Corporates

Shahi Exports Appoints Alagappan R As COO Of Knits Processing Division

Textile Insights December 3, 2023

Shahi Exports Pvt Ltd has appointed Alagappan R as the Chief Operating Officer (COO) of its Knits Processing Division. A seasoned textile technocrat with over 27 years of expertise in textiles and finance, Alagappan has a robust background from distinguished textile companies, including Aditya

Corporates

Jay Chemical Receives Hohenstein Sustainability Award

Textile Insights December 3, 2023

Jay Chemical Industries has been awarded by Hohenstein India for outstanding commitment to sustainability in the chemical industry. The award, presented at the Hohenstein Global Sustainability Conference on November 23, 2023, recognises Jay Chemical’s eco-friendly practices, particularly in redefining sustainability in the textile sector. This accolade underscores

Corporates

RSWM Acquires Mathura Based Textile Mill Of Ginni Filament

Textile Insights December 2, 2023

RSWM Ltd, one of the biggest textile manufacturers in India has signed a binding term sheet with Ginni Filaments Ltd for proposed acquisition of its textile assets in Mathura for Rs 160 crores. The acquisition is expected to be completed within ninety days of execution of term sheet subject to execution of definitive documents and […]

Corporates

Atlas Copco Group Unveils New Group Logo & Tagline

Textile Insights November 29, 2023

Atlas Copco Group has launched a new identity, including a new group logo, a new visual identity, and a new group tagline -‘Technology that transforms the future’. The current blue and white Atlas Copco brand and logo will continue to be used on products and services, in the same way as other brands in the […]

Corporates

Om Tex Silicones Renews GOTS Certification For Sustainability Excellence

Textile Insights November 26, 2023

Om Tex Chem now known as Om Tex Silicones has announced the renewal of its prestigious Global Organic Textile Standard (GOTS) certification. This reaffirmation underscores the company’s unwavering commitment to delivering outstanding products and services while championing environmental responsibility. The renewed GOTS certification serves as a guiding beacon,

Corporates

Ganesha Ecosphere Plans Rs 500 Crore Preferential & QIP Issues For Expansion

Textile Insights November 26, 2023

In a recent board meeting held on November 24, 2023, Ganesha Ecosphere Ltd deliberated on the future prospects of its rPET chips project. The board acknowledged the potential need for further capacity addition based on engagements with customers. Subsequently, the board approved the following proposals, pending regulatory approvals and shareholder consent: Preferential

Corporates

Yunus Textiles Commissions Two 9.6 MW Wind Turbines

Textile Insights November 26, 2023

Yunus Textiles has introduced its newest sustainable initiative – two state-of-the-art wind turbines, boasting a collective capacity of 9.6 MW. This milestone underscores the company commitment to reducing emissions by a substantial 18,000 tonnes of CO2 annually, equivalent to the positive environmental impact of 108,000 mature trees. Yunus Textiles continues to lead the

Corporates

Muratec Presents ‘Core-Color’ At ITMA Asia

Textile Insights November 25, 2023

Murata Machinery Ltd (Textile Machinery Div.) showcased VORTEX 870 EX at the ITMA Asia exhibition, drawing attention for its excellence since its release. Demonstrations spotlight the spinning of recycled polyester, catering to the rising demand for sustainable practices. One standout feature is the “Core-Color” presented by Muratec, a pioneering proposal for

Corporates

Itema’s R9500EVO Weaving Machines Make Debut In Spain

Textile Insights November 25, 2023

The first batch of Itema’s R9500EVO rapier weaving machines is en route to Spain, marking the debut of the EVO range in high-end furnishing and home decoration fabrics. After a successful launch at ITMA 2023, the market has recognized R9500EVO as a game-changer. Itema provides weavers worldwide with cutting-edge solutions that not only meet but […]

Corporates

Epic Group Wins Environmental Excellence Award

Textile Insights November 25, 2023

Epic Group was recently honoured with the “Sustainable Corporate (Environmental) – Outstanding Award” at the Standard Chartered Corporate Achievement Awards 2023. The event, organized by Standard Chartered Bank and Hong Kong Economic Journal, recognizes outstanding achievements in corporate sustainability. The award underscores Epic Group’s