Corporates

iFabric Corp. Secures USFDA Medical Device Registration For Innovative Apparel Products

May 10, 2024

iFabric Corp., a renowned leader in innovative apparel and textile technologies, has announced a significant milestone achieved by its wholly-owned subsidiary, Intelligent Fabric Technologies (North America) Inc. (IFTNA). The company has successfully obtained a coveted U.S. Food and Drug

Corporates

Wrangler Expands Denim Upcycling Efforts Through New Partnerships

May 10, 2024

In honour of Earth Month, Wrangler, the iconic denim brand with 77 years of history, has announced new partnerships to promote circular production practices and reduce denim waste. Through collaborations with Beyond Retro, Accelerating Circularity and the Texas Playboys baseball club, Wrangler reinforces its commitment to sustainability by giving new life to old denim and

Corporates

Arvind Ltd Veteran Susheel Kaul Named As MD & President

Textile Insights May 9, 2024

Sanjay Lalbhai led Arvind Limited has named its veteran Susheel Kaul as its new Managing Director & President – Textile Cluster effective from April 1, 2024. “Susheel Kaul who currently serves as the President & CEO of Textiles and Apparels at Arvind Ltd, brings a wealth of experience and leadership to his new role,” the […]

Corporates

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

May 5, 2024

Suominen is bolstering its capabilities in sustainable products by upgrading and enhancing one of its production lines in Bethune, South Carolina, USA. This strategic investment aligns with Suominen’s vision to lead in nonwovens innovation and sustainability. “This investment reinforces our position as the foremost provider of sustainable nonwovens in the Americas market,

Corporates

Garment Mantra Lifestyle Expands Business Operations To North East India

May 5, 2024

Garment Mantra Lifestyle Ltd has announced its expansion into the North East region of India, targeting key distribution points in Siluguri, Gauhati and Tinasukiya. Through strategic tie-ups and collaboration with distributors in these regions, Garment Mantra aims to provide direct market intelligence to enhance product placement and cater to the needs of retailers

Corporates

FENC Leads In Sustainable Polyester Industry Expansion

May 5, 2024

Far Eastern New Century (FENC) is leading the global sustainable recycled polyester industry. With the world’s largest production of food-grade recycled polyester, FENC oversees a seamlessly integrated production and sales system spanning from recycled feedstock to end product applications. Through its vast recycling capacity, FENC recycles over 22 billion

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 Board of Directors on April 11, 2024. He has been a longstanding member of the

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. […]