Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United

Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024

Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company

Corporates

Vardhman Investing Rs 2,000cr in Modernisation & Expansion

Textile Insights May 21, 2024

Ludhiana based Vardhman Textiles is modernising and expanding its existing spinning and fabric operations at a substantial capital outlay of around Rs 2,000 crore. Additionally, the company will also foray and invest in technical textiles, targeting a production output of 15 lakh meters of fabric per month. Currently, Vardhman operates 12.37 lakh equivalent spindles and

Corporates

Trident Ltd Expands Rooftop Solar Power Project In Budhni

May 21, 2024

Trident Limited has successful commissioned an additional 5.9 MWp capacity for its rooftop solar power project at Budhni, Madhya Pradesh. With this expansion, the total installed capacity of the solar power plant at the Budhni facility has reached 40.9 MWp. The power generated from this solar project will be used captivity for Trident’s manufacturing facilities […]

Corporates

Indorama Ventures Closes $500mn Syndicated Term Loan Facility

Textile Insights May 13, 2024

Thailand headquartered Indorama Ventures has successfully closed a US $500 million syndicated term loan facility, arranged by HSBC and Standard Chartered Bank. This loan is part of its program to refinance upcoming maturities totaling $1.1 billion, with a focus on generating ample liquidity, strengthening its financial structure, and diversifying sources of financing.

Corporates

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Textile Insights May 11, 2024

Post a one-time restructuring, India’s leading garment manufacturer and exporter Orient Craft Limited, has become debt free. The restructuring was done post the Covid pandemic induced financial stress. The Sudhir Dhingra led company worked closely with a consortium of 11 banks to successfully monetise its marquee land and factory assets to pay-off a total debt […]

Corporates

Indorama Ventures ESG Performance Upgraded From ‘A’ To ‘AA’

Textile Insights May 11, 2024

MSCI has upgraded rating of Indorama Ventures from ‘A’ to ‘AA’ for its Environmental, Social, and Governance (ESG) performance towards achieving its ongoing sustainability goals and commitments. Morgan Stanley Capital International (MSCI), a leading provider of research-driven analytics ranked Indorama Ventures among the top 12 percent of 57 global companies in the

Corporates

iFabric Corp. Secures USFDA Medical Device Registration For Innovative Apparel Products

May 10, 2024

iFabric Corp., a renowned leader in innovative apparel and textile technologies, has announced a significant milestone achieved by its wholly-owned subsidiary, Intelligent Fabric Technologies (North America) Inc. (IFTNA). The company has successfully obtained a coveted U.S. Food and Drug Administration (USFDA) Medical Device Registration for its groundbreaking apparel

Corporates

Wrangler Expands Denim Upcycling Efforts Through New Partnerships

May 10, 2024

In honour of Earth Month, Wrangler, the iconic denim brand with 77 years of history, has announced new partnerships to promote circular production practices and reduce denim waste. Through collaborations with Beyond Retro, Accelerating Circularity and the Texas Playboys baseball club, Wrangler reinforces its commitment to sustainability by giving new life to old denim and

Corporates

Arvind Ltd Veteran Susheel Kaul Named As MD & President

Textile Insights May 9, 2024

Sanjay Lalbhai led Arvind Limited has named its veteran Susheel Kaul as its new Managing Director & President – Textile Cluster effective from April 1, 2024. “Susheel Kaul who currently serves as the President & CEO of Textiles and Apparels at Arvind Ltd, brings a wealth of experience and leadership to his new role,” the […]