Corporates

Lenzing Group Appoints Rohit Aggarwal As New CEO

June 28, 2024

The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board. He will assume responsibility for the fiber division during the third quarter. Following

Corporates

Ganesha Ecosphere Invests Rs 100 Crore In Subsidiary Ganesha Ecopet

June 28, 2024

Ganesha Ecosphere Limited (GESL) has announced a significant investment in its wholly-owned subsidiary, Ganesha Ecopet Pvt. Ltd. The company has invested Rs. 100 crore into Ganesha Ecopet by subscribing to 10 crore equity shares, each with a face value of Rs. 10, on a rights basis. This strategic move highlights Ganesha Ecosphere’s commitment to expanding […]

Corporates

Ananta Group Invests US$ 70M In Bangladesh Knit Fabric Facility

June 25, 2024

Ananta Group is poised to invest US$ 70 million in a new synthetic knit fabric manufacturing facility, supported by US$ 40 million from the Asian Development Bank (ADB) and syndicated arrangements. Despite challenges like dollar shortages for raw material imports and intermittent gas and electricity supply, the group aims to establish Ananta Knitwear Limited in […]

Corporates

Ranjan Group Boosts Fabric Quality With Picanol Weaving Machines

June 23, 2024

Ranjan Group, renowned for its premium suiting fabrics, has reinforced its commitment to quality and productivity with Picanol’s innovative weaving machines. Since its initial investment in 2016, Ranjan Group has steadily expanded its fleet of Picanol airjet weaving machines to 88 units spread across three strategic locations. Pushpendra Bewswal, Director of Ranjan

Corporates

Saurer Group Celebrates 25th Anniversary Of Texparts, Honours Dedicated Employees

June 23, 2024

The Saurer Group recently marked the 25th anniversary of Texparts with a grand celebration, honouring both the milestone and the dedicated employees who have contributed to the company’s success. The event was highlighted by the recognition of 15 employees who have been with Texparts since its inception, celebrating their invaluable contributions over the past

Corporates

S.P. Apparels Completes Acquisition Of Young Brand Apparel

June 22, 2024

S.P. Apparels Ltd, headquartered in Avinashi, Tamil Nadu and well-known for its high-quality textile and apparel products, has officially completed the acquisition of 100% equity shares of Young Brand Apparel Pvt. Ltd. (YBAPL). This acquisition marks a significant milestone in S.P. Apparels’ strategic expansion into the international market, particularly the U.S.A.,

Corporates

Gokaldas Exports Announces Strategic Investment In BRFL Textiles

June 20, 2024

Gokaldas Exports has announced a strategic investment in BRFL Textiles Pvt. Ltd. (BTPL), one of India’s largest fabric processing companies. Gokaldas Exports will invest in BTPL through Optionally Convertible Debentures (OCDs). In the first tranche, Gokaldas Exports will subscribe for ₹50 crores, with additional OCDs worth up to ₹300 crores to be subscribed in

Corporates

Sinbon and Makalot Introduce Revolutionary EMS Fitness Suit

June 20, 2024

Sinbon and Makalot have forged a strategic partnership to capitalize on the burgeoning digital wellness market, projected to reach US$ 1.8 trillion globally by 2024, with the U.S. segment alone anticipated to hit US$ 480 billion this year. The alliance aims to leverage their Soft Electronics/Textile product creation platform, catering to diverse industries worldwide.

Corporates

UMPESL & Draft-Air Partner To Strengthen Business In India

June 19, 2024

Universal MEP Projects & Engineering Services Limited (UMPESL), a 100% wholly owned subsidiary of Voltas Limited, a TATA Enterprise, announced that it has entered into an agreement for the marketing and sales of humidification plants from the reputed Indian manufacturer, Draft-Air India Pvt. Ltd. This cooperation is expected to strengthen both UMPESL’s and Draft-Air’s

Corporates

CEMATEX Appoints Alex Zucchi As New President

June 16, 2024

CEMATEX, the European Committee of Textile Machinery Manufacturers, has announced the appointment of Alex Zucchi as its new President. Zucchi’s election took place during the General Assembly held on 14 June 2024. Zucchi brings a wealth of experience to his new role, having been actively involved in CEMATEX as part of the ACIMIT delegation since […]