Corporates

Lenzing Appoints Georg Kasperkovitz As COO To Drive Operational Excellence

Textile Insights May 27, 2025

Lenzing AG has announced the appointment of Georg Kasperkovitz as its new Chief Operations Officer (COO) and member of the Managing Board, effective June 1, 2025. Kasperkovitz will oversee the management of all fiber production sites and lead the ongoing company-wide performance program aimed

Corporates

Lenzing Secures €545 Mn Loan; Logs Net Profit Of €31.7 Mn In Q12025

Textile Insights May 25, 2025

The Lenzing Group, a global leader in regenerated cellulose fibres for the textile and nonwovens industries, has secured a €545 million syndicated loan to bolster its liquidity ahead of upcoming refinancing needs. The financing includes a €355 million term loan and a €190 million revolving credit facility, both with a three-year maturity and options to […]

Corporates

DigiProd Pass & Digital Architect Sign MoU With BGMEA For Launch Of Digital Product Passport Pilot

Textile Insights May 25, 2025

DigiProd Pass Ltd and Digital Architect have signed a Memorandum of Understanding (MoU) with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to launch a pilot project aimed at implementing blockchain-based Digital Product Passports (DPPs) in Bangladesh’s garment sector. The MoU was signed at the BGMEA Complex in Uttara, Dhaka, by BGMEA Administrator

Corporates

Unifi Sells Madison Facility For US$ 45 Million, Cuts Debt And Streamlines Operations

Textile Insights May 25, 2025

Unifi, Inc., the makers of Repreve and a global leader in recycled and synthetic yarns, has announced the successful sale of its manufacturing facility in Madison, North Carolina, to a third-party buyer for US$ 45 million. The company used US$ 25 million of the proceeds to reduce its term loan and US$ 18.3 million to […]

Corporates

Kemira Partners with Metsä Group to Develop Sustainable Kuura Textile Fibre

Textile Insights May 22, 2025

Kemira and Metsä Group have joined forces to advance the development of Kuura, a sustainable, European-made lyocell-type textile fibre. Kuura is being developed as a cost-effective and scalable alternative to existing man-made cellulosic fibers (MMCFs), addressing environmental challenges in the textile value chain. Metsä Group is currently conducting a pre-engineering

Corporates

SCZONE, GS Global Sign US$ 15M Deal For Qantara West Garment Plant

Textile Insights May 21, 2025

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a contract with GS Global Sourcing Co., Ltd, a leading Chinese apparel manufacturer, to establish a new ready-made garments production facility in the Qantara West Industrial Zone. The agreement was formalized by SCZONE Chairman Waleid Gamal El-Dien and Luo Ju, legal representative and […]

Corporates

Monterey Textiles Group Acquires Patrick Yarns, Launches FilSpec USA

Textile Insights May 21, 2025

Monterey Textiles Group has announced the successful acquisition of Patrick Yarns, previously part of the Coats Group. The facility, located in Kings Mountain, North Carolina, will now operate under the name FilSpec USA, ushering in a new chapter of innovation and excellence in specialty technical yarn production. This strategic acquisition strengthens FilSpec’s position

Corporates

Circ To Build US$ 500M Polycotton Recycling Plant In France

Textile Insights May 21, 2025

U.S. based textile recycling company Circ has secured support from the French government and the European Union to establish the world’s first industrial-scale facility capable of recycling polycotton, a blend of polyester and cotton at Saint-Avold in northeastern France. The project, with a total investment of €450 million (US$ 500 million), is set to begin […]

Corporates

KPR Mill Shares Fall 6% On Promoter Stake Sale

Textile Insights May 21, 2025

Shares of KPR Mill slipped nearly 6% today, hitting an intraday low of Rs 1140.10 on the BSE, after opening at Rs 1160. The decline followed reports that promoters K.P. Ramasamy, K.P.D. Sigamani, and P. Nataraj are set to offload up to 3.2% stake in the company via block deals. The total size of the […]

Corporates

BWCMA Halts Textile Trade With Turkey, Azerbaijan

Textile Insights May 20, 2025

The Bangalore Wholesale Cloth Merchants Association (BWCMA) has announced an immediate suspension of all textile imports and exports to and from Turkey and Azerbaijan. The decision comes in response to what the association described as the two countries’ recent support for Pakistan following ‘Operation Sindoor’. “This collective action reflects our commitment