Corporates

Indorama Ventures Closes $500mn Syndicated Term Loan Facility

Textile Insights May 13, 2024

Thailand headquartered Indorama Ventures has successfully closed a US $500 million syndicated term loan facility, arranged by HSBC and Standard Chartered Bank. This loan is part of its program to refinance upcoming maturities totaling $1.1 billion, with a focus on generating ample liquidity,

Corporates

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Textile Insights May 11, 2024

Post a one-time restructuring, India’s leading garment manufacturer and exporter Orient Craft Limited, has become debt free. The restructuring was done post the Covid pandemic induced financial stress. The Sudhir Dhingra led company worked closely with a consortium of 11 banks to successfully monetise its marquee land and factory assets to pay-off a total debt […]

Corporates

Indorama Ventures ESG Performance Upgraded From ‘A’ To ‘AA’

Textile Insights May 11, 2024

MSCI has upgraded rating of Indorama Ventures from ‘A’ to ‘AA’ for its Environmental, Social, and Governance (ESG) performance towards achieving its ongoing sustainability goals and commitments. Morgan Stanley Capital International (MSCI), a leading provider of research-driven analytics ranked Indorama Ventures among the top 12 percent of 57 global companies in the

Corporates

iFabric Corp. Secures USFDA Medical Device Registration For Innovative Apparel Products

Textile Insights May 10, 2024

iFabric Corp., a renowned leader in innovative apparel and textile technologies, has announced a significant milestone achieved by its wholly-owned subsidiary, Intelligent Fabric Technologies (North America) Inc. (IFTNA). The company has successfully obtained a coveted U.S. Food and Drug Administration (USFDA) Medical Device Registration for its groundbreaking apparel

Corporates

Wrangler Expands Denim Upcycling Efforts Through New Partnerships

Textile Insights May 10, 2024

In honour of Earth Month, Wrangler, the iconic denim brand with 77 years of history, has announced new partnerships to promote circular production practices and reduce denim waste. Through collaborations with Beyond Retro, Accelerating Circularity and the Texas Playboys baseball club, Wrangler reinforces its commitment to sustainability by giving new life to old denim and

Corporates

Arvind Ltd Veteran Susheel Kaul Named As MD & President

Textile Insights May 9, 2024

Sanjay Lalbhai led Arvind Limited has named its veteran Susheel Kaul as its new Managing Director & President – Textile Cluster effective from April 1, 2024. “Susheel Kaul who currently serves as the President & CEO of Textiles and Apparels at Arvind Ltd, brings a wealth of experience and leadership to his new role,” the […]

Corporates

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

Textile Insights May 5, 2024

Suominen is bolstering its capabilities in sustainable products by upgrading and enhancing one of its production lines in Bethune, South Carolina, USA. This strategic investment aligns with Suominen’s vision to lead in nonwovens innovation and sustainability. “This investment reinforces our position as the foremost provider of sustainable nonwovens in the Americas market,

Corporates

Garment Mantra Lifestyle Expands Business Operations To North East India

Textile Insights May 5, 2024

Garment Mantra Lifestyle Ltd has announced its expansion into the North East region of India, targeting key distribution points in Siluguri, Gauhati and Tinasukiya. Through strategic tie-ups and collaboration with distributors in these regions, Garment Mantra aims to provide direct market intelligence to enhance product placement and cater to the needs of retailers

Corporates

FENC Leads In Sustainable Polyester Industry Expansion

Textile Insights May 5, 2024

Far Eastern New Century (FENC) is leading the global sustainable recycled polyester industry. With the world’s largest production of food-grade recycled polyester, FENC oversees a seamlessly integrated production and sales system spanning from recycled feedstock to end product applications. Through its vast recycling capacity, FENC recycles over 22 billion

Corporates

Federico Pellegata Appointed New General Secretary Of Cematex

Textile Insights May 4, 2024

Federico Pellegata has been appointed as the new General Secretary of Cematex, the European Committee of Textile Machinery Manufacturers, succeeding Cornelia Buchwalder, to whom Cematex extends gratitude for her professionalism and competence. Federico Pellegata was nominated by the Cematex Board of Directors on April 11, 2024. He has been a longstanding member of the