Corporates

Indo Count Acquires Fluvitex USA To Expand Utility Bedding Footprint

Textile Insights September 17, 2024

Indo Count Industries Limited, a global leader in bed linen, today announced a strategic move to expand its Utility Bedding segment. Its U.S.-based subsidiary, Indo Count Global, Inc. (ICG), has acquired Fluvitex USA, Inc., a pillow and quilt manufacturing company in Columbus, Ohio. Fluvitex

Corporates

Fabindia Teams Up With MSME Ministry To Boost Artisans

Textile Insights September 16, 2024

Fabindia, a prominent lifestyle brand renowned for blending traditional Indian craftsmanship with contemporary design, has announced its strategic partnership with the Ministry of Micro, Small and Medium Enterprises (MSME Ministry) under the newly launched PM Vishwakarma scheme. This initiative, unveiled on September 17, 2023, aims to support India’s traditional artisans

Corporates

Home Joy Socks To Invest US$ 50M In BEPZA Economic Zone

Textile Insights September 16, 2024

Chinese company Home Joy Socks Bangladesh Co. Ltd. is set to invest $50 million to establish a socks and garments manufacturing facility in the Bangladesh Export Processing Zones Authority Economic Zone (BEPZA EZ). BEPZA recently signed an agreement with the company at BEPZA Complex in Dhaka. The agreement was signed by BEPZA’s Member (Investment Promotion), […]

Corporates

KARL MAYER Hosts Chinese Delegation, Strengthens Partnership

Textile Insights September 16, 2024

KARL MAYER Group recently hosted a delegation from Shandong province, China, at its headquarters in Obertshausen, Germany. The visit was a key part of their tour through Germany. Jingjin Equipment Co., Ltd., a leading Chinese manufacturer of industrial filter solutions and a valued customer of KARL MAYER for nearly a decade, has made significant investments […]

Corporates

Reliance Retail Partners With Delta Galil For Apparel Innovation

Textile Insights September 16, 2024

Reliance Retail Ventures Ltd (RRVL), India’s leading retailer, has entered into a strategic partnership with Delta Galil Industries Ltd., a global manufacturer and marketer of intimate, active wear, loungewear and denim apparel. The partnership, structured as a 50/50 joint venture, aims to transform the apparel landscape in India. This collaboration will create an

Corporates

ACG Kinna Acquires Styrteknik, Expands Automation Offer

Textile Insights September 16, 2024

ACG Kinna Automatic AB has acquired 100% of Styrteknik Europe AB, a Sweden-based company specializing in industrial sewing machines and automatic systems for sewing circles and cross seams in cushions, mattresses, pads and other filled products. Founded in 1974, Styrteknik has become a market leader in its segment. The consolidation, effective as of June 2024, […]

Corporates

Durst Group Appoints Chris Schowalter As Global Sales Director Software

Textile Insights September 15, 2024

Durst Group, a leading manufacturer of advanced digital printing and production technologies, has announced the appointment of Chris Schowalter as its new Global Sales Director Software. This move underscores Durst’s commitment to expanding its software solutions for the printing industry. With over 20 years of experience in the print sector, particularly in inkjet

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 Enterprise Awards celebrate exceptional businesses that drive economic growth and

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