Corporates

RSWM Limited Appoints Rajeev Gupta As CEO For Growth & Innovation

Textile Insights December 11, 2024

RSWM Limited, the flagship company of the LNJ Bhilwara Group and one of India’s largest textile manufacturers, has appointed Rajeev Gupta as its Chief Executive Officer. With over 30 years of transformative leadership across diverse industries, Gupta brings extensive expertise in operational

Corporates

ABFRL And GIZ Unveil Pioneering Circularity Guidelines For Textile Industry

Textile Insights December 8, 2024

Aditya Birla Fashion and Retail Ltd (ABFRL), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), launched India’s first circularity guidelines for the textile and apparel industry at the Sankalp Bharat Summit 2024 in Varanasi. Titled “Stitching the Circle: A Roadmap for Circular Textiles & Apparel in India,” the

Corporates

Recover Expands Global Footprint With New Recycling Facility In Vietnam

Textile Insights December 7, 2024

Recover, a global leader in recycled cotton fibre and cotton fibre blends, has announced the opening of its newest manufacturing facility in Vietnam’s Dong Nai province, a strategic move in its global expansion strategy. The state-of-the-art factory is slated to begin operations by early 2025, positioning Recover to significantly contribute to sustainable practices in

Corporates

Circularise Secures Investment From Teijin Group To Drive Supply Chain Transparency

Textile Insights December 7, 2024

Circularise, a blockchain-based platform for supply chain transparency and traceability, has announced a strategic pre-Series B investment from Teijin Group. This collaboration positions Teijin as a key partner in advancing Circularise’s mission to enhance transparency and sustainability across global supply chains. Following its successful Series A funding in 2022, this

Corporates

ANDRITZ Partners With Circ To Build Landmark Textile Recycling Plant

Textile Insights December 7, 2024

International technology group ANDRITZ has secured an engineering order from Circ, a U.S.-based textile recycling innovator, to develop its first large-scale textile recycling plant. This groundbreaking facility will be the first to successfully recover cotton and polyester from blended textile waste, marking a significant step toward circularity in the fashion industry.

Corporates

Bangladesh To Invest $19.53 Million In Mongla EPZ

Textile Insights December 6, 2024

Bangladesh BaoRui Textile Co. Ltd., a Chinese enterprise, has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a composite textile manufacturing facility in the Mongla Export Processing Zone (EPZ). The $19.53 million investment aims to strengthen Bangladesh’s textile sector and boost local employment opportunities. The

Corporates

Alok Industries Appoints Jayesh Saxena As CEO – Home Textiles

Textile Insights December 6, 2024

Alok Industries has announced the appointment of Jayesh Saxena as CEO of its Home Textiles division. Based at the company’s Corporate Office in Navi Mumbai, Saxena brings nearly 29 years of extensive experience in the textile industry, covering strategic planning, marketing, product development, production, planning and weaving. Saxena holds a B. Tech degree in textile

Corporates

Ravikant Kapur Joins MC Of FIEO; Paresh Mehta Is Western Chairman

Textile Insights December 6, 2024

Ravikant Kapur has been elected as a member of the Managing Committee (MC) of the Federation of Indian Export Organisations (FIEO), representing the All India 1&2 Star Export House category. Additionally, Team Achievers secured three seats on the committee, with Paresh Mehta being appointed as the Regional Chairman for FIEO’s Western Region. FIEO, comprising over

Corporates

JD Sports Completes €520 Million Acquisition Of Courir

Textile Insights December 3, 2024

JD Sports Fashion Plc has finalized its acquisition of Groupe Courir S.A.S for €520 million, following conditional clearance from the European Commission on October 22, 2024, and the fulfillment of all required conditions. Régis Schultz, CEO of JD Sports Fashion Plc, described the acquisition as a significant step in the company’s European Complementary Concepts strategy.

Corporates

Milliken Partners With Tidal Vision To Advance Biodegradable Chemistries

Textile Insights December 3, 2024

Milliken & Company, a global leader in diversified manufacturing, has announced a strategic investment and partnership with Tidal Vision, a biomolecular technologies company specializing in chitosan-based solutions. This collaboration will drive the introduction of biodegradable chemistries across Milliken’s markets, aligning with their ongoing commitment to