for the MMF segment.
The removal of protectionist tariffs
on VSF will make the domestic VSF prices
aligned with the global VSF prices making
the entire Indian VSF textile value chain
globally competitive.
It will boost production and exports
of these products, Sakthivel added.
from the impact of the second wave of the
COVID-19 pandemic.
The unemployment rate in rural
areas fell to 6.34 per cent, while that in
urban areas was 8.30 per cent in July, down
from 10.07 per cent in June.
According to the Centre for
Monitoring Indian Economy (CMIE), the
unemployment rate was the highest in
May 2021 in the last one year, as it had
increased to 11.90 per cent. The urban
unemployment rate in the same month
had shot up to 14.73 per cent, due to the
severe effects of the second wave of the
pandemic. As of the week ended July 25,
the employment rate was 38.2 per cent,
just a little short of the 38.5 per cent level
in the week ended March 28.
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: Global Textiles & Apparels
Associations & Company affairs
Mumbai: Dr Martens, the British
clothing and footwear retailer, saw its Q1
revenue surge by 52 per cent to clock
£147.3 million.
The revenue growth was 31 per
cent, when compared to the first quarter
of 2019.
The revenue increase by a
whopping 106 per cent in the Americas,
which was largely due to increase in
wholesale sales.
The fashion retailer posted a year-
over-year (Y-o-Y) increase of 50 per cent
in wholesale during the first quarter that
EDANA & INDA Tempur Sealy
launch 2021 edition Q2 FY21 Results
Mumbai: EDANA and INDA, the
leading global nonwovens associations,
jointly announce the launch of the 2021
edition of standard procedures for the
nonwovens and related industries.
These Nonwovens Standard
Procedures help technically define the
nonwovens industry, with specifiers
for the properties, composition, and
specifications of its products.
Offering harmonized language for
the industry across the USA and Europe,
and recognized by many other individual
markets, the procedures offer a way for the
nonwovens industry to communicate both
across the globe, and within the supply
chain to ensure that product properties
can be consistently described, produced,
and tested.
The harmonized methods contained
in the Nonwovens Standard Procedures
(NWSP) edition include 107 individual
test procedures and guidance documents
to support applications across the
nonwovens and related industries.
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ended 30 June 2021.
The retailer, however, added that
wholesale figures were skewed because
in the Q1, 2020, a majority of wholesale
consumers had to reschedule their orders
due to the pandemic.
Country-wise, the retailer saw its
revenue in Europe, the Middle East and
Africa jump by 30 per cent Y-o-Y. The
increase was 17 per cent in the Asia-
Pacific region during the quarter.
Despite all challenges, the retailer
hopes to perform very well for the full
2022 financial year.
Mumbai: Tempur Sealy, has reported
75.8 per cent sales growth to $1,169.1
million in its second quarter (Q2) of FY21
ended on June 30, 2021, against 665.2
million in Q2 FY20.
The company's net income for the
quarter skyrocketed over 500 per cent to
$140.8 million ($23.0 million).
The Gross profit during the three-
month period grew 94.9 per cent to $518.2
million ($265.9 million), and the operating
income escalated 318.2 per cent to $223.3
million ($53.4 million).
The Sales in North America surged
75.2 per cent to $1,013.8 million ($578.6
million), while the international segment’s
sales jumped 79.3 per cent to $155.3
million ($86.6 million).
The company has also updated
its financial guidance for 2021 reflecting
the improved business trends and the
acquisition of Dreams, which is expected
to close in early August.
For FY21, Tempur Sealy now expects
net sales growth to exceed 35 per cent over
prior year.
12 Month
144 Editions

Global Textiles & Apparels,
Mumbai, Wednesday, 04 August 2021
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Global Textiles & Apparels,

Mumbai, Wednesday, 04 August 2021
Bangladesh Textiles & RMG reopen
Bangladesh: Around 84
per cent of Bangladesh’s textile
and readymade garment (RMG)
factories under the purview of
the Industrial Police resumed
production on August 1 after the
government allowed all export-
oriented industries to operate
amid the strict lockdown.
At least four-fifths of
garment workers reportedly
returned to their workplaces on
the day.
Tr a d e u n i o n l e a d e r s ,
however, alleged that health
and safety rules, especially
maintaining social distancing
inside the factories and hand
washing with soap, were not fully
followed.
Wearing masks was the
only criterion that was adhered
to, they said.
A total of 2,725 textile
and RMG factories registered
with Bangladesh Garment
Manufacturers and Exporters
Association (BGMEA),
Bangladesh Knitwear
Associations & Company affairs 06
Manufacturers and Exporters
Association (BKMEA) and
B a n g l a d e s h Te x t i l e M i l l s
Association (BTMA) are located
in six industrial zones of
Dhaka, Gazipur, Narayanganj,
Chattogram, Mymensingh and
Khulna under the Industrial Police.
Out of those, 2,312 units
opened on August 1 after Eid
vacation while 463 textile and
RMG factories remained closed.
Besides, 340 factories
under Bangladesh Export
Processing Zones Authority
(BEPZA) remained open on the
say while nine remained closed.
There are a total of 8,226
manufacturing units, including
those of textile and RMG,
under the jurisdiction of the
Industrial Police. Soon after the
announcement of the decision
by the cabinet, thousands of
workers rushed towards the major
cities in over-packed trucks, pick-
ups, buses, trains and steamers
without paying any heed to
COVID-19 protocols.

Grasim awarded 'The Economic Times Promising Plants 2021’ Pingnan County to invest in
Mumbai: Grasim Industries
Limited, the flagship company
of the $46-billion Aditya Birla
Group, has been awarded 'The
Economic Times Promising
Plants 2021’ in India for its Nagda
SFD plant.
The 155 KTPA plant at
Nagda is the world’s largest
producer of spun-dyed specialty
ANDRITZ to supply a Complete Textile
Recycling Line to Renaissance Textile
fibre. It produces a wide range
of VSF in terms of length, denier
and colour.
T h e E c o n o m i c Ti m e s
Promising Plants 2021 is an ET
Edge initiative put together with
The Machinist magazine and
the ET Polymers Magazine to
recognise, highlight and felicitate
plants/factories which have not
only scaled excellence but are
serving as a source of inspiration
to its peers and other industries
in the country; and most of all,
working towards the vision of
‘Make in India.’
PVH Corp completes
sale of Heritage
Brands to ABG
Mumbai: PVH Corp,
has completed its previously
announced sale of certain
Textiles Industry Cluster
China: Pingnan County in the Guangxi region of China is building
a textile industry cluster at an investment of ¥26.4 billion ($4.08 billion)
to take advantage of its geographic location. The county has signed
over 226 textile and garment projects for the upcoming cluster and
will build over 100 enterprises, 37 of which are expected to begin
operations by the end of this year. In the first phase of the project,
9 dyeing and printing enterprises will begin their operations. The
industrial park has a capacity of treating 100,000 tons of sewage and
1,250 tons of dyeing and printing fabrics on a daily basis. The Pingnan
County is slated to host 2021 Maritime Silk Road textile and clothing
fashion conference in October this year.

Mumbai: ANDRITZ
has received an order from
Renaissance Textile to deliver a
complete recycling line for their
first recycling platform, located
in Laval, France. Start-up of the
line is scheduled for the end of Q2
2022. The plant will be equipped
with a complete recycling line
from ANDRITZ Laroche.
First of all, post-consumer
waste fibers will be opened, then
mixed with virgin fibers and spun
once again in order to ultimately
produce new textiles.
The specific design of this
line is the outcome of close
collaboration between
intellectual property and other
assets of its Heritage Brands
business to Authentic Brands
Group (ABG).
The purchase price for the
transaction, which includes Izod,
Van Heusen, Arrow and Geoffrey
Beene trademarks, was $223
million.
Carter's targets by 2030
Mumbai: Carter’s, aims
to use 100 per cent sustainable
cotton and polyester fibres by
2030, while maintaining high
quality and safety standards.
It also targets reducing
greenhouse gas emissions by
at least 25 per cent by 2030 and
develop a science-based target.
The company will also
strive to use more sustainable
packaging and reduce landfill
waste as well as promote efficient
use of water in the manufacturing
of its products, according to its first
Corporate Social Responsibility
(CSR) Report, detailing its
strategic environmental, social
and governance priorities and
initiatives.
Carter’s will also focus on
improving the well-being of at
least 10 million families and at
least 1 million workers within
its global value chain by 2030.
It will also increase diverse
representation across its global
value chain.

Columbia Sportswear Company Q2 FY21

Mumbai: Columbia
S p o r t s w e a r C o m p a n y, a n
innovator in active outdoor
lifestyle apparel and footwear,
Poshmark to
launch in India
Mumbai: Poshmark, Inc., a
social marketplace for new and
secondhand style for women,
men, kids, pets, and home goods
is expanding to India, the second
most populous country and one of
the fastest-growing e-commerce
markets in the world.
By the end of this quarter,
Poshmark’s platform will be fully
operational in India.
The Indian market has
over 622 million active internet
users and a rapidly growing
base of sustainability and value-
conscious consumers, particularly
Gen Z and Millennials.
International expansion
remains one of Poshmark’s
primary growth strategies. Most
recently, Poshmark launched
in Australia in February 2021,
extending its community and
model beyond North America.
In May 2019, the company
launched in Canada, where its
community has grown to over
2.5 million Canadians who have
listed half a billion dollars worth
of inventory.
has exceeded its expectations
with 79 per cent sales growth to
$566.4 million in second quarter
(Q2) of FY21 compared to same
period of 2020.
The company surpassed
pre-pandemic levels with
strong performance in its US
wholesale and DTC brick & mortar
businesses.
The Gross profit for the
quarter ended on June 30, 2021,
surged to $292.5 million ($146.2
million), whereas operating
income increased to $34.9 million
(loss: $70.3 million).
The Net income for the
quarter expanded to $40.7 million
(Q2 FY20: loss $50.7 million).
The sales in all the regions
improved during the quarter: US
sales boosted 107 per cent to
$379.1 million ($183.2 million);
Latin America and Asia Pacific
grew 16 per cent to $78.0 million
($67.4 million); Europe, Middle
East and Africa were up 52 per
cent to $88.5 million ($58.3
million); and Canada’s sales
escalated 170 per cent to $20.8
million ($7.7 million).
The Sales from Columbia
brand during Q2 FY21 were
$484.3 million ($265.8 million),
and Sorel sales were $23.1
million ($13.3 million). Moreover,
Prana brand’s sales rose to
$39.7 million ($27.7 million), and
Mountain Hardwear sales were
$19.3 million ($9.8 million).