Corporates

Küçükçalık To Expand With US$ 50M IFC Investment

Textile Insights December 19, 2024

The International Finance Corporation (IFC) has committed a US$ 50 million investment in Küçükçalık Tekstil Sanayi ve Ticaret A.Ş. (Küçükçalık), a leading home textiles manufacturer with operations in Türkiye and Egypt. The funding will support capacity expansion and sustainability initiatives.

Corporates

Birla Cellulose Achieves Top Rank In Canopy’s Hot Button Report 2024

Textile Insights December 18, 2024

Birla Cellulose has been recognized as the leading supplier of Man-Made Cellulosic Fibers (MMCF) with the highest rating of ‘Dark Green Shirt’ for the fifth consecutive year in Canopy’s Hot Button Report 2024. This prestigious ranking reflects Birla Cellulose’s commitment to sustainable wood sourcing, forest conservation, and transparency across its value

Corporates

Voltas Subsidiary UMPESL Partners With KPCL To Revolutionize Compressors In The Textile Industry

Textile Insights December 18, 2024

Universal MEP Projects & Engineering Services Limited (UMPESL), a wholly-owned subsidiary of Voltas Limited, a TATA Enterprise, and Kirloskar Pneumatic Company Limited (KPCL) have entered into a strategic agreement to deliver world-class, energy-efficient Centrifugal and Screw Compressors to India’s textile industry. Kirloskar Pneumatic Company Limited, a

Corporates

AATCC And TAI Partner To Boost India-USA Textile Ties

Textile Insights December 17, 2024

As part of its global outreach, the American Association of Textile Chemists & Colorists (AATCC) has signed a Memorandum of Understanding (MOU) with The Textile Association (India) (TAI). The agreement aims to enhance communication, promote educational activities, and strengthen ties between the two organizations to benefit the Indian textile industry. The MOU focuses

Corporates

Better Cotton CEO Alan McClay To Step Down In Oct. 2025

Textile Insights December 17, 2024

Alan McClay, CEO of Better Cotton, has announced his retirement, with plans to step down in October 2025. McClay has led Better Cotton since 2015, during which time the organization has grown into a global leader in sustainable cotton production. His vision, unwavering dedication and personal commitment to Better Cotton’s mission have been instrumental in […]

Corporates

Abercrombie & Fitch Co. Announces Multi-Year Franchise Partnership with Myntra Jabong In India

Textile Insights December 17, 2024

Abercrombie & Fitch Co. announced a new multi-year franchise partnership with Myntra Jabong India Private, Ltd., Myntra’s business-to-business wholesale entity (Myntra Jabong), aimed at expanding the global reach of its brands in India. Under the franchise agreement, Myntra Jabong will establish a brick-and-mortar retail store presence across the country, regional

Corporates

T.T. Ltd’s Howrah Project To Begin Production And Warehousing Soon

Textile Insights December 16, 2024

The Howrah Project of T.T. Ltd, located in the West Bengal Hosiery Park, is making significant strides towards completing construction work and will soon begin warehousing and production of innerwear, undergarments, garments and fabric. A Vaastu Puja and Havan were held at the new factory’s ground floor in the presence of Sanjay Kumar Jain, Managing […]

Corporates

Woodspin And PUMA Sign Multi-Year Letter Of Intent For SPINNOVA Fibre

Textile Insights December 16, 2024

Woodspin Oy, the producer of sustainable SPINNOVA fibre, has signed a multi-year Letter of Intent (LOI) with global sports brand PUMA SE. This non-binding agreement secures access to wood-based SPINNOVA fibre volumes for several years, marking a significant step in sustainable material adoption within the sportswear industry. Woodspin, a joint venture between Spinnova and

Corporates

Freudenberg Performance Materials Acquires Heytex Core Business

Textile Insights December 16, 2024

Freudenberg Performance Materials Holding GmbH, the parent company of Mehler Texnologies, has completed the acquisition of Heytex Group’s core business following approvals from antitrust authorities in Germany, Austria and Poland. The acquisition includes Heytex’s three production sites in Germany and China, along with all headquarters-related functions, now integrated

Corporates

Parkdale And Trützschler Celebrate 55 Years Of Collaboration

Textile Insights December 13, 2024

Parkdale, a leading global spun yarn provider, and Trützschler, a textile machinery innovator, mark over 55 years of partnership. Their collaboration, rooted in a shared commitment to quality, innovation, and sustainability, continues to drive advancements in the textile industry. A Legacy of Excellence Founded 108 years ago, Parkdale began operations in Gastonia, North