Corporates

Oerlikon Neumag Takes Over Truetzschler BCF/IDY Service

Textile Insights August 25, 2024

Oerlikon Neumag, part of the Swiss Oerlikon Group’s Polymer Processing Solutions Division, will now handle customer services and spare parts for Truetzschler’s carpet yarn (BCF) and industrial yarn (IDY) systems. This transition follows a recent agreement with Truetzschler Group,

Financial Results

Raymond Q1 Profit Up 26.7%; Completes Demerger Of Lifestyle Business

Textile Insights August 25, 2024

Raymond Ltd has announced a 26.7% rise in consolidated net profit from continuing operations, reporting net profit of Rs 57.04 crore for the first quarter ended June 2024, compared to Rs 45.02 crore in the same period last year, according to a regulatory filing on Tuesday. The company’s revenue from continuing operations increased significantly to […]

Economy

BGL Appoints Seth Rosenfield As Managing Director

Textile Insights August 25, 2024

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced the appointment of Seth Rosenfield as Managing Director. Rosenfield, with over 25 years of experience in information services, business media and marketing technology & services investment banking, will co-lead BGL’s new Technology & Information

Textile Print

Prism Inks Launches FUZION Ink, Revolutionizing Printing Versatility

Textile Insights August 25, 2024

Prism Inks has announced the launch of FUZION Ink, a patented innovation (US 2021/0180248A1) that enhances versatility and efficiency in printing. FUZION Ink integrates seamlessly across direct-to-film (DTF) and sublimation printing, allowing for diverse material handling—light or dark, polyester or cotton and hard surfaces—using a single printer. Key Benefits:

Sustainability

Amcor Unveils Decarbonization Roadmap To Slash Greenhouse Gas Emissions

Textile Insights August 25, 2024

Amcor, a global leader in responsible packaging solutions, has announced its Decarbonization Roadmap aimed at reducing greenhouse gas (GHG) emissions. This roadmap aligns with the latest climate science to limit global temperature rise to 1.5 degrees Celsius and is validated by the Science-Based Targets initiative (SBTi). The roadmap centres on five key areas: Product

Sustainability

Indorama Ventures Celebrates Waste Hero Programme Success At 2024 Excellence Event

Textile Insights August 25, 2024

Indorama Ventures, in collaboration with SEAMEO SEPS and Yunus Thailand, announced the achievements of the Waste Hero education programme at the ‘2024 Waste Hero Excellence Announcement’ in Bangkok. Launched in 2023, the programme promotes sustainable waste management across South-East Asia, engaging over 1,700 educators and reaching countries including

Event

C3M Exhibition Postponed To September 2025

Textile Insights August 25, 2024

The organizers of the C3M Exhibition have announced the postponement of the event, which was originally scheduled to take place from November 21-23, 2024, at the ICCB Exhibition Centre in Bashundhara, Dhaka, Bangladesh. Due to the current situation in Bangladesh, which is not conducive for hosting large-scale events, the exhibition has been rescheduled to September […]

Apparel, Fashion, Retail

Sooper Dooper Kids: Fashion With A Heart

Textile Insights August 25, 2024

Sooper Dooper Kids is redefining children’s fashion by integrating style with social impact. Their “One Purchased is One Donated” initiative ensures that every purchase supports a charitable cause, embodying the brand’s commitment to kindness, inclusivity and giving back. Each item purchased not only dresses a child but also contributes to a movement of

Corporates

Inflection Point Ventures Achieves 33% IRR With Full Exit From Fashor

Textile Insights August 25, 2024

Inflection Point Ventures (IPV), a leading angel platform with over Rs 720 crore invested in 200+ startups, has exited its investment in Fashor, securing a 33% IRR and 3.75X MoM return within 54 months. This success highlights IPV’s strategic prowess in nurturing startups and timing exits. Mitesh Shah, Co-Founder of IPV, stated, “Our data-driven exit […]

Corporates

BTRA And ARCI Sign MoU To Advance Carbon Fibre Development In India

Textile Insights August 25, 2024

BTRA and ARCI have signed a significant Memorandum of Understanding (MoU), marking a new chapter in India’s growth journey in carbon fibre development. This strategic partnership aims to drive innovation in sustainable mobility by leveraging the strengths of both organizations. Through this collaboration, BTRA and ARCI are set to accelerate the development of