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

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

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 Rs 500 crore and an Offer For Sale […]

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 […]