Corporates

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

May 5, 2024

Suominen is bolstering its capabilities in sustainable products by upgrading and enhancing one of its production lines in Bethune, South Carolina, USA. This strategic investment aligns with Suominen’s vision to lead in nonwovens innovation and sustainability. “This investment reinforces our

Corporates

Garment Mantra Lifestyle Expands Business Operations To North East India

May 5, 2024

Garment Mantra Lifestyle Ltd has announced its expansion into the North East region of India, targeting key distribution points in Siluguri, Gauhati and Tinasukiya. Through strategic tie-ups and collaboration with distributors in these regions, Garment Mantra aims to provide direct market intelligence to enhance product placement and cater to the needs of retailers

Corporates

FENC Leads In Sustainable Polyester Industry Expansion

May 5, 2024

Far Eastern New Century (FENC) is leading the global sustainable recycled polyester industry. With the world’s largest production of food-grade recycled polyester, FENC oversees a seamlessly integrated production and sales system spanning from recycled feedstock to end product applications. Through its vast recycling capacity, FENC recycles over 22 billion

Corporates

Federico Pellegata Appointed New General Secretary Of Cematex

May 4, 2024

Federico Pellegata has been appointed as the new General Secretary of Cematex, the European Committee of Textile Machinery Manufacturers, succeeding Cornelia Buchwalder, to whom Cematex extends gratitude for her professionalism and competence. Federico Pellegata was nominated by the Cematex Board of Directors on April 11, 2024. He has been a longstanding member of the

Corporates

Globe Textiles Explores Direct Listing Of Equity Shares On BSE

Textile Insights May 1, 2024

Ahmedabad based Globe Textiles India Limited (GTIL) has plans to explore direct listing of its equity shares on the Bombay Stock Exchange (BSE). “This strategic move underscores Globe Textiles’ commitment to enhancing transparency and maximising value for its shareholders,” the company said in a press release. Direct listings provide a streamlined pathway for companies to

Corporates

Bulut Tekstil Adopts Saurer’s Autocoro 11 For Sustainable Spinning

April 28, 2024

In a dynamic move towards sustainable manufacturing, Bulut Tekstil, a pioneer in the textile industry since 1997, has set its sights on the latest innovations in spinning technology. A recent visit by Murat Günesli, the General Manager of Bulut Tekstil, and his wife to Saurer’s modern facility in Übach-Palenberg, unveiled an innovative advancement in spinning […]

Corporates

Vietnamese Garment Exporter’s Dividend 10 Times Of Share Price

Textile Insights April 25, 2024

Vietnamese apparel exporter Phan Thiet Garment Export (PTGE) is paying the 2023 dividend to its shareholders, which is 10 times above its prevailing share price. At a recent AGM, the board of directors approved a 100 percent dividend whose payout is VND 5,000 per share as against its current market share price of VND 500. […]

Corporates

NILIT And Shenma Industry Form Strategic JV In China

April 21, 2024

NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership marks a significant milestone in expanding production capacity and fostering

Corporates

Albany International Announces Cessation Of Manufacturing Operations In South Korea

April 21, 2024

Albany International Korea, Inc., a subsidiary of Albany International Corp., has announced its decision to cease manufacturing operations at its facility in Chungju, South Korea, and relocate production to other Albany International manufacturing facilities. This strategic move is aimed at optimizing forming fabric capacity to better meet local market demand and serve the

Corporates

Arrow Digital Installs Second EFI FabriVU Printer At Macromedia Hyderabad

April 21, 2024

Macromedia, a leader in printing solutions, has announced the addition of the EFI FabriVU 340i+ to its array of cutting-edge printing solutions, marking a significant milestone in its commitment to innovation and excellence. Sam Patel, MD & CEO of Arrow Digital Pvt. Ltd., congratulated Naresh, Director of Macromedia, on the installation, emphasizing the transformative