Corporates

Trident Investing Rs 1,450 Crores In Enhancing Capacity

Textile Insights December 14, 2023

Trident Ltd will invest an ambitious Rs. 1,450 crores for capacity expansion across its spinning, bath linen and chemical businesses. The Rajinder Gupta led company plans to add around 100,000 spindles and 42 looms at a cost of Rs. 1,350 crores, while Rs. 100 crores will be spent on expanding

Corporates

Schutzen Chemicals Wins ISC3 Innovation Award 2023

December 13, 2023

In the ISC3 Innovation Challenge 2023, Schutzen Chemical Group, led by founder Raj Tanna, clinched the ISC3 Innovation Award 2023 for their commitment to Sustainable Chemistry. Tanna highlights the dire consequences of increased plastic production, including global warming, harmful substance release, and poor end-of-life options. The startup focuses on developing biobased

Corporates

Thomas Oetterli Proposed As New Chairman Of Rieter

December 13, 2023

Bernhard Jucker will not stand for re-election as Chairman of the Board of Directors at the next Annual General Meeting on April 17, 2024, having reached the age limit. The Board of Directors would like to thank Bernhard Jucker for his outstanding and valuable commitment. During his term of office, he has successfully developed the company […]

Corporates

Bannari Amman To Sell Textile Assets To SP Apparels

Textile Insights December 11, 2023

In a stock exchange filing, Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has expressed interest in buying a few of its textile assets. Bannari Amman will utilise the funds received from the sales of these assets to reduce its borrowings. However, the company has not disclosed the transaction value The […]

Corporates

CCPL India Successfully Installs Canlar Mekatronik’s Smart Series In Tirupur

December 10, 2023

In a significant milestone for CCPL India, the first installation of Canlar Mekatronik Tech’s Smart Series has been completed in Tirupur, South India. The high-performance HT fabric dyeing machine is designed to minimize process costs while prioritizing environmental consciousness and maintaining top-tier quality. The innovative dyeing machine is capable of

Corporates

Andritz Sets Up New Textile Recycling Line In Italy

December 10, 2023

Andritz recently started up a new textile recycling line at Sfilacciatura Negro’s plant in Biella, Italy. Designed for processing post-consumer textile waste with automatic removal of hard parts, the tearing line supports the company’s expansion into new recycling segments. In view of the growing demand for sustainable fibres in the re-spinning and nonwoven industries,

Corporates

Shahi Exports Appoints Alagappan R As COO Of Knits Processing Division

December 3, 2023

Shahi Exports Pvt Ltd has appointed Alagappan R as the Chief Operating Officer (COO) of its Knits Processing Division. A seasoned textile technocrat with over 27 years of expertise in textiles and finance, Alagappan has a robust background from distinguished textile companies, including Aditya Birla Group, Himatsingka and Arvind Ltd. His appointment marks a significant

Corporates

Jay Chemical Receives Hohenstein Sustainability Award

December 3, 2023

Jay Chemical Industries has been awarded by Hohenstein India for outstanding commitment to sustainability in the chemical industry. The award, presented at the Hohenstein Global Sustainability Conference on November 23, 2023, recognises Jay Chemical’s eco-friendly practices, particularly in redefining sustainability in the textile sector. This accolade underscores

Corporates

RSWM Acquires Mathura Based Textile Mill Of Ginni Filament

Textile Insights December 2, 2023

RSWM Ltd, one of the biggest textile manufacturers in India has signed a binding term sheet with Ginni Filaments Ltd for proposed acquisition of its textile assets in Mathura for Rs 160 crores. The acquisition is expected to be completed within ninety days of execution of term sheet subject to execution of definitive documents and […]

Corporates

Atlas Copco Group Unveils New Group Logo & Tagline

Textile Insights November 29, 2023

Atlas Copco Group has launched a new identity, including a new group logo, a new visual identity, and a new group tagline -‘Technology that transforms the future’. The current blue and white Atlas Copco brand and logo will continue to be used on products and services, in the same way as other brands in the […]