Corporates

Yarn Producer Sanathan Textiles To Raise Rs 800 Crore Via IPO

Textile Insights April 20, 2024

Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the IPO is a combination of a fresh issue of equity shares aggregating up to

Corporates

Indo Count Acquires Iconic US Brand WAMSUTTA

April 19, 2024

Strategic Acquisition Strengthens Indo Count’s Global Reach and Brand Prestige Indo Count, the largest global bed linen manufacturer and exporter from India, announces its strategic acquisition of the international home fashions brand WAMSUTTA from Beyond Inc. Wamsutta – an industry-leading home fashions brand – has delighted generations of consumers with luxurious

Corporates

CEO Thomas Oetterli Elected As Chairman Of Rieter BoD

Textile Insights April 18, 2024

CEO Thomas Oetterli was elected as Chairman of the board of directors (BoD) of Rieter Holding at the 133rd annual general meeting of the Swiss textile machinery manufacturing company. Additionally, 312 shareholders who attended the meeting and who represent 68.7 percent of the share capital approved the proposal to distribute a dividend of CHF 3.00 […]

Corporates

Globe Textiles Eyeing Turnover Of Rs 520 Crore By 2027

Textile Insights April 16, 2024

NSE listed Globe Textiles India is setting up a plant to manufacture 600,000 apparel pieces per month and is also eyeing a turnover of Rs 520 crore in the next three years. With a Zero Liquid Discharge (ZLD) system and partly solar generation which minimises energy costs while using green energy, the company uses nature-friendly […]

Corporates

Trident Group Celebrating Mission Day in Honour of Workforce

Textile Insights April 16, 2024

The Trident Group with a mission to fostering an inclusive and empowering workplace for its employees commemorated its foundational milestone, Mission Day on April 15 in Sanghera and on April 18 in Budhni. “Mission Day holds a special place in Trident’s calendar as it serves as a moment to recognise and appreciate the relentless dedication […]

Corporates

BRÜCKNER Celebrates 75 Years Of Textile Machinery Excellence

April 16, 2024

This year marks a significant milestone for BRÜCKNER, the renowned German family-run company, as it celebrates its 75th anniversary. With over 6000 BRÜCKNER lines operating worldwide, the company continues to be a global leader in textile machinery, catering to a diverse range of industries and applications. From industrial textiles to nonwovens, textile floor coverings,

Corporates

Texana’s US$ 20 Mn Investment To Create 4000 Jobs In Karnataka & AP

April 14, 2024

Texana, a joint venture between leading apparel manufacturing giants Texport Industries Pvt Ltd (India) and Busana Apparel Group (Indonesia), is poised to make significant strides in the industry. With plans to establish 2000 machines across two greenfield independent units in Shiggaon, Karnataka, and Kadapa, Andhra Pradesh, the venture is set to create over 4000 new […]

Corporates

Banswara Syntex Recognized As ‘Green Channel Partner’ By Blackberrys

April 14, 2024

Banswara Syntex has announced its recent recognition as a “Green Channel Partner” by Blackberrys, marking a significant milestone in its sustainability journey. This esteemed label highlights Banswara Syntex’s commitment to excellence and environmental stewardship within the textile industry. The achievement highlights Banswara Syntex’s dedication

Corporates

Industry Veteran Vikram Rao Joins Resil Chemicals As Board Mentor

April 14, 2024

Resil Chemicals has announced the appointment of Vikram Rao as Mentor to its Board of Directors. Bringing with him a wealth of experience garnered from illustrious tenures at renowned organizations such as Coats, Arvind, Aditya Birla Group and N9 World Technologies, Rao has consistently transformed enterprises into diversified powerhouses throughout his distinguished

Corporates

Shree Renga Polymers Partners With Albatross Energetics To Enhance HVAC Efficiency

April 14, 2024

Shree Renga Polymers, a prominent player in the industry, has inked a Memorandum of Understanding (MoU) with Albatross Energetics, a dynamic startup led by a team of young innovators from the prestigious Indian Institute of Technology (IIT). The collaboration aims to enhance energy efficiency across Shree Renga Polymers’ heating, ventilation and air conditioning