Corporates

PDS Ltd Raises Rs 421 Crore Through QIP

Textile Insights August 28, 2024

PDS Limited announces the successful completion of its Qualified Institutions Placement (QIP), raising Rs 421 crore (~US$ 51 million). The QIP attracted strong interest from institutional investors, with the subscription exceeding twice the issue size. The overwhelming response and commitment

Corporates

Grasim Appoints Vadiraj Kulkarni As Cellulosic Fibres Head

Textile Insights August 28, 2024

Grasim Industries Limited has named Vadiraj Kulkarni as the Business Head (Designate) for its Cellulosic Fibres division, effective October 1, 2024. Harikrishna Agarwal will remain the Managing Director of Grasim Industries and Business Director for Cellulosic Fibres, ensuring a smooth leadership transition over the coming months, with Kulkarni gradually assuming his new

Corporates

IDF Technology Drives Textile Waste Upcycling In India

Textile Insights August 27, 2024

Trützschler and Gimatex: A Partnership for Innovation Since their collaboration began in 2006, Trützschler and Gimatex have successfully worked together on numerous projects. Gimatex Industries Pvt. Ltd., a family-owned company with over 125 years of history, has adopted Trützschler’s Integrated Draw Frame (IDF) technology to transform textile waste into valuable ring

Corporates

Khandoker Rafiqul Islam Appointed New President Of BGMEA

Textile Insights August 25, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has appointed Khandoker Rafiqul Islam as its new President following the resignation of S. M. Mannan (Kochi). Mannan stepped down due to his need for long-term medical treatment. An emergency meeting was held on August 24 at the Radisson Blu Water Garden Hotel in Dhaka, where the […]

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, which is shifting focus to spinning, card clothing and nonwovens. Oerlikon Neumag,

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