Corporates

Alchemie Wins Best CleanTech Dyeing Award

Textile Insights September 15, 2024

Alchemie Technology has been named the Best CleanTech Textile Dyeing Solutions Company at the SME Midlands Enterprise Awards 2024. This prestigious award recognizes Alchemie’s innovation and leadership in revolutionizing textile dyeing with sustainable, innovative solutions. The SME Midlands

Corporates

Shawmut Acquires Fairystone, Launches Shawmut Infinite

Textile Insights September 15, 2024

Shawmut LLC has announced the acquisition of long-time warp-knitting supplier Fairystone Fabrics through its newly formed affiliate, Shawmut Infinite. Operating out of Burlington, NC, Shawmut Infinite will serve as an independent supplier of contract knitting and warping services, maintaining Fairystone’s management team and workforce. This asset purchase will allow

Corporates

Arvind Invests Rs 48 Cr In Subsidiary ATPPL For Expansion

Textile Insights September 13, 2024

Arvind Limited has made a further investment of Rs 48 crore in its wholly owned subsidiary, Arvind Technical Products Private Limited (ATPPL), through a rights issue. This investment is aimed at meeting ATPPL’s long-term funding needs, working capital expenditure, and general corporate purposes. Arvind’s shareholding in ATPPL remains unchanged at 100% (including

Corporates

Rieter: Alexander Özbahadir Takes Over After Sales

Textile Insights September 10, 2024

Rico Randegger, Head of the Business Group After Sales and member of the Group Executive Committee, will step down from his position on December 31, 2024. The Board of Directors of Rieter Holding Ltd. would like to take this opportunity to thank Rico Randegger for his many years of successful service and his significant contributions […]

Corporates

Aneel Murarka Honoured With Green Textile Warrior Award For 2024

Textile Insights September 9, 2024

Aneel Murarka, the Managing Director of Mirachem Industriies, has been honoured with the prestigious Universal Eminence Award 2024 for Green Textile Warrior of the Year. His company, Mirachem Industries, was also recognized as the “Green Textile Innovation Company” at the event. The awards were presented by renowned actor Arbaaz Khan and Tanuj Virwani and other

Corporates

PVH Corp Appoints Fredrik Olsson As CEO of PVH EMEA

Textile Insights September 9, 2024

PVH Corp. has announced the appointment of Fredrik Olsson as CEO of PVH EMEA, effective Q4 2024. Olsson, currently CEO of Max Fashion, will report to Stefan Larsson, CEO of PVH Corp. He brings extensive experience from his tenure at H&M Group, where he played a key role in expanding the brand globally. Stefan Larsson […]

Corporates

Welspun Living Partners With Avgol Industries To Drive Sustainability

Textile Insights September 9, 2024

Welspun Living, part of the Welspun Group, has announced a strategic partnership with Avgol Industries to advance sustainable solutions in the non-woven sector. Avgol, a global leader in high-performance spun-melt non-woven fabrics and part of the Indorama Ventures Group, will collaborate with Polymateria, a British technology company known for its biodegradable plastic

Corporates

Amcor Appoints Peter Konieczny As CEO

Textile Insights September 8, 2024

Amcor has announced the appointment of Peter Konieczny as Chief Executive Officer, effective immediately. Konieczny, who has been serving as interim CEO since April 2024, will also be nominated for election as a Director at the company’s annual meeting of shareholders in November 2024. Amcor Chairman Graeme Liebelt praised Konieczny’s leadership, noting his role in […]

Corporates

Meera Industries Bags Orders From Bulgaria And Egypt

Textile Insights September 5, 2024

Meera Industries has secured international orders totaling US$ 302,000, highlighting its technological expertise and growing global presence despite a challenging economic climate. The orders include US$ 181,000 from Sorokov Instruments in Bulgaria and US$ 121,000 from Egyptal Hegaz Co. in Egypt. These orders, spanning Europe and the Middle East, underscore the increasing

Corporates

Ganesha Ecosphere Partners With Race Eco Chain For PET Recycling

Textile Insights September 5, 2024

Ganesha Ecosphere to have a joint venture with Race Eco Chain to set up washing plants for producing PET flakes. The company’s Board of Directors approved the move during a meeting on September 4, 2024. As part of the joint venture, Ganesha Ecosphere will acquire up to a 49% stake, while Race Eco Chain will […]