Corporates

Allen Jacoby Appointed EVP And President Of Milliken’s Textile Business

Textile Insights August 28, 2024

Milliken & Company, a diversified global manufacturer, is pleased to announce the appointment of Allen Jacoby as Executive Vice President and President of its textile business. Jacoby will assume full operational responsibility for the company’s textile product portfolio. He succeeds

Corporates

PDS Ltd Raises Rs 421 Crore Through QIP

Textile Insights August 28, 2024

PDS Limited announces the successful completion of its Qualified Institutions Placement (QIP), raising Rs 421 crore (~US$ 51 million). The QIP attracted strong interest from institutional investors, with the subscription exceeding twice the issue size. The overwhelming response and commitment from institutional investors highlight the confidence in PDS’s strategic

Corporates

Grasim Appoints Vadiraj Kulkarni As Cellulosic Fibres Head

Textile Insights August 28, 2024

Grasim Industries Limited has named Vadiraj Kulkarni as the Business Head (Designate) for its Cellulosic Fibres division, effective October 1, 2024. Harikrishna Agarwal will remain the Managing Director of Grasim Industries and Business Director for Cellulosic Fibres, ensuring a smooth leadership transition over the coming months, with Kulkarni gradually assuming his new

Corporates

IDF Technology Drives Textile Waste Upcycling In India

Textile Insights August 27, 2024

Trützschler and Gimatex: A Partnership for Innovation Since their collaboration began in 2006, Trützschler and Gimatex have successfully worked together on numerous projects. Gimatex Industries Pvt. Ltd., a family-owned company with over 125 years of history, has adopted Trützschler’s Integrated Draw Frame (IDF) technology to transform textile waste into valuable ring

Corporates

Khandoker Rafiqul Islam Appointed New President Of BGMEA

Textile Insights August 25, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has appointed Khandoker Rafiqul Islam as its new President following the resignation of S. M. Mannan (Kochi). Mannan stepped down due to his need for long-term medical treatment. An emergency meeting was held on August 24 at the Radisson Blu Water Garden Hotel in Dhaka, where the […]

Corporates

Oerlikon Neumag Takes Over Truetzschler BCF/IDY Service

Textile Insights August 25, 2024

Oerlikon Neumag, part of the Swiss Oerlikon Group’s Polymer Processing Solutions Division, will now handle customer services and spare parts for Truetzschler’s carpet yarn (BCF) and industrial yarn (IDY) systems. This transition follows a recent agreement with Truetzschler Group, which is shifting focus to spinning, card clothing and nonwovens. Oerlikon Neumag,

Corporates

Inflection Point Ventures Achieves 33% IRR With Full Exit From Fashor

Textile Insights August 25, 2024

Inflection Point Ventures (IPV), a leading angel platform with over Rs 720 crore invested in 200+ startups, has exited its investment in Fashor, securing a 33% IRR and 3.75X MoM return within 54 months. This success highlights IPV’s strategic prowess in nurturing startups and timing exits. Mitesh Shah, Co-Founder of IPV, stated, “Our data-driven exit […]

Corporates

BTRA And ARCI Sign MoU To Advance Carbon Fibre Development In India

Textile Insights August 25, 2024

BTRA and ARCI have signed a significant Memorandum of Understanding (MoU), marking a new chapter in India’s growth journey in carbon fibre development. This strategic partnership aims to drive innovation in sustainable mobility by leveraging the strengths of both organizations. Through this collaboration, BTRA and ARCI are set to accelerate the development of

Corporates

Vardhman Textiles And EY Parthenon Launch GreenWeave Initiative

Textile Insights August 22, 2024

Vardhman Textiles Ltd., a leading Indian textile manufacturer, has announced a joint initiative with EY Parthenon (EYP), a global leader in strategy consulting services, named “GreenWeave.” Through this collaboration, EYP will serve as Vardhman’s trusted strategy advisor, guiding them in value creation through Environmental, Social, and Governance (ESG) and Net

Corporates

Trützschler Discontinues Man-Made Fibers Division

Textile Insights August 22, 2024

Trützschler Group has ceased its Man-Made Fibers Division, ending production of machines and systems for BCF and IDY yarns. The company will now concentrate on spinning, card clothing, and nonwovens. To support existing customers, Trützschler has partnered with Oerlikon for ongoing service and spare parts. Oerlikon, a global leader in the BCF and IDY sectors, […]