Corporates

Loepfe Brothers Welcome Markus Kleindorp As New CEO

May 26, 2024

Loepfe Brothers has announced the appointment of Markus Kleindorp as its Chief Executive Officer (CEO), signaling a strategic shift in leadership and direction. Markus Kleindorp, a distinguished figure within the textile industry, joins Loepfe Brothers Ltd with a wealth of experience garnered

Corporates

Huntsman 2023 Sustainability Report Showcases Innovative Products To Meet Sustainability Challenges

May 26, 2024

Huntsman Corporation has released its 2023 corporate sustainability report, “Solutions for Sustainability,” available on Huntsman.com/sustainability. This interactive report showcases Huntsman’s contributions to addressing sustainability challenges through its innovative products. “The report underscores how Huntsman’s solutions are vital for

Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]

Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024

Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company

Corporates

Vardhman Investing Rs 2,000cr in Modernisation & Expansion

Textile Insights May 21, 2024

Ludhiana based Vardhman Textiles is modernising and expanding its existing spinning and fabric operations at a substantial capital outlay of around Rs 2,000 crore. Additionally, the company will also foray and invest in technical textiles, targeting a production output of 15 lakh meters of fabric per month. Currently, Vardhman operates 12.37 lakh equivalent spindles and

Corporates

Trident Ltd Expands Rooftop Solar Power Project In Budhni

May 21, 2024

Trident Limited has successful commissioned an additional 5.9 MWp capacity for its rooftop solar power project at Budhni, Madhya Pradesh. With this expansion, the total installed capacity of the solar power plant at the Budhni facility has reached 40.9 MWp. The power generated from this solar project will be used captivity for Trident’s manufacturing facilities […]

Corporates

Elis Partners With Sizekick and Hohenstein For AI Workwear Fitting

Textile Insights May 19, 2024

An innovative web application is restyling workwear selection with personalized size recommendations, thanks to Sizekick’s innovative AI technology developed in collaboration with textile service provider Elis and expertise from Hohenstein. This partnership marks a significant leap in the workwear industry, with Sizekick’s AI not only factoring in individual

Corporates

Indorama Ventures Closes $500mn Syndicated Term Loan Facility

Textile Insights May 13, 2024

Thailand headquartered Indorama Ventures has successfully closed a US $500 million syndicated term loan facility, arranged by HSBC and Standard Chartered Bank. This loan is part of its program to refinance upcoming maturities totaling $1.1 billion, with a focus on generating ample liquidity, strengthening its financial structure, and diversifying sources of financing.

Corporates

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Textile Insights May 11, 2024

Post a one-time restructuring, India’s leading garment manufacturer and exporter Orient Craft Limited, has become debt free. The restructuring was done post the Covid pandemic induced financial stress. The Sudhir Dhingra led company worked closely with a consortium of 11 banks to successfully monetise its marquee land and factory assets to pay-off a total debt […]

Corporates

Indorama Ventures ESG Performance Upgraded From ‘A’ To ‘AA’

Textile Insights May 11, 2024

MSCI has upgraded rating of Indorama Ventures from ‘A’ to ‘AA’ for its Environmental, Social, and Governance (ESG) performance towards achieving its ongoing sustainability goals and commitments. Morgan Stanley Capital International (MSCI), a leading provider of research-driven analytics ranked Indorama Ventures among the top 12 percent of 57 global companies in the