Vardhman Textiles is among India’s largest manufacturers of yarn, sewing threads & acrylic fiber. It manufactures for brands like GAP, H&M, Uniqlo, Benetton, Wills, Van Heusen, and Peter England.
According to Neeraj Jain, Joint Managing Director, Vardhman Textiles the third quarter results are not expected to be great and revenue could be in single digits or early double digits as compared to around 18 percented reported in Q2.
As most of the Indian spinning companies were holding on to cotton and when the cotton prices worldwide came down September, the yarn prices got adjusted with the cotton price. But the margins come under pressure
They expect the fourth quarter could be better
With Vardhman Group set to invest Rs 560 crore for setting up weaving and fabric units in Himachal Pradesh’s Baddi town, Jain said that the project will be completed in 18 months and will add 250 looms to the weaving capacity, which in turn will help consolidate the overall fabric business.
Kevlar EXO is strengthening its role in personal protection with its introduction into hard armor products such as helmets and…
KIPAS Textiles has introduced fibR-e, aimed at solving the long-standing challenges that have stopped polyester from becoming a fully circular…
Portal has launched the Biome Insulated Jacket, a performance-focused outerwear piece created with Italian insulation expert Thermore.
Trivantage, a well-known supplier of fabrics and hardware for the shade industry, has launched a new shade sail fabric from…
Navis TubeTex has announced a new partnership with Icomatex, a respected European company known for its high-quality stenters and textile…
Innovo Fiber has announced an exclusive global distribution partnership with Archroma to widen access to its Fibre52 low-temperature bleaching technology.