Corporates

Gildan To Acquire Hanesbrands In US$ 2.2 Billion Deal

Textile Insights August 18, 2025

Montreal-based Gildan Activewear is set to acquire HanesBrands Inc. in a deal valued at US$ 2.2 billion, or about US$ 4.4 billion including debt, expanding its portfolio with well-known labels such as Hanes and Maidenform. Under the terms, HanesBrands shareholders will receive 0.102 Gildan

Corporates

OCM Names Dhruva Singh Chauhan As CEO

Textile Insights August 18, 2025

OCM Private Limited has named Dhruva Singh Chauhan as its new Chief Executive Officer, marking a significant leadership transition for the century-old textile brand as it embarks on its next phase of growth and innovation. Chauhan brings with him over two decades of experience in the textile and apparel industry, with expertise spanning vertically integrated […]

Corporates

Vardhman, NITRA Sign MoU For Next-Gen Sustainable Fibre Development

Textile Insights August 18, 2025

Vardhman Group has entered into a strategic partnership with the Northern India Textile Research Association (NITRA) to advance research and development in milkweed fibre, a sustainable alternative to conventional textile materials. The Memorandum of Understanding (MoU) was signed by Neeraj Jain, Joint Managing Director of Vardhman and Dr. M. S. Parmar, Director General of

Corporates

Ludhiana Textile Firm To Invest Rs 2,500 Cr In Mandsaur Unit

Textile Insights August 18, 2025

A Ludhiana-based textile company has acquired 25 hectares of land in the upcoming Basai industrial area, Mandsaur, with plans to invest Rs 2,500 crore in setting up an advanced integrated textile unit. Spread across 178.83 hectares, the Basai industrial area is being developed at a cost of around Rs 89 crore. Once completed, it is […]

Corporates

Gokaldas Exports Approves Amalgamation Of BRFL Textiles

Textile Insights August 18, 2025

The board of Gokaldas Exports Ltd (GEX) has approved the amalgamation of BRFL Textiles Pvt. Ltd. (BTPL) with the company, in a meeting held on August 9, 2025. Gokaldas Exports had made a strategic investment in BTPL in June 2024 through optionally convertible debentures, and earlier this week, its board approved raising its stake in […]

Corporates

MATEXIL Joins High-Level Talks With Textile Minister On Post-Tariff Strategy

Textile Insights August 14, 2025

The Man-Made and Technical Textiles Exporters Association of India (MATEXIL) participated in high-level consultations convened by the Hon’ble Textile Minister to discuss the evolving trade scenario following US President Donald Trump’s recent tariff announcement. MATEXIL Chairman Shaleen Toshniwal, Vice Chairman Anil Rajvanshi, and Narendra Dalmia attended the meeting

Corporates

Borana Weaves Expands With 192 New Water Jet Looms

Textile Insights August 14, 2025

Borana Weaves Limited has begun commercial operations of 192 state-of-the-art water jet looms at its facility in Hojiwala Industrial Estate, Sachin, Surat, marking a significant milestone in its ongoing expansion plan to install a total of 348 looms. The new capacity is expected to boost operational efficiency, increase production volumes, and enable the company to […]

Corporates

Eastman, Huafon Partner On Naia Yarn In China

Textile Insights August 14, 2025

Eastman has announced a formal strategic partnership with Huafon Chemical to establish a joint facility for the production of cellulose acetate yarn. The facility will focus on localized production and product innovation for Eastman Naia™ cellulose acetate filament yarns in China. “China is the world’s largest textile supply chain hub and a frontier for product […]

Corporates

Karl Mayer Technical Textiles Appoints Hagen Lotzmann As Managing Director

Textile Insights August 11, 2025

Karl Mayer Technical Textiles has appointed Hagen Lotzmann as its new Managing Director, effective July 1, 2025. He will also serve as President of the Karl Mayer Technical Textiles business unit. A mechanical engineer by training, Lotzmann has been with the company since 2008, contributing in roles ranging from development engineer to sales engineer, and […]

Corporates

Fineotex Expands Production Capacity With New Ambernath Facility

Textile Insights August 9, 2025

Fineotex Chemical Limited has inaugurated the first phase of its new manufacturing facility in Ambernath, Maharashtra, marking a major step in its growth strategy. The company has invested approximately Rs 60 crore, funded through internal accruals and capital raised, while adding 7 acres to its operational footprint. The expansion increases Fineotex’s production capacity