Corporates

Morocco, Sunrise Group Sign MAD 2.3 Billion Textile Deal

Textile Insights March 25, 2025

Morocco has signed an investment agreement with Chinese textile giant Sunrise Group to strengthen its textile industry. The MAD 2.3 billion deal, signed in Rabat, will establish two industrial units in Skhirat and Fez, creating 7,000 direct and 1,500 indirect jobs. The project aims to build an

Corporates

Garware Technical Fibres Sets Up UK Subsidiary

Textile Insights March 24, 2025

Garware Technical Fibres has incorporated a wholly owned subsidiary, Garware Technical Fibres UK (GTFL UK), to expand its technical textile business in the UK. As per an exchange filing, GTFL UK was established with an initial capital of 10,000, comprising 10,000 shares of 1 each, acquired through cash consideration. The subsidiary aligns with the parent […]

Corporates

SOLARIC Installs 421 KWp Rooftop Solar Plant At COATS BD

Textile Insights March 20, 2025

SOLARIC, the largest rooftop solar company in Bangladesh and a leader in sustainable energy solutions, has announced the successful completion of a new 421 KWp rooftop solar power plant at the COATS BD factory in Rajendrapur, Gazipur. The installation will enhance the factory’s energy mix with clean energy, reducing carbon emissions, lowering electricity costs, and […]

Corporates

Mario Mendis Appointed EuroCham Chief Delegate for Central Vietnam

Textile Insights March 17, 2025

EuroCham Vietnam has appointed Mario Mendis as Chief Delegate for Central Vietnam, reinforcing its commitment to strengthening business engagement and advocacy in the region. Mendis, a seasoned international hotelier with 26 years of experience across Australia, Sri Lanka, Dubai, Thailand and Vietnam, previously served as Chairman of EuroCham’s Tourism & Hospitality

Corporates

Lenzing AG Announces Changes In Supervisory Board Leadership

Textile Insights March 17, 2025

Lenzing AG has announced changes to its Supervisory Board leadership ahead of its 81st Annual General Meeting (AGM) on April 17, 2025. Cord Prinzhorn, the current Supervisory Board Chairman, will step down at the end of his mandate to focus on other commitments within B&C Group. Patrick Lackenbucher, Managing Director of B&C Group, has been […]

Corporates

D’DECOR Appoints Debajit Kundu As Vice President

Textile Insights March 17, 2025

D’DECOR HOME FABRICS has appointed Debajit Kundu as Vice President, bringing extensive experience in textile manufacturing and operational excellence. With a strong background in weaving and fabric production, Kundu will focus on driving growth and innovation in the home textiles sector. Prior to joining D’DECOR, Kundu held leadership roles at Vardhman

Corporates

Julien Leclercq Appointed Chairman Of Decathlon’s Board Of Directors

Textile Insights March 17, 2025

Decathlon, a global leader in sports retail, has announced the appointment of Julien Leclercq as the new Chairman of its board of directors, succeeding Fabien Derville, who has held the position since 2018. The leadership transition took effect on March 10, 2025. During his tenure, Fabien led Decathlon through a period of significant growth and […]

Corporates

Karl Mayer Secures Trademark Victory For PROWARP, PROSIZE And PRODYE

Textile Insights March 17, 2025

Karl Mayer has successfully defended its trademark rights for PROWARP, KARL MAYER PROSIZE and PRODYE after a prolonged legal battle in Turkey. The company, known for its high-performance textile machines, registered these trademarks for its sectional warping machine (2015), sizing machine (2012), and indigo dyeing unit (2018) to safeguard its innovative technology and

Corporates

Köksan Expands In China With Oerlikon Barmag’s CP Technology

Textile Insights March 13, 2025

Oerlikon Barmag Huitong Engineering (OBHE) has signed a cooperation agreement with Köksan Group, a leading PET producer from Türkiye, to establish a Continuous Polycondensation (CP) production facility with a capacity of 400,000 tons per year. This investment marks a significant step in Köksan’s global expansion strategy. Major Investment in China Köksan will invest a high

Corporates

Becquer Powers D’décor Home Fabrics With Rooftop And Façade Solar Integration

Textile Insights March 13, 2025

Becquer has enhanced its manufacturing capabilities to integrate solar cells with various building materials, expanding their use across different types of buildings, factories, and superstructures. Over the past few years, Becquer has installed integrated solar hardware at multiple D’décor Home Fabrics factories—one of the world’s largest manufacturers of curtain and