Corporates

Zünd Expands Presence In Australia

March 24, 2024

Zund Australia, a subsidiary of Switzerland-based Zünd Systemtechnik AG, has been established to serve as the local contact point for existing customers and prospects. Led by Managing Director Dale Hawkins, who brings 15 years of association with Zund products in Australia, the new branch aims

Corporates

Color Service Expands Business Capabilities With Acquisition Of Cosma Plast

March 24, 2024

Color Service, leader in the production of automatic dispensing systems, has announced its strategic acquisition of Cosma Plast SRL, a prominent company specializing in the design and construction of systems using various materials, including PP, PVC, PE and PVDF. This acquisition marks a significant milestone in Color Service’s journey, enhancing its expertise and

Corporates

Raymond Sells Stakes In Wholly-Owned Subsidiaries

March 24, 2024

Raymond Ltd, a prominent name in India’s fabric and fashion retail sector and a key player in the global suiting fabric market, has secured approval to divest its entire stake in its wholly-owned subsidiaries. The subsidiaries, Raymond Apparel Ltd (RAL) and Ultrashore Realty Ltd (URL), are set to undergo a change in ownership through a […]

Corporates

Technocraft Industries To Launch Greige Yarn Facility In Amravati

March 24, 2024

Technocraft Industries (India) Ltd, through its wholly-owned subsidiary, Technocraft Textiles Ltd, is set to launch its new manufacturing unit for greige yarn production in Amravati, Maharashtra. With commercial production slated to commence from March 24, 2024, the project marks a significant milestone for the company. The manufacturing facility boasts a robust installed

Corporates

Indorama Ventures Raises THB 10 Billion In Oversubscribed Debenture Issue

March 24, 2024

Indorama Ventures Public Company Ltd, a global sustainable chemical producer, has successfully raised THB 10 billion through a debenture issue targeting institutional and high-net-worth investors. The oversubscribed issue, achieved at lower average spreads compared to the company’s previous issuance in 2023, reflects strong investor confidence. The debentures,

Corporates

Kyocera To Launch US$ 40 Million Venture Capital Fund For Innovation

March 24, 2024

Kyocera Corporation is set to launch the “Kyocera Ventures Innovation Fund-I,” a corporate venture capital fund of approximately US$ 40 million, on April 1, 2024, aimed at supporting new businesses. With a longstanding commitment to supporting startups through direct investment and collaboration, Kyocera leverages its unique technologies to fuel research and

Corporates

Saurer And DIW Seal € 153 Million Deal For Top-tier Textile Machinery Venture

March 17, 2024

Saurer and Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW) sealed a collaboration pact for a top-tier textile machinery venture on March 7, valued at over 1.2 billion yuan (approximately 153 million euros). During the signing ceremony, Liu Yiming, the President of DIW said, “DIW has established four major intelligent industrial parks,

Corporates

S M Mannan Kochi To Lead BGMEA Team For 2024-2026 Term

March 17, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) elected its new board of directors for the 2024-2026 term on March 14, with S M Mannan Kochi, Chairman of Seha Design Ltd, assuming the role of President. The new board is poised to assume responsibility following the conclusion of the current board’s term on April 6, […]

Corporates

Arvind Ltd’s Kulin Lalbhai Appointed Chairman Of CII Gujarat

March 17, 2024

Kulin Lalbhai, the Executive Director of Arvind Ltd, has been appointed as the Chairman of the Confederation of Indian Industry (CII) Gujarat State Council for the term 2024-25. In his role at Arvind Ltd, Kulin Lalbhai has been driving innovative initiatives within the group’s consumer businesses. He has played a pivotal role in the establishment […]

Corporates

Infinited Fiber Company Secures €40 Million In Development Financing Round

March 17, 2024

Infinited Fiber Company concludes a €40 million development financing round, drawing significant investments from newcomers Inditex, TTY Management, Youngone, and Goldwin, alongside existing backers. New investors include Inditex Group, TTY Management B.V., Youngone (YOH CVC Fund 1 Limited Partnership), and Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership),