Corporates

Karl Mayer Group Expands Presence In Turkey With Bursa Subsidiary

July 29, 2023

Next October marks the opening of the Karl Mayer Group’s new subsidiary in Bursa, Turkey, as the company responds to growing demand and market importance. Fortifying a 50-year partnership with regional representative Erko A.S., Karl Mayer Group refines its focus on warp knitting and warp

Corporates

Gap Inc. Appoints Chris Blakeslee As Athleta’s President And CEO

July 29, 2023

Gap Inc. announced the appointment of Chris Blakeslee as the new President and CEO of Athleta, with his joining date set for August 7. In his role, Blakeslee will be responsible for driving strategic growth for Athleta, a women’s active and lifestyle brand that is a certified B Corporation and part of Gap Inc.’s portfolio, […]

Corporates

U.S. Cotton Trust Protocol Appoints Daren Abney As Executive Director

July 29, 2023

The U.S. Cotton Trust Protocol announced the appointment of Daren Abney as Executive Director. A sustainability veteran, Abney brings 15 years of international experience garnered in organizations across the apparel and fashion industry such as Better Cotton, Textile Exchange, and most recently Lenzing Group. As Executive Director, Abney will guide the strategic vision and

Corporates

Updeep Singh, President & CEO, Resigns from Sutlej Textiles

July 21, 2023

Sutlej Textiles and Industries Limited (SUTLEJTEX), a prominent player in the textile industry, has announced the resignation of Updeep Singh Chatrath as the President and Chief Executive Officer (CEO) of the company. The resignation is effective immediately and was submitted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing

Corporates

CITI Partners with Ministry of Textiles for Sustainable Development in Samarth Scheme

July 20, 2023

The Confederation of Indian Textile Industry (CITI) has collaborated with the Ministry of Textiles under the Samarth scheme. CITI serves as a crucial interface between the Government of India and the textile and apparel industry, providing essential policy inputs and supporting the sector on various fronts, including sustainable development, research and advisory services.

Corporates

Rieter And Vinatex Partner For Sustainable Textile Education In Vietnam

July 20, 2023

At ITMA 2023 in Milan, Rieter celebrated its exciting new collaboration with Vinatex, one of Vietnam’s leading textile companies. This partnership aims to enhance the training of textile specialists in Vietnam, fostering sustainable growth within the industry. Vinatex, with its 80,000-strong workforce and a diverse portfolio of 45 companies, including 12 spinning

Corporates

Thai Sock Chooses Coats Digital’s FastReactPlan for Enhanced Capacity Planning

July 20, 2023

Thai Sock Co. Ltd., a renowned global sock manufacturer and supplier to well-known brands such as Nike, Paul Smith, Converse and M&S, has selected Coats Digital’s FastReactPlan to streamline its capacity planning processes. FastReactPlan will integrate and consolidate capacity planning information from various sources into one unified and visually intuitive

Corporates

Rieter Achieves 22% Sales Growth And Unveils Ambitious Performance Programme

July 20, 2023

Rieter has announced impressive financial results for the first half of 2023, demonstrating a robust recovery despite challenging market conditions. The company recorded a significant sales increase of 22.2% to CHF 758.2 million compared to the same period last year. The positive sales growth was accomplished despite the impact of the earthquake in Türkiye, which […]

Corporates

Indorama Ventures and SMBC Launch Thailand’s First Sustainable Trade Finance Facility

July 19, 2023

Indorama Ventures Public Company Limited, a global leader in sustainable chemicals, and Sumitomo Mitsui Banking Corporation (SMBC), a prominent international financial institution, inaugurated Thailand’s inaugural sustainability-linked Trade Finance facility. The facility, worth US$ 50 million, aims to support Indorama Ventures’ ongoing commitment to

Corporates

Grasim Industries Conferred ‘Sustainable Organisation 2023’ Award

July 16, 2023

Grasim Industries Ltd was honored with the esteemed title of Sustainable Organization of 2023 at the NavaBharat Environment Conclave and Awards in Mumbai. The award was presented to Pavan Jain, Chief Financial Officer of Grasim Industries, by Shri Nitin Gadkari, the Minister for Road Transport & Highways, Government of India. This prestigious accolade serves as […]