Corporates

Renewcell Secures SEK 100 Million In Short-Term Financing

December 24, 2023

Renewcell AB has successfully addressed its short-term liquidity needs through strategic financial arrangements. The company secured two short-term loans totaling SEK 100 million from major shareholders, H&M Fashion AB and Girincubator AB, as well as existing lenders BNP Paribas, European

Corporates

Precot Joins ITMF As Corporate Member To Expand Global Reach

December 24, 2023

Precot, a leading provider of a diverse range of cotton products for cosmetic, personal hygiene and medical applications, has recently become a Corporate Member of the International Textile Manufacturers Federation (ITMF). This move is poised to enhance Precot’s international standing and foster collaboration within the global textile industry. Christian Schindler,

Corporates

Indorama Again Included In DJSI World & DJSI Emerging Markets

Textile Insights December 21, 2023

Indorama Ventures has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the seventh year in a row. “The continued inclusion reflects the company’s commitment to sustainability and robust ESG practices,” the Thailand

Corporates

PVH Corp. Announces Two New Leadership Appointments

December 17, 2023

PVH Corp. has appointed Sophia Hwang-Judiesch as the President of Tommy Hilfiger North America, effective January 8, 2024. She will report to Stefan Larsson, CEO of PVH. Amba Subrahmanyam has been promoted to Chief People Officer at PVH and will join the executive leadership team. Both Hwang-Judiesch and Subrahmanyam will contribute to the global Tommy […]

Corporates

Canada Goose Acquires Paola Confectii Manufacturing’s European Facility

December 17, 2023

Canada Goose has announced the acquisition of the operating assets of Paola Confectii Manufacturing, marking the company’s first European facility. This strategic move aligns with Canada Goose’s Strategic Growth Plan, aiming to expand existing categories and increase year-round relevance. Paola Confectii, based in Romania, has been a trusted partner in

Corporates

Panda Biotech Initiates Commissioning For Largest Hemp Processing Facility

December 17, 2023

Panda Biotech announced the completion of construction for its Panda High Plains Hemp Gin and the initiation of the official commissioning process in early Q4 2023. The 500,000 square feet facility in Wichita Falls, Texas, is set to become one of the largest hemp decortication centres globally. The Panda Hemp Gin will process 10 metric […]

Corporates

Peter Schulz To Join As Interim CFO At Renewcell

December 16, 2023

Peter Schulz will join Renewcell in the role of interim Chief Financial Officer (CFO) from 1 January 2024. He comes from a role as CFO at Pacific Basin Shipping (publ.) in Hong Kong, a position he has held for the past six years. Peter Schulz has extensive experience as CFO from both listed and private […]

Corporates

Sutlej Textiles Appoints Rohit Arora As Executive President Of Birla Textile Mills

December 16, 2023

In a strategic move to bolster its leadership team, Sutlej Textiles And Industries Ltd has announced the appointment of Rohit Arora as Executive President of Birla Textile Mills (Unit I and II) with effect from December 11, 2023. Arora, a seasoned professional with over 24 years of extensive experience, brings a wealth of expertise in […]

Corporates

Trident Investing Rs 1,450 Crores In Enhancing Capacity

Textile Insights December 14, 2023

Trident Ltd will invest an ambitious Rs. 1,450 crores for capacity expansion across its spinning, bath linen and chemical businesses. The Rajinder Gupta led company plans to add around 100,000 spindles and 42 looms at a cost of Rs. 1,350 crores, while Rs. 100 crores will be spent on expanding the chemicals business. Currently, the […]

Corporates

Schutzen Chemicals Wins ISC3 Innovation Award 2023

December 13, 2023

In the ISC3 Innovation Challenge 2023, Schutzen Chemical Group, led by founder Raj Tanna, clinched the ISC3 Innovation Award 2023 for their commitment to Sustainable Chemistry. Tanna highlights the dire consequences of increased plastic production, including global warming, harmful substance release, and poor end-of-life options. The startup focuses on developing biobased